Europe Plant-Derived and Synthetic Sugar Market is Expected to Reach a Value of USD 13,669.49 million by 2029

 The Europe Plant-Derived and Synthetic Sugar market is driven by the numerous benefits they offer to companies and employees. The Europe Plant-Derived and Synthetic Sugar market is also driven by increased demand for healthy food ingredients in the food and beverage industry. People’s awareness of natural sweeteners puts manufacturers’ demand to supply natural sweeteners. It ultimately acts as a driver for the growth of the market.

Consumers are increasingly looking for foods that are minimal in calories, fat, sodium, and added sugars as part of a growing trend toward healthy eating. Manufacturers of artificial and plant-derived sugar can take advantage of this opportunity to enter this expanding market. However, the high cost of plant-derived sugar compared to regular sugar is one of the main restraining factors limiting the market’s growth.

Data Bridge Market Research analyses that the global Europe Plant-Derived and Synthetic Sugar market is expected to reach a value of USD 13,669.49 million by 2029, at a CAGR of 3.0% during the forecast period.

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Europe Plant-Derived and Synthetic Sugar Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers:

• Rise in the demand for healthy food ingredients in the food and beverage sector

Many people prefer to include natural ingredients in daily diets. Natural ingredients are becoming increasingly important in the food and beverage business, and consumers and producers are turning to them. Consequently, using natural ingredients in the food and beverage business increases the demand for sugar from plants. Customers are looking for a healthy alternative to sugar.

Several plant-derived sugar alternatives are on the market, including stevia, Yacon Syrup, Xylitol, Erythritol, Coconut Sugar, and Maple Syrup. A stevia is a good option for diabetic patients who prefer sugar substitutes with no calories. Since stevia contains no calories and has no adverse health consequences, its demand is rising. Xylitol is another plant-based sugar derived from corn and in many fruits and vegetables.

• Wide application of Europe Plant-Derived and Synthetic Sugar in various global industries

Europe Plant-Derived and Synthetic Sugar has immense potential to be used in food and beverages, pharmaceutical, biofuel, cosmetics, and others. Hybrid sugarcane (Saccharum spp.) has enormous potential as a significant global feedstock for biofuel generation. Due to its outstanding ability to produce biomass, high carbohydrate (sugar + fiber) content, and a favorable energy input/output ratio, it is regarded as one of the finest biofuel possibilities. It is essential to develop enhanced sugarcane cultivars with superior biomass degradability to increase sugarcane biomass’s conversion into biofuels. 

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OPPORTUNITY

EXPANSION AND NEW PRODUCT LAUNCHES IN THIS INDUSTRY

As an alternative to sugar, artificial sweeteners are becoming more and more common. The prevalence of obesity, diabetes, and metabolic syndrome has increased. This, combined with increased consumer knowledge, has resulted in a continuous paradigm change favoring artificial sweeteners with few calories.

These artificial sweeteners, non-nutritive sweeteners (NNS), low-calorie sweeteners, and intense sweeteners deliver more sweetness per gram while having zero or a few calories. They are used in beverages, nutritional supplements, medications, and mouthwashes. These are used by both obese and lean people, diabetics and non-diabetics, adults, and children, and their general use is a result of intensive marketing and raised health awareness.

Post-COVID-19 Impact on Global Europe Plant-Derived and Synthetic Sugar Market

Post the pandemic, the demand for sugar products has increased as there won’t be any restrictions on movement; hence, the supply of products would be easy. In addition, the growing trend of plant-based sugar substitutes for table sugar and the increased demand for plant-based sugar ingredients in nutrition and food processing after the coronavirus outbreak are expected to drive the market’s growth.

Global Europe Plant-Derived and Synthetic Sugar Market Scope

Global Europe Plant-Derived and Synthetic Sugar market is segmented into three notable segments based on type, application, and form. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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Type

• Plant-derived sugar
• Synthetic sugar

Form

• Dry
• Liquid

Application

• Food and beverages
• Dietary supplements
• Pharmaceutical
• Sport nutrition
• Others

Some of the major players operating in the global Europe Plant-Derived and Synthetic Sugar market are:

ADM, Cargill, Incorporated, Ingredion, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW Foods, Roquette Frères, NutraSweet Co, Tate & Lyle, PYURE BRANDS LLC, Hermes Sweeteners Ltd., Südzucker AG, HSWT, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, Grupo PSA, JK Sucralose Inc, and others.