Market Research Report
Low-Calorie Sweetener Market - Segmented by Source Type (Natural, Artificial), Product Type (Sucralose, Saccharin, Aspartame, Neotame, Advantame, etc), Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||754855|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Low-Calorie Sweetener Market - Segmented by Source Type (Natural, Artificial), Product Type (Sucralose, Saccharin, Aspartame, Neotame, Advantame, etc), Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|Published: September 1, 2018||Content info: 100 Pages||
The global low-calorie sweetener market is segmented based on the source type, product type, application type and geography. Based on source type, the market is segmented into natural and artificial sweetener. Low calorie sweeteners are increasingly being employed into various food products. Apart from that, their non-food usage has also been expanding drastically, especially in the pharmaceutical industries. The various food-based applications wherein these sugar substitutes are employed: dairy, confectioneries, bakery, and others. Asia-Pacific and European regions are expected to lead the regional market for low calorie sweeteners during the forecast period owing to the strong demand from the emerging economies.Global low-calorie sweetener market is expected at a CAGR of 4.72% during the forecast period 2018-2023. Europe holds the major share in the market.
Sweetness-enhancing components have a long history of usage. In today's highly dynamic scenario, as consumers have an increasing array of attributes from the products they consume, the food industry has taken a step ahead to deliver sweetener ingredients from a myriad of sources with wide-ranging properties.Increased demand of natural, low-caloric sweeteners and high demand from emerging economies owing to growing urbanization and rising affluence are the major factors driving the market growth. While increasing concerns regarding clean label solutions, and the complex regulatory structure in EU and United States may impede the low-calorie sweetener market growth, product innovation and growing demand for low-caloric sweeteners would help the market grow further during the forecast period. The increase in awareness about the effects of sugar on health and fitness among consumers, coupled with the high consumption of sweetener-based beverages and confectionery has created a growing market for low-calorie sweeteners. Low-calorie sweeteners import into growth market such as Indonesia and India is still considered low in volume due to the lack of health motivation.
The global low-calorie sweeteners market is largely dominated by countries like United States, Canada, Germany, China, and United Kingdom. North America held the highest market share in the global low-calorie sweeteners market in 2017, out of which United States recorded the highest market revenue. With the increasing prominence of countries like the U.K, Germany, France, Europe holds the second largest market share after North America in the global low-calorie sweeteners market.
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