Plant-derived and synthetic sugar have immense potential to be used in a variety of industries, including food and beverages, pharmaceuticals, biofuels, and cosmetics. In the food and beverage industry, plant-derived and synthetic sugar can be used as a sweetener, preservative, and texturizer. They can also be used to create new and innovative flavors. In the pharmaceutical industry, plant-derived and synthetic sugar can be used as a coating for tablets and capsules, as a flavoring agent, and as a bulking agent. In the biofuel industry, plant-derived sugar can be used to produce ethanol, a renewable fuel. Hybrid sugarcane (Saccharum spp.) is a promising feedstock for biofuel production because it has a high biomass yield and a high sugar content. Plant-derived and synthetic sugar can be used as a humectant, exfoliant, and preservative in the cosmetics industry.
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Data Bridge Market Research analyses that the Plant-Derived and Synthetic Sugar Market was valued at USD 59,515.68 million in 2021 and is expected to reach the value of USD 77,167.42 million by 2029, at a CAGR of 3.30% during the forecast period of 2022 to 2029. Rising income levels are driving a growing trend towards luxury goods made with high-quality materials such as sugar derived from plants and synthetic sugar. As part of a growing trend towards healthy eating, consumers are increasingly looking for foods that are low in calories, fat, sodium, and added sugars. Manufacturers of artificial and plant-derived sugar might seize this chance to enter this growing market.
Growing demand for healthy food is expected to drive the market's growth rate
Consumers are increasingly looking for food and beverages that are low in sugar and calories. Plant-derived and synthetic sugars are a good alternative to regular sugar because they are often lower in calories and have other health benefits, such as being low on the glycemic index. Consumers are becoming more aware of the health risks associated with consuming too much sugar. This drives the demand for plant-derived and synthetic sugars, often perceived as being healthier than regular sugar. There is a growing availability of plant-derived and synthetic sugars in the market. This is due to the increasing research and development in the field of food science and technology.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Plant-Derived Sugar and Synthetic Sugar), Form (Dry and Liquid), Application (Food and Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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ADM (U.S.), Cargill, Incorporated (U.S.), Ingredion (U.S.), Ajinomoto Co., Inc. (Japan), BENEO (Germany), DuPont (U.S.), Mafco Worldwide LLC (U.S.), NOW Foods (U.S.), Roquette Frères (France), NutraSweet Co (U.S.), Tate & Lyle (U.K.), PYURE BRANDS LLC (U.S.), Hermes Sweeteners Ltd. (Switzerland), Südzucker AG (Germany), Layn Corp. (China), WILMAR INTERNATIONAL LTD (Singapore), Celanese Corporation (U.S.), Grupo PSA (France), and JK Sucralose Inc. (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The global plant-derived and synthetic sugar market is segmented into three notable segments based on type, form, and application.
- Based on type, the market is segmented into plant derived sugar, and synthetic sugar. Plant derived sugar segment is expected to dominate the market with a market share of 64.64% due to the increasing applications of plant derived sugar in various industries.
- Based on form, the market is segmented into dry and liquid. Dry segment is expected to dominate the market with a market share of 60.01% due to the more adaptable and readily available form.
The dry segment will dominate the form segment of the plant-derived and synthetic sugar market
The dry segment will emerge as the dominating segment form segment. This is because of the growing number of food & beverages processing industries in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- Based on application, the market is segmented into food & beverages, dietary supplements, pharmaceutical, sports nutrition, and others. Food & beverages segment is expected to dominate the market with a market share of 41.96% due to the increased demand for natural food ingredients due to growing health consciousness.
The food & beverages segment will dominate the application segment of the plant-derived and synthetic sugar market
The food & beverages segment will emerge as the dominating segment under application. This is because of the growing number of infrastructural development activities in the market, especially in the developing economies. Further, the growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: ADM (U.S.), Cargill, Incorporated (U.S.), Ingredion (U.S.), Ajinomoto Co., Inc. (Japan), BENEO (Germany), DuPont (U.S.), Mafco Worldwide LLC (U.S.), NOW Foods (U.S.), Roquette Frères (France), NutraSweet Co (U.S.), Tate & Lyle (U.K.), PYURE BRANDS LLC (U.S.), Hermes Sweeteners Ltd. (Switzerland), Südzucker AG (Germany), Layn Corp. (China), WILMAR INTERNATIONAL LTD (Singapore), Celanese Corporation (U.S.), Grupo PSA (France), and JK Sucralose Inc. (India).
Market Development
- In 2022, Ajinomoto merged its two subsidiaries, Ajinomoto Animal Nutrition and Ajinomoto Health Nutrition, in October to form a separate company. This will help the company expand its food and beverage ingredient market by offering a wider range of solutions and ingredients for animal nutrition.
- In 2022, International Flavors & Fragrances (IFF) acquired Health Wright Products in February. Health Wright Products is a global leader in consumer health and nutrition, providing the highest-quality nutritional supplements. This acquisition will allow IFF to expand its Health & Biosciences probiotics, natural extracts, and botanicals businesses by bringing formulation and finished format capabilities to these businesses. Through joint capabilities, IFF will innovate in custom formulation and combination products.
- In 2021, NutraSweet Natural, a plant-based pure tasting sweetener with zero calories, was launched in April. This product is mainly targeting the new generation that demands no calories. The launch of NutraSweet Natural has helped the company develop by reaching a new target audience.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
North America is the dominant region in the plant-derived and synthetic sugar market during the forecast period 2022-2029
North America dominates the plant-derived and synthetic sugar market. The growth of the market in North America is attributed to the increasing demand for low-calorie and sugar-free foods and beverages, the growing awareness of the health benefits of natural sweeteners, and the rising disposable incomes of consumers.
Asia-Pacific is estimated to be the fastest-growing region in the plant-derived and synthetic sugar market in the forecast period 2022-2029
Asia-Pacific plant-derived and synthetic sugar market is expected to grow at the fastest rate during the forecast period. The growth of the market in Asia-Pacific is attributed to the rising disposable incomes of consumers, the increasing demand for low-calorie and sugar-free foods and beverages, and the growing awareness of the health benefits of natural sweeteners.
For more detailed information about the plant-derived and synthetic sugar market report, click here – https://www.databridgemarketresearch.com/jp/reports/global-plant-derived-sugar-and-synthetic-sugar-market
