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North America Alternative Sweeteners Market Forecast 2021-2028

The North America alternative sweeteners market is anticipated to grow with a CAGR of 1.92%, across the forecast years of 2021 to 2028. The strict regulations governing sugar, the increasing consumption of processed foods, and diabetic patients' inclination towards alternative sweeteners, are among the key factors fueling the region's market growth.

The North America alternative sweeteners market growth is assessed by evaluating Canada and the United States. Canada's market for alternative sweeteners continues to observe a steady demand for sweeteners, primarily across the food and beverage industry. According to the report issued by Statistics Canada, the country's population is limiting sugar intake from sugary drinks. In addition, sugar consumption in Canada is expected to gradually decrease over the upcoming years. This factor is projected to aid the country's market growth, since consumers are potentially switching to low-intensity sweeteners. Moreover, they also try to avoid dental issues such as, tooth decay, mainly caused by the regular consumption of sugary drinks.
Conversely, sugar production capability in Canada is substantially low. The country has been dependent on imports over the last few decades, despite its position as a major region across the continent. Since countries in South America are among the leading exporters to Canada, they are subjected to related trade disputes. In this regard, Canada's regulatory structure, especially for sugar substitutes, is relatively extensive, covering natural as well as artificial sweeteners under the Food and Drugs Act and Regulations. Hence, these factors are set to fuel the market growth in Canada over the forecast period.

Some of the prominent companies operating in the market are, Ingredion Inc, Cargill Inc, Archer Daniels Midland Company, GLG Life Tech Corporation, etc.

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North America Alternative Sweeteners Market Forecast 2021-2028
Published By :Inkwood Research
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