According to a research report titled ‘Global Alternative Sweeteners Market 2021-2028’, available with Market Study Report, global alternative sweeteners market is projected to record a y-o-y growth rate of 3.48% over the forecast period 2021-2028.
 

As per the findings of the report, increasing prevalence of obesity and diabetes due to excessive sugar intake, and subsequent surge in the demand for low calorie alternative sweeteners are key factors driving worldwide alternative sweeteners market growth.
 

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Furthermore, proliferation of advertising activities by major companies, as well as growing awareness about the benefits of sugar alternatives are likely to create several new opportunities for industry development.
 

On the other hand, health problems such as allergic reactions and cardiovascular diseases associated with overconsumption of alternative sweeteners, and increasing regulations on the sweeteners industry are expected to negatively impact the market outlook in the upcoming years.
 

Based on application scope, global alternative sweeteners market is classified into beverage, food, and other applications. By product type, the industry segmentation comprises high-intensity sweetener (acesulfame potassium (Ace-K), monk fruit extract, aspartame, saccharin, neotame, steviol glycosides, sucralose, advantame) high-fructose syrup, and low-intensity sweetener.
 

Considering the geographical outlook, the industry scope is studied in-depth across North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. Expert analysts cite that Asia-Pacific market is projected to grow at a remarkable rate during the forecast period owing to mounting cases of health conditions such as dental damage, hypertension, obesity, and diabetes.
 

Moreover, governments in countries like India and the Philippines plan to impose sugar taxes, such as sugary drink tax and soda tax. This move will influence beverage manufacturers to switch to low-calorie sweeteners made from sucrose, thereby propelling market remuneration in the Asia Pacific region.
 

Major contenders in global alternative sweeteners market space are Tate & Lyle plc, Roquette Freres S.A., PureCircle Ltd., Naturex S.A., Ingredion Inc., Hyet Sweet B.V., GLG Life Tech Corp., International Flavors & Fragrances Inc. (IFF), Celanese Corp., Cargill Inc., Batory Foods Inc., Archer-Daniels-Midland Co., Associated British Foods plc, and Ajinomoto Co. Inc.