How alternative sweeteners market will hit $4.12 billion: Insights and global opportunity

The global market alternative sweeteners have witnessed significant growth, owing to ongoing developments and new applications in the food industry including dairy products and baked goods. Concerns about health and nutrition among the population drive the growth of the alternative sweeteners market.

According to an exclusive global study by Allied Market Research, 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, at a compound annual growth rate (CAGR) of 3.4 percent.

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Alternative sweeteners market development:

Stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract. Furthermore, a surge in the number of health-conscious consumers especially in the developing economies and an increase in the incidence of diabetes and obesity lead to changes in the dietary habits of consumers. Thus, alternative sweeteners have replaced sugar as a food additive to prevent these conditions. However, a decline in soft drink consumption in North America and Europe is expected to hamper the growth of the global alternative sweeteners market.

"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 support the growth of alternative sweeteners market", said Shankar Bhandalkar Senior Research Analyst at Allied Market Research.

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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 the 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.

Comprehensive and Competitive Analysis of Leading Companies

•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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