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The North America sweeteners market is aided by the growing stevia market. Stevia is a sweetener, which is sweeter than table sugar but contains less calories. Its low-calorie content makes it a favourite among consumers. The natural sweeteners market is growing due to the increased demand for stevia, especially among people suffering from diabetes and obesity. It is also a preferred sweetener for people looking for healthier options.
In 2017, another major player, PureCircle introduced new stevia leaf-based flavour enhancers to ensure that food and beverages companies produce cost effective vanilla and cocoa flavoured products.
A new partnership was announced by the major players, Archer Daniels Midland Company (NYSE: ADM) and GLG Life Tech Corporation (TSX: GLG) in 2016 to manufacture and sell low calorie sweetener, Stevia. The Reb M Dream sweetener and Reb M Dream Sweetener Stevia Leaf were introduced in 2018 by GLG Life Tech Corporation (TSX: GLG) and Archer Daniels Midland Company (NYSE: ADM). It adds pure sweetness to food and beverages.
In 2020, Ingredion Incorporated (NYSE: INGR), one of the leading key players, announced that Reb M stevia leaf sweetener was added to the list of permitted food additives by the Singapore Food Agency.
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The major players in the North America natural sweeteners market are PureCircle, Cargill, Incorporated, Archer-Daniels-Midland Company, Tate & Lyle, Stevia First Corporation, Sweegen, Ingredion Incorporated, GLG Life Teach Corporation among others. The comprehensive report by EMR covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.
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