Low Intensity Sweeteners Market

Low Intensity Sweeteners Market generated a revenue of USD 2,789 Million in 2020 and is estimated to grow at 4.6% CAGR during the forecast period, owing to the growing use in sugar-free and low-calorie food products.

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Key Drivers and Emerging Trends

The global low intensity sweetener market is primarily driven by the rising healthcare expenditure, changing eating habits, and rising incidences of obesity and diabetes. Increasing adoption of low intensity sweeteners in the pharmaceutical industry as bodying agents and excipients in drugs and nutraceuticals is projected to expand the market growth. With the growing demand for healthy food items, the demand for low-calorie sweeteners has increased, owing to their ability to improve digestion and lower the high-cholesterol levels, driving the Low Intensity Sweeteners Market size.

Moreover, the solubility, sweetness level, molecular weight, and cooling effect makes the Low intensity sweeteners suitable for food processing, applications and frozen foods, which further bolsters the market growth. The ongoing advancements in technology has encouraged manufacturers to develop innovative product variants with enhanced quality and efficacy. The producers are emphasizing on attractive and unique promotional strategies to create awareness among consumers regarding the health benefits of the low-calorie sweeteners, projected to offer enormous opportunities to the market.

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Type – Segment Analysis

Allulose segment is anticipated to lead the market over the upcoming years, owing to the high solubility, mixability, and growth during the forecast period. Besides, allulose is low in calories and highly benefits people with diabetes and obesity, propelling the segment’s growth. According to the Food and Drug Administration (FDA), allulose provides nearly 0.4 calories per gram (g), which is significantly lower than the 4 calories per gm in sugar.

Application – Segment Analysis

Food & beverages segment is estimated to hold a faster CAGR over the forthcoming years, owing to the growing health awareness among consumers regarding the benefits of reduced sugar in food & beverage industry. On the other hand, pharmaceutical and personal care products segment is estimated to dominate the market over the upcoming years, owing to their remarkable functional properties such as workability, spreading capacity, and good softness, has bolstered their demand in pharmaceutical and personal care product applications.

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Regional – Segment Analysis

Asia Pacific is predicted to hold the largest share over the upcoming years, owing the rapidly accelerating urban population. Moreover, increasing cases of diabetes, obesity, and other health issues, rising income and purchasing power are some other factors driving the low-intensity sweetener growth. Further, increasing inclination of consumers toward healthy food products and convenience foods will add to the regional growth.

Top Market Players:

Some of the key players operating in the Low Intensity Sweeteners market includes Anderson Advanced Ingredients, Tate & Lyle, Matsutani Chemical Industry Co., Ltd., Sweeteners Plus, Fooding Group Limited, Foodchem International Corporation, Apura Ingredients, Icon Foods, Samyang Corporation, Bonumose Inc., and among others.

Key Developments:

• • In 2021, Tate & Lyle has announced its expansion of Dolcia Prima Allulose. The expansion will help manufacturers to increase the number of retail products.
  • In 2021, Tate & Lyle decided to strengthen its partnership with Codexis (US), a major protein engineering company. This move is intended to expand the production of Tate & Lyle’s newest sweeteners, DOLCIA PRIMA Allulose and TASTEVA M Stevia Sweetener. Codexis’ latest enzyme products, produced in collaboration with Tate & Lyle’s experts, allowing additional production efficiencies.
  • In 2020, Samyang Corporation’s Allulose decided to strengthen its market position, with increasing inclination among healthy food options during the COVID-19 pandemic. The company decided to expand the applicability of its specialty sweetener product, Allulose, depending upon the guilt-free product trend in the market.
  • In 2020, Tate & Lyle, a food & beverage solution, has launched a Sweetener Vantage Expert system. It is designed to help formulators to create sugar-reduced food and drink using low calories sweeteners.

Segments covered in the Report:

The Low Intensity Sweeteners Market has been segmented based on Type, Application, and region. Based on type, the market is segmented into Sorbitol, Maltitol, Xylitol, D-tagatose, Erythritol, Mannitol, Allulose. Based on application, market is segmented into Food & Beverages, Pharmaceuticals.

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Key questions answered in this research report:

• • At what pace is global low intensity sweeteners market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in low intensity sweeteners Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global low intensity sweeteners market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What is the various application area of global low intensity sweeteners Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Low Intensity Sweeteners Market by Type

• • Sorbitol
  • Maltitol
  • Xylitol
  • D-tagatose
  • Erythritol
  • Mannitol
  • Allulose

Global Low Intensity Sweeteners Market by Application

• • Food & Beverages
  • Pharmaceuticals

Global Low Intensity Sweeteners Market by Region

• • North America Low Intensity Sweeteners Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Low Intensity Sweeteners Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Low Intensity Sweeteners Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Low Intensity Sweeteners Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Low Intensity Sweeteners market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Anderson Advanced Ingredients
  • Tate & Lyle
  • Matsutani Chemical Industry Co., Ltd.
  • Sweeteners Plus
  • Fooding Group Limited
  • Foodchem International Corporation
  • Apura Ingredients
  • Icon Foods
  • Samyang Corporation
  • Bonumose Inc.