Low Intensity Sweeteners Market Predicted to Expand at 5.8% CAGR from 2017 to 2025
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Riding on back of the rising diabetic population worldwide and overall initiatives to reduce burdens of obesity, the demand for low intensity sweeteners has considerably risen. The next few years seems much lucrative as the leading players explore opportunities across emerging nations. They are currently investing in research and development of novel products to cater to the spiraling demand for sugar-free products. These activities are gaining pace across the world as prevention of health problems such as diabetes, obesity, and high cholesterol has become the need of the hour, thus tipping scales in favor of the global low intensity sweeteners market. Besides this, rising focus toward weight reduction is fostering growth in the market.
Between 2017 and 2025, the global low intensity sweeteners market is projected to exhibit a CAGR of 5.8%. At this the market’s valuation will reach US$2.06 bn in 2025, from US$1.25 bn in 2016.
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By type, the global low intensity sweeteners market can be segmented into Tagatose, Xylitol, Trehalose, Isomaltulose, Allulose and others, which include sorbitol, erythritol and Maltose. Of these, Xylitol held the largest share in the market in 2016 on account of its rising application in the food and beverages industry. Considering this, tagatose emerged as the second-leading segment in terms of product.
Based on application, the demand for low intensity sweeteners is noted across beverage, confectionary, pharmaceutical, and dairy products industries. Besides this, cereal products and table top sweeteners markets also exhibit the demand for low intensity sweeteners. Of these, beverage segment emerged dominant, holding over 31.9% of the market in 2016, followed by the confectionary and dairy product segment.
Some of the most prominent names in the global low intensity sweeteners market are Cargill Inc. (Wayzata, U.S.A), Roquette Freres Company (Lestrem, France), Ingredion Incorporated (Westchester, Illinois, United States), Matsutani Chemical Industry Co., Ltd. (Itami City, Japan), E.I. Du Pont de Nemours and Company (Wilmington, Delaware, United States), ZuChem Inc. (Chicago, IL United States), Spi Pharma Inc., (Wilmington DE, United States), Food Chem International Corporation (Shanghai), EcogreenOleochemicals (Singapore), Gulshan Polyols Limited (Uttar Pradesh India).
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