Alternative Sweetener Market: Consumer Preference for Alternative HIS on the Rise

Global Alternative Sweetener Market: Snapshot

The global alternative sweetener market is likely to experience a modest but reliable rate of growth over the coming years. One of the key drivers in favor of the global alternative sweetener market currently is the increasing demand for healthier low-calorie foods, especially in urban areas of core market regions. Manufacturers in the market are trying to develop and launch multiple types of sugar substitutes, primarily propelled by the rising health consciousness among consumers. The global alternative sweetener market is further driven by the rising sugar prices.

Recent studies have shown that there is little to no link between cancer and the consumption of low-calorie sweeteners. On the other hand, natural alternative sweeteners are valuable for those trying to managing their calorie count by either cutting down on carbohydrates or are looking to improve their overall health. The currently growing health consciousness among consumers is caused by the growing rates of obesity and diabetes, along with a number of other chronic health issues.

The global alternative sweetener market is expanding at a CAGR of 4.2% from 2015 to 2021. It was evaluated at US$11.5 bn in 2014 and is expected to reach US$15.4 bn by the end of 2021.

North America Likely to Continue Leading Demand for Alternative Sweeteners

The global alternative sweetener market’s regional segmentation includes the key regions of North America, Europe, Asia Pacific, and rest of the world. Among these, North America had taken up the leading share in the global alternative sweetener market for 2014, a factor attributed to the growing obesity epidemic, increasing risks associated with cardiovascular diseases, and the growing number of patients suffering from diabetes. Food and beverage makers in North America are concentrating hard on the development and commercialization of low calorie and sugar free products to meet the consumers need in North America.

Furthermore, the growing count of obese consumers is resulting in a steady decline in the overall consumption of soft drinks in North America as well as Europe, thereby creating a fall in demand for high intensity sweeteners. Consequently, the demand for sweeteners has experienced a significant paradigm shift in terms in consumer choices in two regions that are currently considered the core market regions by top players in this market. At the same time, Asia Pacific, which held the second leading share in the global alternative sweetener market for 2014, is likely to show a growth in demand, marked by growing consumer awareness.

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Consumer Preference for Alternative HIS on the Rise

In terms of product type, the global alternative sweetener market is divided into low intensity sweetener (LIS), high intensity sweetener (HIS), and high fructose syrup (HFS). High intensity sweetener has so far been highly popular consumers, followed by high fructose syrup. Both segments are expected to continue showing strong growth, while low intensity sweeteners and polyols are expected to gradually replace the other two segments in the long run, especially from the perspective of the food and beverages industry.

Based on applications, the global alternative sweeteners market can be classified into beverages such as diet-carbonated soft drinks, ready-to-drink tea and coffee, juices; and food products such as confectionaries, tabletop sweeteners, chewing gum, chocolate, bakery products, and dairy products. In addition, alternative sweeteners are used in personal care products such as toothpaste, mouthwash, and glycerin as well as in pharmaceutical products.

Key players in the alternative sweetener market include Tate & Lyle Plc, Cargill, Incorporated, Ajinomoto Co., Inc., Archer-Daniels-Midland Company, Ingredion Incorporated, Roquette Frères S.A., and The NutraSweet Company.

Alternative Sweetener Market Strongly Driven by Rising Global Demand

The growing demand for low-calorie foods and natural sugar substitutes has significantly fueled the global alternative sweetener market, states Transparency Market Research in a recent report. The 75-page research publication is titled “Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021” and is available for sale on the company website.

Alternative sweeteners are a type of sugar substitute used to lend foods and beverages the sweet taste of sugar with significantly lower traces of food energy. Alternative sweeteners are either mixed with starch-based sweeteners before sale to consumers or are used directly in commercially processed foods.

