The global low intensity sweeteners market is considered to be extremely consolidated in nature and is projected to witness a high level of competition throughout the forecast period, states a research study by Transparency Market Research. In 2016, the leading players operating in the low intensity sweeteners market, namely E.I. Du Pont de Nemours and Company, Cargill, Inc., Ingredion, and Roquette Freres Company held a share of around 90% of the global market. The acquisition of small companies and the increasing focus on research and development activities are the essential factors that are likely to encourage the growth of the overall market in the next few years. In addition to this, the expansion of the product portfolio and the rising opportunities in the developing economies are likely to accelerate the development of the low intensity sweeteners market across the globe.
According to the research study by Transparency Market Research, in 2016, the global market for low intensity sweeteners was worth US$1.25 bn and is expected to reach a value of US$2.06 bn by the end of 2025. The market is anticipated to exhibit a healthy 5.80% CAGR between 2017 and 2025.
Asia Pacific to Maintain Dominance in Global Low Intensity Sweeteners Market
From a regional outlook, Asia Pacific is projected to witness a high level of growth throughout the forecast period. In 2016, this region held a share of 33.2% of the global market and is likely to register a promising growth over the next few years. The increasing awareness among the consumers regarding the easy availability of these products and the rising cases of diabetes are estimated to accelerate the growth of the Asia Pacific market in the near future. In addition, the increasing contribution from China, India, and Japan is estimated to offer potential opportunities throughout the forecast period. On the other hand, Europe is anticipated to grow at a significant rate over the next few years.
With the rising demand, the number of applications of low intensity sweeteners is expected to increase extensively over the next few years. Confectionery, dairy products, beverages, and pharmaceuticals are some of the key applications of the global market. Among these, the beverage segment is anticipated to exhibit a high level of growth in the next few years. The rising consumption of beverages with the use of low intensity sweeteners for a healthy lifestyle is the primary factor anticipated to accelerate the development of this segment in the next few years.
Rising Preference for Healthy Products to Encourage Market Growth
A tremendous rise in the number of cases of obesity and diabetes is one of the important factors anticipated to encourage the growth of the global low intensity sweeteners market throughout the forecast period. In addition to this, the increasing inclination of consumers towards a healthy lifestyle due to rising health consciousness is predicted to accelerate the overall development of the market in the coming years. The rising number of products and the increasing demand from developing economies are projected to act as major opportunities for the key players operating in the low intensity sweeteners market over the next few years.
On the flip side, the global market for low intensity sweeteners is estimated to face a large number of barriers, which are likely to hamper the growth of the market in the coming years. The strict regulatory framework for the approval of these products is projected to curtail the growth of the market in the near future. Nonetheless, the increasing focus on development of new products and innovations are anticipated to enhance the growth of the global low intensity sweeteners market over the next few years.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Low Intensity Sweeteners Market (Product Type - Tagatose, Xylitol, Trehalose, Allulose, and Isomaltulose; Application - Beverages, Confectionery, Pharmaceutical, and Dairy Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
The global low intensity sweeteners market has been segmented as below:
Global Low Intensity Sweeteners Market, by Product Type
Global Low Intensity Sweeteners Market, by Application
- Dairy Products
Global Low Intensity Sweeteners Market, by Geography:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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