Fermented Sweeteners Market Segmented By Liquid, Powder Fermented Sweeteners Form in Stevia, Erythritol, Aspartame, Neotame, Brown Rice Syrup Product type
As per a new study by Persistence Market Research, the global fermented sweeteners market is currently valued at just over US$ 1.189 Billion, and is set to witness expansion at a CAGR of 7.1% over the forecast period of 2023 to 2033.
Major fermented sweetener producers are concentrating on launching innovative products that give customers extra functional and nutritional advantages. Manufacturers are also boosting their manufacturing of sugar-reduction-related products as well as their R&D efforts and distribution networks. With increased manufacturing capacity, cost per unit of the product falls, bringing the cost of fermented sweeteners closer to that of sucrose. This lower price will entice end users to view it as a profitable alternative.
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Consumers are increasingly experimenting with innovative culinary products to please their taste buds. Manufacturers in the food business are focused on product innovation and development to launch new food items with functional and nutritional characteristics to fulfill the ever-increasing expectations of customers.
Manufacturers are stepping up their marketing efforts to raise customer knowledge about the advantages of fermented sweeteners. A few market players also participate in food expos, which provides them with an excellent platform to meet new consumers and display their products.
Mergers and acquisitions are a common corporate strategy for companies looking to expand into new markets or areas, obtain a competitive edge, or acquire new technologies and expertise. In the fermented sweetener industry, firms are focused on collaborative ventures to create new and competitive products that will benefit both parties involved.
Key Takeaways from Market Study
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“Fermented sweeteners are widely used in bakery and confectionery products, processed foods & beverages, dairy products for sugar reduction, and as an alternative source for sugar. Rising popularity of sugar-free food products among consumers will provide growth opportunities for manufacturers of fermented sweeteners,” says a Persistence Market Research analyst.
Competitive Landscape –
Manufacturers are expected to continue to invest in the advancement of technology and equipment to improve production to cater to growing demand.
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global fermented sweeteners market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights based on form (powder, liquid), product type (stevia, erythritol, aspartame, neotame, brown rice syrup, and others) and end use (Food & beverages, personal care and cosmetics, pharmaceuticals, and nutraceuticals), across seven major regions of the world.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.
Jun 25, 2023