Novel Sweeteners Market
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<strong>Novel</strong> <strong>Sweeteners</strong> <strong>Market</strong> is expected to reflect a CAGR of 5.2% by 2026<br />
Increasing preference for consuming sugar-free and low calories food products has led to surge in<br />
demand for sweeteners in the food and beverage industry. In addition, growing prevalence of<br />
diabetes and obesity is further expected to impact growth of the global novel sweeteners market<br />
positively. Persistence <strong>Market</strong> Research states that the global novel sweeteners market is expected<br />
to reflect a CAGR of 5.2% during the forecast period 2017-2026.<br />
Growth of the global novel sweeteners market is mainly bound to various macro-economic and<br />
micro-economic factors. As the preference for sugar free food products among the obese and<br />
diabetic patients remains high, manufacturers in the food and beverage industry are increasingly<br />
opting for sweetener. In order to expand their customer base, the leading food companies are also<br />
concentrating on developing sugar free confectionery products such as chewing gums, desserts, and<br />
chocolates. In addition, the European Food Safety Authority (EFSA) has cleared range of sweetener<br />
products available in the global market. Moreover, the EFSA has also approved the health claims<br />
made about various sweetener products related to controlling blood sugar levels and oral health.<br />
<strong>Novel</strong> <strong>Sweeteners</strong> <strong>Market</strong> Research Report Overview @<br />
https://www.persistencemarketresearch.com/market-research/novel-sweeteners-market.asp<br />
According to a recent report of CDC, more than 36.5%, which is over one-third of the adults in the<br />
U.S. are obese. Moreover, the CDC report also states that over 100 million of the adults in the U.S.<br />
are currently living with pre-diabetes and diabetes. Increasing prevalence of diabetes and obesity<br />
globally has led the customers to opt for low-calorie and sugar free products.<br />
Growing prevalence of diabetes and uncontrollable blood sugar levels has led to reduced<br />
consumption of sugar products. As the need for consumption of the sugar-based products continues<br />
to remain high, manufacturers are increasingly launching artificial sweetener products. As leading<br />
food and bakery companies are focusing on offering diabetic products, demand for sweetener<br />
products continue to remain high in the food and beverage industry globally.<br />
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On the other hand, various factors will continue to inhibit growth of the global novel sweeteners<br />
market significantly. Increasing consumption of sweetener products can cause colitis and lead to<br />
severe case of diarrhea. Growing prevalence of colitis and diarrhea due to increasing consumption<br />
of sweetener will continue to dip sales of sweetener products globally. In addition, various<br />
sweetener products have not been approved by the FDA for launch in the global market. These<br />
factors will continue to hinder growth of the global novel sweeteners market during the forecast<br />
period.<br />
As manufacturers prefer opting for FDA approved products for manufacturing the sweeteners,<br />
demand for stevia extracts are expected to remain high. On the basis of product type, the stevia<br />
extracts segment is expected to represent the highest revenue growth, accounting for a value of over<br />
US$ 768.9 Mn by the end of 2026. In contrast, the tagatose product type segment is expected to<br />
register a robust CAGR during the forecast period.<br />
Based on end users, the food and beverages segment is expected to generate a significant revenue,<br />
recording a value of over US$ 528.3 Mn by the end of 2017. On the other hand, the pharmaceuticals<br />
end users segment is expected to register the fastest growth in the global market throughout the<br />
forecast period.
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By application, the beverage segment is expected to represent a robust revenue growth, accounting<br />
for a value of over US$ 234.6 Mn by the end of 2026. Further, the sweet spreads application<br />
segment is expected to register a significant CAGR during the forecast period.<br />
Leading market players operating in the global novel sweeteners market include Algatechnologies,<br />
Allied Biotech, AquaCarotene, BASF, Chr. Hansen, Cyanotech Corporation, DDW The Color<br />
House, Doehler Group, EID Parry, ExcelVite, Farbest Brands, FMC Corporation, Guangzhou<br />
Leader Bio-Technology, Kemin Industries and Royal DSM N.V.<br />
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