The
global low-intensity sweeteners market is envisaged in a report by
Transparency Market Research (TMR) to possess a significantly
consolidated vendor landscape. In 2016, close to a 90.0% of the total
market share was secured by Cargill, Inc., E.I. Du Pont de Nemours
and Company, Ingredion Incorporated, and Roquette Freres – top four
companies of the industry. In order to maintain their position in
the market, leading players could develop novel formulations by
largely investing in research and development. Furthermore, they are
anticipated to consolidate their product portfolios for securing a
position of strength in the market.
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TMR
foresees the global low-intensity sweeteners market to be valued at a
US$2.06 bn by the completion of 2025 while rising at a 5.8% CAGR
during the course of the forecast tenure 2017-2025. In 2016, the
market was worth a US$1.25 bn. By product, xylitol could account for
a king’s share of the market by the end of the final forecast year.
By region, Asia Pacific is prognosticated to rank higher in the
market, considering its 33.2% share obtained in 2016.
Demand
for low-intensity sweeteners is projected to increase on the back of
growing preference for low-calorie diet to reduce body weight and
keep health problems related to obesity under control. The role of
additives played by low-calorie sweeteners could gain high
popularity, especially in the food and beverages industry due to
their telling demand. Increasing obesity concerns and associated
health issues witnessed across the globe are prophesied to accentuate
benefits of low-calorie food.
Delay
in product approvals and strict regulations on the inclusion and
production of a number of ingredients used in low-intensity
sweeteners are prophesied to hamper demand in the global market. High
cost of introducing new products in the international low-intensity
sweeteners market could deter the rise in growth in the near
future. However, uptake of allulose is predicted to increase in a
variety of dairy and confectionary products.
Furthermore,
new opportunities could show face in the international low-intensity
sweeteners market due to swelling demand for products that are
sourced naturally. Additionally, surging count of health-conscious
people in emerging economies raising demand for low-calorie options
is foretold to set the tone for valuable growth in the market.
Low-calorie foods and beverages are highly demanded by diabetics
since they help in controlling glucose levels. Thus, increasing
incidence of diabetes mellitus is expected to surge demand in the
market.
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