Plant-derived sweetener is a sugar form that is derived from plant parts like leaves, fruits, and others. These natural sweeteners are low in calories when compared to regular sugar. Plant-derived sweeteners are less harmful than the artificial ones. It is a healthy alternative to sugar and helps people to maintain their sugar levels. Stevia derived sugar is a popular plant-derived sweetener used all across the globe. It contains stevioside and rebaudioside compounds that are sweet in nature with low calories.
The growing demand for natural food ingredients all across the globe is fuelling the growth of the global plant-derived sweetener market. There is a significant growth in awareness among people regarding a healthy diet and lifestyle that includes naturally derived products. These plant-derived sweeteners are gaining immense popularity among consumers due to their wide number of health benefits. The growing health disorders all across the globe due to use of artificial sweeteners are further likely to accentuate the growth of the market globally. However, due to the surging health disorders, consumers are nowadays eliminating the high calorie and fat content from their meals, which in turn is likely to propel the adoption of plant-derived sweeteners among consumers. Furthermore, the manufacturers are also discovering the untapped potential of plant-derived sweeteners by launching distinctive products in the market, thereby creating many lucrative growth opportunities in the market.
The global plant-derived sweetener market can be segmented into application, form, and type.
By application, the market can be segmented into fruit processing, ice cream, desserts, confectionery, beverages, and bakery.
By form, the market can be segmented into crystal, powder, and liquid.
By type, the market can be segmented into lucuma fruit sugar, molasses, agave syrup, yacon syrup, monk fruit sugar, stevia, and others.
North America accounts for the largest share in the global plant-derived sweetener market due to the growing adoption of natural sweeteners in the region. Moreover, the increasing incidences of diabetes and other related disorders will significantly escalate the growth of the regional market.
Some of the significant players in the global plant-derived sweetener market are Hearthside Food Solutions LLC, Saganà Association, Fooditive B.V., XiliNat, Sweetly Stevia USA, The Real Stevia Company, Stevia Biotech Pvt Ltd, Suminter India Organics, Stevia Hub India, Pyure Brands LLC, Ecogreen Oleochemicals Pvt Ltd, MacAndrews & Forbes Holdings Inc, PureCircle Ltd, FoodChem International Corporation, Roquette Frères, Ingredion Incorporated, Cargill, Tate & Lyle PLC, and DuPont. To cite, ADM launched its range of monk fruit sweeteners in the year 2017 in partnership with GLG Life Tech Corporation. The monk fruit sweeteners are gaining immense popularity in several food & beverage applications and are expected to generate huge revenue for the company.
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