Alternative Sweeteners Market Will Grow at 3.4% CAGR to Hit $5,426.3 Million by 2025
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Alternative sweeteners are considered as low-calorie sweeteners constituting low calories or zero calories. They are available in a variety of forms such as high fructose syrup, high-intensity sweeteners, and low-intensity sweeteners to cater to the different needs of the consumer. They are widely used in food & beverage products, bakery, and confectionary, and can also be used in nutritional supplements to replace sugar and lower the calories and carbohydrates. This fuels the demand for the product in the market. Growth in demand for low calorie sweeteners by food & beverage industries is expected to propel the requirement of alternative sweeteners across the globe during the forecast period.
Key Findings of the Alternative Sweeteners Market :
• The high intensity sweetener segment was the highest contributor to the alternative sweeteners market in 2017 and is projected to grow at a CAGR of 2.3%.
• There is a continuous increase in the demand for low intensity sweetener in the developed regions such as North America and Europe and is projected to grow at a CAGR of 5.0% during the forecast period.
• Asia-Pacific is projected to exhibit rapid growth in the alternative sweeteners industry, owing to its economic development with a large population base, and is projected to grow at the CAGR of 4.2% from 2018 to 2025.
• India accounted for the highest share with 40% in the Asia-Pacific alternative sweeteners market in 2017.
• The food segment accounted for 48% of global alternative sweeteners market share in 2017 and is expected to grow at a CAGR of 3.6%.
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Alternative Sweeteners Key Market Segments
By Product Type
• High Fructose Syrup
• High-Intensity Sweetener
• Low-Intensity Sweetener
• North America
• Ajinomoto Co.Inc.
• Cargill Incorporated
• DuPont Nutrition & Health
• GLG Life Tech Corporation
• Ingredion Incorporated
• Naturex S.A.
• Tate & Lyle Plc.
• PureCircle Limited
• Associated British Foods Plc.
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