Market Insights
Sugar free food are very much popular because of their less calorie content. So food industry uses various artificial sweeteners which are low in calorie content instead of high calorie sugar. The global artificial sweetener market records a revenue of USD 3.2 billion in 2016, registering a CAGR of 3.25% during the forecast period.
Rising health concerns, regarding the harmful effects of table sugar, and growing prevalence of lifestyle diseases, like diabetes and heart diseases, have driven people to opt for healthy alternatives like artificial sweeteners. Aspartame and sucralose are the common additives used to sweeten a range of products in food & beverage industry. The global soft drink industry is poised to consume the maximum amount of aspartame.
The food & beverage industry is increasingly replacing sugar or corn syrup with non-nutritive sweeteners. High demand from soft drink and confectionery industries is expected to act as a growth driver for artificial sweeteners market. Diet beverages and low-sugar food for diabetic and diet-conscious consumers are anticipated to be the demand drivers, during the forecast period.
Regulatory approvals by Food & Drug Authority (FDA) and European Food Safety Authority (EFSA) to sweeteners, such as aspartame, Ace-K, and saccharin, are also expected to fuel the demand from end-use industries.
The US Food and Drug Administration has approved aspartame, acesulfame-k, neotame, cyclamate and alitame for use as per acceptable daily intake (ADI) value. But, breakdown products of these sweeteners have controversial health and metabolic effects. On the other hand, rare sugars are monosaccharides and have no known health effects because it does not metabolize in our body, but shows same sweet taste and bulk property as sugar.
Market Segmentation
The global artificial sweeteners market is segmented, based on product type, into nutritive (aspartame) and non-nutritive (acesulfame k, saccharin, sucralose, and neotame). Moreover, the market, based on application, is segmented into bakery items like pastries, cookies, dairy products, confectioneries, beverages, and ‘others’. Geographically, the market is segmented into North America, South America, Asia-Pacific, Europe, and Africa.
Saccharin is an oldest artificial sweetener, which is 200 to 700 times sweeter than sugar. Acesulfame-K is not metabolized by the body, which means that no calories are absorbed when consumed. It shows 200 times sweetness than sugar.
Regional Analysis
The use of artificial sweeteners in developed countries like North America and Europe has declined, due to the decreased soft drink consumption. However, regions like Asia-Pacific and the Middle East are expected to drive the market growth. Artificial sweeteners are regulated by the U.S. Food and Drug Administration (FDA) before they can be made available for sale in North American region. High investments in affordable food products, along with rising consumer’s consciousness in developing economies, is expected to provide great opportunities to producers and manufacturers. The increasing use of artificial sweeteners in Asia-Pacific owes to the consumers’ preference shift towards convenience foods.
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Competitive Landscape
The major manufacturers in the artificial sweeteners market are continuously exploring different sources and advanced technologies to provide safe, affordable, and efficient artificial sweeteners. The major players in the industry are Whole Earth Sweetener, Ach Food, Madhava Sweeteners, Cargill, Beijing Vitasweet Co. Ltd And Ajinomoto Co. Inc.
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- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
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Customization of the Report
- Value chain analysis
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1. INTRODUCTION
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. RESEARCH APPROACH AND METHODOLOGY
2.1 INTRODUCTION
2.2 RESEARCH DESIGN
2.3 STUDY TIMELINES
2.4 STUDY PHASES
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. MARKET OVERVIEW AND DYNAMICS
3.1 MARKET TRENDS
3.2 MARKET DYNAMICS
3.2.1 Drivers
3.2.1.1 Growing Sedentary Lifestyles
3.2.1.2 High Prevalence of Obesity, Heart diseases, and Diabetes
3.2.1.2 Negative Perceptions of Table Sugar
3.2.2 Restraints
3.2.2.1 Toxicological Evidence and Safety Concerns
3.2.2.2 Stringent and Non-Uniform Regulatory Set-up
3.2.3 Opportunities
3.2.3.1 Increasing Popularity of Weight Loss Diets
3.2.3.2 Growing Fitness-Conscious Population
3.2.4 Porter's Five Forces Analysis
3.2.4.1 Bargaining Power of Suppliers
3.2.4.2 Bargaining Power of Buyers
3.2.4.3 Threat of New Entrants
3.2.4.4 Threat of Substitute Products & Services
3.2.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 BY TYPE
4.1.1 Nutritive
4.1.1.1 Aspartame
4.1.2 Non-nutritive
4.1.2.1 Acesulfame K
4.1.2.2 Saccharin
4.1.2.3 Sucralose
4.1.2.4 Neotame
4.2 BY APPLICATION
4.2.1 Bakery items
4.2.2 Dairy products
4.2.3 Confectioneries
4.2.4 Beverages
4.2.5 Others
4.3 BY GEOGRAPHY
4.3.1 NORTH AMERICA
4.3.1.1. United States
4.3.1.2 Mexico
4.3.1.3. Canada
4.3.1. 4. Others
4.3.2. ASIA-PACIFIC
4.3.2.1. India
4.3.2.2. China
4.3.2.3. Japan
4.3.2.4. Australia
4.3.2.5. Others
4.3.3 Europe
4.3.3.1. United Kingdom
4.3.3.2. France
4.3.3.3. Germany
4.3.3.4. France
4.3.3.5. Italy
4.3.3.6. Spain
4.3.3.7. Others
4.3.4 South America
4.3.4.1. Brazil
4.3.4.2. Argentina
4.3.4.3. Others
4.3.5 Africa
4.3.5.1. South Africa
4.3.5.2. Others
5. COMPATATIVE LANDSCAPE
5.1 Strategy Adopted by Key Players
5.2 Most Active Companies in the Last Five Years
5.3 Market Share Analysis
6. COMPANY PROFILE
6.1 Whole Earth Sweetener
6.2 Ach Food
6.3 Madhava Sweeteners
6.4 Cargill. Inc.
6.5 Beijing Vitasweet Co. Ltd.
6.6 Ajinomoto Co. Inc.
6.7 NutraSweet Company
6.8 Cumberland Packing
6.9 Merisant Company
6.10 Tate & Lyle PLC
