The global alternative sweetener market is progressing at a CAGR of 4.2% between 2015 and 2021. This market was valued at US$11.5 bn in 2014 and is expected to rise to US$15.4 bn by 2021, according to a report published by market intelligence firm Transparency Market Research. The report is titled “Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021” and is available for sale on the company website.
Browse the full Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/alternative-sweetener-market.html
According to the report, the key driver for the global alternative sweetener market is the increasing number of calorie-conscious consumers, along with the growing number of patients suffering from diabetes. An increasing number of people are switching to low-calorie foods to try and lead a healthier lifestyle.
The global alternative sweetener market is, however, restrained by a number of regulatory impositions enforced by governments over the use of certain chemicals and ingredients. Research has shown that over-consumption of alternative sweeteners is harmful, which has caused food and safety bodies to be cautious about approving sweeteners that contain particular chemicals.
At the same time, the global alternative sweetener market continues to grow through an increasing amount of use in diet soft drinks and food.From the point of view of applications, the global alternative sweetener market is growing swiftly owing to this increase in use within the food and beverages industry. At the same time, artificial sweeteners are also being used increasingly in personal care products such as glycerin, toothpastes, and mouthwashes.
In terms of products, the global alternative sweetener market was dominated by high-intensity sweeteners in 2014. This segment is progressing at a CAGR of 3.4% within the given forecast period. Low-intensity sweeteners are expected to grow at the fastest rate, exhibiting a CAGR of 7.1% between 2015 and 2021.North America was marked as the leading region in the global alternative sweetener market for 2014. This region is expected to continue its dominance over the report’s forecast period, being estimated to progress at a CAGR of 3.6% between 2015 and 2021. However, the major contributors to the global alternative sweetener market in terms of demand are expected to be countries from the Asia Pacific regions, namely, China and India.
While the U.S. and Mexico continue to demonstrate a steadily high demand for artificial sweeteners, Asia Pacific countries are rapidly scaling up their supply and demand chains for the same, owing to an increase in consumer base and demand. The alternative sweetener markets for China and India are expected to progress at respective CAGRs of 3.4% and 6.0% for the given forecast period.
The key players that lead the global alternative sweetener market are NutraSweet Company, Roquette Frères S.A., Archer-Daniels-Midland Company, Ingredion Incorporated, Ajinomoto Co. Inc., Tate & Lyle Plc., and Cargill Incorporated.
Key segments of the Global Alternative Sweetener Market
- Global alternative sweetener, by geography
- North America
- Rest of North America
- Rest of Europe
- Rest of Europe
- Rest of the World (RoW)
- Latin America
- Middle East
- Other countries in RoW
- North America
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