Sugar substitutes known as table top sweeteners are frequently used to sweeten foods, drinks, and desserts without adding extra calories. They can be found in a variety of forms, including stevia and monk fruit extract as well as artificial sweeteners like aspartame, saccharin, and sucralose. In order to accommodate people with dietary restrictions or those wishing to cut back on their sugar intake, these sweeteners offer a sweet flavor. They provide a practical and calorie-efficient way to add sweetness to a variety of consumable goods.
According to Data Bridge Market Research, Table Top Sweeteners Market is valued at USD 2.3 billion in 2021 and is expected to reach the value of USD 4.72 billion by 2029, at a CAGR of 9.40% during the forecast period of 2022-2029.
“Increasing health consciousness surge market demand"
Increasing health consciousness among consumers is a major driver for the table top sweeteners market. With rising awareness of the detrimental effects of excessive sugar intake, individuals are actively seeking healthier alternatives. Table top sweeteners, which offer low-calorie or zero-calorie options, provide a way for health-conscious individuals to satisfy their sweet cravings without compromising their dietary goals. This trend is driving the demand for table top sweeteners as consumers prioritize their health and well-being.
What restraints the growth of the table top sweeteners market?
“Perception and taste preferences can impede the market growth”
Perception and taste preferences can act as a restraint for the table top sweeteners market. Some consumers have a preference for natural sugar and may find the taste of table top sweeteners to be different or artificial. This can create a barrier to their acceptance and adoption, particularly among individuals who are more traditional or resistant to change in their dietary habits. Overcoming this perception and addressing taste preferences becomes crucial in promoting the widespread use of table top sweeteners.
Segmentation: Global Table Top Sweeteners Market
The table top sweeteners market is segmented on the basis of type, product, and applications.
- On the basis of type, the table top sweeteners market is segmented into saccharin, aspartame, acesulfame potassium (Ace-K), sucralose, neotame, advantame, steviol glycosides luo han guo fruits extracts (monk fruit)
- On the basis of product, the table top sweeteners market is segmented into natural, artificial
- On the basis of applications, the table top sweeteners market is segmented into online retail, and offline retail.
Regional Insights: North America dominates the global table top sweeteners market
North America holds a significant share in the table top sweeteners market due to several factors. The region is home to key market players who drive innovation and product development. Considerable investments in research and development have led to technologically advanced manufacturing methods. Additionally, the availability of raw materials in the area further supports market growth. The rising usage of table top sweeteners in the pharmaceutical and food and beverage industries has contributed to the dominant market position of North America in the table top sweeteners market.
The Asia Pacific region holds a significant share in the table top sweeteners market, with China leading the market due to the presence of key companies and its large population. However, India is emerging as the fastest-growing market, driven by the adoption of innovative manufacturing techniques and the increasing disposable income levels of consumers. The growing consumer base, coupled with rising awareness about low-calorie alternatives, is fueling the demand for table top sweeteners in the region's market.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-table-top-sweeteners-market
Recent Developments in Global Table Top Sweeteners Market
- In 2019, ADM and Aston Foods (Russia) established a joint venture for sweeteners and starches in Russia. This helped the business enter the Russian market for natural sweeteners.
- In 2020,The VANTAGE sweetener solution design tools will be made available by Tate & Lyle. It is a collection of brand-new, cutting-edge sweetener solution design tools and a training program for making low-calorie, sugar-reduced foods and beverages.
The Prominent Key Players Operating in the Global Table Top Sweeteners Market Include:
- DuPont (U.S.)
- ADM (U.S.)
- Tate & Lyle (U.K.)
- Ingredion Incorporated (U.S.)
- Cargill Incorporated (U.S.)
- Roquette Frères (France)
- PureCircle Ltd (U.S.)
- MacAndrews & Forbes Holdings Inc. (U.S.)
- JK Sucralose Inc. (China)
- Ajinomoto Co. Inc. (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of global table top sweeteners market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Table Top Sweeteners Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
