High Intensity Sweeteners Market Overview:
Global High Intensity Sweeteners Market was valued at $1,807 million in 2016, and is expected to reach at $2,134 million by 2023, registering a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are sugar substitutes required in lower concentration than other sweetening agents, such as sucrose, and comprises lesser calorie content. For instance, the compound aspartame is about 160-220 times sweeter than sucrose and is considered a high-intensity sweetener. Moreover, these sweeteners are widely used in the foods to prevent dental caries and foods consumed by diabetics as these inhibit dental caries and prevent increase in blood sugar levels. Furthermore, these sweeteners are extensively used by diabetics due to their low-calorie value. Moreover, the use of these sweeteners are regulated by Food and Drug Administration (FDA) for use as an food additive, and are commercially used after receiving an approval from Generally Recognized as Safe (GRAS), especially in Europe and North America.
Global High Intensity Sweeteners Market Segmentation
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 beverage, 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 global high-intensity sweeteners market is driven by the production & consumption of diet carbonated soft drinks and low-calorie foods. Moreover, these sweeteners are added to diet soft drinks, low-calorie yogurts, and sugar-free jams, so that they taste like their conventional counterparts. In addition, growing health concern, such as obesity, and rising incidence of diabetes and cardiac arrest have boosted consumers to improve their lifestyles and adapt healthier and low-calorie diet pattern. Furthermore, rise in adoption of Stevia extracts high-intensity sweeteners in food & beverage health products fuels the market growth.
The implementation of stringent regulations and taxation regarding the use of high-calorie foods in Europe and North America is expected to drive the market. At present, the Mexican Government enacted a law to collect tax on high-calorie processed foods, including carbonated soft drink. However, increasing challenges for food producers to develop sweeteners that cater to consumer expectations of good taste and reducing the cost of the final product restrain the market growth. In addition, ambiguity about health-related issues due to consumption of high-intensity sweeteners could hamper their adoption thereby, hampering the market growth.
Top Investment Pockets
The beverages segment is expected to be the most lucrative segment owing to increasing demand for sugar free diet drinks (low-calorie and zero-calorie) among health-conscious people, diabetics and athletics. These drinks help in reduction of body weight, improvement in physical fitness by reduction in intake of sugar. In addition, the non-carcinogenic properties of HIS has also increased the consumption of high intensity sweeteners and had also aided in reduction of the symptoms of endocrinal diseases such as Type 2 Diabetes, cardiovascular events or metabolic syndrome.
Top Investment Pockets
The Acesulfame potassium segment dominated the global market in 2016, and is anticipated to maintain this trend throughout the forecast period. The sucralose segment is expected to grow at a CAGR of 2.4%.
High-intensity Sweeteners Market Share, By Type, 2016 (%)
Asia-Pacific accounted for a significant share of the global revenue in 2016, followed by LAMEA and Europe. Furthermore, rise in living standards, change in lifestyle, and extensive branding by food manufacturers are expected to increase the demand for high-intensity sweeteners. These are estimated to grow at the highest CAGR, owing to spread of obesity in the emerging Asian economies.
Australia High Intensity Sweeteners Market Value, 2016-2023 ($Million)
The key players, such as Hyet Sweet, Tate and Lyle, Plc., Celanese Corporation, Cumberland Packing Corporation, Merisant, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose, Inc., Heartland Food Products Group, and Stevia First Corporation, have invested in R&D activities to develop advanced products to cater to the requirements of the market.
The other players in the value chain (profiles not included in the report) include Cargill, Inc., The NaturaSweet Company, A & Z Food Additives Co., Ltd., DuPont, PureCircle, Archer Daniels Midland Company, and Associated British Foods.
- 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.
- Porters 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.
High-intensity Sweeteners Market Key Segments:
- Acesulfame Potassium (Ace-K)
- Steviol Glycosides
- Luo Han Guo Fruit Extracts (Monk Fruit)
- Bakery & Confectionery
- Dietary Products
- Dairy Products
- Table Top Sweeteners
- Others (Desserts & Nutritional Products)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA