Asia-Pacific Plant-derived and Synthetic Sugar Market, By Type (Plant-Derived Sugar and Synthetic Sugar), Form (Dry and Liquid), Application (Food and Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, and Others) Industry Trends and Forecast to 2029.
Asia-Pacific Plant-Derived and Synthetic Sugar Market Analysis and Size
The Asia-Pacific plant-derived and synthetic sugar market is driven by the numerous benefits they offer to companies and employees. The plant-derived and synthetic sugar market is also driven by increased demand for healthy food ingredients in the food and beverage industry. People's awareness of natural sweeteners puts manufacturers' demand to supply natural sweeteners. It ultimately acts as a driver for the growth of the market. Consumers are increasingly looking for foods that are minimal in calories, fat, sodium, and added sugars as part of a growing trend toward healthy eating. Manufacturers of artificial and plant-derived sugar can take advantage of this opportunity to enter this expanding market. However, the high cost of plant-derived sugar compared to regular sugar is one of the main restraining factors limiting the market's growth.
Data Bridge Market Research analyses that the Asia-Pacific plant-derived and synthetic sugar market is expected to reach a USD 31.333.39 million by 2029, at a CAGR of 3.5% during the forecast period.
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Report Metric
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Details
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Forecast Period
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2020 to 2029
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Base Year
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2021
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Historic Year
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2020 (Customizable to 2019 - 2015)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By 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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China, India, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Indonesia, Singapore, Taiwan, Vietnam, Philippines, Rest of Asia-Pacific.
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Market Players Covered
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ADM, Cargill, Incorporated, Ingredion Incorporated, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW Foods, Roquette Frères, Tate & Lyle, Hermes Sweeteners Ltd., Südzucker AG, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, JK Sucralose Inc.
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Market Definition
A product that is used to sweeten food is sugar. Sugar from plants is known as "plant-derived sugar," It is utilized in various sectors, including those that produce animal feed, beverages, biofuels, food, cosmetics, and pharmaceuticals. In the food, beverage, pharmaceutical, and other industries, synthetic sugar is a form of sugar manufactured chemically by the chemical industry. Due to their health advantages, goods made of sugar from plants and synthetic sources are widely employed in the food sector. The most popular and essential components in the worldwide food and beverage business are plant-derived and synthetic sugars, which alter the taste and improve the palatability of finished goods. Because they give the body rapid energy enrichment, the demand for these sugars has grown dramatically. It is anticipated that the artificial sweetener market will steadily expand worldwide. However, as consumers become more aware of the health dangers of artificial sweeteners, the demand for natural substitutes like synthetic and plant-derived sugar is rising.
Asia-Pacific Plant-Derived and Synthetic Sugar Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers:
- Rise in the demand for healthy food ingredients in the food and beverage sector
Many people prefer to include natural ingredients in daily diets. Natural ingredients are becoming increasingly important in the food and beverage business, and consumers and producers are turning to them. Consequently, using natural ingredients in the food and beverage business is increasing the demand for sugar from plants. Customers are looking for a healthy alternative to sugar. Several plant-derived sugar alternatives are on the market, including stevia, Yacon Syrup, Xylitol, Erythritol, Coconut Sugar, and Maple Syrup. A stevia is a good option for diabetic patients who prefer sugar substitutes with no calories. Since stevia contains no calories and has no adverse health consequences, its demand is rising. Xylitol, derived from corn and also present in many fruits and vegetables, is another plant-based sugar.
The market for plant-derived sugar is also flourishing due to continuous culinary trends and technological advancements in the food and beverage sectors. Consumers choose food ingredients with the fewest synthetic chemicals and preservatives. This gradual increasing demand for healthy food ingredients fuels the Asia-Pacific market for sugars made from plants.
- Wide application of plant-derived and synthetic sugar in various Asia-Pacific industries
Plant derived and synthetic sugar has immense potential to be used in food and beverages, pharmaceutical, biofuel, cosmetics, and others. Hybrid sugarcane (Saccharum spp.) has enormous potential as a significant Asia-Pacific feedstock for biofuel generation. Due to its outstanding ability to produce biomass, high carbohydrate (sugar + fibre) content, and a favourable energy input/output ratio, it is regarded as one of the finest possibilities for creating biofuels. It is essential to develop enhanced sugarcane cultivars with superior biomass degradability to increase sugarcane biomass's conversion into biofuels. In addition to flavor and texture in food and beverages, sugar is a pharmaceutical excipient used in tablets and capsules to enhance appearance, portability, and texture. Sugar is also becoming increasingly popular in natural cosmetics. It's amazing how much sugar is used in skincare products. It's a healthy, natural chemical that has numerous skin-friendly properties.