Based on the findings of the report, the alternative sweetener market is projected to expand at a 4.2% CAGR from 2015 to 2021. In 2014, the value of the market was pegged at US$11.5 bn and this is anticipated to rise to US$15.4 bn by 2021. The growing application of alternative sweeteners in diet foods and soft drinks provides a major opportunity for vendors to capitalize on. On the other hand, strict food and safety regulations regarding the use of additives in foods and the various health problems associated with the excessive consumption of sugar-free products threaten to negatively impact the alternative sweetener market.

The report studies the global alternative sweetener market on three fronts: Product, application, and geography.

By type of product, the alternative sweetener market has been fragmented into high intensity sweetener (HIS), high fructose syrup (HFS), and low intensity sweetener (LIS). Expanding at a 3.4% CAGR from 2015 to 2021, the HIS segment dominates the overall market, followed by HFS. LIS are projected to expand at the highest CAGR of 7.1% during the forecast period.

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By application, the alternative sweetener market has been divided into beverages, food, and others, including personal care and pharmaceuticals. In the food segment, alternative sweeteners are used in tabletop sweeteners, bakery products, dairy products, chewing gum, confectionaries, and chocolates, among others. In the beverages segment, alternative sweeteners are used in coffee, tea, juices, and diet versions of carbonated drinks. The beverages segment accounts for the largest share in the overall alternative sweetener market.

By geography, the market for alternative sweeteners has been categorized into Asia Pacific, North America, Europe, and Rest of the World. Of these, North America accounted for the largest share in the global alternative sweetener market and this region is projected to retain its lead through 2021. Mexico and the US are the largest contributors to the North America alternative sweetener market and are anticipated to help guide the region at a 3.6% CAGR from 2015 to 2021. Asia Pacific has been witnessing an increasing demand for alternative sweeteners, especially from the emerging economies of China and India. The alternative sweetener market in India is projected to expand at a 6% CAGR during the forecast period while the market in China will register a 3.4% CAGR.

Archer-Daniels-Midland Company, Cargill Incorporated, Roquette Frères S.A., NutraSweet Company, Ajinomoto Co. Inc., Tate & Lyle Plc, and Ingredion Incorporated are some of the top companies operating in the alternative sweetener market. The report identifies the leading players in this space and key attributes such as company and financial overview, recent developments, and business strategies have been taken into consideration while reviewing the performance and contribution of these vendors.

The report segments the global alternative sweetener market as:

Global Alternative Sweetener Market, by Product type

• High Fructose Syrup (HFS)
• High Intensity Sweetener (HIS)
• Low Intensity Sweetener (LIS)

Global Alternative Sweetener Market, by Application

• Food
• Beverages
• Others (including pharmaceuticals and personal care)

Alternative Sweetener Market to Develop at 4.2% CAGR till 2021, Increased Health Awareness Drives Growth

The alternative sweeteners market is driven by the rise in demand for low-calorie, healthy, sugar-free foods and beverages worldwide. Additionally, the proliferation of diabetes and obesity and other related ailments such as cardiac disorders and hypertension is boosting the demand for alternative sweeteners worldwide. The global alternative sweeteners market is anticipated to develop at a CAGR of 4.2% from 2015 to 2021 and reach a value of US$15,466.7 million by 2021. Alternative sweeteners can be used in a diverse range of beverages and foods such as diet carbonated drinks, candy and confectionary, table top sweeteners, and dairy products. Alternative sweeteners are also used in personal care and pharmaceutical products such as mouth wash, chewable tablets, and others.

Increasing Health Consciousness Drives Global Alternative Sweeteners Market

Rising prices of sugar and increased health consciousness of consumers have driven the global alternative sweetener market in recent years. However, food safety regulations and excessive consumption of sugar substitutes, which come with their own set of health problems, are limiting factors for the alternative sweeteners market. However, recent research has discovered that low-calorie sweeteners do not increase cancer risk. The use of natural alternative sweeteners can help reduce carbohydrate intake, manage calories, and improve overall health. Artificial sweeteners are favored over table sugar by health-conscious consumers due to their low calorie content. These factors can drive the market for low-calorie products and thus alternative sweeteners.

