An Incisive, In-depth Analysis on the Sweetener Market
This study offers a comprehensive, 360 degree analysis on the Sweetener market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sweetener market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Consumer reluctance in adopting sugar-alternative products and regulatory concerns are restraining the growth of the global sweetener market
A major factor hampering revenue growth of the global sweetener market is the stringent regulatory norms regarding the use of artificial sweeteners as a food ingredient. This is due to side effects such as allergic reactions, improper functioning of the digestive system and other health-related issues. Although cultivation and consumption of novel sweeteners such as stevia are increasing at a rapid pace, various end-use industries such as confectionery, bakery and others are witnessing a slow adoption of sweeteners as a food ingredient. This is due to limited regulatory approvals by various legislator bodies keeping in mind the health concerns of consumers across the globe.
After-taste of sucrose alternative sweetener products and the high prices of low-calorie sweeteners is restricting acceptance of these products among consumers and thus restricting market growth to a certain extent. Lack of consumer awareness and acceptance of natural ingredients as an alternative to sugar in products such as confectionery, snacks, dairy products and others has resulted in low consumption of sugar-alternative sweeteners that include other natural sweeteners, artificial sweeteners, novel sweeteners and sugar alcohols.
Investments by key players in low-calorie sweeteners, cost optimisation and process standardisation are the new trends in the global sweetener market
The novel sweetener and artificial sweetener market have few buyers and sellers in the global market, and hence companies are focussing on cost optimisation in order to increase productivity and market share. Moreover, manufacturing non-sugar and low-calorie sweeteners involves a standard extraction process. Companies in the global sweetener market have patent extraction processes for the same. This is further supported by stringent government regulations due to health issues.
Increasing investments by companies coupled with geographical expansion by market players has led to high competitiveness in the global sweetener market. In addition to this, increased brand awareness of products dealing with specific issues such as obesity curtailment, nutritive advantages and health benefits is expected to drive demand for artificial sweeteners and novel sweeteners specifically stevia extracts in the near future.
Food and beverages segment anticipated to account for a relatively high value share in the global sweetener market over the forecast period
The food and beverages segment is expected to account for around 70% share in terms of value throughout the forecast period. This segment is anticipated to register a significant CAGR of 3.2% in terms of value. The sweet spreads sub-segment of the food and beverages segment is expected to witness an increase in revenue share by 2027 end owing to increasing popularity of sweet spreads among consumers. This sub-segment is estimated to account for about 14% revenue share of the global sweetener market by 2017 end. The sweet spreads segment is the fastest growing sub-segment and is expected to be valued at close to US$ 12 Bn in 2017 and will reach a market valuation of about US$ 14 Bn by 2027 end. This is attributed to increasing demand for sweet spreads and its increasing popularity among consumers.
Owing to increasing exports and manufacturing of food and beverage products, the related segment is expected to expand at a high CAGR in North America
By the end of 2027, the food and beverages segment in the North America sweetener market is projected to reach more than US$ 18 Bn, expanding at a CAGR of 3.0% over the forecast period and revenue is expected to increase 1.3x by 2027 end as compared to 2017. The food and beverages segment is estimated to account for a little more than 70% value share in the North America sweetener market by 2017 end and is expected to show little growth in the value share by 2027 over 2017.
Sweetener is a chemical substance, which is calorie-free or consists of low-calorie. It is used in the food & beverage items as a substitute of sugar. In a report titled with “Sweetener Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” by Future Market Insights (FMI), the global demand for sweeteners have been analysed thoroughly with an in-depth research methodology over a 10-year forecast period (2017-2027).
All the subject matter experts from the food & beverage sector, trade analysts and research analysts have put their effort together to create a comprehensive report through accumulation, evaluation and validation of the detailed research content. Besides, the quantitative content and qualitative information have been provided in the report along with the market dynamics & latest trends.
Market Overview & Report Highlights
The report reveals that the global sweetener market is expected to expand rapidly in the near future due to the drivers and latest trends. Based on the different end-users, the novel sweeteners segment is growing at a high pace in the global market for sweeteners. However, some limited regulations have been introduced to the applications of artificial sweeteners, owing to the allergic reactions, malfunctioning in digestive system & other health issues for artificial sweeteners. On the basis of these factors, the growth of the global sweetener market is likely to witness a downfall in the forecast period. More detailed information is given in the report from the different segments.
Sweetener Market: Segmentation
Analyst team of Future Market Insights (FMI) has provided a taxonomy in this report for providing a clear understanding on the several opportunities in the global market for sweetener. The market has four major segments based on different product type, application type & regions along with their sub-segments. Different types of sweeteners, such as novel sweeteners, natural sweeteners, sugar alcohol, sucrose and artificial sweeteners, are available in the market. Sweeteners are applied in various industries, such as food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others), direct sales, pharmaceuticals and others. Based on different regions, the global sweetener market is widely segmented into Eastern Europe, Japan, Middle-East & Africa (MEA), Latin America, Asia-Pacific excluding Japan (APEJ), Western Europe and North America. The report also provides additional information on cross-segmental analysis and country-wise market forecast across different parameters.
To make a detailed report on the global sweetener market, the analyst team of FMI has followed a systemic approach. Correct data accumulation from different sources, then investigation and validation of the gathered content are the different steps through which the analyst team prepares a report. Depending upon these steps of research, the prepared report becomes a proper, accurate and well-structured manuscript with correct information. In addition, there is a particular structure in the report and based on which the report has been made. In the beginning, there is a definition of the product along with explanation, which follows with regional analysis, market dynamics, market share, CAGR, key players & others related information, which are categorized as the primary research content. Besides, more information about the latest trends, drivers, restraints, various manufacturers, suppliers, end-users, the current situation of the industry & demands are also added in the report. These contents fall into the secondary research data category. And lastly, but not the least, is the application of triangular method in the report, which focuses on the validation of research content.
Due to the thorough analysis of the segments and their sub-segments of the global sweetener market, the clients can get a crystal clear scenario of the market. On the basis of these information, the clients (sweetener producers) can easily understand the present condition of the market and also can assume the future consequences of sweetener market.
Sweetener Market Reports - Table of Contents
15. Forecast Factors: Relevance and Impact
16. Forecast Assumptions
17. Competition Landscape