Sugars And Sweeteners Market, 2016-2024
The global sugars and sweeteners market is witnessing high growth globally.
There are many types of sweeteners with different flavors available in the market. Usually, these are mostly used in all eatables, from pizza to chewing gum and toothpaste. Sweeteners such as Yacon Syrup have a positive effect upon the digestive system and can even strengthen the immune response. Sugars and sweeteners are available in the market include modified sugars such as caramel or golden syrup, artificial sweeteners such as sugar-free cubes.
The global sugars and sweeteners market is witnessing high growth globally. Also, the food and beverage industry is rapidly replacing sugar or corn syrup with non-nutritive sweeteners. The most popular artificial sweetener in the food industry used is Aspartame. Also, sucralose has become the most popular sweetener. The food industry is focusing on the use of supplements instead of traditional sugar in order to avoid the side effects with its use and simultaneously to have a cost-effective, tasty, and quicker production of items. Factors such as sugar-free tablets, low-sugar items, sugar supplements and daily homemade beverages are increasing the demand for these products globally. Though studies show that there are side effects of having excess sugar in the food, people seem to get attracted to sweet more, and hence, low-calorie or sugar supplement are taken as a midway by health-conscious sweet lovers.
The global sugars and sweeteners market is segmented on the basis of types and regions. On the basis of types, the market is segmented as natural sweeteners and artificial sweeteners. The natural sweeteners segment is gaining traction owing to its zero side effects as compared with artificial sweeteners segment. Nutritive or caloric sweeteners also are composed of natural sweeteners. On the basis of region, the global sugars and sweeteners market in segmented as the United States, Latin America, Asia-Pacific, Africa, the Middle East and Europe.
Europe is anticipated to be the largest market for sugars and sweeteners owing to the majority of the population in this region to be more attracted by sugar products or sweeteners. In addition, health conscious people and disposable income are rising the demand of these products in this region. This trend is followed by the United States. Developing nations such as Africa, China, and India are expected to be the fastest-growing markets for sugars and sweeteners. People opting for healthier diets and lifestyles impact the global market growth in a positive way. Consumers are becoming more cautious about the ingredients in the food they consume, which in turn results in increasing demand for healthier alternatives. This rising demand offers ample opportunities to existing vendors in the global sugars and sweeteners market to produce a wide variety of products and value-added offerings.
Some of the key players in the global sugars and sweetener market include Tate & Lyle, Cumberland Packing, Ingredion, Cargill, and Roquett.