Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America low sweeteners market. In addition, complete analysis of changes on the North America low sweeteners market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, North America Low sweeteners market was slightly affected due to supply chain distribution, which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
The North America Low sweeteners market is driven by increase in health consciousness among consumers, growing r&d activities to formulate and develop newer and advanced sweetening products and increase in demand for North America low sweeteners in several food & beverage applications are some of the key factor for growth of market. Changing lifestyle and health consciousness among population has create rising demand for North America low sweeteners in application products. With the adoption of market products it provide consumer to taste different food products without worrying about the calorie intake. This factor is expected to contribute healthy growth in the market. Likewise rise in obesity population has certainly boosted the growth of the market.
The market is expected to have growing new growth opportunities with rise in investment in R&D activities by the manufacturer to develop innovative and safer low sweeteners. In this market research and development plays a critical role for the production of products like sorbitol, maltitol, xylitol, allulose among others. The investment in research and development certainly support for the production of precise low sweeteners with low calorie content, and constituents. Likewise, growth and diversification of North America low sweeteners market application like food, beverages and pharmaceutical & personal care products is expected to create new market opportunity during the projection period.
The North America low sweeteners market is expected to have market restraints like higher cost of production, ambiguity related to health problems due to the consumption of low sweeteners among others. Also, number food products often have increasing requirement for imparting blend of sweetness with longer shelf life and higher cost of low intensity sweeteners production is likely to affect the market growth. For example, allulose which is rare sugar that naturally occurs in fruits. Thereby the cost of allulose can widely fluctuate depending on the price of these natural products. This factor is expected to create hurdler for the market growth during the forecast period.
The major growth challenge for the market is high cost of manufacturing in low sweeteners in the regional market. Likewise, stringent regulation and quality standard for North America low sweeteners is expected to be major growth challenge for the market.
The report provides in-depth analysis of North America sweeteners market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various North America low sweeteners in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The North America low sweeteners market comprises of different market segment like Type, Form, Application and Country.
By type, the North America Low sweeteners includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol , allulose. The sorbitol segment is likely to have growing demand in the market. The sorbitol is mostly derived from the wheat, potato, and is used as low calorie sweetener in different confectionery, candies, baked goods, diabetic jams, and nutritional bars, among others. It is used as a sweetener in food and beverage industry for increasing sweetness, shelf life, and freshness of food and beverage products. Likewise, allulose is anticipated to witness growth at fastest pace over the estimated time period.
The North America Low sweeteners market is significantly studied for key form like dry and liquid. Dry is anticipated to lead in the North America low sweeteners market from 2022 to 2028. The dry form is driven by various factor like the powdered formed is mostly used as a raw material in the food and beverage manufacturing processes. The various forms, such as dry powder serves several functional roles, comprising use as bulk sweeteners and sugar free carriers for flavours, colours and enzymes. Owing to the variety of crystallization properties, molecular weight, and solubility, they offer a wide range of applications in cold and frozen foods. With the higher demand for the products, dry form acts as effective yet convenient form for usage in different applications. Also, liquid form is expected to have growing demand in market during the estimated time period.
The North America low sweeteners market finds its major application in food, beverages, and pharmaceutical & personal care products. Food application is further sub-segmented into bakery products, confectioneries, dairy & frozen desserts, other food applications. Food application is expected to maintain its dominance over the estimated time period. The trends for food products with different taste at the time with low calorie in the products has certainly led the driving demand for North America low sweeteners market. Also, companies are focusing on catering to the rising demand for low-calorie products. Besides, health consciousness among obese population acts as growing new opportunity factor for market players. Likewise, pharmaceutical & personal care products is likely to have positive growth over the forecast period.
The North America Low sweeteners market is studied for the following countries including United States, Canada and Mexico. United States is expected to gain majority of market share in 2021 and expected to maintain its dominance over the estimated time period. The key factor propelling the market growth is specifically due to health food trend in country, as well as rising awareness for harmful effects of excessive sugar consumption has providing more opportunities for low-calorie sweeteners, especially in beverage, and bakery and dairy products. Also, Canada is likely to have growth in food and beverage at rapid pace with changing consumer preference, shifting trends to consumption of lower calorie sweetener in products has fuel the market demand. Likewise, Mexico is contributing healthy growth in the market during the estimated time period.
The competitive landscape analysis of North America low sweeteners market is majorly focused on expanding the market growth of low sweeteners with new product launches, partnership/ agreement and merger & acquisitions which has boosted the market growth at highest pace. Besides, presence of wide range of manufacturer operating in the market offers range of products in different application to fulfill the required demand has further contributed healthy growth in the market.
The key players studied in market are Ingredion Incorporated, ADM, Anderson Advanced Ingredients, Tate & Lyle, Roquette, Matsutani Chemical Industry Co., Ltd, Whole Earth Brands, CJ CheilJedang, Samyang Corporation, Daesang Corporation, Cargill, Hylen Co., Ltd, Sweeteners Plus, Fooding Group Limited, SAVANNA Ingredients GmbH, Foodchem International Corporation, Apura Ingredients, Inc , Saigon Nutri Food Co., Ltd , Icon Foods (Portland), Bonumose Inc. and zuChem among others.
March 2021: Bonumose, Inc. announced a strategic collaboration with NOVASEP for the development, design, fabrication, installation and start-up of a complete process line to produce High Purity Rare Sugars, including Tagatose and Allulose, in Virginia, USA.
March 2018: US based food ingredient manufacturer Archer Daniels Midland Company (ADM) has agreed to acquire 50% equity stake in the sweeteners and starches business of Russia’s Aston Foods and Food Ingredients (Aston).
Low sweetener is kind of sugar alternative or substitute which comprises less food energy than sugar based sweeteners making it zero calorie or low calorie sweetener. This low sweetener further help to maintain the insulin level unaffected after their ingestion. Changing consumer lifestyle, sedentary lifestyle, obesity population, increasing concern for low calorie food intake has boosted the growth and demand for North America low sweetener market. The North America low sweeteners market comprises of different market segment like type, form, application and country. By type, the North America low sweeteners includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol , allulose. The sorbitol segment is likely to have growing demand in the market. The market is significantly studied for key form like dry and liquid. Dry is anticipated to lead in the North America low sweeteners market from 2022 to 2028. The market finds its major application in food, beverages, and pharmaceutical & personal care products. Food application is further sub-segmented into bakery products, confectioneries, dairy & frozen desserts, other food applications. Food application is expected to maintain its dominance over the estimated time period. The North America Low sweeteners market is studied for the following countries including United States, Canada and Mexico.
1) What are the drivers for North America Low Sweeteners market?
The key driving factors of the market are rise in demand for North America low sweeteners in various food & beverage applications and growing consumer inclination towards low calorie food.
2) Which is the leading application segment for North America Low Sweeteners market?
Food application has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which country is gaining majority of market share during the forecast period (2021-2028)?
United States is expected to gain major market share during the forecast period (2021-2028).
