The
global market for natural sweeteners is demonstrating an intensely
competitive business landscape, thanks to the presence of market
participants in a large number, states a new report by Transparency
Market Research (TMR). Some of the key players in this market are
Tate & Lyle, Niutang Chemical Ltd., MacAndrews & Forbes,
Cargill, Ajinomoto Co., DuPont, Symrise AG, Nestlé S.A., Archer
Daniels Midland Co., Wilmar International Ltd., American Sugar
Refining Inc., Associated British Foods, Ingredion Inc., and Roquette
Frères. The level of rivalry between these players is significantly
high and is expected to continue to increase in the years to come,
notes the market study.
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According
to the research report, the global market for natural sweeteners is
witnessing a considerable rise. The market is anticipated to rise at
a CAGR of 4.50% during the period from 2017 to 2026 and reach US$
39,091.7 mn by the end of the forecast period. Low intensity
sweeteners and high intensity sweeteners are the two main products
available in the global market for natural sweeteners. Among the two,
the demand for high intensity sweeteners is relatively high and the
trend is likely to remain so over the next few years, states the
research report.
Asia
Pacific to Dominate Global Market for Natural Sweeteners
In
terms of the geography, the global market for natural
sweeteners has been segmented into North America, Asia
Pacific excluding Japan, Latin America, Japan, the Middle East and
Africa, and Europe in this research study.
Among
these, the Asia Pacific excluding Japan market has acquired the
dominance, owing to the high demand for various Asian food, such as
flavored pastes, pickles, and sauces. This regional market is
anticipated to remain on the top over the next few years. North
America and Europe are also expected to witness a significant rise in
the years to come, states the research report.
Rise
in Diabetes and Obesity to Support Growth
“The
global market for natural sweeteners is driven significantly by the
rising concerns among consumers pertaining to obesity and overall
health and fitness,” says a TMR analyst. The increasing prevalence
of diabetes among people across the world is also fueling the demand
for natural sweeteners, reflecting positively on the growth of this
market. In the coming years, innovations by vendors are likely to
boost this market significantly, reports the market study.
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