A comprehensive overview of the Natural Sweeteners market was recently added by UnivDatos Market Insights to its humongous database. The Natural Sweeteners market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Natural Sweeteners market. The Natural Sweeteners market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Natural Sweeteners market at the global and regional levels. The Natural Sweeteners Market is expected to grow at a CAGR of 10% from 2021-2027 to reach USD 5.5 billion by 2027.
Market Overview
Increasing cases of obesity especially among young children are the major driving factor for increased adoption of natural sweeteners as table sugar alternatives. For instance, as per WorldAtlas, in 2019, 38 million children below the age of five were either obese or overweight. Moreover, obesity is responsible for close to 5 million deaths annually, or 8% of the global deaths in 2017, representing a 3.5% increase from 4.5% in 1990. However, the proportion varies across different continents. In 2017, over 15% of the deaths were attributed to obesity across North Africa, Eastern Europe, Latin America, and Central Asia because of its high prevalence.
Furthermore, natural sweeteners are sweeter than sugar and are fewer calories. Therefore, a very small amount of them is sufficient. For instance, Stevia is 50-350 times sweeter than table sugar and has zero calories. Similarly, monk fruit is 250 times sweeter than table sugar and has zero calories.
COVID-19 Impact
COVID19 has resulted in a profound re-evaluation of the advantages and costs of Natural Sweeteners. The COVID-19 pandemic has caused disruption in the supply chain worldwide. This has had a profound impact on Natural Sweeteners. The rising spread of the virus led to strict lockdown restrictions across many countries around the globe. The supply chain and logistics were harmed as a result of the closing of borders across numerous countries. For instance, as per ISM in 2020, there is a 14% increase in the number of 2019 supply chain disruptors which was 3,700. It has resulted in significant disruptions to businesses and economic activities globally and is expected to have a short-term negative impact on the Natural Sweeteners market due to limited or non-availability of raw material transport and disruption in service providers. This aspect led to a decrease in the growth rate of the natural sweeteners market.
Read more of the latest industry news and developments here: March 2022 Single Issue form – International Confectionery Magazine (in-confectionery.com)
Media contact
Roshini Bains,
Editor, International Confectionery
Tel: +44 (0) 1622 823 922
Email: editor@in-confectionery.com
