Sweetener Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
In 2021, the sweetener market is valued at nearly US$ 137 Bn. The market is projected to grow at a CAGR of 3.2% through 2027, reaching nearly US$ 160 Bn by 2027. Food and Beverages is the largest application segment for sweetener market that is valued at US$ 95 Bn with the projection value of US$ 115 Bn at 3.2% CAGR through 2027. Sucrose is the preferred product type globally, and estimated to be worth US$ 26.83 Bn by 2027. One of the latest trends witnessed in the global sweetener market is the rise in the production of organic sweeteners. Companies operating in the sweetener market are diversifying their product portfolio by reading the consumers’ sentiments about organic honey, organic sugar, stevia, and more. Such products are found to be reducing blood-sugar levels. In addition, several studies have found that stevia has a high degree of digestive tolerance with low carbohydrate content. Such a blend of health without compromising on the taste of sugar could bring prodigious p