The global plant-based sweeteners market size was USD 2.98 Billion in 2021 and is expected to register a revenue CAGR of 6.02% during the forecast period, according to the latest analysis by Emergen Research. Growing health consciousness and awareness about artificial sweeteners among consumers are major factors projected to support market revenue growth between 2021 and 2030. Demand for plant-based sweeteners has increased due to rising consumption of plant-based natural products, global ongoing food trends, and product advancements in the food & beverage industry. Moreover, rising product launches from major companies is also driving revenue growth of the market. For example, ADM’s next-generation stevia extraction and purification technology, SweetRight Edge offers a superior flavor profile while reducing the need for maskers. With 15% more sweetness than traditional steviol glycosides, this novel technique enables the company to maximize glycosides for outstanding flavor while eliminating undesirable qualities such as bitterness and astringency.
The study aims to provide a forecast of the growth of the Plant Based Sweeteners market by examining the market size, share, demand, trends, and gross revenue of the industry. The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Plant Based Sweeteners market for the forecast period, 2020 - 2027.
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Key companies operating in the Plant Based Sweeteners market include:
Cargill Incorporated, Archer Daniels Midland Company (ADM), Ingredion, DuPont, Roquette Frères, Pyure Brands LLC., Steviahubindia, Fooditive Group, Foodchem International Corporation, Evolva, Wisdom Natural Brands, GLG Life Tech Corp., and MacAndrews & Forbes Incorporated
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Plant Based Sweeteners market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Plant Based Sweeteners Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Based on the product type, the Plant Based Sweeteners market is segmented into:
-
Type Outlook (Revenue, USD Billion; 2019–2030)
- Stevia
- Monk Fruit Sugar
- Sorbitol
- Xylitol
- Yacon
- Molasses
- Agave
- Lucuma Fruit Sugar
- Others
-
Form Outlook (Revenue, USD Billion; 2019–2030)
- Crystal
- Liquid
- Powder
-
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- E-commerce Stores
- Retail Stores
Plant Based Sweeteners Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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