The global for Sweetener safety Market is expected to reach USD 17.21 billion by 2021 and experience a revenue CAGR of 4.5% throughout the forecast period. The growth of the market is driven by the preference of consumers for low-calorie and healthier foods, as well as an increase in obesity-related diseases such as cholesterol, diabetes, and cardiovascular diseases.
Erythritol are non-nutritive sweeteners that offer a low-calorie alternative to sugar. They are used by food manufacturers to create healthier food and beverage products. Despite having similar effects to sugar, Erythritol have fewer calories. Low-calorie sweeteners provide sweetness without the added calories and have a better sweetening effect per gram than sugar. A wide variety of foods and beverages, including frozen desserts, gum, gelatins, candy, yogurt, baked goods, breakfast cereals, and pudding, contain low-calorie sweeteners.
The use of Erythritol in food and beverage products has become increasingly popular due to the emphasis on health, body image, and appearance. The growth of the global sugar substitute market can be attributed to the increase in public awareness regarding health issues and the preference for healthier foods. According to a survey, around 60% of the adult population in India is conscious of their lifestyles. Many food and beverage product manufacturers have also incorporated Erythritol into their products to reduce the sugar content, which encourages weight loss and prevents the buildup of fat, thereby reducing the risk of heart diseases.
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Market Overview:
Several factors drive the global consumer goods market’s revenue growth, including the rapid increase of the global population, the increasing demand for food and other essential goods, including healthcare and nutrition, personal care and hygiene, and electronic products, changes in consumer lifestyles and preferences, increases in the demand for packaged and processed food and beverage products, and an increasing population of working people. Among the factors driving revenue growth for the global consumer goods market are technological advances in product manufacturing and packaging techniques, as well as the rapid adoption of innovative technologies such as artificial intelligence, the Internet of Things, big data analytics, and robotics and automation. Other key factors driving global consumer goods market revenue growth include increasing awareness that plastic packaging has adverse environmental effects and a growing need for environmentally friendly and sustainable packaging solutions. A growing income level of consumers worldwide, particularly in developing economies such as India, and stringent government regulations and guidelines for product safety and quality are factors that are set to boost market revenue growth further.
Key Players covered in this report are
DuPont Nutrition Biosciences APS, Tate & Lyle PLC, Cargill, Inc., Archer-Daniels-Midland Company, Ingredion, Inc., Roquette Freres SA, Ajinomoto Co., Inc., HSWT France SAS, PureCircle Limited, and The NutraSweet Company.
Origin Outlook (Revenue, USD Billion; 2019–2030)
- Artificial
- Natural
Category Outlook (Revenue, USD Billion; 2019–2030)
- High Intensity
- Low Intensity
- High Fructose Sugar Syrup
Product Outlook (Revenue, USD Billion; 2019–2030)
- Stevia
- Sugar alcohol
- Aspartame
- Cyclamate
- Sucralose
- Saccharine
- ACE-K
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Food
- Confectionery
- Baked Goods
- Condiments
- Dairy and Frozen goods
- Yogurt
- Ice creams
- Others
- Beverages
- Fruit Juices and Zero Calorie Drinks
- Carbonated Soft Drinks (CSD)
- Functional Drinks
- Smoothies
- Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Food and Beverages
- Tabletop (Direct Consumers)
- Hospitality
- Hotels and Restaurants
- Cruise lines
- Air lines
- Fast Food Centers
- Others
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