Global Artificial Sweeteners Market
The GMI Research forecasts that the Artificial Sweeteners Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing awareness and health consciousness among the people, which is raising the demand for low-calorie sugar substitutes.
Introduction of the Artificial Sweeteners Market:
Artificial sweeteners are mainly alternatives to sugar derived from natural substances, including herbs or the sugar itself. They are widely used in foods such as powdered drink mixes, desserts, jam and jelly, baked goods, dairy products, and beverages to sustain taste and make it healthier.
Key Players of the Global Artificial Sweeteners Market:
- Aker Solutions
- Expro Group
- John Wood Group Plc
- Oceaneering International, Inc.
- TETRA Technologies, Inc.
- AF Gruppen
- Ramboll Group
- TechnipFMC plc
- Acteon Group Ltd.
- Schlumberger Limited
Artificial Sweeteners Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting knowledge about the various beneficial features of these sugar substitutes, accompanied by the robust demand for low-calorie sugar-free products across the nation, are some of the driving factors of the global artificial sweeteners market. In addition, the mounting utilization of these sweeteners in enormous end-user industries will further strengthen the Artificial Sweeteners market size. The remarkable switch in the consumption pattern promoted by the increasing inclination towards healthier food options with less sugar stimulates market growth. Furthermore, the sudden and widespread outbreak of the coronavirus pandemic has positively influenced the market growth. This is mainly because the consumers are increasingly acquiring healthier diet patterns and emphasizing their immune systems to curb the diseases.
Moreover, the growing number of diseases like obesity, heart diseases, and diabetes will directly alleviate the market growth. However, the transpiring apprehension towards safety and allergic reactions among consumers will hinder the market growth.
Product Type Segment Drivers
Based on the product type, Aspartame is expected to expand at a higher growth rate over the forecast period. This is mainly because this high-intensity sweetener is widely used in various food & beverage products, including bakery and fruit-based drinks. Additionally, the strong demand is due to their escalating utilization in soft drink and confectionery applications. Their notable advantages, including cost-effective and much sweeter than the sugar cubes, are propelling the market growth.
Form Segment Drivers
On the basis of form, the market is segmented into solid, liquid, and powder. Among these, the liquid form will witness acceleration in growth in the near future. This is primarily due to their extensive usage in products owing to their mixing ability with other ingredients.
Application Segment Drivers
Based on the application, beverages are projected to grow at a faster CAGR over the forecast period. Consumers are actively looking for drinks with low sugar content. Artificial sweeteners, such as aspartame, acesulfame-K, and sucralose, are excellent alternatives of sugar which are mostly used in soft drinks. The potential of these sweeteners to lower the amount of sugar without altering the taste and appearance is promoting the manufacturers to choose these sweeteners to cater to the changing demand of the target customers.
Regional Drivers
Based on the regional coverage, Asia-pacific is forecasted to observe significant growth over the coming years. This is attributed to the aggravating recognition regarding the adverse negative impacts of consuming sugar-based products and the demand for nutritional food options among the young population. Furthermore, the accelerating disposable income coupled with the changing preference of consumers will drive the market in countries such as India and China. The soaring urban population is enlarging the food and beverage industry, thereby indirectly supplementing the market growth.
Artificial Sweeteners Market Segmentation:
Segmentation by Product Type
- Acesulfame-K
- Aspartame
- Saccharin
- Sucralose
- Neotame
Segmentation by Application
- Bakery Goods
- Confectionery & Chewing Gums
- Sweet Spreads
- Beverages
- Dairy Products
- Others
Segmentation by Form
- Liquid
- Powder
- Solid
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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