High Intensity Sweeteners Market has witnessed a significant growth owing to new applications and ongoing developments in the food industry including baked foods and dairy products. The analyst from IndustryARC has valued the global high intensity sweeteners market to be $1.9 billion as of 2018. Additionally, the demand is expected to grow at a CAGR of 4.40% during the forecast period 2019-2025, as per newly compiled market research report.
The IndustryARC’s newly publish business intelligence report is titled “High Intensity Sweeteners Market: Applications (Food production, Beverages, Pharmaceutical, Cosmetics, Animal, Agriculture feed), Type (Saccharin, Acesulfame Potassium, Neotame, Aspartame, Sucralose, Advantame) & Region - Forecast (2019 - 2025).” The report states that the upsurge in the incidences of obesity and diabetes, and the growing number of health conscious consumers in the developing economies have led to a change in their dietary habits of consumers. Hence, the high intensity sweeteners market is expected to witness a significant growth.
High Intensity Sweeteners Market: Leading Segments
North America dominated the global high intensity sweeteners market with a regional share of 32.00% in 2018. Major companies are targeting the region in order to tap into the potential consumer demand. Due to North America being a developed economy, the high intensity sweeteners are approved under the regulation of the Food and Drug Administration (FDA) for use of these food additive by the food and beverage manufacturers. An Increase in the health-related concerns have led to change in the dietary habits of the consumers. Furthermore, the sugar-free or diet food and beverages such as canned food, frozen food, and carbonated drinks are driving the demand for high intensity sweeteners market growth.
On the other hand, the analysts of the report has identified that beverages, which is among the most trending segment in the high intensity sweeteners market, growing at a CAGR of 9% during the aforementioned forecast period. Owing to growing demand for sugar-free drinks and diet beverages, the demand for high intensity sweeteners is expected to grow in the beverages sector.
High Intensity Sweeteners Market: Market Trends and Growth Drivers
· The rising health concerns among the population suffering from weight-related issues such as obesity and diabetes are influencing growth of the high intensity sweeteners market. Owing to this, the consumers are inclining towards sugar free diet.
· Recently, the companies have adopted the consumption of stevia, an organic version of the sweetener, for manufacturing the products.. In 2017, Cargill Corporation collaborated with Evolva for the commercialization and production of reb-M and reb-D.
· Agave is a trend that is emerging in the high intensity sweeteners market. Its high sweetness intensity balances its calories, and it is considered as a very good substitute for sugar and is much more healthful as it is relatively low on the glycemic index (GI) and contains fructose.
· Singapore Nutrition Innovation has patented Nucane as low glycemic index sugarcane. The company developed an algorithm to retain naturally occurring minerals which can quickly and easily convert the sugar by using new technologies.
High Intensity Sweeteners Market: Competitive Landscape
Some of the key companies
identified in the report that are currently holding majority shares in the
global high intensity sweeteners market are Eartland Food Products Group,
Cargill, Stevia First Corporation, DuPont, Archer Daniels Midland Company,
Celanese Corporation, and Cargill Corporation.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.