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.
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.
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a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4792
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
- U.S.
- Canada
- Rest of North America
Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
Rest
of the World (RoW)
- Latin America
- Middle East
- Other countries in RoW
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