Market Research Report
Artificial Sweeteners Market - Growth, Trend and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||572857|
Delivery time: 2-3 business days
|Artificial Sweeteners Market - Growth, Trend and Forecast (2020 - 2025)|
|Published: April 1, 2020||Content info:||
Global artificial sweetener market is projected to reach 2.70 billion USD in 2024 by registering a CAGR of 3.7% during the forecasted period (2019-2024).
Global Artificial Sweetener Market is segmented by type into Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame. By Application into Bakery Products, Dairy products, Confectionery, Beverages, and Others. Others category include jams, syrups, raisins, etc. And the geographical analysis of the market has also been included.
The Major Application Of Artificial Sweeteners Are In The Beverage Industry
Artificial sweeteners have almost replaced the place of 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. The natural profile and the clean label of artificial sweeteners are also factors driving the market. Moreover, in fizzy drinks the amount of sugar can be reduced without any significant change in its taste and appearance, this 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 Sweeteners
The 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.
The global 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.