Natural Alternative Sweeteners Market
is expected to display higher growth rate in the upcoming years. Rapid surge in
the market is credited to the rising demand for low-calorie & organic
sweeteners and increasing number of diabetic patients worldwide. Growing
prevalence of chronic diseases is the key industry trend fostering the growth
of stevia sugar market in the past few years. Globally, market is predicted to
generate massive revenue over the forecast period, providing numerous
opportunities for industry participants to invest in research and development
of natural alternative sweeteners.
Rising health consciousness among younger population across
the globe is expected to fuel the growth of natural alternative sweeteners
market over the forecast period. Additionally, growing prevalence of lifestyle
related diseases such as diabetes; particularly in geriatric population in both
developed and developing economies is predicted to boost market growth in the
upcoming years. Increasing preference towards low calorie food and
confectionery items from developed economies is further solidifying market
position in the recent years as well.
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Varying food preferences and changing life style are
considered as one of the prominent factors responsible for market expansion in
the last couple of years. Growing demand for sugar-free chewing gum and
confectionery items are also propelling market growth, in the recent years.
Moreover, growing oral care and cosmetics sector in the Asia-Pacific region is
anticipated to foster demand for natural alternative sweeteners over the next
seven years. Increasing use of stevia sugar for production of confectionery,
biscuits, chocolates, and other baking products is expected to drive the growth
of natural alternative sweeteners in the upcoming years.
The natural alternative sweetener market is broadly
categorized into major segments based on the product type such as stevia sugar,
coconut sugar, raw honey, blackstrap molasses, monk fruit, maple syrup and
xylitol. Stevia sugar segment is growing rapidly in the market with substantial
revenue generation in the last few years. Growing popularity of stevia sugar
segment is attributed to the increasing product penetration and easy
availability.
The natural alternative sweetener market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in
implementation of latest technologies in food & beverages industry, surge
in number of research & development activities and existence of well-established
manufacturing infrastructure in the region. In European region, Germany,
France, and United Kingdom are projected to witness steady growth over the
coming years.
Asia-Pacific region is estimated to hold a major share in
the natural alternative sweeteners industry with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth, rising number of diabetic
patients, changing food habits, rising disposable income, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the natural alternative sweeteners market
are Cargill Inc., GLG Life Tech Corp., Zydus Wellness Ltd., Archer Daniels
Midland Co., Merisant Worldwide, Inc., Hermes Sweeteners Ltd., Imperial Sugar
Co., Herbevodia and Stevia Corp., and Naturex and Pure Circle Co.
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Market Segment:
Geographically, this
report is segmented into several key Regions, with production, consumption,
revenue (M USD), market share and growth rate of Natural Alternative Sweeteners
in these regions, from 2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria and South Africa)
Global Natural
Alternative Sweeteners market competition by top manufacturers, with
production, price, revenue (value) and market share for each manufacturer; the
top players including
•
Nestle S.A
•
Coca Cola Company
•
Pepsico Inc.
•
Cargill. Inc.
•
Pure Circle Ltd.
•
Stevia Corp
•
Glg Life Tech Corp
•
Pyure Brands
•
Imperial Sugar
•
Zydus Wellness
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
•
Xylitol
•
Stevia
•
Agave Nectar
•
Erythritol
•
Monk Fruit
•
Coconut Sugar
•
Other
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Natural Alternative Sweeteners for each application, including
•
Food & Beverage
•
Pharmaceutical
•
Personal Care
•
Others
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