The Artificial Sweetener is a substance that has a similar taste to sugar, and major addition in food and beverage products. The artificial sweetener tastes much sweeter than normal sugar, but it provides lower energy than normal sugar. It contains notably low calories that transform food and beverage products into sugar-free products. The global artificial sweetener market is expected to develop at a CAGR of 3.7% during the forecast period of 2020-2025.
Artificial sweeteners are being widely used in the food and beverage manufacturing industries in products such as chewing gum, chocolates, ice cream, sugar-free soda, and others. The artificial sweetener consisting of products helps consumers to keep calories level low and maintain their average weight. Rising awareness about healthy eating and health concerns associated with sugar consumption is boosting demand for artificial sweetener globally. The soft drink industry is largely consuming artificial sweeteners, which is likely to drive market demand in the near future.
Food and Beverage, pharmaceuticals, direct sales, etc are the most leading applications in the market reporting a large portion of market revenue share. Natural profiles and clean labels for artificial sweeteners are the factors driving the market. Fizzy drinks manufacturers can slash sugar without changing the taste and appearance of their product if they choose to include artificial sweeter instead of normal sugar. This results in lower production costs and a better financial scale that eventually prompts growth in the global artificial sweetener market.
Major Types of Artificial Sweeteners Studied in the Report:
The trend of dropping weight is found in regions that are shifting their consumption from sugar to artificial sweetener is also thriving in market growth. Alongside, health awareness among consumers, obesity concerns, diabetes, and calories are leading factors insisting consumers have sugar substitutes. Currently, Asia Pacific holds the largest market share, which is also likely to dominate the market during the forecast period. North America is likely to remain a key region owing to the significant contribution from the US.
Geographies Considered in the Report:
• Asia Pacific
• North America
• Rest of the World.
The most prominent manufacturers operating in the market are: Cargill, ROQUETTE, AJINOMOTO, Ingredion, and Hermes Sweeteners.