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Non Sugar Sweeteners Market Research Report 2024-2033: Opportunities and Strategies

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Bhuvan
Non Sugar Sweeteners Market Research Report 2024-2033: Opportunities and Strategies

Overview and Scope

A non-sugar sweetener is a substance used to provide a sweet taste to foods and beverages without the caloric content or metabolic effects of sugar. These sweeteners are often used as sugar substitutes in various products to reduce calorie intake, manage blood sugar levels, or prevent dental cavities. Non-sugar sweeteners can be natural or artificial and are significantly sweeter than sugar, requiring only small amounts to achieve the desired sweetness.

Sizing and Forecast

The non-sugar sweeteners market size has grown steadily in recent years. It will grow from $13.42 billion in 2023 to $13.94 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%.  The growth in the historic period can be attributed to increasing consumer awareness about the health risks, improved production techniques enhancing the quality, shift in consumer preferences, increasing research and development, and growth of low-calorie and sugar-free product lines.

The non-sugar sweeteners market size is expected to see steady growth in the next few years. It will grow to $16.49 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.  The growth in the forecast period can be attributed to increasing numbers of diabetic patients, increasing urbanization, rising demand for high-intensity sweeteners, increasing energy drink demand from athletes, rising demand for goods. Major trends in the forecast period include advancements in production techniques, the emergence of novel ingredients, technological integration for taste enhancement, customization and personalization, enhanced stability, and shelf life.

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Segmentation & Regional Insights

The non sugar sweeteners market covered in this report is segmented –

1) By Type: Artificial Non-Sugar Sweeteners, Natural Non-Sugar Sweeteners, Sugar Alcohols, Novel Sweeteners

2) By Sales Channel: Direct, Indirect  

3) By Application: Food Industry, Diabetes Mellitus Treatment, Oral Care, Others Applications

North America was the largest region in the non-sugar sweeteners market in 2023.  The regions covered in the non sugar sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing number of diabetic patients is expected to propel the growth of the non-sugar sweetener market going forward. Diabetic patients are individuals who are diagnosed with diabetes mellitus, a chronic metabolic disorder characterized by high blood sugar levels. The increasing number of diabetic patients is due to the high consumption of processed foods, sugary beverages, high-calorie diets, obesity, and the aging population. Non-sugar sweeteners provide sweetening options that promote calorie control, blood sugar regulation, and general well-being, which is a crucial contribution to the dietary treatment of diabetes. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, around 537 million adults in 2021 had diabetes, which is expected to increase to 643 million by 2030. Therefore, increasing numbers of diabetic patients are driving the growth of the non-sugar sweetener market.

Key Industry Players

Major companies operating in the non sugar sweeteners market are  Cargill Incorporated, Archer Daniels Midland Company, Nestlé S.A., Wilmar International Limited, Asahi Group Holdings Ltd., DuPont de Nemours Inc., Ajinomoto Co. Inc., McNeil Nutritionals LLC, Celanese Corporation, Südzucker AG, Ingredion Incorporated, Tereos S.A., Roquette Frères, Döhler GmbH, B&G Foods Inc., Tate & Lyle PLC, Zydus Wellness, PureCircle Ltd., NutraSweet Company, Evolva Holding SA, Hermes Sweeteners Ltd., GLG Life Tech Corporation, Hunan NutraMax Inc., Matsutani Chemical Industry Co. Ltd.

The non sugar sweeteners  market report table of contents includes:

  1. Executive Summary
  2. Market Characteristics
  3. Market Trends And Strategies
  4. Impact Of COVID-19
  5. Market Size And Growth
  6. Segmentation
  7. Regional And Country Analysis

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  1. Competitive Landscape And Company Profiles
  2. Key Mergers And Acquisitions
  3. Future Outlook and Potential Analysis

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