Global Alternative Sweeteners Market, By Product Type (High Fructose Syrup, High-Intensity Sweeteners, and Low-Intensity Sweeteners), Source (Natural and Synthetic), Application (Food and Beverages, Bakery, Confectionery, Dairy, Pharmaceuticals and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the global alternative sweeteners market will project a CAGR of 4.64% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growing focus on innovations in the food and beverages sector, rising consumer consciousness towards natural sweeteners, and increasing personal disposable income by the major companies are the major factors attributable to the growth of alternative sweeteners market.
From the name itself, it is clear that alternative sweeteners are the naturally or synthetically produced food additives that have a sweet taste and low fat and calorie content. Alternative sweeteners are easily available in the market in the form of high fructose syrup, high intensity and low intensity sweeteners. Further, alternative sweeteners improve the shelf life of the food products along with improving the taste.
Rising personal disposable income and growing prevalence of diabetes and obesity are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising awareness about the availability of both naturally and synthetically produced alternative sweeteners in the developing economies and rising overweight global population are other important factors acting as market growth determinants. Improving distribution channel, rising health consciousness among people, growing popularity of healthy and low-calorie foods, surging consumption of alcoholic and non-alcoholic beverages especially among the youngsters and changing tastes and preferences of consumers will further induce growth in the market value.
However, side effects on health associated with high consumption of food items with alternative sweeteners will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Stringent and strict government norms related to sweeteners that consist of specific chemicals and ingredients will also hamper the market growth rate.
This alternative sweeteners market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on alternative sweeteners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Alternative Sweeteners Market Scope and Market Size
The alternative sweeteners market is segmented on the basis of product type, source, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the alternative sweeteners market is segmented into high fructose syrup, high-intensity sweeteners and low-intensity sweeteners.
- Based on source, the alternative sweeteners market is segmented into natural and synthetic. Natural segment is sub-segmented into stevia, sorbitol, xylitol, and erythritol. Synthetic segment is sub-segmented into aspartame, acesulfame-K, sucralose, and saccharin.
- Based on application, the alternative sweeteners market is segmented into food and beverages, pharmaceuticals and others. Food and beverages segment is sub-segmented into bakery, confectionery, beverages, dairy and frozen desserts, sweet and savory snacks, and others.
Alternative Sweeteners Market Country Level Analysis
The alternative sweeteners market is analyses and market size, volume information is provided by country, product type, source, and application as referenced above.
The countries covered in the alternative sweeteners market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the alternative sweeteners market and will continue to flourish its trend of dominance during the forecast period owing to the growth and expansion of food and beverages industry especially in emerging economies. Asia-Pacific is set to register the a high growth rate during the forecast period owing to the increasing adoption of natural sweeteners in Asian food products such as pickles and flavored sauces, globalization, westernization, changing lifestyle and increasing personal disposable income.
The country section of the alternative sweeteners market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alternative Sweeteners Market Share Analysis
The alternative sweeteners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to alternative sweeteners market.
The major players covered in the alternative sweeteners market report are Ajinomoto Co. Inc., ADM, Cargill, Incorporated, DuPont, International Flavors & Fragrances Inc., GLG Life Tech Corporation, Ingredion Incorporated, Naturex, Tate & Lyle, PureCircle, Arboreal Bioinnovations Pvt. Ltd., Associated British Foods Plc., Almendra Pte. Ltd., B Food Science Co., Ltd., BENEO, ARNHEM GROUP., Roquette Frères., JK Sucralose Inc. and Celanese Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.