The Italy Food Sweetener Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023 – 2031. Growth of the market is attributed to the use of sweeteners in different energy drinks.
Sweeteners are defined as food additives intended to sweeten foods. Edible sweeteners are products that contain permitted sweeteners and are designed to maximize sales. Consumption is often used as a substitute for sugar. Sweeteners such as sugar and honey are not additives and are not subject to government regulations. Sweeteners are classified as high intensity or large amounts. Sweeteners taste very sweet, but they are not high in calories. They basically increase the volume of food and are sweeter than sugar, so the amount is very small.
The Covid-19 pandemic affected the demand and supply of Italy food sweeteners market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing awareness regarding healthy foods and rising health consciousness is projected to boost the market during the forecast period.
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Rapid growth of the beverages industry owing to rising demand in sports drink is major factors fueling the market in the coming years.
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Growing geriatric population and increasing diabetic patients is anticipated to drive the market during forecast period.
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High cost of natural food sweeteners is projected to hamper the market growth.
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Lack of awareness among consumers about the benefit of consuming natural sweeteners act as major factors that can hamper the market growth during the forecast period.
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R&D investment and development of innovative products with new flavors and high nutritive value is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the Italy food sweeteners 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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Italy Food Sweetener Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Sucrose, Starch Sweeteners & Sugar Alcohols [Dextrose, High Fructose Corn Syrup, Malt dextrin, Sorbitol, Xylitol, and Others], and High Intensity Sweeteners [Sucralose, Aspartame, Saccharin, Cyclamate, Neotame, Stevia, Ace-K, and Others]), and Applications (Dairy, Bakery, Confectionery, Beverages, Soups, Sauces & Dressings, and Others)
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Geography
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Italy
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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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Tereos S.A.; Cargill; Ingredion; and Tate & Lyle
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Market Segment Insights
Stevia under High Intensity Sweeteners segment is projected to represent a major market share
In terms of product types, the Italy food sweeteners market is fragmented into sucrose, starch sweeteners & sugar alcohols, and high intensity sweeteners. High intensity sweetener segment is sub-segmented into sucralose, aspartame, saccharin, cyclamate, neotame, stevia, ace-K, and others. The stevia segment is expected to represent a key share of the market during the forecast period.
Stevia is a plant sugar with the rapid growth in demand for foods labeled as natural and organic; it is popular as a natural sweetener. The sweetener stevia was generally considered safe and the product was quickly used in the food industry as a substitute for sugar. The sweet component of stevia is called steviol glycoside, which is naturally present in stevia leaves.
These are the isolated and refined sweetness components of stevia leaves. In addition, stevia sweeteners do not add carbohydrates or calories to foods and beverages to which they are added. It also does not affect blood sugar or insulin response, so diabetics can choose more foods and stick to a healthy diet plan by substituting stevia for sugar.
On the other hand, the sorbitol segment under starch sweeteners & sugar alcohols is anticipated to expand at a rapid pace during the forecast period. Sorbitol is produced by the catalytic hydrogenation of glucose to glucitol (sorbitol) and is used as filler, masking agent, thickener, sweetener, and humectant in various fields. Since baked goods and confectionery have the ability to maintain freshness, prevent spoilage, and maintain fixed moisture content in the product, their production is expected to increase steadily.
The Dairy segment is expected to grow at a significant pace
Based on applications, the market is segmented into dairy, bakery, confectionery, beverages, soups, sauces & dressings, and others. The dairy segment is expected to hold a key share of the market during the forecast period. Adding sweeteners to dairy and frozen products can reduce added sugar and calories, making them more attractive to consumers who read labels.
Therefore, it becomes more important for food manufacturers to provide transparent information about sweetener systems. On the other hand, the beverage segment is anticipated to expand at a rapid pace during the forecast period. At present, natural sweeteners are favored in beverages such as carbonated weight-loss drinks and flavored water. Stevia is an important natural sweetener in beverages. Energy drinks, soda water, instant tea, flavored water, and juice options.
Segments
The Italy food sweeteners market has been segmented on the basis of
Product Types
- Sucrose
- Starch Sweeteners & Sugar Alcohols
- High Intensity Sweeteners
Applications
- Dairy
- Bakery
- Confectionery
- Beverages
- Soups
- Sauces & Dressings
- Others
Key Players
Competitive Landscape
Key players competing in the Italy food sweeteners market include Tereos S.A.; Cargill; Ingredion; and Tate & Lyle.
Some of these players are Tereos S.A.; Cargill; Ingredion; and Tate & Lyle several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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