Global Artificial Sweetener Market 2021- Growth Analysis by Overview, Covid-19 outbreak, Share, Size, Industry Trends and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Global Artificial Sweetener Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Artificial Sweetener Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

The artificial sweetener is a major additive in food & beverage products. In food & beverage, artificial sweetener is mainly classified into aspartame, acesulfame, saccharin, sucralose, cylamate, and others. It provides a sweet taste and low calories to the products turning them into sugar-free products.

Research Methodology

The artificial sweetener market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Key Market Insights

Artificial sweetener is widely utilized in the food & beverages industry in various sugar-free soda, chewing gums, chocolates, ice cream, baked goods, and others. It imparts much more sweetness in these products than sugar. It also keeps the calories low helping the consumers to consume these products without feeling guilty about putting on. The food & beverage segment is growing fast as the demand for sugar-free beverages and sugar-free eatables is increasing owing to the spreading of awareness related to healthy eating and growing health concerns.

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Currently, Asia Pacific dominates the market and is expected to grow potentially during the forecast period due to intense demand from various application segments and increasing number of diabetic and obese people. North America is likely to remain as a key region owing to the significant contribution from the US. Few of the prominent key players in the global artificial sweetener market are Cargill, ROQUETTE, AJINOMOTO, Ingredion, and Hermes Sweeteners.

Types:

o Aspartame
o Acesulfame
o Saccharin
o Sucralose
o Cylamate
o Others

Applications:

o Food & Beverage
o Pharmaceuticals
o Direct Sales
o Others

Geography:

o Asia Pacific
o North America
o Europe
o Rest of the World

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