Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 – 2021
Albany, NY -- (SBWIRE) -- 07/24/2015 -- According to a new market report published by Transparency Market Research "Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021", global alternative sweetener market was valued at USD 11,538.6 million in 2014 and is expected to reach USD 15,466.7 million by 2021, growing at a CAGR of 4.2% from 2015 to 2021. North America dominated the global alternative sweetener market in terms of demand over the forecast period. Further, North America is expected to be the most promising market for alternative sweetener in the near future.
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The global alternative sweetener market is primarily driven by rise in demand for healthier low-calorie food and beverages. Furthermore, rising prices of sugar have boosted the growth of the alternative sweetener market. However, the restraining factor of the alternative sweetener market is the food and safety regulations and excess consumption of sugar substitutes which causes certain side effects such as cancer, obesity and cardiovascular diseases among others serious health problems.
The high intensity sweetener (HIS) held the largest market share in 2014. High intensity sweetener is expected to grow at a CAGR of 3.4% from 2015 to 2021. The high fructose syrup (HFS) held the second largest market share of alternative sweetener in 2014, followed by high intensity sweetener. The fastest growing market segment, low intensity sweetener in overall alternative sweetener market is expected to grow at a CAGR of 7.1% over the forecast period.
North America is the market leader for alternative sweetener, growing at a CAGR of 3.6% from 2015 to 2021. Asia Pacific is the other major region where alternative sweetener sales are very high and the region is expected to grow with a stable CAGR, between 2015 to 2021, followed by Europe. In North America, the U.S. and Mexico dominated the market revenue for alternative sweetener. In Asia Pacific, China and India are the major markets growing at a CAGR of 3.4% and 6.0% respectively from 2015 to 2021. In Europe, Germany was the most attractive market of alternative sweetener in terms of revenue in 2014. Though Asia Pacific held the second position in global alternative sweetener market, and still it is expected to grow with a high CAGR as compare to Europe over the forecast period.
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Tate & Lyle Plc, Cargill, Incorporated, Ajinomoto Co., Inc., Archer-Daniels-Midland Company, Ingredion Incorporated, Roquette Frères S.A., and NutraSweet Company are some of the key players operating in alternative sweetener market globally.
This research study is specially designed to estimate and analyze the demand and performance of alternative sweetener in a global scenario. Under the scope of the report, all the major product segments of the alternative sweetener market are covered. In addition, the report provides historical data, business strategies of major market players, statistically refined forecast and in-depth analysis for the segments covered. The research study provides detail analysis of alternative sweetener ingredients and alternative sweetener product manufacturers, sales of alternative sweetener based products and trend analysis by segments and demand by geography. The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the alternative sweetener market as below:
Global alternative sweetener market has been segmented as follows:
Global alternative sweetener market, by product type
High Fructose Syrup (HFS)
High Intensity Sweetener (HIS)
Low Intensity Sweetener (LIS)
Global alternative sweetener market, by application
Others (including pharmaceuticals and personal care etc)
In addition, the report provides cross-sectional analysis of all the above segments with respect to the following geographies:
Global alternative sweetener, by geography
Rest of North America
Rest of Europe
Rest of Europe
Rest of the World (RoW)
Other countries in RoW
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