Russia Food Sweetener Market is projected to grow at a CAGR of 5.12% during the forecast period (2020-2025).
Key Highlights
- More than 70% of the market share in the European food sweetener market is held by sugar. The food sweetener market is majorly affected by the volatility in prices, trade, consumer habits and regulation in the European region.
- Currently, the consumption of sugar substitutes is increasing rapidly in Russia. This is attributed to consumer awareness, government regulation to reduce sugar consumption and application in many health & wellness food products in the market.
Key Market Trends
Increasing Demand for Food Sweetener from Emerging Countries
The majority of countries with high absolute consumption of sugar falls in the emerging economies category, and consequently, these nations have a high burden of lifestyle diseases as pointed by the World Health Organization (WHO). Consumption of high-intensity sweeteners in the United States, Canada, Western Europe, and Japan is expected to grow at lower rates, as the diet beverages market, the largest application sector, has matured. However, the demand in developing economies is expected to increase during the forecast period. Overall, the huge demand for food has led the entire value chain in developing countries to open markets for food sweeteners and new introductions from foreign players, driving the demand for food sweeteners.
Growing Demand for Sweeteners in various Application
There is an exponential year-on-year increase in the number of processed low-calorie and diet foods industry that contain artificial sweeteners. By using different blends of low-calorie sweeteners, subtle taste options can be achieved. Manufacturers choose which low-calorie sweetener to use, either on its own or as a blend, based on taste considerations, stability, and cost. Many sweetener categories like polyols or natural caloric sweeteners are approved for use due to its long history of use and thus many such sweetener systems are allotted Generally Regarded As Safe (GRAS) status.
Competitive Landscape
Companies are bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners. Some of the major players in the Russia food sweetener market includes Cargill Inc, Tate & Lyle PLC, Archer Daniels Midland Company, DuPont, JK Sucralose Inc, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
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