By 2022, the market for low-calorie sweeteners is anticipated to reach USD 29 billion and grow at a CAGR of 4.7%. (2022-2032). By the end of 2032, the market for low-calorie sweeteners is anticipated to have a total value of USD 46 Bn.
Low-calorie sweeteners, also known as artificial sweeteners, are substances used as sugar substitutes in food and beverage processing. They are typically added in small amounts, as they provide a sweetness that is significantly more intense than that of table sugar. Some sweeteners approved by the United States Food and Drug Administration (FDA) include stevia, sucralose, aspartame, neotame, saccharin, and Advantage.
These sweeteners have undergone rigorous testing to ensure their safety for consumption. Among the FDA-approved sweeteners, stevia is the only naturally derived option, while aspartame is notable for being the only digestible, zero-calorie low-calorie sweetener available. Beyond their use in the food and beverage sector, low-calorie sweeteners are also utilized in the pharmaceutical industry, particularly in the manufacture of oral care products like toothpaste and mouthwash, as well as in sugar-free tablets and syrups. Other industries that employ low-calorie sweeteners include dairy and baking.
Individuals dealing with weight-related conditions such as diabetes and obesity often prefer products containing low-calorie sweeteners due to their reduced sweetness levels. The growing demand for healthier food options, along with the increasing prevalence of diabetes and obesity, is projected to drive the expansion of the low-calorie sweeteners market in the coming years.
Low-Calorie Sweeteners Market Driven by Growing Consumers’ Demand for Healthy Products
Due to the rise in awareness regarding the adverse effect of consuming sugar or carbohydrate, there has been a surge in demand for sugar-free food products, and this has in turn facilitated the food and beverage industry to apply low-calorie sweeteners in the food they produce. Low-calorie sweeteners have a large number of health benefits such as prevention of tooth decay, maintenance of blood sugar levels, cholesterol reduction, and shelf life extension. All these features of low-calorie sweeteners are what are driving the global low-calorie sweeteners market forward. The market is anticipated to grow significantly over the forecast period. Furthermore, consumers’ changing lifestyles coupled with increasing disposable income are factors anticipated to accelerate the growth of the global low-calorie sweeteners market.
Increasing Application in Various End-User Sectors
End-user sectors such as the food and beverage industry, the pharmaceutical industry, and many more often utilize low-calorie sweeteners to produce their products. The food and beverage industry often uses low-calorie sweeteners in their production due to the health benefits associated with consumption. Low-calorie sweeteners are used to produce low-calorie or sugar-free drinks and food items, which are mostly consumed by individuals with diabetes, obesity, or high cholesterol. In the pharmaceutical industry, low-calorie sweeteners are used to manufacture drugs or supplements with little or no sugar. Since low-calorie sweeteners occur in different forms such as liquid, tablet, powder, and packets, they can be used in producing syrups or pellet drugs. Personal care products, such as toothpaste and mouthwash, contain low-calorie sweeteners. This diversity in the application is a force expected to drive the market forward over the forecast period.
Low Calorie Sweeteners Market Restraint
The rise in demand for natural products over synthetic ones is predicted to hamper the growth of low-calorie sweeteners globally. Low-calorie sweeteners market will witness a decline in growth as consumers will make a switch. Besides, the high cost of low-calorie sweetener will affect the market’s growth as consumers can’t afford it.
Low-Calorie Sweeteners Market: Region-wise Analysis
North America and Europe dominate the global low-calorie market after holding the largest market share. These regions will remain in dominant due to the rise in the population size of consumers with health issues.
The Asia Pacific is the fastest-growing market for low-calorie sweeteners market. Rising population size, coupled with increasing disposable income and consumers’ changing lifestyles, fuel the growth of the low-calorie sweeteners market within the region. It’s slated that the region will record a healthy CAGR over the forecast period.
Low Calorie Sweeteners Market: Competitive Landscape
- Archer Daniels Midland Company
- Cargill Inc.
- NutraSweet Property Holdings, Inc.
- Ingredion Incorporated
- ZuChem Inc
- E. I. duPont de Nemours and Company
- Nova Green Inc.
- Foodchem International Corporation
- Cumberland Packing Corp.
- Tate & Lyle PLC.
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Global Low-Calorie Sweeteners Market Segment Analysis
The global low-calorie sweeteners market can be segmented on the following basis:
By Type
- Stevia
- Aspartame
- Neotame
- Advantame
- Sucralose
- Saccharin
- Acesulfame Potassium
By Source
- Natural
- Artificial
By Application
- Food and Beverages
- Bakery Products
- Oral Care Products
- Dairy Products
- Sauces
- Soft Drinks
- Pharmaceuticals
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