Rising Demand for Low-Calorie Sweeteners is Favorable to Global Alternative Sweeteners Market Growth

According to the estimations put forth by Inkwood Research, the Global Alternative Sweeteners Market is predicted to project a CAGR of 3.23% in terms of revenue during the forecasting years of 2021-2028.

“Browse 49 Market Data Tables and 47 Figures spread over 160 Pages, along with an in-depth TOC on the Global Alternative Sweeteners Market Forecast 2021-2028.”

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Alternative sweeteners are alternatives to sucrose and saccharides. They have been developed to provide zero-calorie or low calorie sweetening foods and drinks. They are also termed, non-nutritive sweeteners. These provide a low glycemic index, which helps in maintaining insulin levels.

Increasing Demand for Low-Calorie Sweeteners propels Market Growth

Beverage industries are inclined to produce low-calorie diet beverages and energy drinks to cater to the healthy lifestyle trend of the millennials. Low-calorie sweeteners comprise low calories or zero calories. They are used in food and beverages in the place of sugar, and for lowering the calorie and carbohydrate levels. Also, their sweetness is much more intense in comparison to table sugar. Therefore, they are used in lesser quantities. Ace-K is a low-calorie sweetener permitted for use by the FDA (Food and Drug Administration) and EFSA (European Food Safety Authority). It is a high-intensity sweetener used as a food additive. Furthermore, with the surging number of diabetes patients and the increasing consumer awareness, the consumption of alternative sweeteners is projected to increase.

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Low-Intensity Sweeteners are the Fastest-Growing Product

Low-intensity sweeteners are low-calorie food additives. They are used for enhancing the flavor of food products and beverages. They are accounted to be a safe substitute. They further aid in weight management, given their calorie-free property. Low-intensity sweeteners are classified into sorbitol, maltitol, allulose, erythritol, tagatose, xylitol, etc.

With obesity becoming a serious concern worldwide, there is a huge demand for low-intensity sweeteners. For instance, Coca-Cola launched diet coke and coke-zero with low-intensity sweeteners. Moreover, the popularity of low-calorie food has increased over the years. Such factors, along with the increasing demand for naturally-sourced products like stevia, are set to offer ample market growth opportunities.

Asia Pacific – Region with the Highest CAGR & Largest Revenue Share

The Asia Pacific region is witnessing growing incidences of dental damage, hypertension, diabetes, and obesity. Reduction of sugar intake has thus become a necessity. As per the United States Department of Agriculture, the region accounts for more than 40% of the world’s sugar consumption. In several countries such as India, the Philippines, and Indonesia, the government plans to implement sugar taxes. This is set to result in beverage manufacturers substituting sucrose with low-calorie sweeteners. Such factors are expected to boost the market growth.

The rising health awareness has resulted in manufacturers providing proper claim labeling for products. The incorporation of regulations and the need for ingredient information have given rise to a high degree of transparency in the market, thereby intensifying the industrial rivalry. Cargill Inc, Roquette Freres, PureCircle Ltd, Batory Foods Inc, etc., are among the prominent players in the market.

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