Market Analysis
The global sweeteners market is likely to grow at a 4.9%CAGR between 2017- 2023, reveals the new Market Research Future (MRFR) report.
Sweeteners, simply put, are food additives that are used as a substitute to
sugar. It is used to improve the shelf life and palatability of food products
and is available in two forms, natural sweeteners that are naturally produced
and artificial sweeteners. Sweeteners are calorie-free or low in calorie, thus
have gained immense traction, especially among the health-conscious consumers.
Beverages, dairy & frozen desserts, bakery and confectionery, and others,
are some of the key applications of sweeteners.
Numerous factors are adding to the global sweeteners marketgrowth. Such factors, as revealed by the latest MRFR report, include new
product developments, technological advancements, increasing inclination of
consumers towards low-calorie products, rising health concerns among consumers,
and increasing prevalence of diabetes and obesity. Additional factors
propelling the global market growth include burgeoning demand for low-calorie
products that have influenced manufacturers to develop sweeteners, the
substitute to sugar, and the rapidly growing bakery & confectionery and
beverages industry.
On the contrary, certain side effects resulting fromartificial sweeteners may limit the global sweeteners market over the forecast
period.
Key Players
Notable players profiled in the global sweeteners marketreport include CELANESE CORPORATION (U.S.), AJINOMOTO (Japan), Tate & Lyle
plc (U.K), DuPont Nutrition & Health (Denmark), Cargill Incorporated
(U.S.), Kerry Group PLC (Ireland), and Archer Daniels Midland Company (U.S.),
among others. Industry players have incorporated strategies such as strategic
alliances, partnerships, new product launches, and new product development,
collaborations, extensive research and development activities, joint ventures,
and mergers & collaborations to stay ahead in the competition and also
cater to consumers growing needs.
Market Segmentation
The Market Research Future Report provides an inclusivesegmental analysis of the global market based on application and type.
By type, the global sweetenersindustry is segmented into artificial sweeteners and natural sweeteners.Natural sweeteners are again segmented into erythritol, xylitol, stevia, and
others. Of these, stevia will lead the market over the forecast period.
Artificial sweeteners are again segmented into glutamate, acesulfame K,
neotame, sucralose, aspartame, and others. Of these, aspartame will dominate
the market over the forecast period, followed by sucralose.
By application, the global sweeteners market segment intobeverages, dairy & frozen desserts, bakery and confectionery, and others.
Of these, bakery and confectionery will have a major share in the market over
the forecast period followed by beverages.
Regional Analysis
By region, the global polyolsweeteners market covers the growth opportunities and recent trends acrossEurope, North America, the Asia Pacific (APAC), and the Rest of the World
(RoW). Of these, North America will lead the market during the forecast period
for the rising health-conscious population. The US is the key contributor in
the region.
The global sweeteners market value in Europe is predicted tohold the second-largest share during the forecast period for the rapidly
growing beverage market. Netherlands, France, Germany, and the UK are the key
contributors in the region.
The global sweeteners market analysis in the APAC region ispredicted to grow at a quick pace and a higher CAGR over the forecast period
for the increasing application of sweeteners in various industries. China is
the key producer of sweeteners, followed by India.
The global sweeteners industry in the RoW is predicted tohave healthy growth over the forecast period.
Industry News
March 2020: MTC Holdings, Inc., has completed its R&Dphase for its line of Hemp You Can Feel coffee creamers and sweeteners. This
product line will include three powdered non-dairy creamers, two organic sweeteners,
and two low-calorie sweeteners.
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considering Covid19 Footprints for Better Analysis of Market and Industries.
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