Market Size of Low-Calorie Sweeteners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Low-Calorie Sweeteners Market Analysis
The low-calorie sweeteners market is projected to register a CAGR of 6.0% over the next five years.
Sugar reduction practice has become a common trend among consumers focusing on their dietary shift leading to general wellness and health. Reducing sugar has become a top health priority, particularly among consumers looking to manage their weight. This is increasing the demand for low-calorie sweeteners in the market. Thus, manufacturers are focusing on offering low-calorie sweeteners; for instance, in April 2021, Cargill and DSM launched Eversweet, a non-artificial, zero-calorie sweetener, through its joint venture Avansya which offers natural and healthy sweetening solutions. Moreover, in 2018, FDA approved saccharin sweeteners for use in food across the United States as non-nutritive sweeteners that include brands such as Sweet and Low, Sweet Twin, Sweet'N Low, and Necta Sweet. This benefited the US low-calorie sweeteners market, and exporters around the world are targeting the market.
There is high consumption of beverages with added sugar among American consumers, giving rise to health problems including obesity, diabetes, and heart diseases. Moreover, according to the International Diabetes Federation 2021, the North American and Caribbean regions had a large number of children and adolescents with type 1 diabetes, with around 193,000 in total. Thus, owing to growing diabetic consumers in the region, low-calorie sweeteners are expected to see significant growth over the forecast period.
