High prevalence of obesity and diabetes, coupled with rising demand for fermented sweeteners, especially low-calorie fermented sweeteners are major factors boosting growth of the global market. But, high costs associated with setup and production of fermented sweeteners is a major factor hampering growth of the global market currently.

On the basis of application, the global fermented sweeteners market is segmented into food & beverages, pharmaceuticals, and others. The pharmaceuticals segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, the food & beverages segment is projected to witness moderate growth over the forecast period.

The global fermented sweeteners market report has been segmented on the basis of product type, source, application, and region. On the basis of region, the global fermented sweeteners market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to high adoption of fermented sweeteners in food products in the region. Moreover, increasing use of fermented sweeteners in alcoholic beverages is another major factor anticipated to propel growth of the North America market over the forecast period. Revenue from the market in Asia Pacific accounted for second-highest revenue share and is closely followed by the markets in Europe, Latin America, and Middle East & Africa respectively. This is attributed to increasing use of fermented sweeteners in beverage products in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising demand for low-calorie fermented sweeteners in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global fermented sweeteners market include Koninklijke DSM N.V., Evolva Holding Company, PureCircle Ltd., Ingredion Incorporated, Cargill Inc., Sweet Green Fields LLC, Holland Sweetener Company, Ajinomoto Co. Inc., The Archer Daniels Midland Company, and Changzhou Niutang Chemical Plant Co. Ltd.