Artificial Sweeteners Market
The artificial sweeteners market size is anticipated to attain a value of USD 9974 million by 2027, registering a CAGR of 3.9% during the forecast period. Artificial sweeteners are used as a substitute of sugar and help in maintaining low blood sugar levels. The growing usage of artificial sweeteners in candies, jams, baked goods, and jellies will strengthen the market growth.
Artificial Sweeteners Market Dynamics
The growth in the artificial sweeteners market is attributed to the changes in the consumption pattern and drift towards healthier food options with low sugar content. Also, artificial sweeteners are increasingly used in various end-use industries. The growing incidences of diseases, such as obesity and diabetes has propelled the market growth. With the increasing awareness regarding the advantages of artificial sweeteners and the growing demand for low calorie and sugar free products, the artificial sweeteners have gained immense prominence.
The evolution of the coronavirus has bolstered the sales of artificial sweeteners as consumers are increasingly choosing healthier diet patterns and emphasising on improving their immunity system to fight with the disease. However, the growing safety concerns regarding artificial sweeteners and allergic reactions among consumers may restrain the artificial sweeteners market share.
Geographically, the Asia-pacific Region is expected to expand at a faster CAGR over the forecast period. Consumers have become aware about the side-effects of consuming sugar-based products, which is a major factor fuelling the market growth. The growing demand for healthier food alternatives among millennials is another factor contributing to the market growth. Furthermore, as per the artificial sweeteners market analysis, the accelerating income along with the changing lifestyle of consumers, and rapid urbanization will further stimulate the artificial sweeteners market in countries such as India and China.
Artificial Sweeteners Market by Product Type
Artificial Sweeteners Market by Application
- Bakery Goods
- Confectionery & Chewing Gums
- Sweet Spreads
- Dairy Products
Artificial Sweeteners Market by Form
Artificial Sweeteners Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland