According to the report titled ‘Global Food Sweetener Market Size study, by Product Type(Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, High Intensity Sweeteners (HIS) ), by Application (Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and Meat Products, Soups, Sauces, and Dressings, Other Applications), and Regional Forecasts 2021-2027’, available with Market Study Report, global food sweetener market was worth USD 85.92 billion in 2020 and is expected to exhibit a growth rate of over 2.49 % during 2021-2027, thereby accumulating USD 102.1 billion by the end of the analysis timeline.
 

Increasing demand for natural sweeteners, rising awareness of healthy food consumption, and government initiatives & rules to promote reduced sugar intake are the primary factors driving the expansion of global food sweetener market.
 

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Additionally, increase in the population of working women, rising disposable incomes, and surge in lifestyle disease cases are encouraging adoption of food sweeteners instead of sugar, thus propelling industry share.
 

For the uninitiated, sweeteners are sugar substitute used in food and beverages. They are also used for food browning & caramelization, baking, food preservation, and several other applications. As people are becoming more conscious towards health and fitness, natural sweeteners have gained immense popularity. The result of an internal poll by Global Stevia Institute suggests that more than 60% of Americans prefer low calorie sugar alcohol in their regular diets.
 

On the downside, consumers are ambiguous about the impact of natural sweeteners on their health, which in turn might hamper the remuneration scope of the market.
 

Based on product type, global food sweetener market is split into high intensity sweeteners (HIS), sucrose (common sugar), and starch sweeteners & sugar alcohol. By application spectrum, the industry is bifurcated into beverages, dairy & desserts, bakery & confectionery, soups, sauces & dressings, meat & meat products, and others.
 

Moving on to regional ambit, the market sphere is segmented into Europe, North America, Asia Pacific, and Latin America. Among these, Asia Pacific market share is swelling considerably because of rising demands for sugar-enriched food and beverages. Also, consumer inclination towards health benefitting food products will further impel the product adoption.
 

The competitive hierarchy of the global food sweetener market is defined by companies such as PureCircle Ltd., DuPont de Nemours Inc., Tereos Internacional S.A., Ingredion Incorporated, The NutraSweet Company, Ajinomoto Co. Inc., Tate & Lyle plc, Cargill Inc., The Archer-Daniels Midland Company, and GLG Life Tech Corporation.