The alternative sweeteners market’s segmentation is based on application, product type, and geography. Product segments of the alternative sweeteners market are high-intensity sweeteners, low-intensity sweeteners, and high fructose syrup. Among these, high-intensity sweeteners held the largest share in the global market for alternative sweeteners in 2014 and are anticipated to grow at a steady CAGR of 3.4% from 2015 to 2021.

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In the product type segments, high fructose syrup (HFS) occupied the second highest market share in 2014. The low-intensity sweetener segment is predicted to be the fastest growing product segment and is expected to develop at a CAGR of 7.1% from 2015 to 2021. The application segments of the alternative sweetener market include food, beverages, and others. In the application-based segmentation of the alternative sweeteners market, the beverage sector generated the highest revenue in 2014.

Mexico and the U.S. to Lead Market, India and China Major Consumers

Among the geographical segments for alternative sweeteners, the North America market is expected to lead the global market, growing at a CAGR of 3.6% over the next few years. In North America, the market for alternative sweeteners was dominated by Mexico and the U.S.

Asia Pacific is also anticipated to grow steadily in the alternative sweeteners market, followed by Europe. In the Asia Pacific region, India and China are the major markets for alternative sweeteners and are expected to record CAGR of 6.0% and 3.4%, respectively, from 2015 to 2021. In the Europe segment, Germany had the highest revenues in 2014 and is expected to grow at a high CAGR over the next few years. Key players that dominate the alternative sweeteners market are Ajinomoto Co., Inc., Ingredion Incorporated, Roquette Frères S.A., Archer-Daniels-Midland Company, NutraSweet Company, Cargill, and Tate & Lyle Plc.

Global Alternative Sweetener Market to Cross US$15 bn by 2021, Rising Demand for Low-Calorie Foods to Spur Growth

The growing demand for low-calorie foods and natural sugar substitutes has significantly fueled the global alternative sweetener market, states Transparency Market Research in a recent report. The 75-page research publication is titled “Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021” and is available for sale on the company website.

Alternative sweeteners are a type of sugar substitute used to lend foods and beverages the sweet taste of sugar with significantly lower traces of food energy. Alternative sweeteners are either mixed with starch-based sweeteners before sale to consumers or are used directly in commercially processed foods.

Based on the findings of the report, the alternative sweetener market is projected to expand at a 4.2% CAGR from 2015 to 2021. In 2014, the value of the market was pegged at US$11.5 bn and this is anticipated to rise to US$15.4 bn by 2021. The growing application of alternative sweeteners in diet foods and soft drinks provides a major opportunity for vendors to capitalize on. On the other hand, strict food and safety regulations regarding the use of additives in foods and the various health problems associated with the excessive consumption of sugar-free products threaten to negatively impact the alternative sweetener market.

The report studies the global alternative sweetener market on three fronts: Product, application, and geography.

By type of product, the alternative sweetener market has been fragmented into high intensity sweetener (HIS), high fructose syrup (HFS), and low intensity sweetener (LIS). Expanding at a 3.4% CAGR from 2015 to 2021, the HIS segment dominates the overall market, followed by HFS. LIS are projected to expand at the highest CAGR of 7.1% during the forecast period.

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By application, the alternative sweetener market has been divided into beverages, food, and others, including personal care and pharmaceuticals. In the food segment, alternative sweeteners are used in tabletop sweeteners, bakery products, dairy products, chewing gum, confectionaries, and chocolates, among others. In the beverages segment, alternative sweeteners are used in coffee, tea, juices, and diet versions of carbonated drinks. The beverages segment accounts for the largest share in the overall alternative sweetener market.

