The global natural sweeteners market size is expected to reach USD 2.93 Billion in 2020 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing shift towards natural sweeteners due to potential health risks associated with artificial sweeteners and long-term use.
The research report includes a separate chapter for qualitative analysis. We have followed a descriptive approach while compiling the chapter. The macro and micro economic factors define the share and growth of market. These factors have been carefully understood through secondary and primary sources. All such factors have been explained under headings namely growth driving factors, growth restraining factors, market and technology trends and so on. Depending on the contribution and the growth potential, five countries were chosen for PESTEL analysis and the same has been described in the report.
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Dairy processors are investing in development of novel technologies to sweeten products without incorporating extra calories as consumers are reducing consumption of intensely sweetened dairy-based products. Increasing need for alternatives that are natural and have low-calorific value to sweeten dairy products, which would decrease the sugar content while maintaining the body, texture, and mouthfeel, is expected to continue to drive adoption of stevia among dairy product manufacturing companies. High heat resistance of stevia makes it a suitable option for dairy products since it maintains its stability when subjected to heat or during baking and preparation.
Some Key Highlights in the Report
In July 2020, Tate & Lyle PLC announced the launch of SWEETENER-VANTAGE Expert Systems. The SWEETENER-VANTAGE Expert Systems is a set of innovative and new sweetener solution tools that are designed to assist formulators in producing sugar-reduced food and drinks using low calories sweeteners.
Food & beverages segment accounted for largest revenue share of 2020. Food and beverage manufacturers are investing in development of superior quality natural sweeteners, which is expected to drive growth of the natural sweeteners market during the forecast period.
Stevia segment revenue is expected to expand at a rapid CAGR during the forecast period. Diabetes patients are increasingly adopting natural sweeteners such as stevia as it is better in reducing postprandial glucose and insulin levels in comparison to other sweeteners.
The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key market participants include DuPont, Archer-Daniels-Midland Company, Tate & Lyle PLC, Ingredion Incorporated, Cargill, Inc., Roquette Frères, Foodchem International Corporation, Evolva Holding SA, Purecircle, and Madhava, Ltd.
The global Natural Sweeteners market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Natural Sweeteners market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Natural Sweeteners market.
Emergen Research has segmented the global natural sweeteners market on the basis of application, type, and region:
Application Outlook (Revenue, USD Billion; 2021–2028)
Food & Beverages (Confectionery Products, Fruit Juices, Dairy Products, Bakery Products, Carbonated Drinks)
Type Outlook (Revenue, USD Billion; 2021–2028)
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The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Natural Sweeteners market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Natural Sweeteners Market added by Emergen Research demonstrates that the global Natural Sweeteners market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Natural Sweeteners market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Summary of the Global Natural Sweeteners Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028.
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
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