Global Plant-derived and Synthetic Sugar Market
Global Plant-derived and Synthetic Sugar Market was valued at xx million in 2021 and is slated to reach at USD xx million by 2027 at a CAGR of xx % from 2022-2027.
Sugar is a substance that is used to sweeten food. "Plant-derived sugar" is sugar that comes from plants. It is used in a variety of industries, including those that manufacture medications, cosmetics, biofuels, animal feed, and drinks. Synthetic sugar is a type of sugar produced chemically by the chemical industry and is used in the food, beverage, pharmaceutical, and other industries. Products made of sugar from plants and synthetic sources are widely used in the food industry due to their health benefits. Plant-derived and synthetic sugars are the most widely used and important ingredients in the global food and beverage industry because they change the flavour and enhance the palatability of finished items. The desire for these sugars has significantly increased because they provide the body with quick energy enrichment. The artificial sweetener market is predicted to continuously grow around the globe. The demand for natural alternatives like synthetic and plant-derived sugar is growing, though, as people become more aware of the health risks associated with artificial sweeteners.
Market Drivers
Many people like including natural foods in their meals on a daily basis. Consumers and manufacturers are turning to natural ingredients as their importance in the food and beverage industry rises. As a result, the demand for sugar from plants rises as a result of the use of natural ingredients in the food and beverage industries. Customers are seeking a sugar substitute that is healthful. On the market are a number of sugar substitutes made from plants, such as stevia, maple syrup, yacon syrup, xylitol, and erythritol. For diabetic patients who desire sugar alternatives without calories, stevia is a suitable choice. Stevia's popularity is growing because it has no calories and has no negative effects on health. Another plant-based sugar that comes from corn and is found in many fruits and vegetables is xylitol.
The market for sugar made from plants is also booming as a result of ongoing culinary fads and technological developments in the food and beverage industries. Food ingredients with the fewest artificial chemicals and preservatives are preferred by consumers. The global market for plant-based sugars is driven by this steadily growing need for nutritious food components.
The use of artificial and plant-derived sugar in medicine, cosmetics, food and beverage, and other industries has enormous potential. The production of biofuels using hybrid sugarcane (Saccharum spp.) has a very high potential. It is recognised as one of the best biofuel alternatives because of its exceptional capacity to create biomass, high carbohydrate (sugar + fibre) content, and a favourable energy input/output ratio. To maximise the conversion of sugarcane biomass into biofuels, it is imperative to create improved sugarcane cultivars with greater biomass degradability. Sugar is a pharmaceutical excipient used in tablets and capsules to improve look, portability, and texture in addition to flavour and texture in food and beverages. Additionally, natural cosmetics are getting more and more popular with sugar. The amount of sugar used in skincare products is remarkable. It is a safe, organic substance with several skin-friendly qualities.
Artificial sweeteners are getting more and more popular as sugar substitutes. Obesity, diabetes, and the metabolic syndrome are now more common. This, along with improved consumer education, has led to a persistent paradigm shift in favour of artificial sweeteners with low calorie content. These synthetic sweeteners, non-nutritive sweeteners (NNS), low-calorie sweeteners, and strong sweeteners provide more sweetness per gramme while having zero or few calories. They can be found in drinks, dietary supplements, medicines, and mouthwashes. These are utilised by both obese and lean individuals, diabetics and non-diabetics, adults and kids, and their widespread use is a result of intensive marketing and increased health awareness. They provide more food options for people who want to eat fewer calories and make their diets more palatable. The increased use of these artificial sweeteners has led to businesses launching a lot newer products and growing or extending their businesses.
Market Restraints
The price of artificial and plant-derived sugars is incredibly high when compared to regular sugar. The high cost of the raw materials and production techniques used to make both natural and artificial sugars contribute to this high cost. Changes in the price of raw materials have a significant impact on the cost of both natural and synthesised sugars. As a result, companies continue to set pricing that will bring in the most money. The consumer will be compelled to purchase conventional sugar more often than plant-derived and synthetic sugars due to the significant pricing differential between the two types of sugar. Plant-derived sugar is more expensive than ordinary sugar, which is one of the key issues restricting the expansion of the global market for it.
