By 2022, the market for low-calorie sweeteners is anticipated to reach US$ 29 billion and grow at a CAGR of 4.7%. (2022-2032). By the end of 2032, the market for low-calorie sweeteners is anticipated to have a total value of US$ 46 Bn.
Zero-calorie sweeteners or artificial sweeteners are substances used in place of sugar for processing food items in the food and beverage industry. They are often added to food items in small quantities because the sweetness they provide is more intense than that of table sugar when compared. Some of the sweeteners approved by the United States Food and Drug Administration include stevia, sucralose, aspartame, neotame, saccharin, and advantame.
These sweeteners have been tested to be safe for consumption. Of all the sweeteners approved by the US FDA, stevia is the only naturally occurring sweetener. Aspartame is the only digestible, sugar substitutes with zero-calorie produced. Aside from the application in the food and beverage industry, low-calorie sweeteners also find applications in the pharmaceutical industry where they are used in the production of oral care products such as toothpaste and mouthwash. They are also used in the production of sugar-free tablets and syrups. Other industries where the services of low-calorie sweeteners are employed include; dairy industry, bakery industry, and many others.
Individuals suffering from weight-related diseases like diabetes and obesity will prefer to consume items with low-calorie sweeteners since the sweetness quotient in them is low. Increasing demand for healthy food products coupled with growing population size of diabetic or obesity patients is expected to fuel the growth of low calorie sweeteners market over the forecast period.
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Low Calorie Sweeteners Market Driven by Growing Consumers’ Demand for Healthy Products
Due to the rise in awareness regarding the adverse effect of consuming sugar or carbohydrate, there has been a surge in demand for sugar-free food products, and this has in turn facilitated the food and beverage industry to apply low-calorie sweeteners in the food they produce. Low calorie sweeteners have a large number of health benefits such as prevention of tooth decay, maintenance of blood sugar level, cholesterol reduction and shelf life extension. All these features of low calorie sweeteners are what is driving the global low calorie sweeteners market forward. The market is anticipated to grow significantly over the forecast period. Furthermore, consumers’ changing lifestyle coupled with increasing disposable income are factors anticipated to accelerate the growth of the global low calorie sweeteners market.
Increasing Application in Various End-User Sector
End-user sectors such as the food and beverage industry, the pharmaceutical industry, and many more often utilize low-calorie sweeteners to produce their products. The food and beverage industry often use low-calorie sweeteners in their production due to the health benefits associated with consumption. Low-calorie sweeteners are used to produce low calorie or sugar-free drinks and food items, which are mostly consumed by individuals with diabetics, obesity, or high cholesterol. In the pharmaceutical industry, low-calorie sweeteners are used to manufacture drugs or supplements with little or no sugar. Since low-calorie sweeteners occur in different forms such as liquid, tablet, powder, and packets, they can be used in producing syrups or pellet drugs. Personal care products, such as toothpaste and mouthwash, contain low-calorie sweeteners. This diversity in the application is a force expected to drive the market forward over the forecast period.
Low Calorie Sweeteners Market Restraint
The rise in demand for natural products over synthetic ones is predicted to hamper the growth of the low-calorie sweeteners globally. Low-calorie sweeteners market will witness a decline in growth as consumers will make a switch. Besides, the high cost of low-calorie sweetener will affect the market’s growth as consumers can’t afford it.
Low Calorie Sweeteners Market: Region-wise Analysis
North America and Europe dominate the global low-calorie market after holding the largest market share. These regions will remain in dominance due to the rise in the population size of consumers with health issues.
The Asia Pacific is the fastest-growing market for low-calorie sweeteners market. Rising population size, coupled with increasing disposable income and consumers’ changing lifestyle, fuel the growth of low-calorie sweeteners market within the region. It’s slated that the region will record a healthy CAGR over the forecast period.
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Low Calorie Sweeteners Market: Competitive Landscape
- Archer Daniels Midland Company
- Cargill Inc.
- NutraSweet Property Holdings, Inc.
- Ingredion Incorporated
- ZuChem Inc
- E. I. duPont de Nemours and Company
- Nova Green Inc.
- Foodchem International Corporation
- Cumberland Packing Corp.
- Tate & Lyle PLC.
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