Press release
Sweeteners Market has increased its sales having 4.9% CAGR forecast 2023
Increasing demand for low calorie products have influenced the manufacturers to substitute sugar by sweeteners in their product line. Industry growth of bakery and confectionery followed by beverages will boost the growth of global sweeteners market.
Rising problem of obesity and diabetes among the growing population is driving the growth of the market. Moreover, increasing health concerns among the consumers and their inclination towards low calorie products is influencing the growth of sweeteners market. Additionally, technological advancements followed by new product developments will surge the growth of sweeteners market. However, side effects associated with the artificial sweeteners may hamper the growth of sweeteners market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.9% of sweeteners market during the forecast period 2017-2023.
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Key Players:
Some of the key players profiled in the global Sweeteners market are Archer Daniels Midland Company (U.S.), Kerry Group PLC (Ireland), Cargill Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Tate & Lyle plc (U.K), AJINOMOTO (Japan), CELANESE CORPORATION (U.S.)
Regional Analysis:
The global sweeteners market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. In North America, increasing health conscious population is driving the growth of sweeteners market. U.S. is the major contributor of sweeteners market in North America.
High growth of beverage market in Europe is influencing the growth of sweeteners market in this region. U.K, Germany, France and the Netherlands are majorly contributing in the growth of sweeteners market in Europe. Asia Pacific is witnessed to be the fastest growing region for sweeteners market in which China is the major producer of sweeteners followed by India. Growing application of sweeteners in wide range of industries will boost the growth of sweeteners market in the rest of the world.
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