Global Plant-derived Sweeteners Market Overview:
Plant-derived sweeteners are obtained from plants like stevia, erythritol, yacon plant, monk fruit, and various others by different processing methods. These sweeteners are available in liquid drops, powder, and tablet form in the online and offline market. The plant-derived sweeteners have low to zero calories in them and are used widely in bakery products, confectioneries, beverages, and other food preparation. Some of the players profiled in the study are Amyris, Inc. (United States), Cargill (United States), Ingredion Incorporated (United States), Archer-Daniels-Midland Company (United States), Roquette (France), Pyure Brands, LLC (United States), Whole Earth Brands (United States), Symrise AG (Germany), Wilmar International Ltd. (Singapore) and SteviaHubIndia (India).
On the basis of geography, the market of Plant-derived Sweeteners has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Plant-derived Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Plant-derived Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for Naturally Derived Sugar Substitute products
- Demand for Plant-based Food Products Among the Health Conscious Population
- Increasing Use of Plant-derived Sweeteners in Bakery Products and Beverages
- Stiff Competition in the Plant-derived Sweeteners Market
- Easy Online Availablity of Plant-derived Sweeteners
- Valid Labeling Information with More Advertising Activities will Boost the Plant-derived Sweeteners Market
- Plant-derived Sweeteners Products are Expensive
Key Market Developments:
On 10th November 2020, Whole Earth Brands, Inc. announced the acquisition of all of the outstanding equity interests of Swerve, L.L.C. and Swerve IP, L.L.C, a rapidly growing manufacturer and marketer of a portfolio of zero sugar, keto-friendly, and plant-based sweeteners and baking mixes.
On 20th May 2021, Pyure Organic announced a major rebrand of its organic and non-GMO plant-based sweeteners, baking mixes, milk modifiers, and spreads. Pyure Organic partnered with Ideabar, leading marketing, and media agency to develop integrated marketing strategies to maximize business growth and brand equity.
"FDA has received many GRAS Notices for the use of high-purity (95% minimum purity) steviol glycosides including Rebaudioside A (also known as Reb A), Stevioside, Rebaudioside D, or steviol glycoside mixture preparations with Rebaudioside A and/or Stevioside as predominant components. FDA has not questioned the notifiers' GRAS determinations for these high-purity stevia-derived sweeteners under the intended conditions of use identified in the GRAS notices submitted to FDA."
Plant-derived Sweeteners Manufacturers, Plant-derived Sweeteners International Traders, Plant-derived Sweeteners Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Plant-derived Sweeteners market on the basis of product [Stevia, Erythritol, Yacon Syrup, Monk Fruit Sweetener and Others] , application [Beverages, Bakery Products, Confectionery, Food Products and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Plant-derived Sweeteners market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Plant-derived Sweeteners industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Plant-derived Sweeteners market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.