By geography, the market for alternative sweeteners has been categorized into Asia Pacific, North America, Europe, and Rest of the World. Of these, North America accounted for the largest share in the global alternative sweetener market and this region is projected to retain its lead through 2021. Mexico and the US are the largest contributors to the North America alternative sweetener market and are anticipated to help guide the region at a 3.6% CAGR from 2015 to 2021. Asia Pacific has been witnessing an increasing demand for alternative sweeteners, especially from the emerging economies of China and India. The alternative sweetener market in India is projected to expand at a 6% CAGR during the forecast period while the market in China will register a 3.4% CAGR.

Archer-Daniels-Midland Company, Cargill Incorporated, Roquette Frères S.A., NutraSweet Company, Ajinomoto Co. Inc., Tate & Lyle Plc, and Ingredion Incorporated are some of the top companies operating in the alternative sweetener market. The report identifies the leading players in this space and key attributes such as company and financial overview, recent developments, and business strategies have been taken into consideration while reviewing the performance and contribution of these vendors.

The report segments the global alternative sweetener market as:

Global Alternative Sweetener Market, by Product type

• High Fructose Syrup (HFS)
• High Intensity Sweetener (HIS)
• Low Intensity Sweetener (LIS)

Global Alternative Sweetener Market, by Application

• Food
• Beverages
• Others (including pharmaceuticals and personal care)

Global Alternative Sweetener Market, 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

Alternative Sweetener Market Will Remain Relatively Stagnant Through 2021 at Around USD 15,466.7 million

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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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

Alternative Sweetener Market to Develop at 4.2% CAGR till 2021, Increased Health Awareness Drives Growth

The alternative sweeteners market is driven by the rise in demand for low-calorie, healthy, sugar-free foods and beverages worldwide. Additionally, the proliferation of diabetes and obesity and other related ailments such as cardiac disorders and hypertension is boosting the demand for alternative sweeteners worldwide. The global alternative sweeteners market is anticipated to develop at a CAGR of 4.2% from 2015 to 2021 and reach a value of US$15,466.7 million by 2021. Alternative sweeteners can be used in a diverse range of beverages and foods such as diet carbonated drinks, candy and confectionary, table top sweeteners, and dairy products. Alternative sweeteners are also used in personal care and pharmaceutical products such as mouth wash, chewable tablets, and others.

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Increasing Health Consciousness Drives Global Alternative Sweeteners Market

Rising prices of sugar and increased health consciousness of consumers have driven the global alternative sweetener market in recent years. However, food safety regulations and excessive consumption of sugar substitutes, which come with their own set of health problems, are limiting factors for the alternative sweeteners market. However, recent research has discovered that low-calorie sweeteners do not increase cancer risk. The use of natural alternative sweeteners can help reduce carbohydrate intake, manage calories, and improve overall health. Artificial sweeteners are favored over table sugar by health-conscious consumers due to their low calorie content. These factors can drive the market for low-calorie products and thus alternative sweeteners.

The alternative sweeteners market’s segmentation is based on application, product type, and geography. Product segments of the alternative sweeteners market are high-intensity sweeteners, low-intensity sweeteners, and high fructose syrup. Among these, high-intensity sweeteners held the largest share in the global market for alternative sweeteners in 2014 and are anticipated to grow at a steady CAGR of 3.4% from 2015 to 2021.

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In the product type segments, high fructose syrup (HFS) occupied the second highest market share in 2014. The low-intensity sweetener segment is predicted to be the fastest growing product segment and is expected to develop at a CAGR of 7.1% from 2015 to 2021. The application segments of the alternative sweetener market include food, beverages, and others. In the application-based segmentation of the alternative sweeteners market, the beverage sector generated the highest revenue in 2014.

Mexico and the U.S. to Lead Market, India and China Major Consumers

Among the geographical segments for alternative sweeteners, the North America market is expected to lead the global market, growing at a CAGR of 3.6% over the next few years. In North America, the market for alternative sweeteners was dominated by Mexico and the U.S.

