High Intensity Sweeteners Market has witnessed a significant growth owing to new applications and ongoing
developments in the food industry including baked foods and dairy products. The
analyst from IndustryARC has valued the global high intensity sweeteners market
to be $1.9 billion as of 2018. Additionally, the demand is expected to grow at
a CAGR of 4.40% during the forecast period 2019-2025, as per newly compiled
market research report.
The IndustryARC’s newly
publish business intelligence report is titled “High Intensity Sweeteners
Market: Applications (Food production, Beverages, Pharmaceutical, Cosmetics,
Animal, Agriculture feed), Type (Saccharin, Acesulfame Potassium, Neotame,
Aspartame, Sucralose, Advantame) & Region - Forecast (2019 - 2025).” The
report states that the upsurge in the incidences of obesity
and diabetes, and the growing number of health conscious consumers in the
developing economies have led to a change in their dietary habits of
consumers. Hence, the high intensity sweeteners market is expected to
witness a significant growth.
High Intensity Sweeteners
Market: Leading Segments
North America dominated the global high intensity sweeteners market with a regional share of 32.00% in 2018. Major companies are targeting the region in order
to tap into the potential consumer demand. Due to North America being a developed
economy, the high intensity sweeteners are approved under the regulation of the
Food and Drug Administration (FDA) for use of these food additive by the food
and beverage manufacturers. An Increase in the health-related concerns have led
to change in the dietary habits of the consumers. Furthermore, the sugar-free or diet food and beverages such as canned
food, frozen food, and carbonated drinks are driving the demand for high
intensity sweeteners market growth.
On the other hand, the
analysts of the report has identified that beverages, which is among the most trending segment in the
high intensity sweeteners market, growing at a CAGR of 9% during the
aforementioned forecast period. Owing to growing demand for sugar-free
drinks and diet beverages, the demand for high intensity sweeteners is expected
to grow in the beverages sector.
High Intensity Sweeteners
Market: Market Trends and Growth Drivers
· The rising health concerns among the population suffering from
weight-related issues such as obesity and diabetes are influencing growth of
the high intensity sweeteners market. Owing to this, the
consumers are inclining towards sugar free diet.
· Recently,
the companies have adopted the consumption of stevia, an organic version of the
sweetener, for manufacturing the products.. In 2017, Cargill Corporation
collaborated with Evolva for the commercialization and
production of reb-M and reb-D.
· Agave
is a trend that is emerging in the high intensity sweeteners market. Its high
sweetness intensity balances its calories, and it is considered as a very good
substitute for sugar and is much more healthful as it is relatively low on the
glycemic index (GI) and contains fructose.
· Singapore Nutrition Innovation has patented
Nucane as low glycemic index sugarcane. The company developed an algorithm to
retain naturally occurring minerals which can quickly and easily convert the
sugar by using new technologies.
High Intensity Sweeteners
Market: Competitive Landscape
Some of the key companies
identified in the report that are currently holding majority shares in the
global high intensity sweeteners market are Eartland Food Products Group,
Cargill, Stevia First Corporation, DuPont, Archer Daniels Midland Company,
Celanese Corporation, and Cargill Corporation.
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Related Reports:
Sugar Substitutes Market
https://www.industryarc.com/Report/7474/sugar-substitutes-market.html
Alternative Sweeteners
Market
https://www.industryarc.com/Research/Alternative-Sweeteners-Market-Research-504588
Stevia Rebaudiana Market
https://www.industryarc.com/Report/103/Stevia-Rebaudiana-Food-Beverages-Market-Report.html
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.