The Dry Sweeteners market is booming due to a rising preference for healthier sugar alternatives like stevia and monk fruit. Anticipated to hit $7,884 million by 2032 with a 6.5% CAGR, this growth is driven by health-conscious consumers seeking low-calorie options without compromising on taste.
The Dry Sweeteners market is experiencing exponential growth within the food industry. As consumers increasingly seek healthier alternatives to traditional sugar, the demand for natural, low-calorie options has surged. Dry Sweeteners like stevia, monk fruit, and erythritol are gaining popularity, catering to health-conscious consumers without compromising on taste.
The demand for dry sweeteners is anticipated to reach US$4,200 million globally. A CAGR of 6.5% is estimated by millions of every 2022 to be valued at US$ 7,884 million between 2022 and 2032. The growing popularity of bread kitchenware is associated with development. A 4.1% CAGR was projected for the dry sweeteners market between 2016 and 2021.
When making cookies, cakes, muffins, bread, and nut coatings, bakeries and confectioneries typically employ dry sweeteners as sweetening agents. Malt, raisins, dry honey, fruit sugars, and molasses are examples of dry sweeteners that can successfully and efficiently take the place of liquid or raw sweeteners. The most common forms of dry sweeteners are flake, powder, and crystal, depending on how the sweetener is used in the business.
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Dry Sweeteners Market: Drivers & Restraints
Rising use of confectionery and food products in the food parks, dairy and HoReCa (Hotel, Restaurants, and café) is the key drivers for the growth of the global dry sweeteners market. Additionally, the increasing decorative features in the baking industry and other food industries is expected to increase the demand for dry sweeteners in forecast years. Dry Sweeteners can be used as a decoration by spreading on baking recipes before or after Baking. Dry sweeteners used to add shape, quality, and taste of the food products in food and confectionery industry. Change in life style and increase in disposable income is increasing the consumer base for food industry, this in turn, is expected to increase the demand for dry sweeteners in near future.
Furthermore, unstable demand and supply ratio is expected to restrain the market growth of dry sweeteners. Lack of awareness in developing economies and fluctuating prices of raw materials are expected to hinder the market growth across the forecast period.
Dry Sweeteners Market: Regional outlook
Based on geography, dry sweeteners market has been categorized into seven key regions i.e. North America, Western Europe, Japan, Asia Pacific excluding Japan, Eastern Europe, and Middle East and Africa. The dry sweeteners market is expected to register healthy growth during the forecast period as the food and beverages market is growing globally. The Asia Pacific represents the considerably high market share and growing with a higher growth rate as the food and beverages market is growing rapidly in the region.
Moreover, North America and Western Europe are growing market with a stabilized rate attributed to the high capita income and changed in lifestyle of the consumers. The dry sweeteners market is steadily increasing with the increasing demand of the confectionery and bakery foods across the globe. The Dry sweeteners market is expected to grow in the forecast period.
Dry Sweeteners Market: Key Players
Some of the major players in the dry sweeteners market are listed below.
- Archer Daniels Midland Company
- Sweeteners Plus
- Marroquin Organic
- Nordic Sugar A/S
- Cargill, Incorporated
- Royal Ingredients Group
- Tereos Starch & Sweeteners s.a.s.
- Health Care Products Ltd
- Malt Products Corporation
- Jimbo’s Naturally
- Other players
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Dry Sweeteners Market: Market Segmentation
Dry sweeteners market is segmented into different segments based on the product type, application type, form type, and geography. Among application type, dry sweeteners for the decorative purpose in the bakery industry is leading with maximum market share. Furthermore, second largest consumption of drysweetners is in the confectionery foods which maintains the second position in the market. Use of dry sweeteners in food and dairy industry is expected to grow across the forecast period attributed to increase in consumer base as the population is increasing across the globe. The dry sweeteners come in the different forms as like powder, crystal, and flake.
Based on the product type the dry sweeteners market is segmented into:
- Malt
- Raisins
- dry honey
- Fruits sugars
- Molasses
- Other dry sweeteners
Based on the application type the dry sweeteners market is segmented into:
- Confectionery
- Bakery
- Dairy
Based on the form type the dry sweeteners market is segmented into:
- Powder
- Crystal
- Flakes
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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