Asia Pacific is also anticipated to grow steadily in the alternative sweeteners market, followed by Europe. In the Asia Pacific region, India and China are the major markets for alternative sweeteners and are expected to record CAGR of 6.0% and 3.4%, respectively, from 2015 to 2021. In the Europe segment, Germany had the highest revenues in 2014 and is expected to grow at a high CAGR over the next few years. Key players that dominate the alternative sweeteners market are Ajinomoto Co., Inc., Ingredion Incorporated, Roquette Frères S.A., Archer-Daniels-Midland Company, NutraSweet Company, Cargill, and Tate & Lyle Plc.

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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Global Alternative Sweetener Market:Rising Demand for Low-Calorie Healthier Food to Propel Market at 4.2% CAGR

According to a recent market research report released by Transparency Market Research, the global alternative sweetener market is estimated to expand at a CAGR of 4.2% during the period between 2015 and 2021. The report, titled “Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021”, projects the global alternative sweetener market to be worth US$15.4 bn by 2021. The overall market was valued at US$11.5 bn in 2014.

The report points out that the rising demand for low-calorie healthier food products, along with the demand for natural sugar substitutes, has propelled the global alternative sweeter market. Rising prices of sugar have created a market for alternative sweeteners. However, the report states that food and safety regulations might restrain the growth of the overall market during the forecast horizon. Excessive usage of sugar-free food products causes health problems. This can further hinder the market’s growth in the near future. The report mentions that the global alternative sweetener market has a huge opportunity to grow with the increasing usage of alternative sweeteners in diet soft drinks and food.

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On the basis of product type, the global alternative sweetener market has been segmented into high intensity sweeteners (HIS), low intensity sweeteners (LIS), and high fructose syrup (HFS). In 2014, high intensity sweeteners (HIS) accounted for the largest market share and the segment is forecast to expand at a 3.4% CAGR during the period between 2015 and 2021. The high fructose syrup segment held the second largest market share in 2014. During the forecast period, low intensity sweeteners are expected to be the fastest growing segment in the market, displaying a CAGR of 7.1%.

In terms of application, the global alternative sweetener market has been categorized into food, beverages, and others including pharmaceuticals and personal care. The demand for alternative sweeteners from the food and beverages sector has been rapidly increasing. Alternative sweeteners are used in beverages such as ready-to-drink tea, coffee, juices, and diet carbonated soft drinks. In food products such as chewing gum, tabletop sweeteners, confectionaries, bakery products, chocolates, and dairy products, low intensity sweeteners are gradually replacing high intensity sweeteners and high fructose syrup. Further, alternative sweeteners also find application in personal care products such as mouthwashes, toothpastes, and glycerin.

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Geographically, the global alternative sweetener market has been segmented into four key regions: North America, Europe, Asia Pacific, and Rest of the World. North America dominates the global alternative sweetener market and is expected to continue its dominance during the forecast horizon, expanding at a CAGR of 3.6%. The U.S. and Mexico are the key countries contributing to the growth of the market in the region. The demand for alternative sweeteners from Asia Pacific is significantly high. India and China are the major countries with high demand for alternative sweeteners. The alternative sweetener market is forecast to expand at a CAGR of 6.0% and 3.4% in these two countries, respectively.

The report profiles some of the key players in the global alternative sweetener market, such as Cargill Incorporated, Tate & Lyle Plc, Ajinomoto Co. Inc., Ingredion Incorporated, Archer-Daniels-Midland Company, Roquette Frères S.A., and NutraSweet Company.

The research study has been segmented as below:

Global Alternative Sweetener Market, by product type

• High Fructose Syrup (HFS)
• High Intensity Sweetener (HIS)
• Low Intensity Sweetener (LIS)

Global Alternative Sweetener Market, by application

• Food
• Beverages
• Others

Global Alternative Sweetener Market, by geography

• North America
• Europe
• Asia pacific
• Rest of the World

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About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com