According to a recent analysis on the market for fermented sweeteners by Persistence Market Research, South Asia will hold a 25.35% volume share of the global market in 2021. Due to a growing emphasis on sugar reduction in F&B products, the market value of the food and beverage sector in this market is expected to increase to US$ 1.28 Bn by 2031 from US$ 646.2 Mn in 2021. fermented sweeteners market is now valued at $1.06 billion and is expected to grow to $2.05 billion by 2031.
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North America is the largest consumer market for fermented sweeteners, followed by Europe. Due to the constantly expanding food and beverage industry, these locations are among the primary growth accelerators globally. In the East Asian market, China has a stake of more than 50%, while Japan has a share of more than 35%.
In the European region, Germany has a significant market for fermented sweeteners. By 2031, the Latin American and North American markets are projected to have a respective market value of US$ 128.3 Mn and US$ 355.2 Mn.
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Sweeteners are chemical compounds that are added to a variety of oral medical preparations such as pills, syrup, suspension, and so on, to mask the undesirable taste or boost the impression of sweetness. Sweeteners are used in dietary supplements for a variety of reasons, including technological and organoleptic ones.
The industry for fermented sweeteners would benefit from rising demand for dietary supplements. In the personal care industry, usage of sweeteners is also on the rise. In personal care products, sweeteners such as aspartame and sugar alcohols are commonly utilized.
Why Does the U.K. Account for the Largest Share of Fermented Sweeteners in the European Region?
The fermented sweeteners market is witnessing significant growth in the U.K. in the European region at a value of CAGR 8.1%.
Demand for plant-based food ingredients is growing at a significant rate, which provides a favorable market growth opportunity for fermented sweetener manufacturers.
Which Country Holds the Largest Share in the North America Market?
The U.S. holds a major share in the North American market for fermented sweeteners. This is due to growing health consciousness among consumers leading them to cut down on sugar intake.
Moreover, increasing demand for confectionery and desserts with less sugar content in the food & beverage industry will have significant impact on the market, which is projected to expand at 6.0% CAGR through 2031.
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Fermented Sweeteners Market Industry Research by Category
- Liquid Fermented Sweeteners
- Powder Fermented Sweeteners
- Brown Rice Syrup
Food & Beverage Industry
- Bakery & Confectionery
- Processed Food & Beverages
- Dairy & Frozen Desserts
Personal Care and Cosmetics
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