The report analyzes segments including bakery & cereal, beverages, dairy, and confectionery. The others segment held the highest market share in 2021, contributing to more than one-third of the market. This is owing to the increased usage of table top sweetener as it is easy to use and mixes directly with the food. The table top sweetener segment to witness fastest growth rateīased on category, the table top sweetener segment is projected to manifest the highest CAGR of 7.5% from 2022 to 2031. The sucrose segment to maintain its leadership status throughout the forecast periodīased on type, the sucrose segment held the highest market share in 2021, accounting for around three-fourths of the global sweetener market, and is estimated to maintain its leadership status throughout the forecast period, owing to its wide usage and increasing availability in the market at a low cost. However, the high-intensity sweeteners segment is projected to manifest the highest CAGR of 6.7% from 2022 to 2031, owing to the increased demand for high-intensity sweeteners as it has a low-calorie content. Furthermore, due to limitations on the functioning of restaurants, bars, and geographically specialized sales channels, government-enacted stay-at-home directives had significantly limited end-consumer's ability to buy certain food or beverage commodities in the United States and other markets.The government's action affected customers since they were unable to purchase items during the government-mandated closure, thus affecting customer demand for the products.
Many countries had considered sweeteners as a non-essential item in the crisis of the pandemic.The outbreak of the Covid-19 pandemic had a negative impact on the global sweetener market, owing to temporary closure of sweeteners manufacturing firms during the lockdown.
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