Renub Research has recently released a report named “Artificial Sweetener Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the Artificial Sweetener Market. The Artificial Sweetener Market shall expand at a CAGR of 3.47% by 2028. Artificial sweeteners are sugar substitutes added to food and drinks, offering low to no calories, and are commonly used by people who want to reduce their sugar intake.
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Examples include aspartame, sucralose, saccharin, and neotame, and are generally considered safe by regulatory bodies such as the FDA, though some may have concerns about their long-term health effects. Artificial sweeteners are widely used in food and beverages, such as soft drinks, yogurt, and candies, as well as in tabletop sweeteners for coffee and tea. They are also found in pharmaceutical and personal care products, like cough syrups, toothpaste, and mouthwash.
The artificial sweetener market shall continue growing due to several factors, including increasing health awareness among consumers, a growing number of individuals with obesity and diabetes, rising demand for sugar-free products, lifestyle diseases, weight loss trends, and advancements in food processing technology. However, consuming excessive amounts of artificial sweeteners may have potential disadvantages, such as an increased risk of metabolic disorders, disruption of gut bacteria, and the development of a preference for overly sweet foods, among others.
Aspartame products are projected to lead the global market for artificial sweeteners in the upcoming years
Aspartame products have high sweetness intensity, allowing a lower quantity to be used in food and beverage products, resulting in fewer calories consumed. Aspartame products have a taste profile similar to sugar and do not leave an aftertaste like other artificial sweeteners. Additionally, aspartame is stable under various temperatures and pH levels, making it suitable for use in different food and beverage products. Aspartame is also approved for consumption by regulatory bodies such as the FDA and the European Food Safety Authority (EFSA).
Products – Global Artificial Sweetener Market will be divided into six types:-
1. Aspartame
2. Neotame
3. Sucralose
4. Acesulfame k
5. Saccharin
6. Others
The increasing food and beverage industry trends add to their hegemony in the artificial sweetener market
The dominance of the food and beverage application in the artificial sweeteners market can be due to the widespread use of artificial sweeteners in numerous food and beverage products, including soft drinks, juices, yogurt, baked goods, candies, and chewing gum. As consumers become more health-conscious and seek low-calorie and sugar-free alternatives, the demand for artificial sweeteners in food and beverages continues to grow. Additionally, advancements in food processing technology have enabled the incorporation of artificial sweeteners into a broader range of food and beverage products without compromising taste or quality.
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Application – Global Artificial Sweetener Market will be divided into four types
1. Food and Beverage
2. Direct Sales
3. Pharmaceuticals
4. Others
Awareness among consumers in Asia regarding the adverse health effects of sugar consumption is the key driver of the artificial sweeteners market in the region
Several factors, including rising health awareness among consumers and growing demand for low-calorie and sugar-free food and beverage products, are expected to drive the growth of the artificial sweeteners market in the Asia-Pacific region. In addition, the growing prevalence of lifestyle diseases, such as obesity and diabetes, also drives the demand for artificial sweeteners as a substitute for sugar. Furthermore, the increasing urbanization and changing consumer lifestyles in the region have led to a shift in dietary preferences towards healthier and more convenient food and beverage options, boosting the demand for artificial sweeteners.
Region – Global Artificial Sweetener Market will be divided into five types
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
Competitive Landscape
Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Celanese Corporation, Wilmar International Limited, and DuPont de Nemours, Inc. are among the major players in the artificial sweetener market.
Key Players – All the major players have been covered from 3 Viewpoints
1. Overview
2. Recent Developments
3. Revenue
Company Analysis
1. Cargill
2. Ingredion
3. Archer Daniels Midland Company
4. Tate & Lyle
5. Celanese Corporation
6. Wilmar International Limited
7. DuPont de Nemours, Inc.
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