Plant-derived sweetener is referred to as sugar that is extracted from plant parts like leaves, roots, and others. These sweeteners are low in calories and are less harmful when compared to artificial sweeteners. Plant sweetener is an effective substitute for sugar in order to maintain the sugar levels in the human body. Stevia-derived sweeteners are the most popular natural sweetener used among people globally. Plant-derived sweeteners are higher in cost than regular sweeteners.
The high demand for natural food ingredients will steer the growth of the global plant-derived sweetener market. The growing awareness among people regarding a healthy lifestyle is likely to complement the growth. Sweeteners have gained immense popularity among people in recent years due to the wide range of advantages associated with them. However, the surge in the number of health-conscious people is likely to fuel the use of these natural sweeteners in the food and beverage sector. Consumers adopt processed food and beverage premixes that are easy to prepare and need less time which is likely to fuel the adoption of these natural sweeteners. Also, the growing health disorders associated with the usage of artificial sweeteners along with high-calorie intake in the mail will also scale the growth of the market manifolds. The rapidly increasing incidences of obesity have led people to demand low-calorie and sugarless products. Manufacturers are also spending in the research activities to launch innovative and distinct products in the market to widen their customer base.
The global plant-derived sweetener market can be segmented into form, application, type, and region.
By type, the market can be segmented into powder, liquid, and crystal. The powder form segment dominates the global plant-derived sweetener market owing to the fact that it is convenient to use.
By application, the market can be segmented into confectionery, bakery, fruit processing, ice cream, beverages, and desserts.
By type, the market can be segmented into stevia, molasses, monk fruit sugar, yacon syrup, lucuma fruit sugar, agave syrup, and others. The stevia segment accounts for the largest share in the global plant-derived sweetener market due to the flash number of benefits associated with it.
North America accounts for the largest share in the global plant-derived sweetener market due to the high prevalence of diseases like diabetes and obesity in the region. Furthermore, the presence of prominent market leaders in the region will also accentuate the growth of the regional market.
Asia Pacific is expected to be the fastest-growing region in the global plant-derived sweetener market due to the growing disposable income of the people in the region.
Some of the significant players in the global plant-derived sweetener market are Roquette Frères, Tate & Lyle PLC, The Truvia Company LLC, Cargill, Inc., Symrise, Nestlé AG, Wilmar International Ltd., Ingredion Incorporated, Ajinomoto Co., Inc., Archer Daniels Midland Company, and others. To cite, Tate and Lyle Plc in 2020 announced to acquire Sweet Green Fields (SGF) to strengthen the portfolio of stevia natural sweetener products.
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Having a Master’s Degree in Brewing Technology and overall experience of 6 years in the field of writing, Jerri has been one of the most workaholic and dedicated team members of thefoodbeveragenews.com portal. She has been a part of this portal for 4 years now. Jerri started a career in writing with freelancing and the journey has been worth watching and appraising. She handles the Beverage Industry domain of the portal and along with her team provides all the vital and up-to-the-minute news and reports to the readers in a simple and comprehensible manner.