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Low Intensity Sweeteners Market Trends

Report ID: GMI7613
Published Date: Dec 2023
Report Format: PDF

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Low Intensity Sweeteners Market Trends

Consumer shift towards clean-label label products drives demand for natural sweeteners to the markets. Innovation of plant-based substituents for manufacturers fulfilling the demand for healthy sugary substitutes. The market for low-calorie sweeteners, which are used to make drinks and snacks, is also witnessing an exponential growth. This rise is being driven by trends among consumers who are more health conscious. Furthermore, these substitutes are being worked upon in terms of ongoing research and development with an intent to improve taste profiles as well as functional properties so that they can be applied more widely.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of low intensity sweeteners reached USD 3.1 billion in 2023 and is set to cross USD 4.7 billion by the end of 2032, due to the growing consumer awareness of health issues, such as diabetes and obesity.

The synthetic source segment recorded around 66% of the market share in 2023 and is expected to grow at a lucrative pace by 2032, owing to increasing preference for clean-label products and healthier alternatives.

U.S. market was valued at USD 953.5 million in 2023, attributed to increasing consumer awareness regarding health concerns related to high-calorie sweeteners like sugar.

Some of the leading market players are Cargill, Ingredion Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company (ADM), PureCircle, Roquette Frères, Merisant, and Pyure Brands LLC.