Global Plant Derived and Synthetic Sugar Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at CAGR of XX% during forecast period of 2020 to 2027.
Sugar is an ingredient used for sweetening, which can be extracted from some plant sources or can be synthesized in laboratories. Sugar can be derived from sugar crops, cereals, milk, fruits, and seaweeds. Sugar, which is extracted directly from a plant source and without any value addition presented to market is defined as plant derived sugar. Whereas, sugar which is manufactured indirectly from a different source are known as synthetic sugars. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Food & beverage industry is witnessing the rewarding growth in past years, which in turn supplements the plant derived and synthetic sugar market. Population around the globe are getting more attracted towards organic ingredients and products that has significantly fuelled the demand for natural food ingredients. Naturally-derived sweeteners are chosen over synthetic sweeteners, as they don't have any adverse impact on health, thus the plant derived sugar has experienced the increasing growth since the last few years. This source of sugar was accounted US$ XX.XX Mn in 2019 and anticipated to reach US$ XX.XX Mn by end of the 2027. On the contrary, the food & beverage industry has experiencing the rise in demand for healthy food ingredients, which has resulted decrease in consumption of plant derived as well as synthetic sugar. There is a subsequent decrease in the consumption of food & beverages containing more plant derived and synthetic sugar. Owing to the adverse health consequences such as diabetes and obesity. Despite the fact people are getting aware and there is reduction in plant derived and synthetic sugar consumption at present, yet there is a great market opportunities & demand for plant derived and synthetic sugar as it is an irreplaceable food ingredient. The report on global plant derived and synthetic sugar market, from MMR, provides a complete analysis market including manufacturers, suppliers, distributors, traders, investors & customers. The global plant derived and synthetic sugar market dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the global plant derived and synthetic sugar market. Lifestyle and Demographic Changes to Tempt Eating & Drinking Habits and Stimulus to Plant Derived and Synthetic Sugar Market Growth There is an extraordinary change in the eating and drinking habits of population around the globe. Improvements in economic conditions of several countries generated more disposable incomes and a higher standard of living, which has contributed to the change in consumption pattern. The attraction of
