Germany Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Germany Food Sweetener market is projected to grow at a CAGR of 1.72% during the forecast period (2020-2025).
Key HighlightsIn Germany, more than 100 companies are manufacturing products that contain steviol glycosides. All of these companies use the term stevia to promote the sweetening effect of food additive. The bulk sweetener market is predicted to experience very slow growth rate in Germany due to the replacement of these bulk sweeteners with natural and low-calorie sweeteners like stevia, this is due to the approval by both the United States and European regulators for the use of stevia sweetener, and the demand for stevia leaf is skyrocketing. Some of the key players in the market, like Cargill Inc., Ingredion Incorporated, and Organic Stevia GmbH hold the major share in the Germany stevia market. The only drawback of the stevia market is that its plant is far more expensive than artificial sweeteners including aspartame, saccharin and sucralose.
Glucose is the Fastest Growing Segment in Germany Bulk Sweetener MarketGlucose, also called dextrose is a simple sugar found naturally in foods such as fruits and honey. It is also derived from plants, like corn, for use as a sweetener in foods. According to the Sugar Association, dextrose is crystalline glucose and a majority of dextrose used in food is derived from cornstarch. Various applications of glucose in foods include desserts like cake mixes, cookies, custards and sherbets as well as in snack foods like crackers and pretzels. Crystalline dextrose contains less sweetness compared to sucrose. Though it is advantageous in various applications, its usage is limited compared to other bulk sweeteners such as sucrose, HFCS, and Fructose. The majority of the German population is employed and they consume glucose incorporated products to gain energy leading to higher demand.
Competitive LandscapeGermany Sweetener Market is fragmented and acquisitions, new product launches, joint ventures, and expansion are the most preferred growth strategies of the players. The leading companies of the market are focusing on expansion and partnerships and the major players of the market are Cargill, Incorporated, Tate & Lyle, Organic Stevia GmbH and Ingredion Incorporated.
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