North America Plant-Derived and Synthetic Sugar Market, By Type (Plant-Derived Sugar, Synthetic Sugar), Form (Dry, Liquid), Application (Food & Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, Others), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2029.
North America Plant-Derived and Synthetic Sugar Market Analysis and Insights
The North America plant-derived and synthetic sugar market are being driven by the numerous benefits they offer to both companies and employees. The market for plant-derived and synthetic sugar is also being driven by an increase in 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 North America plant-derived and synthetic sugar market will grow at a CAGR of 3.2% during the forecast period of 2022 to 2029.
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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 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, Synthetic Sugar), Form (Dry, Liquid), Application (Food & Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, Others).
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Regions Covered
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U.S., Canada and Mexico
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Market Players Covered
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ADM, Cargill, Incorporated, Ingredion, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW® Foods, Roquette Frères, NutraSweetM™ Co, Tate & Lyle, Pyure, Hermes Sweeteners Ltd., Südzucker AG, HSWT, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, Grupo PSA, JK Sucralose Inc.
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Market Definition
Plant-derived and Synthetic Sugar are products used for sweetening. Plant-derived sugar is defined as sugar that is taken straight from a plant source and sold to consumers unaltered. Synthetic sugars, on the other hand, are made indirectly from a separate source of sugar. Some plant-derived sugar including stevia, Xylitol, Erythritol, Yacon Syrup, and others, is a suitable replacement for sugar to reduce the risk of having different diseases from sugar. Additionally, Consumers all over the world are favoring a healthy diet and avoiding sugary goods that are rich in calories and linked to cardiac disease. Due to the growing popularity of plant-based products, plant-based sugar is receiving more and more attention. However, the high pricing of both sugars compared to normal sugar is among the restraining factors for the plant-derived and synthetic sugar market.
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 as below:
Drivers:
- WIDE APPLICATION OF PLANT DERIVED AND SYNTHETIC SUGAR IN VARIOUS NORTH AMERICA 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 North America feedstock for biofuel generation. Due to its outstanding ability to produce biomass, high carbohydrate (sugar + fiber) content, and a favorable energy input/output ratio, it is regarded as one of the finest possibilities for creating biofuels nowadays. It is essential to develop enhanced sugarcane cultivars with superior biomass degradability in order to increase the conversion of sugarcane biomass 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.
- GROWTH IN THE DEMANDS FOR NATURAL SWEETENERS AS A SAFER ALTERNATIVE TO ARTIFICIAL SWEETENERS
Long-term use of artificial sweeteners can lead to diabetes, which interferes with the body's capacity to control blood sugar and makes market expansion challenging. Consuming artificial sweeteners over an extended period of time may result in gastrointestinal problems like diarrhea and bloating. A recent study found that high-intensity sweets like saccharin and aspartame can result in blood-related conditions like leukemia, which can be lethal and cause mortality. People are aware of all these adverse effects of artificial sweeteners, so they prefer to buy safer alternatives to artificial sweeteners like plant based sweeteners such as Stevia, Erythritol, Xylitol, Yacon syrup, Monk fruit sweetener, and others. These alternatives give many health befits also.
Restraint
- GROWING HEALTH PROBLEMS DUE TO HIGH SUGAR INTAKE
Other common sweeteners that are frequently used in place of sugar include molasses, honey, maple syrup, and coconut sugar. Long-term high natural sugar or sugar substitute consumption can be harmful to human health. Additionally, even while these natural sugar replacements may be a healthier choice than normal sugar if used sparingly, they shouldn't be viewed as a temporary solution to human health problems. In reality, long-term use of large amounts of natural sugars or sugar substitutes may boost the desire for sweets and may help to cause problems, including weight gain and type 2 diabetes. There are many different natural sweeteners available due to the incredible diversity of plants, yet they all have particular drawbacks. Furthermore, there is no assurance that a chemical made in a factory will be any safer than one made in a laboratory. Before being accepted as safe as a food additive, these plant sweeteners still need to undergo comprehensive testing.
- AVAILABILITY OF SUBSTITUTE FOR PLANT BASED SUAGRS AND SYNTHETIC SUGARS
Health-conscious consumers frequently substitute honey, maple syrup, molasses, coconut sugar, and other common sugary sweeteners for sugar. These hardly differ from sugar at all. The human body won't be able to recognize the difference, even though they may have a tiny bit less sugar and a few more nutrients. Additionally, even while these natural sugar replacements may be a healthier choice than normal sugar if used sparingly, they shouldn't be viewed as a temporary solution to your health problems. Due to a lack of knowledge, pricing concerns, the negative consequences of artificial sugars, and other factors, the long-term consumption of regular sugar by people may make it more difficult for them to choose plant-based sugars. Additionally, there are very few plant-based sugars and synthetic sugars available to regular customers.
