Global
Low Intensity Sweeteners Market: Snapshot
In
the last few years the world has witnessed drastic change in
lifestyle and eating pattern across most developed and developing
nations. While this paradigm shift is steered by adverse effects of
unhealthy living, it is here to stay as people look for an overall
better standard of living. As cutting down sweet seems easier way of
committing toward a healthy living, the prevailing environment is
highly conducive to the growth of the global low intensity sweeteners
market. Low intensity sweeteners are food additives that taste like
sugar but do not contain the same amount of calories as compared to
the latter.
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Riding
on back of the rising diabetic population worldwide and overall
initiatives to reduce burdens of obesity, the demand for low
intensity sweeteners has considerably risen. The next few years seems
much lucrative as the leading players explore opportunities across
emerging nations. They are currently investing in research and
development of novel products to cater to the spiraling demand for
sugar-free products. These activities are gaining pace across the
world as prevention of health problems such as diabetes, obesity, and
high cholesterol has become the need of the hour, thus tipping scales
in favor of the global low intensity sweeteners market. Besides this,
rising focus toward weight reduction is fostering growth in the
market.
Between
2017 and 2025, the global low intensity sweeteners market is
projected to exhibit a CAGR of 5.8%. At this the market’s valuation
will reach US$2.06 bn in 2025, from US$1.25 bn in 2016.
Persistent
Demand for Xylitol to Secure its Lead among Other Low Intensity
Sweeteners
By
type, the global low intensity sweeteners market can be segmented
into Tagatose, Xylitol, Trehalose, Isomaltulose, Allulose and others,
which include sorbitol, erythritol and Maltose. Of these, Xylitol
held the largest share in the market in 2016 on account of its rising
application in the food and beverages industry. Considering this,
tagatose emerged as the second-leading segment in terms of product.
Based
on application, the demand for low intensity sweeteners is noted
across beverage, confectionary, pharmaceutical, and dairy products
industries. Besides this, cereal products and table top sweeteners
markets also exhibit the demand for low intensity sweeteners. Of
these, beverage segment emerged dominant, holding over 31.9% of the
market in 2016, followed by the confectionary and dairy product
segment.
Radically
Changing Eating Habits Seal Asia Pacific’s Lead in Market
Regionally,
North America, Europe, Asia Pacific, Middle East and Africa and Latin
America are the key market segments. Among these, Asia Pacific held
the dominant share of 33.2% in the global market in 2016. On account
of rising opportunities in India, China, Japan, and other emerging
nations, Asia Pacific is projected to remain undisputed as the market
lead through the forecast period. It is also prophesized to showcase
the maximum CAGR, as enterprises invest in the research and
development of novel products. Persistently rising demand from
consumers in Asia Pacific will also aid the market’s expansion.
Besides this, Europe has emerged as lucrative market for low
intensity sweeteners as well. Countries such as the U.K. Germany
France, and Italy have emerged as the most lucrative pockets in
Europe. In North America, the market is forecast to witness rising
opportunities in the U.S.
Some
of the most prominent names in the global
low intensity sweeteners market are Cargill Inc. (Wayzata,
U.S.A), Roquette Freres Company (Lestrem, France), Ingredion
Incorporated (Westchester, Illinois, United States), Matsutani
Chemical Industry Co., Ltd. (Itami City, Japan), E.I. Du Pont de
Nemours and Company (Wilmington, Delaware, United States), ZuChem
Inc. (Chicago, IL United States), Spi Pharma Inc., (Wilmington DE,
United States), Food Chem International Corporation (Shanghai),
EcogreenOleochemicals (Singapore), Gulshan Polyols Limited (Uttar
Pradesh India).
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