alternative sweeteners market compitative analysis pdf
Alternative sweeteners are hugely used in the bakery & confectionery products, dairy products, and various frozen foods which will aid to upsurge the sales of alternative sweeteners during the forecast period of 2017-2023.
Alternative sweeteners are hugely used in the bakery & confectionery products, dairy products, and various frozen foods which will aid to upsurge the sales of alternative sweeteners during the forecast period of 2017-2023.
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Market Scenario:<br />
Alternative <strong>sweeteners</strong> are food additives which contain no/low calories and can be used in<br />
place of sugar due to their sweet taste. They are sweeter than table sugar and thus, a small<br />
amount is sufficient to achieve the same sweetness level as sugar. They also help in enhancing<br />
the flavor of foods. Alternative <strong>sweeteners</strong> can either be produced using natural sources or<br />
synthetically. Synthetically produced <strong>sweeteners</strong> are also called artificial <strong>sweeteners</strong>. Natural<br />
<strong>sweeteners</strong> include stevia, maple syrup, monk fruit, sucrose, and many others while artificial<br />
<strong>sweeteners</strong> consist of aspartame, saccharin, sucralose, neotame, acesulfame potassium, and<br />
many others. The global <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong> is expected to reach USD 1.58 billion by<br />
end of the year 2023 at a CAGR of 5% during the forecast period.<br />
One of the significant reasons for the rising growth of <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong> is the<br />
mounting growth of various beverages. Beverages are gaining traction both in the developed<br />
and developing economies. Increasing population coupled with the rising per capita disposable
income is anticipated to fuel the sales of beverages. Apart from that, factors such as rising<br />
women workforce and increasing demand of convenience products are anticipated to be the<br />
significant factors for increasing demand of beverages which is ultimately anticipated to fuel the<br />
overall growth of <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong>. Alternative <strong>sweeteners</strong> are hugely used in the<br />
bakery & confectionery products, dairy products, and various frozen foods which will aid to<br />
upsurge the sales of <strong>alternative</strong> <strong>sweeteners</strong> during the forecast period of 2017-2023.<br />
Regional Analysis:<br />
The global <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong> is segmented into North America, Europe, Asia<br />
Pacific, Latin America, and the Middle East & Africa. Among these, North America is estimated<br />
to account for the highest <strong>market</strong> proportion of 37.9% in the year of 2017 and the trend is<br />
expected to continue throughout the forecast period. However, Asia Pacific region is projected<br />
to expand at a high growth of 20.1% during the forecast period of 2017-2023.<br />
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Segments:<br />
The global <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong> is segmented into product type and application,<br />
On the basis of the product type, it is segmented into artificial <strong>sweeteners</strong>, natural <strong>sweeteners</strong>,<br />
and others. Among all, artificial <strong>sweeteners</strong> segment is projected to account maximum <strong>market</strong><br />
proportion and projected to grow at CAGR of 5.10% during the forecast period of 2017-2023.<br />
On the basis of application, it is segmented into sweet snacks, bakery & confectionery, dairy &<br />
frozen desserts, alcoholic beverages, non-alcoholic beverages, and others. The non-alcoholic<br />
beverages segment is dominating the <strong>market</strong>. This segment is projected to grow at CAGR of<br />
5.28% during the forecast period.<br />
Key Players:<br />
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Some of the key players profiled in the global <strong>alternative</strong> <strong>sweeteners</strong> <strong>market</strong>: Archer<br />
Daniels Midland Company (U.S.), Ajinomoto Co. Inc. (Japan), DuPont Nutrition & Health<br />
(Denmark), Tate & Lyle Plc (U.K), Cargill Incorporated (U.S.), Ingredion Incorporated<br />
(U.S.), Roquette Freres S.A. (France), Macandrews & Forbes Incorporate (U.S.),<br />
Associated British PLC (U.K), JJD Enterprise (India), Heartland (U.S.), Niutang<br />
Changhai Food Additives Co, Ltd. (China), Sunwin Stevia International (China), Monk<br />
Fruit Corporation (U.S.) Avestia Pharma (India), Panchsheel Organics Limited (India),<br />
A.B. Enterprise (India), Akhil Healthcare Pvt. Ltd. (India), Herboveda (India), Anhui Elite<br />
Industrial Co.,Ltd (China), Hill Pharmaceutical Co. Ltd. (China), Shandong Shengwang<br />
Pharmaceutical Co. Ltd. (China), Azúcares Prieto (Spain), Hangzhou Focus Corporation<br />
(Shanghai), Denk Ingredients (Germany).<br />
Target Audience:<br />
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Global <strong>alternative</strong> <strong>sweeteners</strong> manufacturers<br />
Food & Beverages industry<br />
Raw material suppliers<br />
End users<br />
Retailers and wholesalers<br />
E-commerce companies
Traders, importers, and exporters<br />
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Key Findings:<br />
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The North America region is estimated to retain its dominance throughout the forecast<br />
period and will grow at a substantial CAGR of 4.67%. Furthermore, among the Asia<br />
Pacific countries, China is projected to witness a substantial growth of 7.65% during the<br />
forecast period of 2017-2023.<br />
Global <strong>alternative</strong> <strong>sweeteners</strong> manufacturers find massive opportunity in India especially<br />
among the young population owing to increasing health and wellness trend in the<br />
country.<br />
Regional and Country Analysis of Global Alternative <strong>sweeteners</strong> Market Development and<br />
Demand Forecast to 2023 Market<br />
The reports also cover country-level <strong>analysis</strong>:<br />
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North America<br />
U.S.<br />
Canada<br />
Mexico<br />
Europe<br />
U.K<br />
Germany<br />
France<br />
Italy<br />
Spain<br />
Rest of Europe<br />
Asia Pacific<br />
China<br />
India<br />
Japan<br />
Australia & New Zealand<br />
Rest of Asia Pacific<br />
Latin America<br />
Middle East & Africa<br />
Middle East<br />
Africa