The global low intensity sweeteners market size is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 3.6 billion by 2026, recording a CAGR of 4.6%, in terms of value. The growing awareness among consumers regarding health and wellness is driving the demand for low intensity sweeteners.
The food segment accounts for the largest market share in the low intensity sweeteners market
Based on application, food segment is the largest segment in the overall low intensity sweeteners market. The growth of this segment is majorly attributed to the number of functional and organoleptic properties exhibited by low intensity sweeteners, which make them ideal for the use in most food applications.
The bakery products segment is projected to account for the second-largest share in the low intensity sweeteners market during the forecast period
By food applications, the low intensity sweeteners market is segmented into confectioneries, bakery products, dairy & frozen desserts and other food applications. The demand for low intensity sweeteners in bakery products is rising. Low intensity sweeteners act as a substitute for sucrose in bakery products as they impart sweetness, increase the shelf-life, and act as bulking agents.
Leading companies are Ingredion Incorporated (US), ADM (US), Anderson Advanced Ingredients (US), Tate & Lyle (UK), Roquette Frères (France), Matsutani Chemical Industry Co., Ltd (Japan), Whole Earth Brands (US), CJ CheilJedang (South Korea), Samyang Corporation (South Korea), Daesang Corporation (South Korea), Van Wankum Ingredients (Netherlands), Hylen Co., Ltd (China), Sweeteners Plus (US), Fooding Group Limited (China), Savanna Ingredients (Germany), Foodchem International Corporation (China), Apura Ingredients (US), Shandong Saigo Group Corporation (China), Icon Foods (US), and Bonumose Inc. (US).