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Low Intensity Sweeteners Market Size

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

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Low Intensity Sweeteners Market Size

Low Intensity Sweeteners Market size was valued at USD 3.1 billion in 2023 and is estimated to expand at 4.7% CAGR from 2024 to 2032. Consumer awareness towards health issues such as diabetes and obesity drive markets. The increasing demand for sugar-reduced products in food and beverage industry along with the government’s sugar reduction encouragement drives the market development.

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Consumption of low glycemic index sweeteners that reduce caloric intake adds appeal. Moreover, increasing health awareness and desire of living a healthy lifestyle led to increased consumption of low intensity sweeteners across different food and beverage categories.

Low Intensity Sweeteners Market Report Attributes
Report Attribute	Details
Base Year:	2023
Low Intensity Sweeteners Market Size in 2023:	USD 3.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.7%
2032 Value Projection:	USD 4.7 Billion
Historical Data for:	2018 – 2023
No. of Pages:	180
Tables, Charts & Figures:	191
Segments covered:	Product Type, Source, Application, and Region
Growth Drivers:	Increasing consumer demand for healthier alternatives Government regulations promoting sugar reduction. Rising awareness of low-glycemic index sweeteners.
Pitfalls & Challenges:	Potential issues related to aftertaste Constant scrutiny and evolving regulations regarding the safety and use of sweeteners in food.

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One potential pitfall in the low intensity sweeteners industry is the taste challenge, as certain substitutes might introduce an aftertaste or altered flavor profile in products, potentially impacting consumer acceptance and product appeal.

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.