The global high intensity sweeteners (HIS) market was valued at $1,807million in 2016, and is anticipated to reach at $2,134 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content and higher. Moreover, HIS are ideal alternatives to sugar and other caloric sweeteners such as high-fructose syrup.
The demand for high-intensity sweeteners is not only due to its desired sweetness and price but also for its taste, nutrition, bulkiness, preservative qualities, heat resistance and blending abilities. In addition, rise in health concerns and increase in the number of people suffering from diabetes and obesity boost the market growth. Furthermore, rise in demand for low-calorie sweetener and growth in the number of obese population majorly in the developing economies propel the market growth.
The global high-intensity sweeteners market is segmented based on type, application, and geography. On the basis of type, it is classified into saccharin, acesulfame potassium (ace-k), sucralose, neotame, advantame, steviol glycosides, and luo han guo fruit extracts (monk fruit). Based on application, it is categorized into beverages, bakery & confectionery, dietary products, dairy products, pharmaceuticals, table top sweeteners, and others (deserts & nutritional products). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players have largely invested in R&D activities to develop advanced products to cater to the demand of end users. The major players in the high intensity sweeteners market include
Hyet Sweet
Tate and Lyle, Plc.
Celanese Corporation
Cumberland Packing Corporation
Merisant
Ajinomoto Co.
Hermes Sweeteners Ltd.
JK Sucralose
Heartland Food Products Group
Stevia First Corporation
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the global high intensity sweeteners market size and trends from 2016 to 2023 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the high intensity sweeteners industry analysis and growth is provided in the report.
Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
Porter's five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
The report provides key insights on strategic market analysis of various companies as well as the value chain analysis of the industry.
KEY MARKET SEGMENTS
By Type
Saccharin
Aspartame
Acesulfame Potassium (Ace-K)
Sucralose
Neotame
Advantame
Steviol Glycosides
Luo Han Guo Fruit Extracts (Monk Fruit)
By Application
Beverages
Bakery & Confectionery
Dietary Products
Dairy Products
Pharmaceuticals
Table Top Sweeteners
Others (Desserts & Nutritional Products)
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Pakistan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
The other players in the value chain (profiles not included in the report) are
Cargill, Inc.
The NaturaSweet Company
A & Z Food Additives Co., Ltd.
DuPont
PureCircle
Archer Daniels Midland Company
Associated British Foods.
