Global Non-Sugar Sweeteners Market: By Type (Natural Sweeteners and Artificial Sweetener), By Application (Food and Beverages), and Geography Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global non-sugar sweeteners market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Non-Sugar Sweeteners Market Non-sugar sweeteners are the food additives that are added in the food and beverages as the alternative to sugar which provides sweet taste. The sugars substitutes that are used in the food and beverages are produced either naturally or produced synthetically. The sugar substitutes that are produced synthetically are called as the artificial sweeteners. The non-sugar sweeteners are typically used in diet and low calorie food and beverages.
Increase in the prevalence of obesity and diabetes are the major factors affecting the growth of the non-sugar sweeteners market. The rising awareness among the people regarding the non-sugar sweeteners and their benefits is enriching the growth of the market. The increasing urbanization along with growing health problems and rising demand for the high intensity sweeteners are likely to enhance the growth of the market. However, the high cost of the product may hinder the growth of the market.
Market Scope: Non-Sugar Sweeteners Market Non-sugar sweeteners market is segmented based on the type, and application Based on the type, the market is segmented into the following: Natural Sweeteners o Glycyrrhizin o Stevia o Sorbitol o Monatin o Thaumatin o Tagatose o Others Artificial Sweeteners o Alitame o Aspartame o Neotame o Cyclamate o Acesulfame Potassium o Others Based on the application, the market is segmented into the following: Food o Baked Products o Frozen Desserts o Others Beverage o High-Fructose Corn Syrup o Sugar Alcohol o Others
Regional Analysis: Non-Sugar Sweeteners Market Geographically, global non-sugar sweeteners market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America non-sugar sweeteners market is dominant when compared with that of the other regions. The rising obese patient pool and diabetic population are the factors responsible for the growth of the market in the region. According to the World Health Organization (WHO) diabetes is forecasted to be the 7th leading cause of death by 2030. The growing health consciousness and rising fitness concerns are also enhancing the growth of the market in the region. Following North America, are the regions of Europe and Asia-Pacific. The emerging countries in the Asia-Pacific region has grown at faster pace. The increasing demand of low calorie diet is expected to drive the growth of the non-sugar sweeteners market in the Asia-Pacific region.
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