Published on : Dec 11, 2019
Alternative sweeteners are used as sugar alternatives. They are used in controlled concentration to sweeten different food and beverages. Diabetic and overweight people are the major consumers as these sweeteners are low in calorie content. Different variants of these sweeteners including high-intensity sweeteners, low-intensity sweeteners and syrups rich in fructose are used in preparation of different food and beverages products including dairy products, carbonated drinks and bakery items.
Global alternative sweetener market is expected to grow at 5.6% CAGR during the forecast period 2019-2024. The global market is estimated to attain a value of USD 17.3Bn by the end of forecast period.
An intelligence report titled, “Global Alternative Sweetener Market (2019-2024) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Product Types (High-fructose Syrup, High-intensity Sweetener, Low-intensity Sweetener) Applications (Food, Beverage) and Geography (North America, Asia Pacific, The Middle East and Africa, Europe and Latin America)” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
High-intensity sweeteners dominate the global market in terms of product type with 41% of market share. Factors including consumption of diet sugar drives this growth. High-fructose syrup segment comes next with31.2% market share. It is used for its liquid form in different food and beverages. Low-intensity sweeteners segment is known to acquire 27.8% of the market shared in the year 2019.
Beverage segment is the application that is known to hold highest market share of about 55.4% in the year 2019. It is expected to grow with5.9% CAGR during the forecast period 2019-2024. Various factors including increased consumption of diet soft drink variants along with beverages containing low sugar fuel the growth of the alternative sweetener market in the region.
North America held 35.5% of the global alternative sweetener market share in the year 2019. Asia Pacific is expected to expand with highest CAGR during the forecast period 2019-2024.
Major stake holders profiled in global alternative sweetener market include Archer Daniels Midland, Tate & Lyle, Cargill, Amai Proteins and SteviaOne.
Global alternative sweetener market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global alternative sweetener market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global alternative sweetener market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on alternative sweetener.
An insightful and deep-dive assessment of the competitive assessment of the Global alternative sweetener market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global alternative sweetener market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global alternative sweetener market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global alternative sweetener market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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