Published on : Feb 05, 2018
Albany, New York, February 5, 2018: The idea of consuming less sugar and replacing it with an all-natural sweetener is becoming more available and quite popular. Moreover, soft drink producers are also witnessing rising demand for a soft drink with reduced sugar. Hence, to meet the demand, producers are replacing sugar with natural and artificial sweeteners. A recent analysis on global market for natural sweeteners has been done by team of research experts, which has been publicized to the online repository of Market Research Hub (MRH), with the title of “Natural Sweeteners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. The study finds that the market is likely to witness growth due to the wide acceptance of natural sweeteners. The research also projects that the global market for natural sweeteners to witness modest growth and to register a CAGR of 4.5% between 2017 and 2026.
The main motive of the study is to provide an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2026. To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Japan, Asia Pacific excluding Japan, North America, and Latin America. The report also includes forecast on market size, revenue generated, sales, year-on-year growth in global market, regional market, and various segments.
In terms of revenue, the global market for natural sweetener is also likely to garner US$ 39,091.7 million by 2026 end. It has been analyzed that consumers are also willing to pay a premium for products that include natural sweeteners, owing to the increasing health awareness. By growing effort of manufacturers, a lot of new natural sugar substitutes are also being introduced. While, yacon root, coconut sugar, date syrup, brown rice syrup, palmyra jaggery are some of the trending natural sweeteners.
The global natural sweeteners market is segmented into the application, end users, product type, and region. On the basis of geography, Asia Pacific Excluding Japan (APEJ) is expected to remain dominant during the forecast period. By application, the market is further segmented into dairy products, beverages, sweet spreads, confectionery and chewing gums, bakery goods, and others. Presently, Natural sweeteners are likely to find the largest application in bakery goods. Towards the end of 2026, bakery goods are estimated to exceed US$ 8,100 million revenue.
Out of the two product type, which are high intensity and low intensity, the demand high intensity natural sweeteners are expected to be gain maximum traction in the global natural sweeteners market.
At last, the study highlights vendor landscape of the market which presents an exact picture of the various players active in this market. The leading players profiled in this research study are MacAndrews & Forbes Incorporated, Tate & Lyle PLC, DuPont, Niutang Chemical Ltd., Cargill, Incorporated, Ajinomoto Co., Inc., Associated British Foods PLC, Archer Daniels Midland Company, Ingredion Incorporated, Symrise AG, Nestlé S.A., Wilmar International Limited, Roquette Frères, and American Sugar Refining, Inc.
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