Egypt Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Egypt Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Egypt Food Sweetener Market is forecasted to grow at a CAGR of 5.22% during the forecast period (2020-2025).

Key Highlights

• The demand for high intensity sweetener is growing due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in this category.
• Although presently, HIS does not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people.

Key Market TrendsIncreasing demand from emerging countries due to growing urbanization and rising affluence.

The majority of countries with high absolute consumption of sugar falls in the emerging economies category, and consequently these nations have high burden of lifestyle diseases as pointed by the World Health Organization (WHO). Consumption of high-intensity sweeteners in the United States, Canada, Western Europe, and Africa is expected to grow at lower rates, as the diet beverages market, the largest application sector, has matured. However, the demand in developing economies is expected to increase during the forecast period. Overall, the huge demand for food has led the entire value chain in developing countries to open markets for food sweeteners and new introductions from foreign players, driving the demand for food sweeteners.

Growing Demand for Sweeteners in various Application

There is an exponential year-on-year increase in the number of processed low-calorie and diet foods that contain artificial sweeteners. By using different blends of low calorie sweeteners, subtle taste options can be achieved. Manufacturers choose which low calorie sweetener to use, either on its own or as a blend, based on taste considerations, stability and cost. Many sweetener categories like polyols or natural caloric sweeteners are approved for use due to its long history of use and thus many such sweetener systems are allotted Generally Regarded As Safe (GRAS) status.

Competitive Landscape

The leading players in the Egypt Food Sweetener Market are Cargill, Kerry Group, Stevia First Corporation, DuPont, Ingredion, and Tate and Lyle Plc. Companies are bringing innovation in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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