Opportunity
- CHANGES IN LIFESTYLE AND DEMOGRAPHICS TO ENCOURAGE VARIOUS EATING HABITS
In growing economies, modernization and urbanization have boosted the food sector. Consumers' eating habits have changed dramatically; it has been influenced by changing lifestyles. Increased disposable incomes and a higher standard of living as a result of improvements in various nations' economic conditions have significantly increased consumption of both plant-derived and synthetic sugar. This trend of consumption of ready-to-eat foods has also increased and expanded over the past few years as a result of the growing number of working women and their busy schedules.
Challenges
- Government- imposed strict restrictions and regulations
Consumers' growing inclination towards healthy food and health-conscious nature has significantly increased the use of products with no added sugar and sweetener labels. The government set up certain rules and actions to reduce sugar intake through selective taxation, reformulations, and packaging label. The government has been continuously monitoring the situation in the sugar sector, including sugar production, consumption, export, and price trends in wholesale and retail markets all over the country.
Though food and drug administration (FDA) approved products are considered safe, there are questionable health downsides associated with artificial and non-nutritive sweeteners. In the case of natural sweeteners, overconsumption can lead to health problems like tooth decay, poor nutrition, etc.
Post-COVID-19 Impact
The demand and supply for sugar and synthetic sugar products had initially decreased during the beginning of the COVID-19 pandemic due to temporary lockdown and social distancing, which resulted in trade restrictions, transportation restrictions, and production restrictions. This has slightly affected the North America Plant-Derived Sugar and Synthetic Sugar Market.
The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In addition, the food ingredient industry, like sweeteners that are used in the food and beverage industry, faces many serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns due to this outbreak. It has ultimately affected the overall sugar and sweetener ingredient industry. However, post covid, the demand for plant-based sugar in health and wellness food products has increased rapidly owing to the increased number of health-conscious people and increased awareness about healthy food ingredients and their benefits.
Furthermore, the government restrictions, trade, and import-export has been made easier, and many of the restrictions have been removed after COVID-19, which made it easier for health and wellness food manufacturers to fulfill the demands of the consumers and added to the growth of the market.
Recent Developments
- In February 2022, IFF is acquiring Health Wright products. HWP is a North America leader in the consumer Health and Nutrition industries, providing the highest-quality nutritional supplements. The acquisition will bring formulation and finished format capabilities to IFF’s Health & Biosciences probiotics, natural extracts, and botanicals businesses, allowing for innovation in custom formulation and combination products through joint capabilities.
- In August 2021, an article titled "Plant-Based Sweeteners: A Complete Guide" was published by Ochsner Health. It was made very obvious that there are more calorie-free, plant-based sweeteners available now than ever before, making it simpler than ever to cut back on added sugar.
North America Plant-Derived and Synthetic Sugar Market Scope
North America plant derived and synthetic sugar market is segmented on the basis of 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, the North America plant derived, and synthetic sugar market is segmented into plant derived sugar, synthetic sugar.
Application
- Food & Beverages
- Dietary Supplements
- Pharmaceutical
- Sports Nutrition
- Others
On the basis of end users, the North America plant derived, and synthetic sugar market is segmented into food & beverages, dietary supplements, pharmaceutical, sports nutrition, and others.
Form
- Dry
- Liquid
On the basis of form, the North America plant derived, and synthetic sugar market is segmented into dry and liquid.
North America Plant-Derived and Synthetic Sugar Market Regional Analysis/Insights
The North America Plant-derived, and synthetic sugar market is analyzed, and market size insights and trends are provided based on as referenced above.
The countries covered in the North America Plant-derived, and synthetic sugar market report are the U.S., Canada, and Mexico.
U.S. is expected to dominate the North America Plant-derived and synthetic sugar market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to the Growing demand for this sugar is the major reason for the growth of Plant-derived and synthetic sugar in the North America region.
The region section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of North America brands and their challenges faced due to high competition from local and domestic brands and the impact of form are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Plant-derived and synthetic sugar Market Share Analysis
The Competitive North America Plant-derived, and synthetic sugar market provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the company's focus on the North America Plant-derived and synthetic sugar market.
Some of the major players operating in the North America Plant-derived and synthetic sugar market ADM, Cargill, Incorporated, Ingredion, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW® Foods, Roquette Frères, NutraSweetM™ Co, Tate & Lyle, Pyure, Hermes Sweeteners Ltd., Südzucker AG, HSWT, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, Grupo PSA, JK Sucralose Inc among others.
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