Global alternative sweeteners market research: by product type (artificial & natural sweeteners and others) application (sweet snacks, bakery & confectionery, dairy & frozen desserts, alcoholic & non-alcoholic beverages) and region - Forecast till 2023
Market Analysis
Alternative sweeteners are nourishment substances which contain no/low calories and can be utilized instead of sugar because of their sweet taste. They are better than table sugar and hence, a small amount is adequate to accomplish the similar sweetness level as sugar. They additionally help in improving the flavor and taste of the food. Alternative sweeteners can either be created utilizing natural and artificial sources. Synthetically created sugars are likewise called artificial sweeteners. Natural sweeteners include sucrose, maple syrup, stevia, monk fruit, and several others while artificial sweeteners include saccharin, aspartame, sucralose, acesulfame potassium, neotame, and others.
One of the significant reasons behind the rising development of alternative sweeteners market is the mounting development of different drinks. Drinks are picking up traction both in the developing and developed economies. Expanding populace combined with the rising per capita disposable income is foreseen to fuel the alternative sweeteners market. Other than that, significant factors, for example, rising female workforce and expanding request of convenient items are foreseen to be the noteworthy elements for expanding the demand for beverages which is eventually foreseen to fuel the general development of alternative sweeteners market. Alternative sweeteners are highly utilized in the bread shop and candy parlor items, bakery products, dairy items, and different solidified nourishments which will help to upsurge the alternative sweeteners and its sales amid the forecast period of 2017-2023.
Market Segmentation
The global alternative sweeteners market is bifurcated on the basis of its application and product type. On the basis of its application, global alternative sweeteners market is sectioned into sweet snacks, dairy & frozen desserts, bakery & confectionery, non-alcoholic beverages, alcoholic beverages, and others. Based on its product type, the market is divided into natural sweeteners, artificial sweeteners, and others.
Regional Analysis
Geographically, the global alternative sweeteners market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Industry Players
The list of major players in the global alternative sweeteners market includes companies like Archer Daniels Midland Company (U.S.), DuPont Nutrition & Health (Denmark), Ajinomoto Co. Inc. (Japan), Tate & Lyle Plc (U.K), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), Roquette Freres S.A. (France), A.B. Enterprise (India), Macandrews & Forbes Incorporate (U.S.), Akhil Healthcare Pvt. Ltd. (India), Anhui Elite Industrial Co.,Ltd (China), Herboveda (India), Hill Pharmaceutical Co. Ltd. (China), Az?cares Prieto (Spain), Hangzhou Focus Corporation (Shanghai), Shandong Shengwang Pharmaceutical Co. Ltd. (China), Denk Ingredients (Germany), among others.