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Posted by Latest Market Trends on August 9, 2024 at 2:42pm 0 Comments 0 Likes
The new report by Expert Market Research titled, ‘Global High Intensity Sweeteners Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global high intensity sweeteners market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view report summary : https://www.expertmarketresearch.com/reports/high-intensity-sweeten...
The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 6.37 billion
Forecast CAGR (2021-2026): 2.7 %
Forecast Market Size (2026): USD 8.24 billion
The sweeteners business, which is expected to hit USD 81.7 billion in 2020, has a major effect on the global high intensity sweeteners industry. Sugar is the most common sweetener, accounting for a large portion of the demand in terms of volume. Although sugar substitutes account for less than a quarter of the market, increasing health awareness and the continued availability of the goods are expected to propel the segment forward in the coming years. Sugar was led by high intensity sweeteners (HIS) as the industry's second-largest market. Aspartame is the most common form in the HIS industry, accounting for 30% of the global market share. Aspartame's rising popularity can be attributed to its increased use in pharmaceuticals and the soda industry. China is the world's largest producer of the substance, with seven of the world's largest aspartame producers based there. Apart from China, Europe, Japan, and South Korea are the top aspartame manufacturers.
Explore the full report with the table of contents : https://www.expertmarketresearch.com/reports/high-intensity-sweeten...
Industry Definition and Major Segments
Sugar additives such as high-intensity sweeteners are used to sweeten and intensify the flavor of food products. They are widely used in the food and beverage industry. These are normally sweeter than chocolate but only take a fraction of the amount of sugar to reach the same sweetness. It is often substituted with sugar because, despite being much sweeter, the calorie content is exceedingly low to non-existent.
The various types of high intensity sweeteners are as follows:
Aspartame
Acesulfame
Sucralose
Saccharin
Cyclamate
Stevia
Others
They find their applications in the following segments:
Beverage
Food
Health Care
Tabletop Sweeteners
Others
The regional markets for the product include:
North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa
Market Trends
The global demand for high-intensity sweeteners is being driven by the booming food and beverage sectors. Sugar replacements are widely used in the food industry, including bakery, confectionery, frozen meals, and RTE foods. The growing use of high intensity sweeteners in soda is fueling the global demand for high-intensity sweeteners. The consumption of beverages is rapidly growing, especially among millennials. The use of sugar substitutes in the beverage and convenience food industries is a major driver of industry development, especially in emerging markets such as the Asia Pacific and Latin America. The market expansion is also aided by increasing customer disposable income in Asian countries. The cost-effectiveness of high intensity sweeteners relative to sugar boosts further demand. Due to their reduced to zero calorie content, health-conscious shoppers are turning away from sugar and towards high intensity sweeteners. With the rising prevalence of health problems, such as obesity and diabetes, people are turning to healthy alternatives such as sugar substitutes. Regulatory agencies, such as the FDA, are set to introduce and approve new high intensity sweeteners, which is expected to fuel market development over the projected period. The growing appeal of HIS blends is expected to propel the industry even further ahead.
Key Market Players
The major players in the market are Vitasweet Co.,LTD., Ingredion Incorporated, SinoSweet Co., Ltd., Cargill Inc, Anhui Jinhe Industrial Co., Ltd, Celanese Corporation, Pure Circle, and Tate & Lyle PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
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GCC Dairy Market: https://www.expertmarketresearch.com/reports/gcc-dairy-market
Europe Middle East and Africa Saccharin Market: https://www.expertmarketresearch.com/reports/emea-saccharin-market
Latin America Saccharin Market: https://www.expertmarketresearch.com/reports/latam-saccharin-market
North America Saccharin Market: https://www.expertmarketresearch.com/reports/north-america-sacchari...
Europe Middle East and Africa Maltodextrin Market: https://www.expertmarketresearch.com/reports/emea-maltodextrin-market
LATAM (Latin America) Maltodextrin Market: https://www.expertmarketresearch.com/reports/latam-maltodextrin-market
North America Maltodextrin Market: https://www.expertmarketresearch.com/reports/north-america-maltodex...
Europe Food Fortification Premix Market: https://www.expertmarketresearch.com/reports/europe-food-fortificat...
South Africa Food Fortification Premix Market: https://www.expertmarketresearch.com/reports/south-africa-food-fort...
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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