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 United States low sweeteners market. In addition, complete analysis of changes on the United States 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, United States 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 United States 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 low sweeteners in several food & beverage applications are some of the key factor for growth of market. Likewise rise in obesity population has certainly boosted the growth of the market. Changing lifestyle and health consciousness among population has create rising demand for United States 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.
The market is anticipated to have rising new growth opportunities with rise in investment in R&D activities by the manufacturer to develop innovative and safer low sweeteners. Recent consumer trends involve a demand for reduced sugar, low-calorie, and organic & all-natural ingredient-based products, due to the several health benefits offered which in turn has support for the production of precise low sweeteners market. With the increasing health awareness, customers are now shifting towards healthier choices with respect to the consumption of numerous food & beverage products. Likewise, growth and diversification of United States low sweeteners market application like food, beverages and pharmaceutical & personal care products is expected to create new market opportunity during the projection period.
The United States low sweeteners market is anticipated to have some of the market restraint like higher cost of production, ambiguity related to health problems due to the consumption of low sweeteners among others. Besides, 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. 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 United States low sweeteners is expected to be major growth challenge for the market.
The report provides in-depth analysis of United States low 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 United States 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 United States low sweeteners market comprises of different market segment like Type, Form and Applications.
By type, the United States low sweeteners market includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol, and allulose. The sorbitol segment is leading segment in the United States market for low sweeteners which is driven by various factor like its increasing usage low calorie sweetener in different confectionery, candies, baked goods, diabetic jams, and nutritional bars, among others. Besides, the sorbitol comprises of 2.6 calories per gram that can indeed is used as low calorie sweetener. The increasing usage of sorbitol in different application is expected to create ample of new growth opportunity for the market. Similarly, allulose followed by xylitol is anticipated to witness growth at highest pace over the estimated time period.
The United States Low sweeteners market is significantly studied for key form like dry and liquid. Dry is anticipated to dominate in the United States low sweeteners market from 2022 to 2028. The major factor contributing in the segment growth is increasing usage of dry sweetener as a replacement to raw or liquid sweetener effectively and efficiently. These mostly come in powdered form depending on the applications. The dry powered furthermore is present in crystallization properties, molecular weight and solubility these dry form is expected to witness growth at highest pace over the forecast period. Likewise, liquid form is expected to have growing demand in market during the estimated time period.
The United States 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. In United States, food application has gained majority of market share in 2021 and is likely to maintenance its dominance over the estimated time period. The increasing consumer demand for various food products however with low caloric content in products has increased the adoption of low sweeteners among manufacturer to produce the 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. This factor is expected to drive the market at rapid pace over the forecast period.
The competitive landscape analysis of United States 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.
December 2020: Whole Earth Brands, Inc. had announced the agreement to acquire all of the issued and outstanding capital stock of WSO Investment Inc., the holding company for Wholesome sweeteners incorporated, #1 organic sweetener brand in North America
July 2020: Whole Earth Brands Inc. had launched the new Whole Earth allulose baking blends. The launch is latest for Whole Earth, a brand that meet the needs of consumer looking to reduce or eliminate sugar from their diets. As more consumers turn to home baking for comfort, the Whole Earth is with these plant based, zero- calorie and sugar free baking solutions.
March 2020: SAVANNA Ingredients GmbH has announced that low-caloric sugar allulose obtained a self-affirmed generally recognized as safe (GRAS) status in the United States of America.
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 United States low sweetener market. The United States low sweeteners market comprises of different market segment like type, form, applications. By type, the United States Low sweeteners includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol , allulose. The sorbitol segment is expected to gained majority of market share over the estimated time period. The United States Low sweeteners market is significantly studied for key form like dry and liquid. Dry is anticipated to dominate in the United States low sweeteners market from 2022 to 2028. The United States 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. In United States, food application has gained majority of market share in 2021 and is likely to maintenance its dominance over the estimated time period.
1) What are the drivers for United States Low Sweeteners market?
The key driving factors of the market are rise in demand for United States low sweeteners in various food & beverage applications and growing consumer inclination towards low calorie food.
2) Which form is gaining majority of market share during the forecast period (2021-2028)?
Dry is expected to gain major market share during the forecast period (2021-2028).
3) Which is the leading application segment for United States 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.
