Non Sugar Sweeteners Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Artificial Non-Sugar Sweeteners, Natural Non- Sugar Sweeteners, Sugar Alcohols, Novel Sweeteners), By Application (Beverages, Food Products), And By Geography - Forecasts From 2023 To 2028

The global non-sugar sweeteners market is anticipated to witness a CAGR of 5.68% during the forecast period to reach a total market size of US$23.639 billion by 2024, increasing from US$18.968 billion in 2018. The major factors driving the demand for non-sugar sweeteners are changing eating habits, increasing the prevalence of diabetes, and rising health concerns around the world. Increasing awareness regarding the harmful effects of sugar intake such as lowering of cognitive abilities, inflammations, and blood pressure among others, are driving the demand for non-sugar sweeteners. The Asia Pacific held a significant market share in 2018 owing to the growing population and increasing health awareness in the region.

Various macroeconomic factors responsible for the expansion of the global non-sugar sweetener market are increasing disposable income, and a high rate of urbanization are the key factors responsible for growing adoption and affordability of non-sugar sweeteners. The global non-sugar sweetener market is divided into various segments on the basis of type, application, and geographic regions. However, various factors expected to hinder the non-sugar sweetener growth during the forecast period are high cost and the potential for negative health effects.     

This research study examines the current market trends related to demand, supply, and sales, in addition to the SWOT Analysis. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.

Major industry players profiled as part of the report are Zydus Wellness, The NutraSweet Company, Cargill, Incorporated, Celanese Corporation, Heartland Food Products Group, and Merisant Company among others.

Segmentation

The non-sugar sweeteners market has been analyzed through the following segments:

• By Type

• Artificial Non-Sugar Sweeteners
• Natural Non- Sugar Sweeteners
• Sugar Alcohols
• Novel Sweeteners

• By Application

• Beverages
• Food Products

• By Geography

• North America

• U.S.
• Canada
• Mexico
• Others

• South America

• Brazil
• Argentina
• Others

• Europe

• United Kingdom
• France
• Germany
• Spain
• Others

• Middle East and Africa

• United Arab Emirates
• Israel
• Saudi Arabia
• Others

• Asia Pacific

• China
• India
• Japan
• South Korea
• Others