Alternative Sweetener Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-2591 | Report Format : | Status : Upcoming |

Abstract

Global Alternative Sweetener Market: Overview

Natural alternative sweeteners are also called as sugar substitutes. They are basically chemicals which are added to various food products to make them sweet in taste with the presence of very little amount or no/zero calories. The over usage/consumption of any kind of sugary food products leads to resistance to insulin, weight gain, fatty liver, and type 2 diabetes. As a result, in a bid to satisfy customer’s sweet tooth without any kind of compromises with the health and well-being of individual has led to several nutrition professionals and scientists to develop healthier and improved natural alternatives sweetener. 

Global Alternative Sweetener Market: Growth Factors

Recently, the alternative sweeteners have gained a huge demand due to their nutrient substance and no/zero health effects. Another factor that is increasing the demand for alternative sweetener market is the increase in health issues owing to over usage of sugar in everyday diet patterns. Increasing cases related to weight gain and diabetes is further encouraging people to consume zero or low calories sugar substitutes. This certainly acts as a most important aspect of the expansion of the non-nutritive sugar sweeteners such as monk fruit, stevia, coconut sugar, and agave nectar thus propelling the alternative sweetener market growth. Furthermore, increasing the inclination of customers towards going for “clean label” and “all natural” beverage and food products also drives the market expansion. Growth in adoption of alternative sweeteners in several applications such as confectionery, dairy, and breakfast cereals is also driving the market expansion. Growth in customer spending capability for acquiring ready to drink beverages, convenience foods, has further increased the manufacturing of low-calorie food products by end-user industries. 

Global Alternative Sweetener Market: Segmentation

The global alternative sweetener market is classified based on application and product type. Based on the product type, the market is divided into high fructose syrup (HFS), low-intensity sweetener (LIS), and high-intensity sweetener (HIS). Based on application, the alternative sweetener market is classified into beverages, food, and others (including personal care, pharmaceuticals, and so on).

Global Alternative Sweetener Market: Regional Analysis

Regionally, North America is expected to majorly drive the global alternative sweetener market and is projected to hold its dominance in the future owing to the growing demand of the alternative sweetener from most important markets such as the U.S. and Mexico. On the other hand, Asia Pacific is expected to observe a promising expansion in the coming years due to the rising number of health problems in people. Furthermore, the strong occurrence of beverage and food sector in this region along with growing demand for low calories food commodities is also accountable for this region’s development. The increasing penetration of the alternative sweeteners in the food sector is expected to augment the growth of the market in Europe.
 
Global Alternative Sweetener Market: Competitive Players

Some of the most important companies in the global alternative sweetener market are GLG Life Tech Corp., Cargill Incorporated, Naturex and Pure Circle Archer Daniels Midland Company, Zydus Wellness, Hermes Sweeteners, Merisant Worldwide, Herbevodia and Stevia Corporation, and Imperial Sugar Company, among others.

Global Alternative Sweetener Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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