Global Alternative Sweetener Market:Rising Demand for Low-Calorie Healthier Food to Propel Market at 4.2% CAGR

2024-12-23 12:08:03 Lifestyle

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According to a recent market research report released by Transparency Market Research, the global alternative sweetener market is estimated to expand at a CAGR of 4.2% during the period between 2015 and 2021. The report, titled ?Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021?, projects the global alternative sweetener market to be worth US$15.4 bn by 2021. The overall market was valued at US$11.5 bn in 2014.

The report points out that the rising demand for low-calorie healthier food products, along with the demand for natural sugar substitutes, has propelled the global alternative sweeter market. Rising prices of sugar have created a market for alternative sweeteners. However, the report states that food and safety regulations might restrain the growth of the overall market during the forecast horizon. Excessive usage of sugar-free food products causes health problems. This can further hinder the market?s growth in the near future. The report mentions that the global alternative sweetener market has a huge opportunity to grow with the increasing usage of alternative sweeteners in diet soft drinks and food.

Browse full Alternative Sweetener Market report at :http://www.transparencymarketresearch.com/alternative-sweetener-market.html

On the basis of product type, the global alternative sweetener market has been segmented into high intensity sweeteners (HIS), low intensity sweeteners (LIS), and high fructose syrup (HFS). In 2014, high intensity sweeteners (HIS) accounted for the largest market share and the segment is forecast to expand at a 3.4% CAGR during the period between 2015 and 2021. The high fructose syrup segment held the second largest market share in 2014. During the forecast period, low intensity sweeteners are expected to be the fastest growing segment in the market, displaying a CAGR of 7.1%.

In terms of application, the global alternative sweetener market has been categorized into food, beverages, and others including pharmaceuticals and personal care. The demand for alternative sweeteners from the food and beverages sector has been rapidly increasing. Alternative sweeteners are used in beverages such as ready-to-drink tea, coffee, juices, and diet carbonated soft drinks. In food products such as chewing gum, tabletop sweeteners, confectionaries, bakery products, chocolates, and dairy products, low intensity sweeteners are gradually replacing high intensity sweeteners and high fructose syrup. Further, alternative sweeteners also find application in personal care products such as mouthwashes, toothpastes, and glycerin.

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Geographically, the global alternative sweetener market has been segmented into four key regions: North America, Europe, Asia Pacific, and Rest of the World. North America dominates the global alternative sweetener market and is expected to continue its dominance during the forecast horizon, expanding at a CAGR of 3.6%. The U.S. and Mexico are the key countries contributing to the growth of the market in the region. The demand for alternative sweeteners from Asia Pacific is significantly high. India and China are the major countries with high demand for alternative sweeteners. The alternative sweetener market is forecast to expand at a CAGR of 6.0% and 3.4% in these two countries, respectively.

The report profiles some of the key players in the global alternative sweetener market, such as Cargill Incorporated, Tate & Lyle Plc, Ajinomoto Co. Inc., Ingredion Incorporated, Archer-Daniels-Midland Company, Roquette Fr?res S.A., and NutraSweet Company.

The research study has been segmented as below:
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
Food
Beverages
Others
Global Alternative Sweetener Market, by geography
North America
Europe
Asia pacific
Rest of the World

Browse the full Press Release :http://www.transparencymarketresearch.com/pressrelease/alternative-sweetener-market.htm