OPPORTUNITY
- EXPANSION AND NEW PRODUCT LAUNCHES IN THIS INDUSTRY
As an alternative to sugar, artificial sweeteners are becoming more and more common. The prevalence of obesity, diabetes, and metabolic syndrome has increased. This, combined with increased consumer knowledge, has resulted in a continuous paradigm change favoring artificial sweeteners with few calories. These artificial sweeteners, non-nutritive sweeteners (NNS), low-calorie sweeteners, and intense sweeteners deliver more sweetness per gram while having zero or a few calories. They are used in beverages, nutritional supplements, medications, and mouthwashes. These are used by both obese and lean people, diabetics and non-diabetics, adults, and children, and their general use is a result of intensive marketing and raised health awareness. They give those who want to reduce their calorie intake and increase the palatability of their diet more food options. Due to the increasing applicability of these artificial sweeteners, companies are releasing many more new product launches and developing or expanding the company.
RESTRAINT/CHALLENGE
- High costs of plant-derived sugar and synthetic sugar
Compared to ordinary sugar, the cost of plant-derived and synthetic sugars is exceptionally high. This high-cost results from the high cost of the raw materials and production methods used to create natural and artificial sugars. The price of plant-derived and synthetic sugars is greatly affected by changes in raw material costs. Therefore, businesses continue to charge prices that maximize their profits.
This vast difference in costs between plant-derived & synthetic sugars and regular sugar will propel the consumer to purchase regular sugar more than plant-derived & synthetic sugars. One of the main factors limiting the growth of the worldwide plant-derived sugar market is the high cost of plant-derived sugar compared to regular sugar.
Post-COVID-19 Impact on Asia-Pacific Plant-Derived and Synthetic Sugar Market
Post the pandemic, the demand for sugar products has increased as there won't be any more restrictions on movement; hence, the supply of products would be easy. In addition, the growing trend of plant based sugar substitute for table sugar and the increased demand of plant based sugar ingredient in nutrition and food processing industry after the coronavirus outbreak are expected to drive the market's growth.
The increased demand for plant derived sugar like stevia enables manufacturers to launch new healthy sugar substitute as ingredient in nutritional food & beverages, ultimately increasing the demand for sugar additives, which has helped the market grow.
Recent Development
- In August 2021, The JK Sucralose Inc. develop the new kajukatali the famous Indian sweet item by using the high intensity sweetener and bulking agent. The intention of new product is to make it suitable for diabetic patient by avoiding high sugar content. The demand for sugar free product is increasing with health awareness and healthy food preference by consumer. The company can capture this trend with its new product and will get profit from new product launch.
Asia-Pacific Plant-Derived and Synthetic Sugar Market Scope
Asia-Pacific plant-derived and synthetic sugar market is segmented three notable segments based on type, application, and form. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Plant-derived Sugar
- Synthetic Sugar
On the basis of type, Asia-Pacific plant-derived and synthetic sugar market is segmented into plant-derived sugar and synthetic sugar.
Form
- Dry
- Liquid
On the basis of form, Asia-Pacific plant-derived and synthetic sugar market is segmented into dry and liquid.
Application
- Food and beverages
- Dietary supplements
- Pharmaceutical
- Sport nutrition
- Others
On the basis of Application, Asia-Pacific plant-derived and synthetic sugar market is segmented into food and beverages, dietary supplements, pharmaceutical, sport nutrition, and others.
Asia-Pacific Plant-Derived and Synthetic Sugar Market Regional Analysis/Insights
The Asia-Pacific plant-derived and synthetic sugar market is analyzed and market size insights and trends are provided by country on type, application, and form, as referenced above.
The countries covered in the Asia-Pacific plant-derived and synthetic sugar market report are China, India, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Indonesia, Vietnam, Singapore, Taiwan, Philippines, and rest of Asia-Pacific.
India is dominating the Asia-Pacific plant-derived and synthetic sugar market. Expiations in online retail and distribution channels will help to get high demand worldwide is the major reason for the growth of Asia-Pacific plant-derived and synthetic sugar market. However, high cost of excellent raw materials likely to restrict the growth of market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Plant-Derived and Synthetic Sugar Market Share Analysis
The Asia-Pacific plant-derived and synthetic sugar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the Asia-Pacific plant-derived and synthetic sugar market.
Some of the major players operating in the Asia-Pacific plant-derived and synthetic sugar market are ADM, Cargill, Incorporated, Ingredion Incorporated, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW Foods, Roquette Frères, Tate & Lyle, Hermes Sweeteners Ltd., Südzucker AG, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, JK Sucralose Inc.
Research Methodology: Asia-Pacific Plant-Derived and Synthetic Sugar Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Asia-Pacific versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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