Global Alternative Sweeteners Market is segmented into type (high fructose syrup, high-intensity sweetener, and low-intensity sweetener), by Application (Food, Beverage, and Others), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) – is expected to reach US$ 6.43 Bn by 2026, at a CAGR of 3.86%.
Rising health consciousness among people and the rising popularity of healthy and low-calorie foods are some of the key factors that are projected to encourage the growth of the global alternative sweetener market throughout the forecast period. One of the important reasons for the increasing growth of alternative sweeteners market is the mounting growth of various beverages. Beverages are gaining traction both in the developed and developing economies. Rising population coupled with increasing per capita disposable income is expected to fuel the sales of beverages.
High-calorie sugar products are being rapidly replaced by alternative sweeteners in the food & beverage industry for preparing juice, carbonated drinks, frozen food, cereals, and whipped creams. Moreover, strict government norms related to sweeteners that consist of specific chemicals and ingredients can hamper the market demand.
The high-intensity sweetener segment is expected to hold a significant share in the global alternative sweeteners market
In terms of type, the high-intensity sweetener segment is expected to hold a significant share in the global alternative sweeteners market. With the increasing consumer preference, this segment is predicted to enhance the growth of the overall market throughout the forecast period. High-intensity sweeteners (HIS) are food additives used as a sugar substitute to give the flavor of sugar.
Asia-Pacific is anticipated to be the fastest growing segment during the forecast period
In terms of region, Asia-Pacific is anticipated to be the fastest growing segment during the forecast period. Europe alternative sweeteners market will foresee exponential growth due to advancement in technology and rising research & development activities. Moreover, people are recognizing the health benefits associated with sugar substitutes over regular sugar, in turn strengthening the industry demand.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Ajinomoto Co., Inc., Archer-Daniels-Midland-Company, Cargill Incorporated, DuPont Nutrition & Health, GLG Life Tech Corporation, Ingredion Incorporated, Naturex S.A., Tate & Lyle Plc, PureCircle Limited, and Associated British Foods Plc.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global alternative sweeteners market. The report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global alternative sweeteners market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global alternative sweeteners market positioning of competitors.
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