ID: MRFR/F-B & N/3128-HCR | 110 Pages | Published By Varsha More on March 2023
The global Low-Calorie Sweeteners Market is projected to grow at a significant rate of 7.2% from 2020 to 2028 to reach a market value of USD 42.8 billion by the end of 2028.
$42.8 billion
7.2%
North America
2020-2028
Market Scenario
The global Low-Calorie Sweeteners Market is projected to grow at a significant rate of 4.5% from 2019 to 2024 to reach a market value of USD 35.6 billion by the end of 2024. Demand for foods and beverages containing low-calorie sugar is increasing among the health-conscious consumers globally, which is further influencing the market growth of low-calorie sweeteners. Many of the market players are offering low-calorie sweeteners which come from natural sources since there is a huge demand for natural ingredients in the food processing and beverage making industries. In addition to that, consumers also prefer food items which are made with natural ingredients. With the increasing number of diabetic people, demand for food products containing low-calorie sugar is growing globally. These factors are likely to accelerate the growth of the low-calorie sweeteners industry during the assessment period. Low-calorie sweeteners are sugar substitutes which contain lower calories. Low-calorie sweetener is the alternative to table sugar, and it is preferable choice for diabetic people who cannot consume regular sugar. There are different types of low-calorie sweeteners used in food products and beverage by food processors including aspartame, saccharin, sorbitol, stevia, and xylitol.
Segmentation
The global low-calorie sweeteners market has been segmented based on category, type, application, and region.
The global market has been divided, based on category, into natural and synthetic.
By type global market has been segmented into aspartame, saccharin, sorbitol, stevia, xylitol, and others.
The global market has been classified, based on application, into bakery & confectionery, beverages, dairy & frozen dessert, sweet & savory snacks, and others.
The global low-calorie sweeteners market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American low-calorie sweeteners market has further been segmented into the US, Canada, and Mexico. The European low-calorie sweeteners market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The low-calorie sweeteners industry in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The low-calorie sweeteners industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Regional Market Summary
Global Low-Calorie Sweeteners Market Share (%), by Region, 2018 Â
Source: Secondary Sources and MRFR Analysis
Globally, North America is projected to dominate the low-calorie sweeteners market during the forecast period. An increasing number of health-conscious consumers who prefer sweeteners containing low amounts of calories to add in their regular diet is influencing the market growth of low-calorie sweeteners in the region. Diseases, including diabetes, is increasing among the consumers of North America, which is creating huge demand for low-calorie sweeteners and likely to boost the market for low-calorie sweeteners during the forecast period.
Asia-Pacific is expected to register the highest CAGR in the low-calorie sweeteners market during the forecast period. Among the consumers of Asia-Pacific, there is an increasing demand for processed foods & beverages with sweeteners containing low-calorie. Most of the food processing industries use low-calorie sweeteners in their products to fulfill the requirements of consumers in the region. Additionally, low-calorie sweeteners have several applications in baked products, dairy products, confectionery items, and beverages. These factors are expected to catalyze the growth of the market for low-calorie sweeteners during the assessment period.
Global Low-Calorie Sweeteners Market, by Category
Global Low-Calorie Sweeteners Market, by Type
Global Low-Calorie Sweeteners Market, by Application
Global Low-Calorie Sweeteners Market, by Region
Intended Audience
Low-calorie sweeteners market is projected to grow at a 4.5% CAGR between 2020-2027.
North America is expected to dominate the low-calorie sweeteners market.
Low-calories sweeteners market is predicted to touch USD 35.6 billion by 2027.
Low-calorie sweeteners are widely used in sweet and savory snacks, dairy and frozen dessert, beverages, bakery and confectionery, and others.
Use of artificial sweeteners may limit the low-calories sweeteners market growth.