Alternative Sweeteners Market by Product Type and Application | Global Opportunity Analysis and Industry Forecast 2018 - 2025

The global alternative sweeteners market was valued at $4,128.9 million in 2017, and is projected to reach $5,426.3 million by 2025, growing at a CAGR of 3.4% from 2018 to 2025. Alternative sweeteners are in high demand due to growing concerns about health, diet, and lifestyles and reduce calorie intake in their diet. The growing concern among consumers regarding weight gain, high cholesterol, obesity, and diabetes has led to the preference in consumption of food and beverages consisting of low calories sweeteners. The functional properties of artificial sweeteners such as low calorie content, easy digestion in the body, low glycemic index and relative sweetness as regular sugar have made them safer substitutes for sugar.These factors supports the growth of alternative sweeteners market.

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Alternative sweeteners are widely used as an alternative to sugar to enhance and sweeten various food & beverages. Moreover, these 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.

The global alternative sweeteners market has witnessed significant growth, owing to ongoing developments and new applications in the food industry including dairy products and baked goods. In addition, concerns about health and nutrition among the population drive the growth of the alternative sweeteners 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 increase in incidence of diabetes and obesity lead to changes in dietary habits of the consumers. Thus, alternative sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe is expected to hamper the growth of the global alternative sweeteners market.

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The beverage segment accounted for more than one-third of the global alternative sweeteners market share in 2017. Furthermore, the demand for beverage industry is dependent on the consumption of alternative sweeteners through diet carbonated soft drinks and low calorie food. Moreover, recent government initiatives in countries such as the UK, which has imposed sugar tax on sugar-based soft drinks drive the market growth. 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 an increase in health awareness among the population.

Comprehensive and Competitive Analysis of Leading Market Players

-Ajinomoto Co. Inc.
-Archer-Daniels-Midland-Company
-Cargill Incorporated
-DuPont Nutrition & Health
-GLG Life Tech Corporation
-Ingredion Incorporated
-Naturex S.A.
-Tate & Lyle Plc.
-PureCircle Limited and Associated British Foods Plc.

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