Russia Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

Russia Food Sweetener Market is projected to grow at a CAGR of 5.12% during the forecast period (2020-2025).

• More than 70% of the market share in the European food sweetener market is held by sugar. The food sweetener market is majorly affected by the volatility in prices, trade, consumer habits and regulation in the European region.
• Currently, the consumption of sugar substitutes is increasing rapidly in Russia. This is attributed to consumer awareness, government regulation to reduce sugar consumption and application in many health & wellness food products in the market.

Scope of the Report

Russia Food Sweetener Market is segmented by Product Type and application. On the basis of product type, the market is segmented into Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, High-Intensity Sweeteners (HIS). On the basis of application, the market is segmented into Dairy, Bakery, Soups, Sauces and Dressings, Confectionery, Beverages, Others.

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Key Market Trends

Increasing Demand for Food Sweetener from Emerging Countries

The majority of countries with high absolute consumption of sugar falls in the emerging economies category, and consequently, these nations have a high burden of lifestyle diseases as pointed by the World Health Organization (WHO). Consumption of high-intensity sweeteners in the United States, Canada, Western Europe, and Japan is expected to grow at lower rates, as the diet beverages market, the largest application sector, has matured. However, the demand in developing economies is expected to increase during the forecast period. Overall, the huge demand for food has led the entire value chain in developing countries to open markets for food sweeteners and new introductions from foreign players, driving the demand for food sweeteners.

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