Synthetic Sweeteners Market: A Sweeter Future Fueled by Health Awareness and Food Industry Demand
The Business Research Company’s Synthetic Sweeteners Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, January 19, 2024 /EINPresswire.com/ — The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The synthetic sweeteners market, witnessing robust growth, surged from $55.36 billion in 2023 to an estimated $60.27 billion in 2024, reflecting a significant CAGR of 8.9%. Projections indicate sustained momentum, reaching $83.07 billion by 2028, maintaining a steady CAGR of 8.4%.
Health Awareness Drives Growth:
Rising global health awareness propels the synthetic sweetener market. Escalating cases of heart diseases, diabetes, and obesity prompt a shift toward healthier lifestyles. Advocacy from organizations like the WHO, AHA, and ADA supports artificial sweeteners, fostering global synthetic sweetener demand.
Meeting Food and Beverage Demand:
The synthetic sweeteners market is buoyed by the growing demand for food and beverages. Serving as sugar alternatives, synthetic sweeteners witness increased adoption. In 2023, Scotland recorded 1,185 companies in food and beverages, with exports surging by 31% to $10.18 billion (£8.1 billion) in 2022.
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Key Players Shaping Dynamics:
Major players influencing the market include Cargill Inc., Archer-Daniels-Midland Company, Ingredion Inc., Roquette, and others. Their strategies contribute to the market’s robust growth.
Sucralose-Based Sweeteners Transforming Food:
Sucralose-based sweeteners gain prominence, offering a low-calorie alternative. PepsiCo’s adoption of sucralose in diet Pepsi highlights its transformative impact on the food and beverage landscape.
Innovation in Sweetness – Next-Gen Sugar Alternatives:
Companies introduce the next generation of sugar alternatives, aiming for healthier options. Whole Earth Brands’ Swerve brand, launched in July 2022, emphasizes natural sugar replacement without artificial additives.
Regions and Market Segments:
In 2023, Asia-Pacific led the market, with North America securing the second-largest share.
The synthetic sweeteners market covered in this report is segmented –
1) By Product Type: Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame, Other Product Types
2) By Application: Bakery, Dairy, Confectionery, Beverages, Soups, Sauces and Dressings, Other Applications
3) By Distribution Channel: Supermarkets & Hypermarkets, Departmental Stores, Convenience Stores, Other Distribution Channels
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https://www.thebusinessresearchcompany.com/report/synthetic-sweeteners-global-market-report
Synthetic Sweeteners Global Market Report 2024 from TBRC covers the following information:
1. Market size date for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Synthetic Sweeteners Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on synthetic sweeteners market size, synthetic sweeteners market drivers and trends, synthetic sweeteners market major players, competitors’ revenues, synthetic sweeteners markepositioning, and synthetic sweeteners markegrowth across geographies. The synthetic sweeteners market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Sugar Substitutes Global Market Report 2023
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Sucralose Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/sucralose-global-market-report
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