Global Sweeteners Market – Overview
Growing application of sweeteners in bakery and confectionery products is driving the growth of sweeteners market globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Sweeteners Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR during the forecast period.
Sweeteners are low in calorie or calorie free flavoring which are gaining popularity among health conscious consumers. They are also used to enhance the delectableness and shelf life of various food products. Growing demand of low calorie sugar substitutes in food and beverage industry is supporting the market growth from last few years. Rising cases of diabetes and obesity is a major concern among the consumers which is driving the growth of sweeteners market. Furthermore, changing consumer preference towards acceptance of food and beverages containing natural ingredients will drive the growth of natural sweeteners in the market.
Prolonged government approvals in various countries regarding the use of artificial sweeteners is playing key role in the growth of sweeteners market. Additionally, increasing demand of beverage industry is supporting the growth of sweeteners market. Nevertheless, growing prices of natural sweeteners due to high production cost may hinder the growth of sweeteners market in upcoming years.
Key Findings
- Aspartame is gaining high traction in diet soft drinks
- China is the largest producer of high intensity sweeteners followed by Indonesia, the U.S., and Western Europe
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Global Sweeteners Market – Competitive Analysis
The key players are highly focusing innovation in production technologies and packaging to improve production efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in sweeteners report are
- Cargill Incorporated (U.S.)
- DuPont Nutrition & Health (Denmark)
- Tate & Lyle plc (U.K)
- AJINOMOTO (Japan)
- CELANESE CORPORATION (U.S.)
- Archer Daniels Midland Company (U.S.)
- Kerry Group PLC (Ireland)
Global Sweeteners Market – Segments
The Global Sweeteners Market has been divided into type, application, and region.
On The Basis Of Type
- Natural (stevia, xylitol, erythritol)
- Artificial (aspartame, sucralose, neotame and others)
On The Basis Of Application
- Bakery and confectionery
- Dairy and frozen desserts
- Beverages
Global Sweeteners Market – Regional Analysis
The Global Sweeteners Market is segmented into Asia Pacific, Europe, North America, and rest of the world (RoW). North America holds major market share followed by Europe. In North America, growing demand of sweeteners from health conscious population is driving the growth especially in the U.S which is major contributor of sweeteners market in North America.
In Europe, significant growth of beverage market is supporting the growth of sweeteners market in this region. France, Netherlands, U.K. and Germany are majorly contributing in the market share of Europe sweeteners market. The Asia Pacific region will witness higher growth rate for sweeteners market whereas, China will continue to dominate the market followed by India during the forecast period. Rising application of sweeteners in various industries will support the market growth market in the rest of the world.
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Intended Audience
- Bakery and confectionery industry
- Dairy industry
- Beverage industry
- Sweeteners manufacturers
- Traders, importers and exporters
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