Data Bridge Market Research analyses that the global plant-derived and synthetic sugar market is expected to reach a value of USD 77,167.42 million by 2029, at a CAGR of 3.3% during the forecast period.
A product that is used to sweeten food is sugar. Sugar from plants is known as “plant-derived sugar,” It is utilized in various sectors, including those that produce animal feed, beverages, biofuels, food, cosmetics, and pharmaceuticals. In the food, beverage, pharmaceutical, and other industries, synthetic sugar is a form of sugar manufactured chemically by the chemical industry.
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Post-COVID-19 Impact on Global 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. The increased demand for plant-derived sugar like stevia enables manufacturers to launch new healthy sugar substitutes as an ingredient in nutritional food & beverages, ultimately increasing the demand for sugar additives, which has helped the market grow.
Global Plant-Derived and Synthetic Sugar Market Scope
Global 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.
Type
- Plant-derived sugar
- Synthetic sugar
On the basis of type, global plant-derived and synthetic sugar market is segmented into plant-derived sugar and synthetic sugar.
Form
- Dry
- Liquid
On the basis of form, global plant-derived and synthetic sugar market is segmented into dry and liquid.
Application
- Food and beverages
- Dietary supplements
- Pharmaceutical
- Sport nutrition
- Others
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Competitive Landscape and Global Plant-Derived and Synthetic Sugar Market Share Analysis
The global plant-derived and synthetic sugar market competitive landscape provides details of a competitor. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the global plant-derived and synthetic sugar market.
Some of the major players operating in the global 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.
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