Market Size of Asia-Pacific Low-Calorie Sweeteners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.73 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Low-Calorie Sweeteners Market Analysis
The Asia-Pacific low-calorie sweeteners market is projected to witness a CAGR of 6.73% during the forecast period (2020 - 2025).
- As per the data released by the International Diabetes Federation in 2019, China at present is the country with the highest number of diabetics worldwide, with around 116 million people suffering from the disease. By the year 2045, it is predicted that India will have around 134 million people suffering from diabetes.
- Therefore, these two countries are expected to be the largest buyers for the low-calorie sweeteners not only in the Asia-Pacific region but also around the world. This growing usage opens the doors for greater positioning for low-calorie sweeteners as a functional product in terms of addressing other lifestyle diseases, such as obesity and cardiovascular disease too, which is prominent in the region too.