Market Segmentation
Global Plant-derived and Synthetic Sugar Market is segmented into Type, Form, Application. By type such as Plant-Derived Sugar and Synthetic Sugar. By Form such as Dry and Liquid. By Application such as Food and Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, and Others.
Regional Analysis
Global Plant-derived and Synthetic Sugar Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Market share for both natural and artificial sugar is dominated by Asia-Pacific. The sugar market in Asia-Pacific is the biggest. A major factor driving the expansion of the global market for plant-derived and synthetic sugar in Asia-Pacific is the expansion of online retail and distribution channels, which will contribute to high demand globally. The market's expansion, however, is probably constrained by the high price of superior raw materials.
Key Players
This report includes a list of numerous Key Players, namely ADM, Cargill, Incorporated, Ingredion, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW Foods, Roquette Frères.
Market Taxonomy
By Type
• Plant-derived sugar
• Synthetic sugar
By Form
• Dry
• Liquid
By Application
• Food and beverages
• Dietary supplements
• Pharmaceutical
• Sport nutrition
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Plant-derived and Synthetic Sugar Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Plant-derived and Synthetic Sugar Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Plant-derived and Synthetic Sugar Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Plant-derived and Synthetic Sugar Market Share Analysis, By Type
5.3 Global Plant-derived and Synthetic Sugar Market Size and Forecast, By Type
5.3.1 Plant-derived sugar
5.3.2 Synthetic sugar
6 Global Plant-derived and Synthetic Sugar Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Plant-derived and Synthetic Sugar Market Share Analysis, By Application
6.3 Global Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
6.3.1 Food and beverages
6.3.2 Dietary supplements
6.3.3 Pharmaceutical
6.3.4 Sport nutrition
6.3.5 Others
7 Global Plant-derived and Synthetic Sugar Market, By Form
7.1 Y-o-Y Growth Comparison, By Form
7.2 Global Plant-derived and Synthetic Sugar Market Share Analysis, By Form
7.3 Global Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
7.3.1 Dry
7.3.2 Liquid
8 Global Plant-derived and Synthetic Sugar Market, By Region
8.1 Global Plant-derived and Synthetic Sugar Market Share Analysis, By Region
8.2 Global Plant-derived and Synthetic Sugar Market Share Analysis, By Region
8.3 Global Plant-derived and Synthetic Sugar Market Size and Forecast, By Region
9 North America Plant-derived and Synthetic Sugar Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Plant-derived and Synthetic Sugar Market Share Analysis, By Type
9.3 North America Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
9.4 North America Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
9.5 North America Plant-derived and Synthetic Sugar Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Plant-derived and Synthetic Sugar Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Plant-derived and Synthetic Sugar Market Share Analysis, By Type
10.3 Europe Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
10.4 Europe Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
10.5 Europe Plant-derived and Synthetic Sugar Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Plant-derived and Synthetic Sugar Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Plant-derived and Synthetic Sugar Market Share Analysis, By Type
11.3 Asia Pacific Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
11.4 Asia Pacific Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
11.5 Asia Pacific Plant-derived and Synthetic Sugar Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Plant-derived and Synthetic Sugar Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Plant-derived and Synthetic Sugar Market Share Analysis, By Type
12.3 Latin America Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
12.4 Latin America Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
12.5 Latin America Plant-derived and Synthetic Sugar Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Plant-derived and Synthetic Sugar Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Plant-derived and Synthetic Sugar Market Share Analysis, By Type
13.3 Middle East Plant-derived and Synthetic Sugar Market Size and Forecast, By Application
13.4 Middle East Plant-derived and Synthetic Sugar Market Size and Forecast, By Form
13.5 Middle East Plant-derived and Synthetic Sugar Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ADM
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Cargill
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Incorporated
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ingredion
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Ajinomoto Co., Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 BENEO
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 DuPont
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Mafco Worldwide LLC
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 NOW Foods
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Roquette Frères
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
