Artificial Sweeteners Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Description
The global artificial sweetener market is projected to grow at a CAGR of3.7%, during the forecast period (2020-2025).
Key Highlights- Artificial sweeteners are sweeter than table sugar, but it has energy density far lower than table sugar.
- Artificial sweeteners find increased applications in the food and beverage industry, which includes soft drinks, sauces, chewing gum, jellies, dressings, baked goods, candy, fruit juice, ice cream, etc.
- Soft drink industry is found to have the maximum consumption of artificial sweeteners, due to the increasing demand for low sugar and diet beverages.
- The toxicological evidence and the concerns regarding the safety of artificial sweeteners is the major restraint of the market.
Artificial sweeteners have almost replaced sugar in the beverage industry, especially in the soft drink segment. Acesulphame-k, Aspartame, Cyclamate, and Sucralose are popular sweeteners, which are the major substitutes of sugar in soft drinks, especially in carbonated beverages. Natural profile and clean label of the artificial sweeteners are the factors driving the market. Moreover, in fizzy drinks, the amount of sugar can be reduced without changing in its taste and appearance, which has encouraged the beverage manufacturers to substitute sugar with artificial sweeteners. The reduced cost of production and the better economy of scale are also boosting the growth of the artificial sweetener market.
Asia-Pacific Is One Of The Largest Market For Artificial SweetenersThe rise in health awareness among the consumers, concerned about obesity, diabetes and the amount of calorie intake are driving the artificial sweetener market in the region. A trend of losing weight is also found in the region which reduces the usage of table sugar and boosts the artificial sugar market. The improved economic conditions and the changing lifestyles have resulted in the increased demand for convenience foods. The evolving dietary patterns such as low calorie and zero calorie foods are increasing in the processed and packed food segment, resulting in the increased demand for artificial sweeteners.
Competitive LandscapeGlobal artificial sweetener market is a fragmented market with the presence of various large and small regional players. Leading manufacturers in the artificial sweetener market are using advanced technologies to provide safe, affordable, and efficient artificial sweeteners. Major players in the market are – Whole Earth Sweetener, Ach Food, Madhava Sweeteners, Cargill Inc., Beijing Vitasweet Co. Ltd., Ajinomoto Co. Inc., and Tate & Lyle PLC.
Additional Benefits:- The market estimate (ME) sheet in Excel format
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Table of Contents
- 1 INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
- 2 RESEARCH METHODOLOGY
- 3 EXECUTIVE SUMMARY
- 4 MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
- 4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
- 5 MARKET SEGMENTATION
- 5.1 By Type
- 5.1.1 Aspartame
- 5.1.2 Acesulfame K
- 5.1.3 Saccharin
- 5.1.4 Sucralose
- 5.1.5 Neotame
- 5.1.6 Others
- 5.2 By Application
- 5.2.1 Bakery Products
- 5.2.2 Dairy products
- 5.2.3 Confectionery
- 5.2.4 Beverages
- 5.2.5 Others
- 5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle East and Africa
- 6 COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
- 6.4 Company Profiles
- 6.4.1 Tate & Lyle
- 6.4.2 Cargill Inc.
- 6.4.3 Archer Daniels Midland
- 6.4.4 Ingredion Inc.
- 6.4.5 Roquette
- 6.4.6 Ajinomoto Co. Inc.
- 6.4.7 JK Sucralose Inc.
- 6.4.8 Dupont
- 7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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