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The global Sugars and Sweeteners market size was valued at USD 100567.51 Million in 2021. The market is projected to grow from USD 102780 Million in 2023 to USD 119691.93 Million by 2029, exhibiting a CAGR of 2.2% during the forecast period.
The Global Sugars and Sweeteners Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market insights reports. Industry experts and researchers have offered an authoritative and concise analysis of the Sugars and Sweeteners Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Sugars and Sweeteners Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Sugars and Sweeteners Market in the coming years.
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Some of the key players profiled in the study are Archer Daniels Midland Company, Beneo, Biofeed, British Sugar, Cargill, Celanese Corporation, Clasado Biosciences, Cosucra-groupe Warcoing, Dairy Crest, DowDuPont, Federation of Quebec Maple Syrup Producers, Frieslandcampina, Grain Processing Corporation, and other Prominent players.
Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Sugars and Sweeteners market. The major and emerging players of the Sugars and Sweeteners Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Sugars and Sweeteners market.
Sugars and Sweeteners Market drivers
- Increasing Demand for Natural and Low-Calorie Sweeteners: Growing consumer awareness of health and wellness has led to an increased demand for natural and low-calorie sweeteners. As consumers seek alternatives to traditional sugar, the market for natural sweeteners like stevia, monk fruit extract, and erythritol has expanded. These sweeteners offer the perception of healthier options and cater to the needs of consumers looking to reduce their sugar intake.
- Rising Prevalence of Lifestyle Diseases: The global rise in lifestyle diseases, such as obesity and diabetes, has prompted individuals to adopt healthier dietary choices. As a result, there is a growing demand for sugar substitutes and low-calorie sweeteners as part of efforts to reduce sugar consumption. This driver is particularly significant in regions where the prevalence of lifestyle diseases is high.
- Shift in Consumer Preferences: Consumer preferences for different tastes, flavors, and textures have a significant impact on the sugars and sweeteners market. As tastes evolve, there is a demand for a wide variety of sweeteners, ranging from natural alternatives to artificial sweeteners. Manufacturers are continually developing and introducing new sweeteners to cater to diverse consumer preferences.
- Increasing Food and Beverage Industry: The growth of the global food and beverage industry is a driver for the sugars and sweeteners market. Sweeteners are essential ingredients used in the production of a wide range of food and beverage products, including soft drinks, confectionery, baked goods, dairy products, and more. As the food and beverage industry expands, the demand for sugars and sweeteners also increases.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Sugars and Sweeteners market.
Sugars and Sweeteners Market (By Type)
Natural Sugars and Sweeteners
Artificial Sugars and Sweeteners
Sugars and Sweeteners Market (By Application)
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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Important years considered in the Sugars and Sweeteners study:
Historical year – 2017-2023; Base year – 2023; Forecast period** – 2023 to 2029 [** unless otherwise stated]
If opting for the Global version of Sugars and Sweeteners Market; then the below country analysis would be included:
– North America ( North America is estimated to expand at a CAGR of 2.4% from 2022 to 2030. Several regional players are offering low-calorie food & beverages due to the growing health-consciousness among consumers. Moreover, the growing awareness about sugar alternatives that provide low or no calories is contributing to the growth of the market in North America. Consumers in the region are shifting toward natural and organic products and consuming less packaged and heavily processed food, which is expected to drive the demand for natural sweeteners in the region. )
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (Asia Pacific dominated the market with a share of over 30.1% in 2023. The region holds large growth potential for the food and beverages industry on account of the presence of some of the fastest-growing economies such as China and India. The younger population in the region is largely influenced by western diets. The demand for premium beverages and confectionery products is expected to lead to an increase in the imports of such sweeteners. )
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Reasons to Procure this Report:
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Sugars and Sweeteners market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
(C) The research includes the Sugars and Sweeteners market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Sugars and Sweeteners market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Sugars and Sweeteners business predictions by region, key countries, and top companies’ information to channel their investments.
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What is new in 2023?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the Sugars and Sweeteners market.
– Updated financial information and product portfolios of players operating in the Sugars and Sweeteners market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previous version of the report
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Sugars and Sweeteners.
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