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Global Natural High Intensity Sweeteners Market 2019 - Hyet Sweet, Tate and Lyle, Plc., Celanese Corporation, Cumberland Packing Corporation, Merisant, Ajinomoto Co., Inc.

11-29-2018 08:40 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Global Natural High Intensity Sweeteners Market 2019 - Hyet

High-intensity sweeteners are in high demand due to growing concerns about health, diet, and lifestyles and reduce calorie intake in their diet. Thus, food manufacturers have focused on producing low-calorie food products with similar taste.

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Global High Intensity Sweeteners Market was valued at $1,807 million in 2016, and is expected to reach at $2,134 million by 2023, registering a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are sugar substitutes required in lower concentration than other sweetening agents, such as sucrose, and comprises lesser calorie content. For instance, the compound aspartame is about 160-220 times sweeter than sucrose and is considered a high-intensity sweetener. Moreover, these sweeteners are widely used in the foods to prevent dental caries and foods consumed by diabetics as these inhibit dental caries and prevent increase in blood sugar levels. Furthermore, these sweeteners are extensively used by diabetics due to their low-calorie value. Moreover, the use of these sweeteners are regulated by Food and Drug Administration (FDA) for use as an food additive, and are commercially used after receiving an approval from Generally Recognized as Safe (GRAS), especially in Europe and North America.

High-intensity sweeteners are widely used as an alternative to sugar to enhance and sweeten various food & beverages. Moreover, these compounds are several times sweeter than regular sugar; and hence, are required in lower concentration for sweetening the products. These are used as replacements to sucrose (sugar) due to their overall sweeter taste and low-calorie content.

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The global high-intensity sweeteners market has witnessed significant growth, owing to ongoing developments and new applications in the food industry including dairy products & baked goods. In addition, concerns about health and nutrition among the population are the key drivers of the market. Moreover, stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract. Furthermore, surge in the number of health-conscious consumers especially in the developing economies and increasing incidence of diabetes and obesity have led to change in dietary habits of consumers. Thus, high-intensity sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe regions is expected to hamper the market growth.

The beverage segment accounted for one-third of the global market share, in terms of volume, in 2016. Furthermore, the demand for beverage industry is dependent on the consumption of high-intensity sweeteners through diet carbonated soft drinks and low-calorie food. Moreover, recent government initiatives in countries like UK, which has imposed sugar tax on sugar-based soft drinks are some of the key driving factors of the market. Furthermore, the use of cyclamate sweetener has increased in diet beverages and food, especially in the developing regions, such as Asia-Pacific and Africa, owing to increasing health awareness among the population.

In 2016, Asia-Pacific accounted for more than half of the global market, and is expected to continue this trend in the near future, owing to rapid growth of the food & beverage industry and growing health concerns among the population of China, India, Japan, and other developing countries.

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The major companies profiled in the report include Hyet Sweet, Tate and Lyle, Plc., Celanese Corporation, Cumberland Packing Corporation, Merisant, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose, Inc., Heartland Food Products Group, and Stevia First Corporation.

List of Figures

FIGURE 1. GLOBAL HIGH INTENSITY SWEETENERS MARKET: SEGMENTATION
FIGURE 2. GLOBAL HIGH INTENSITY SWEETENERS MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 3. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF NEW ENTRANTS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. U.S. HIGH INTENSITY SWEETENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 11. CANADA HIGH INTENSITY SWEETENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 12. MEXICO HIGH INTENSITY SWEETENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 13. FRANCE HIGH INTENSITY SWEETENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 14. GERMANY HIGH INTENSITY SWEETENERS MARKET VALUE, 2016-2023 ($MILLION)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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