Press release
Natural Sweeteners to Witness Significant Demand in the Global Market during 2017-2026
The shift in the consumer preference towards food and beverages including natural ingredients is growing at a faster phase. Moreover, soft drink producers are also witnessing rising demand for a soft drink with reduced sugar. Hence, to meet the demand, producers are replacing sugar with natural and artificial sweeteners. A lot of research activities are also going on to produce new natural sweeteners. Companies are also investing in advanced technologies to for product development with innovative and superior quality.
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Asia Pacific to Dominate Global Market for Natural Sweeteners
In terms of the geography, the global market for natural sweeteners has been segmented into North America, Asia Pacific excluding Japan, Latin America, Japan, the Middle East and Africa, and Europe in this research study.
Among these, the Asia Pacific excluding Japan market has acquired the dominance, owing to the high demand for various Asian food, such as flavored pastes, pickles, and sauces. This regional market is anticipated to remain on the top over the next few years. North America and Europe are also expected to witness a significant rise in the years to come, states the research report.
Rise in Diabetes and Obesity to Support Growth
“The global market for natural sweeteners is driven significantly by the rising concerns among consumers pertaining to obesity and overall health and fitness,” says a TMR analyst. The increasing prevalence of diabetes among people across the world is also fueling the demand for natural sweeteners, reflecting positively on the growth of this market. In the coming years, innovations by vendors are likely to boost this market significantly, reports the market study.
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The global market for natural sweeteners is demonstrating an intensely competitive business landscape, thanks to the presence of market participants in a large number, states a new report by Transparency Market Research (TMR). Some of the key players in this market are Tate & Lyle, Niutang Chemical Ltd., MacAndrews & Forbes, Cargill, Ajinomoto Co., DuPont, Symrise AG, Nestlé S.A., Archer Daniels Midland Co., Wilmar International Ltd., American Sugar Refining Inc., Associated British Foods, Ingredion Inc., and Roquette Frères. The level of rivalry between these players is significantly high and is expected to continue to increase in the years to come, notes the market study.
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