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Thursday, April 13, 2023

Lucintel Forecasts Sweetener in the Global Food Additive Market to Reach $23 Billion by 2028

According to the recent study the sweetener in the global food additive market is projected to reach an estimated $23 billion by 2028 from $18.5 billion in 2023, at a CAGR of 4.5% from 2023 to 2028. Growth in this market is primarily driven by increasing disposable income and rising demand for processed and packaged foods in the developed and developing regions.

A more than 150-page report is developed to understand trends, opportunities and forecast in sweetener in the global food additive market by product type (sucrose, starch sweeteners and sugar alcohols, and high-intensity sweeteners), application (bakery & confectionery, beverages, dairy & frozen products, and poultry & sea food products), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/sweetener-in-food-additive-market.aspx

“Sucrose market is expected to remain the largest segment during the forecast period.”

Based on product type, the sweetener in the global food additive market is segmented into sucrose, starch sweeteners and sugar alcohols, and high-intensity sweeteners. Lucintel forecasts that the sucrose market is expected to remain the largest segment as consumption of these sweetener has 11% less risk of having type 2 diabetes than those who consumes the least. 

“Within the sweetener in the global food additive market, the bakery & confectionery segment is expected to remain the largest application.”

Based on application the bakery & confectionery segment is expected to witness the highest growth over the forecast period due to increasing demand of natural and organic ingredients, such as stevia, which is mostly adopted by bakery and confectionery producers.

“Asia pacific will dominate the sweetener in the global food additive market in near future.”

Asia Pacific is expected to remain the largest region during the forecast period due to increasing consumption of sugar-enriched food and beverages products and market players are focusing on research and development so as to innovate new type of sweeteners.

Download Brochure of this report by clicking on https://www.lucintel.com/sweetener-in-food-additive-market.aspx.

Major players of sweetener in the global food additive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. E.I. DuPont, Archer Daniels Midland, Ingredion Incorporated, Ajinomoto Co., Tereos SA, S &W Seed Company, Celenaese Corp, and Tate & Lyle are among the major sweetener in the global food additive providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/sweetener-in-food-additive-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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