ALBANY, New York, April 11, 2017 /PRNewswire/ --
According to a new market report published by Transparency Market Research, "Global Low Intensity Sweeteners Market (By Product Type - Tagatose, Xylitol, Trehalose, Isomaltulose, Allulose and Others, By Application- Beverage, Confectionery, Pharmaceutical, Dairy Products and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025" was valued in terms of revenue at USD 1,250.0 Mn in 2016 and is expected to reach USD 2,068.5 Mn by the end of the forecast period 2025, growing at a CAGR of 5.8% from 2017 to 2025.
Low intensity sweeteners are frequently used as substitutes of sugar. Low intensity sweeteners provide and expand the choice of consumption of food and beverages thus ensuring control of calorie intake. The rising number of diabetic population coupled with obesity across the globe is resulting in rise in demand for low intensity sweeteners. By type the market has been segmented into Tagatose, Xylitol, Trehalose, Isomaltulose, Allulose and others which includes sorbitol, Erythritol. The market has been further segmented by application which includes beverage, confectionery products, pharmaceutical, table top sweeteners, dairy products and other which includes ice cream and cereal products. The market for global low intensity sweeteners is mainly driven by rising demand for low calorie healthier foods coupled with rising number of diabetic population across the globe. However stringent government rules on several ingredients are restraining the global low intensity sweeteners. Additionally, growth potential from emerging markets is generating opportunities to the global low intensity sweeteners market.
Consciousness towards proper health and inclination towards consumption of low calorie foods has resulted to the rise in demand for low intensity sweeteners over the years. Recent trends show consumption of food has undergone a radical transformation. Foods which are consumed are not intended to satisfy hunger but also to ensure that the food consists of essential nutrients for consumers and also to prevent health related problems and thus improve physical and mental wellbeing of the consumers. The role of low intensity sweeteners in weight control have shown significant rise and thus has resulted towards inclination of low calorie food and beverage products over the years. In addition, rise in the number of diabetic population globally is another key driver that is boosting overall market growth.
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By product type, the global low intensity sweeteners market is segregated into tagatose, xylitol, trehalose, isomaltulose, allulose and others. Xylitol held the most dominant market share among the product types owing to its natural origin and beneficial medicinal effects such as prevention of tooth decay, curbing hypertension and hypercholesterolemia, curing ear infection and fighting osteoporosis. This segment is also forecast to witness a steady growth rate during the forecast period. Allulose is forecast to witness the most rapid growth rate during the forecast period. This is attributed to allulose being 90% fewer in calories than regular sugar and 70% the sweetness of sugar. In addition, its natural source makes it a product of high demand. Allulose find large applications in confectionery and dairy products.
By application, the global market for low intensity sweeteners is segregated into beverage, confectionery, pharmaceutical, dairy products and others. Beverage held the most dominant market share in 2016 and is anticipated to witness a steady growth rate over the forecast period. This is attributed to increased demand for low calorie beverages in which artificial low calorie sweeteners is a principal ingredient. Dairy product is anticipated to witness the most rapid growth rate over the forecast period. This is attributed to higher demand of low calorie ready to drink dairy products. With increased population of calorie conscious consumers, demand for low intensity sweeteners is increasing considerably during the forecast period.
Some of the major players of the global Low Intensity Sweeteners market include Cargill Inc., Roquette Freres Company, Ingredion Incorporated, Matsutani Chemical Industry Co., Ltd., E.I. Du Pont de Nemours and Company, ZuChem Inc., Nova Green Inc., Foodchem International Corporation, Ecogreen Oleochemicals and Gulshan Polyols Limited among others.
The report provides an exhaustive study of the Low Intensity Sweeteners market along with offering the market estimates, in terms of revenue (USD billion) for the forecast period from 2017-2025. Further, the global market is classified on the basis of type, function and end use.
Global Low Intensity Sweeteners Market, by Product Type
Global Low Intensity Sweeteners Market, by Application
- Dairy Products
Global Low Intensity Sweeteners Market, by Geography:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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