Europe Low-Calorie Sweeteners Market Insights: Companies with Revenue and Forecast 2032
Low-Calorie Sweeteners Market Scenario
Low-Calorie Sweeteners Market is
expected to grow at a significant rate of 7.20% from 2023 to 2032 to reach a
market value of USD 407.9 billion by the end of 2032.
The health benefits associated with the
intake of low-calorie sweeteners are likely to encourage market growth in the
coming years. low-calorie sweeteners are referred to as compounds which taste
sweet but contain zero calories. This property makes it useful in maintaining
the blood glucose level among diabetic patients. The commonly used low calorie
sweeteners are acesulfame, saccharin, neotame, aspartame, and sucralose.
The Europe low-calorie sweeteners market is growing steadily, driven by rising health awareness and the increasing incidence of lifestyle-related diseases such as obesity and diabetes. Consumers are becoming more health-conscious, leading to a higher demand for low-calorie and sugar-free products. The market features a diverse range of sweeteners, including aspartame, stevia, sucralose, and saccharin, used in various applications such as beverages, dairy products, and confectioneries. The stringent regulatory environment in Europe, which emphasizes product safety and health benefits, supports market growth by ensuring high standards for low-calorie sweeteners. Additionally, the trend towards clean-label and natural products is encouraging the adoption of natural sweeteners like stevia and monk fruit extract. The robust food and beverage industry in countries like Germany, France, and the UK, along with the growing demand for health and wellness products, is driving market expansion. However, consumer concerns about the safety of artificial sweeteners and the higher cost of natural alternatives pose challenges. Despite these issues, the Europe low-calorie sweeteners market is expected to grow, supported by ongoing product innovation and the increasing focus on healthy lifestyles.
Market Potential and Pitfalls
The low-calorie sweeteners market is
expected to steal the spotlight during the appraisal period as the surging
population demand for natural products has witnessed a downfall in artificial
low calorie sweeteners compared to the natural sweeteners. The market is likely
to experience a sturdy growth rate owing to its diverse potential application
in the F&B sector. The demand for low-calorie sweeteners is likely to
escalate owing to the increased consumption needs for sugar substitutes and
convenience food with low-calorie. The surging health awareness among the
consumers is likely to affect the market in the coming years positively. The
low-calorie sweeteners have further gained popularity in the ready-to-eat food
as it satisfies the appetite for sweetness and also maintains the blood glucose
levels in diabetic patients over conventional sugars. The sugar substitutes
play a crucial role in weight management. With the increasing number of obese
population, the market for low calorie sweeteners is predicted to flourish.
Moreover, several products have been launched by the beverage manufacturers
such as energy and diet drinks which is enabling the market to reach out to a
wider range of audiences.
On the contrary, the use of artificial
low-calorie sweeteners has raised concern across the globe due to its safety
issues like intolerance and allergy which is estimated to inhibit the market’s
growth during the appraisal period. Moreover,
the dearth of awareness associated with the use of low-calorie
sweeteners and the high cost compared to sugar is likely to restrict the market
growth in the long run.
Competitive Dashboard
The global low calorie sweeteners key market
players comprises Tate & Lyle (U.K.), Archer Daniels Midland (the U.S.),
Cargill Inc. (the U.S.), E. I. du Pont de Nemours and Company (the U.S.),
Celanese Corporation (the U.S.), Ingredion Inc. (the U.S.), and NutraSweet (the
U.S.).
Global Low Calorie Sweeteners Market:
Segmental Analysis
The global low calorie sweeteners market
has been segmented on the basis of type, application, and distribution channel.
By mode of type, the global low-calorie
sweeteners market has been segmented into artificial and natural. Among these,
the artificial low calorie sweeteners command a major share owing to its low
cost. The inclination towards the use of natural products and surging health
concerns have led the F&B companies to switch for alternatives for sugar.
By mode of application, the global
low-calorie sweeteners market has been segmented into pharmaceutical, food
& beverage, personal care products, and others. Among these, the food &
beverage segment is estimated to hold a major share due to the increased demand
for convenience food among the consumers.
By mode of distribution channel, the global
low-calorie sweeteners market has been segmented into store-based and non-store
based. Among these, the sale through store-based distribution channel is
estimated to dominate the market owing to the convenient one-stop shopping
experience. Meanwhile, the non-store based distribution channel is estimated to
gain prominence in the coming years due to the growing popularity of e-commerce
across the globe.
Industry Updates
April 19, 2019: A new low-calorie sweetener, Allulose has promised all the comfort
and flavor of real sugar without any drawbacks. Allulose looks like sugar,
feels like sugar, and even tastes like sugar and contains only 0.4 calories per
gram.
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