The Russia food sweetener market is projected to expand at a CAGR of 5.1% during the forecast period, 2021-2028. The growth of the market is attributed to the increasing concern regarding the prevalence of obesity in the country.
The food sweetener market is majorly affected by the volatility in prices, trade, consumer habits, and stringent regulations in Europe. Overall, the huge demand for food has led the entire value chain in developing countries to open markets for food sweeteners and rising penetration from foreign players, driving the demand for food sweeteners.
The use of different blends of low-calorie sweeteners, subtle taste options can be achieved. Manufacturers choose low-calorie sweetener owing to rising health consciousness among consumers. There is an exponential increase in the amount of processed low-calorie and diet food products that contain artificial sweeteners.
Many sweetener categories such as polyols or natural caloric sweeteners are approved for use due to its long history of use, and thus many such sweeteners are allotted Regarded as Safe (GRAS) status.
The consumption of sugar substitutes is increasing rapidly in Russia. This is attributed to consumer awareness, government regulation to reduce sugar consumption, and application of the same in various health & wellness food products in the country.
Market Drivers, Restraints, Trends, and Opportunities
- Rising awareness about sugar and its health hazards have encouraged people to switch to artificial sugar, which is driving the market in the country.
- The COVID-19 outbreak has increased the demand for low-calorie food products. However, the disruption in supply chain has hampered the market growth.
- Rising trend of natural sweeteners is expected to boost the growth of the market.
- Growing inclination toward fitness activities and rising preference for organic food products are anticipated to spur the market growth in the projected timeline.
- Growing population and rapid growth of the food processing industry are expected to proliferate the market growth.
- Increasing investments in the R&D activities to produce high-quality food sweeteners is expected to create lucrative opportunities during the forecast period.
Scope of the Report
The report on the Russia food sweetener market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
| Attributes |
Details |
| Report Title |
Russia Food Sweetener Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year |
2020 |
| Historic Data |
2018–2019 |
| Forecast Period |
2021–2028 |
| Segmentation |
Types (Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, High-Intensity Sweeteners (HIS)), Applications (Dairy, Bakery, Soups, Sauces and Dressings, Confectionery, Beverages, and Others) |
| Geographical Zone |
Russia |
| Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report |
Cargill Inc, Tate & Lyle PLC, Archer Daniels Midland Company, DuPont, JK Sucralose Inc |
Russia Food Sweetener Market Segment Insights
Starch sweeteners and sugar alcohols segment to account a large market share
Based on types, the market is divided as sucrose (common sugar), starch sweeteners and sugar alcohols, and high-intensity sweeteners (HIS)). The starch sweeteners and sugar alcohols segment is projected to account for a large market share during the forecast period. The segment growth is attributed to the increasing use of starch sweeteners in various foods products. Various food manufacturers in the country are using the starch sweeteners to improve the taste. On the other hand, the common sugar segment is expected to grow at a healthy rate during the forecast period.
Sauces and dressings segment to exhibit a robust CAGR
Based on application, the market is classified as dairy, bakery, soups, sauces and dressings, confectionery, beverages, and others. The sauces and dressings segment is projected to exhibit a robust CAGR during the forecast period. Increasing use of sweeteners in various sauces and dressings to create different flavors is driving the growth of the market segment. The sweeteners are being extensively used to experiment with the tastes of various sauces and dressings to create different recipes.
Segments
Types
- Sucrose (Common Sugar)
- Starch Sweeteners and Sugar Alcohols
- High-Intensity Sweeteners (HIS)
Applications
- Dairy
- Bakery
- Soups
- Sauces and Dressings
- Confectionery
- Beverages
- Others
Country
Key players
Competitive Landscape
Some of the major players in the Russia food sweetener market includes Cargill Inc, Tate & Lyle PLC, Archer Daniels Midland Company, DuPont, and JK Sucralose Inc.
Companies are bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners. Moreover, they’re engaging in partnerships with local manufacturers and are focusing on expanding their production capacity to expand their market share.
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