Market Synopsis
The global low-intensity sweeteners market is predicted to expand at a significant rate during the forecast period 2028. owing to the increasing prevalence of obesity among the consumers, asserts Market Research Future (MRFR). Low-intensity sweeteners are referred to as food supplements that stimulate a sense of sweetness in the person who is consuming the product. Low-intensity sweeteners are popular among people suffering from obesity and diabetes. They keep the insulin level unaffected and are thus preferred by the etic patients.
Drivers and Constraints Impacting the Market
There has been a drastic change in lifestyle along with changing food habits in different parts of the world in the past few years, adversely affecting the health of the individuals. Cutting down on sweets is one of the easiest ways to attain healthy living. Such factors are highly stimulating the growth of the low-intensity sweeteners market across the globe. With the soaring popularity of low-calorie food to address obesity, diabetes, and other lifestyle diseases, the demand for low-intensity sweeteners is increasing. The inclination towards a low-calorie diet for reducing weight is another key factor triggering the demand for low-intensity sweeteners during the assessment period.
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Moreover, investments in research and development activities to introduce novel products are the prime focus of key leaders to serve the spiraling demand for sugar-free products. Additionally, innovation in products and availability of the same in a variety of forms such as stick pads, tablet format, and packet form are which are convenient to carry and suitable for traveling are further contributing to the growth of the market.
On the flip side, strict mandates for the inclusion of ingredients that are used to manufacture low-intensity sweeteners coupled with the delay in approval are some of the major concerns considered to dampen the market growth to some extent. Moreover, the increased cost to introduce new products coupled with the consumer resistance to the same is also negatively impacting the market growth during the assessment period.
Segmental Analysis
The global low-intensity sweeteners market has been segmented based on type, application, and region.
By mode of type, the global low-intensity sweeteners market has been segmented into tagatose, xylitol, trehalose, allulose, iso-maltulose, and others. Among these, the trehalose segment is considered to hold the major market share during the assessment period. The launch of novel products with the use of trehalose is one of the major factors for the growth of the segment.
By mode of application, the global low-intensity sweeteners industry has been segmented into beverages, bakery foods, dairy & allied products, confectionery, pharmaceuticals, tabletop sweeteners, and others. Among these, the beverages segment is predicted to retain its dominance owing to the growing demand for sugar substitutes in beverage products.
Regional Insights
Geographically, the low-intensity sweeteners market span across regions namely, Asia Pacific, Europe, North America, and Rest-of-the-World (Row).
Among all the regions, the Asia-Pacific region is considered to dominate the global low-intensity sweeteners market and is estimated to retain its dominance in the coming years. the growth in this region is attributed to the augmenting awareness of the consumer coupled with the demand for convenience food. China has been the major market for low-intensity sweeteners in this region. The North American region is predicted to register the maximum growth rate in the global low-intensity sweeteners market owing to the substantial R&D activities in this region.
Industry Updates
December 16, 2018: The Federal Institute of Industrial Research Oshodi has recently partnered with the Lagos State University, the International Conference on Alternative Sweeteners, and others to develop simple process technologies for optimization and commercial extraction of high-grade Miraculin and Thaumatin, which is a low-calorie flavor modifier and sweetener.
Competitive Dashboard
The prominent players operating the global low-intensity sweeteners market are Tate and Lyle (U.K), Südzucker AG (Germany), Mitsui (Japan), Cargill Inc. (U.S.), Roquette Freres SA (France), Purecircle (Malaysia), Ingredion (U.S.), NutraSweet Company (U.S.), and Matsutani (Japan).
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