The Egypt food sweetener market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to rising awareness about the usage of dietary food along with the growing obesity population and number of people suffering from type 1 & 2 diabetes.
Year-after-year an exponential rate of demand can be witnessed in the market for low-calories and diet food which contain artificial sweetener. Manufacturers have an option to choose from which low calories sweetener to use or can be blended with, depending upon the taste consideration, cost, and stability.
According to the World Health Organization (WHO) such nations who have an absolute level of high sugar consumption falls under the category of emerging economies and possess a high risk of lifestyle diseases.
However growing demand for food has led the entire value chain in developing nations to open new horizons for the food sweetener and announcement of international players are driving the demand of the food sweetener market during the projected period.
With the COVID-19 outbreak global economy and several businesses were impacted, which include this one as well. The major manufactures of this segment are re-formulating their strategies and ensuring that the production process remains safe as well as clinging to government framed regulations/norms for the current scenarios in order to keep the market stable.
Market Trends, Drivers, Restraints, and Opportunities
- Growing obese or overweight people within the country in expected to propel the market in the coming years.
- Increasing number of disease associated with high consumption of sugar such as diabetes and cardiovascular (CVD) is estimated to spur the market during the forecast period.
- Increasing demand of sweetener in emerging economies is anticipated to boost the market during the projected period.
- Increasing penetration of foreign players in the market is estimated to drive the market in the coming years.
- R&D and technological advancement with regards to develop sugar alternatives that offer taste along with the benefit creates immense opportunities for the players in the market.
- Increasing incidence of life disorder and imbalance of food calories is anticipated to impel the market during the forecast period.
- Growing awareness towards health and the risk factors associated with the consumption of artificial sweetener and rising demand for natural-based sweetener is estimated to surge the market during the projected period.
Scope of the market
The report on the Egypt food sweetener market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Food sweetener market – Egypt Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Starch Sweetener and Sugar Alcohols, High Intensity Sweetener, and Sucrose (Common Sugar)), Applications (Bakery, Dairy, Confectionery, Beverages, Soups, Sauces, & Dressings, and Others)
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Country
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Egypt
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DuPont; Tate & Lyle PLC; JK Sucralose Inc; Cargill Inc.
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Market segment insights
The high intensity sweetener segment is expected to exhibit high CAGR
Based on types, the market is segregated into starch sweetener & sugar alcohols, high intensity sweetener, and sucrose (common sugar). The high intensity sweetener segment is expected to exhibit high CAGR in the coming years due to growing awareness about the health concern among the people and increasing use of dietary food in several industries such as beverages and pharmaceuticals. It is widely used although it comprises of sweeter than sugar, but the calorie content is extremely low.
The beverages segment is estimated to hold key share of the market
On the basis of applications, the market is fragmented into bakery, dairy, confectionery, beverages, soups, sauces, & dressings, and others. The beverages segment is estimated to hold key share of the market in the coming years owing to growing demand for the low-calories based products, furthermore populations’ preference shift towards organic-based, functional, natural positioning and highly convenient beverages augments the segments demand for sweetener, especially when they are extracted naturally from plants such as stevia, agava, monk fruits and more.
Segments
Egypt food sweetener market has been bifurcated on the basis of
Types
- Starch Sweetener and Sugar Alcohols
- High Intensity Sweetener
- Sucrose (Common Sugar)
Applications
- Bakery
- Dairy
- Confectionery
- Beverages
- Soups, Sauces, & Dressings
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Egypt food sweetener market include DuPont; Tate & Lyle PLC; JK Sucralose Inc.; Cargill Inc.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In May 2018, Tate & Lyle PLC announced a strategic partnership with 15% equity of sweet Green Field. The deal was to strengthen the company leading port-folio of stevia-based solutions.
In July 2020, Cargill Inc. launched a product know as C-TruSweet which enables a 30% sugar and calories reduction in beverages and other food applications through lower usage level
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