High-Intensity Sweeteners Market Grow Over CAGR around 2.3% Forecast 2017 to 2023
High-Intensity Sweeteners Market was valued at $1,807 million in 2016, and is projected to reach $2,134 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023. The beverages segment accounted for one-third share of the global market in 2016.
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.
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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.
• The report provides an extensive analysis of the global high intensity sweeteners market size and trends from 2016 to 2023 to determine the prevailing opportunities.
• Comprehensive analysis of factors that drive and restrict the high intensity sweeteners industry analysis and growth is provided in the report.
• Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
• Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• The report provides key insights on strategic market analysis of various companies as well as the value chain analysis of the industry.
High-intensity Sweeteners Market Key Segments:
• Acesulfame Potassium (Ace-K)
• Steviol Glycosides
• Luo Han Guo Fruit Extracts (Monk Fruit)
• Bakery & Confectionery
• Dietary Products
• Dairy Products
• Table Top Sweeteners
• Others (Desserts & Nutritional Products)
• North America
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.
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