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India Alternative Sweeteners Market Forecast 2021-2026

KEY FINDINGS
The India alternative sweeteners market is expected to record a CAGR of 4.14%, over the forecast years. The country's market growth is propelled by key aspects, such as, the rising adoption of artificial sweeteners and the increasing prevalence of obesity and diabetes. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2026.

MARKET INSIGHTS
Artificial sweeteners in India are observing increased demand, owing to the altered regulatory environment and permissions for using sweeteners in biscuits, dairy products, and confectionery. In 2016, the overall production of sugarcane in India declined by 12%, over the previous year. In this regard, the Indian Sugar Mill Association (ISMA) reported that weak monsoons across sugarcane-growing states such as Karnataka and Maharashtra, is the leading cause of declining production volumes.
On the other hand, consumers have also adopted artificial sweeteners, due to the growing awareness about the risks associated with diabetes. Moreover, India's diabetic populace is anticipated to reach nearly 100 million, over the upcoming years, thereby fueling consumers' inclination towards sugar substitutes. Children aged 13-14 years are also susceptible to diabetes, due to lifestyle changes like the rising incidence of obesity, the lack of physical activity, and the surging consumption of junk food and fast food. Thus, such factors are expected to supplement the market for alternative sweeteners in India, over the forecast period.

COMPETITIVE INSIGHTS
Key players operating in the market are, NutraSweet Company, Purecircle Ltd, Cargill Incorporated, Tate & Lyle PLC, etc.

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India Alternative Sweeteners Market Forecast 2021-2026
Published By :Inkwood Research
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