Alternative Sweetener Market to expand with the increasing diet conscious people

Alternative Sweetener Market Size and Growth Rate:

The global alternative sweeteners market Size is predictable to reach 18.65 Billion in 2024, growing at a CAGR of 5.23% from 2018 to 2025.

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Alternative Sweetener Market Overview:

The alternative sweetener is a basic sugar substitute that is used to sweeten and improve the flavour of drinks and foods. A small number of alternative sweeteners provide the same level of sweetness as that of table sugar. Substitute sweeteners are declared as food additives and plays an important role in controlling the number of calories expended through natural sugar. The growth of the alternative sweetener market is primarily due to the growing consumption of processed foods in industrialized countries and an increasing number of beverage companies globally.

Alternative Sweetener Market Growth Drivers and Restraints:

Due to rising health consciousness among the consumers, numerous manufacturers aim to familiarize different types of sugar substitutes into the market. In addition, changing prices of sugar is likely to boost the demand for alternative sweetener across various application segments in the coming years. Furthermore, the health concern relating to the problem of cancer on using low calories sweetener is also shortened.

Alternative sweeteners are used to reduce carbohydrates and to manage the calorie count of an individual, refining the overall health of the consumer. On the other hand, rising rate of obesity, growing number of diabetic population and other high calorie related health problems are also foretold to fuel the demand for alternative sweetener in the coming years.

Moreover, an increasing number of diet conscious people and a high number of diabetic patients is anticipated to enhance the growth of the global market for alternative sweetener within the forecast period. Growing urban population and rapid expansion of end-use industries in developing countries such as China and India are the key factors anticipated to fuel the growth of the market during the forecast period.

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Alternative Sweetener Market Geographical Segmentation:

North America is the dominant region in the global alternative sweetener market with a main market share in terms of revenue in 2017. High consumption of alternative sweetener together with a high preference for processed food products including cakes, chocolates, and other bakery products are the crucial factors driving the growth of the market in the region. Moreover, ongoing innovations in the area of energy and sports drinks are expected to enhance the market growth in the near future.

Asia Pacific is likely to show huge development in alternative sweetener consumption rates due to growing urbanization and changing lifestyles. Increasing health concerns along with the rising number of diabetic and overweight population is driving the growth of alternative sweetener market in the Asia Pacific.

Key players of the Alternative Sweetener Market:

Some of the big players operating in the alternative sweetener market across the globe are Ajinomoto Co. Inc., Archer-Daniels-Midland Company, NutraSweet Company, Ingredion Incorporated, Tate & Lyle Plc, Roquette Frères S.A., and Cargill Incorporated.

Alternative Sweetener Market Segmentation:

By Type:

·         High-Fructose Syrup (HFS)

·         High-Intensity Sweetener (HIS)

·         Low-Intensity Sweetener (LIS)

By Application:

·         Food & Beverages

·         Pharmaceuticals

By Region:

·         North America

·         South America

·         Europe

·         Asia Pacific

·         Middle East and Africa

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