Low Intensity Sweeteners Market worth $3.6 Billion by 2026, at a CAGR of 4.6%
The report “Low Intensity Sweeteners Market by Type (Sorbitol, Maltitol, Xylitol, D-Tagatose, Erythritol, Mannitol, Allulose), Application (Food, Beverages), Form (Dry, Liquid), and Region (North America, Europe, APAC, South America, & RoW)- Global Forecast to 2026″ The global low intensity sweeteners market size is projected to reach USD 3.6 billion by 2026. According to MarketsandMarkets, the global low intensity sweeteners market size is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 3.6 billion by 2026, recording a CAGR of 4.6%, in terms of value. The growing awareness among consumers regarding health and wellness is driving the demand for low intensity sweeteners.
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Drivers: Rise in demand for low intensity sweeteners in various food & beverage applications Low intensity sweeteners contain a negligible amount of calories and hence are suitable alternatives to sugar. They are generally used in processed foods such as soft drinks, baked goods, candy, functional drink mixes, puddings, jams, jellies, canned foods, dairy products, and other food & beverages. Low intensity sweeteners have several physical properties that are important in food processing, including the level of sweetness, cooling effect, solubility, and molecular weight. They also exist in various forms, such as powder and liquid, serving several functional roles, including use as bulk sweeteners and as sugar-free carriers for flavors, colors, and enzymes. Due to the variety of crystallization properties, molecular weight, and solubility, they offer a wide range of applications in cold and frozen foods.
By type, the allulose segment is projected to grow with the highest CAGR in the low intensity sweeteners market during the forecast period
The allulose segment is expected to grow at the highest CAGR over the forecast period. The demand for allulose has increased as it is a low-calorie sugar, which has same clean and sweet taste as tabletop sugar. As in 2019, FDA officially allowed allulose to be excluded from total sugar and added sugar counts on processed food nutrition label, the market is expected to grow tremendously as it clears the path for innovation for manufacturers.
By application, the pharmaceutical and personal care products segment is projected to grow with the highest CAGR in the low intensity sweeteners market during the forecast period
Based on application, the pharmaceutical and personal care products segment is projected to be the fastest-growing segment in the low intensity sweeteners market. Functional properties possessed by low intensity sweeteners, such as spreading capacity, workability, and good compressibility, is leading to their increasing demand in pharmaceutical and personal care product applications.
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The North America region is the largest region in the low intensity sweeteners market in the forecast period
North America is the largest region in the global low intensity sweeteners market in the forecast period. The presence of major low intensity sweeteners manufacturers such as Ingredion Incorporated (US), ADM (US), Anderson Advanced Ingredients (US), and Whole Earth Brands (US), further drives the market.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Ingredion Incorporated (US), ADM (US), Anderson Advanced Ingredients (US), Tate & Lyle (UK), Roquette Frères (France), Matsutani Chemical Industry Co., Ltd (Japan), Whole Earth Brands (US), CJ CheilJedang (South Korea), Samyang Corporation (South Korea), Daesang Corporation (South Korea), Van Wankum Ingredients (Netherlands), Hylen Co., Ltd (China), Sweeteners Plus (US), Fooding Group Limited (China), Savanna Ingredients (Germany), Foodchem International Corporation (China), Apura Ingredients (US), Shandong Saigo Group Corporation (China), Icon Foods (US), and Bonumose Inc. (US).
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