The global high intensity sweeteners (HIS) market was valued at $1,807million in 2016, and is anticipated to reach at $2,134 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content and higher. Moreover, HIS are ideal alternatives to sugar and other caloric sweeteners such as high-fructose syrup.
The demand for high-intensity sweeteners is not only due to its desired sweetness and price but also for its taste, nutrition, bulkiness, preservative qualities, heat resistance and blending abilities. In addition, rise in health concerns and increase in the number of people suffering from diabetes and obesity boost the market growth. Furthermore, rise in demand for low-calorie sweetener and growth in the number of obese population majorly in the developing economies propel the market growth.
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 beverages, 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 key players have largely invested in R&D activities to develop advanced products to cater to the demand of end users.
The major players in the high intensity sweeteners market include
Tate and Lyle, Plc.
Cumberland Packing Corporation
Hermes Sweeteners Ltd.
Heartland Food Products Group
Stevia First Corporation
KEY BENEFITS FOR STAKEHOLDERS
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.
Porter’s 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.
KEY MARKET SEGMENTS
Acesulfame Potassium (Ace-K)
Luo Han Guo Fruit Extracts (Monk Fruit)
Bakery & Confectionery
Table Top Sweeteners
Others (Desserts & Nutritional Products)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain (profiles not included in the report) are
The NaturaSweet Company
A & Z Food Additives Co., Ltd.
Archer Daniels Midland Company
Associated British Foods.
CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
188.8.131.52. Health Concerns associated with weight related problems
184.108.40.206. Rising demand for sweetener with low calories
220.127.116.11. Ambiguity about health-related issues due to consumption of high-intensity sweeteners
18.104.22.168. Growing challenges for food producers to develop sweeteners to exactly meet consumers expectations
22.214.171.124. Increasing demand of high intensity sweetener as a sugar substitute
3.5. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. GLOBAL HIGH INTENSITY SWEETENERS MARKET, BY TYPE
4.1.1. Market Size and Forecast
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. ACESULFAME POTASSIUM (ACE-K)
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast
4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast
4.8. STEVIOL GLYCOSIDES
4.8.1. Key Market Trends, Growth Factors and Opportunities
4.8.2. Market Size and Forecast
4.9. LUO HAN GUO FRUIT EXTRACTS (MONK FRUIT)
4.9.1. Key Market Trends, Growth Factors and Opportunities
4.9.2. Market Size and Forecast
CHAPTER 5. GLOBAL HIGH INTENSITY SWEETENERS MARKET, BY APPLICATION
5.1.1. Market Size and Forecast
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. BAKERY AND CONFECTIONERY
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4. DIETARY PRODUCTS
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.5. DAIRY PRODUCTS
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast
5.7. TABLE TOP SWEETENERS
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast
5.8. OTHERS (DESSERTS AND NUTRITIONAL PRODUCTS)
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast
CHAPTER 6. GLOBAL HIGH INTENSITY SWEETENERS MARKET, BY GEOGRAPHY
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
126.96.36.199. Market size and forecast, by application
188.8.131.52. Market size and forecast, by application
184.108.40.206. Market size and forecast, by application
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
126.96.36.199. Market size and forecast, by application
188.8.131.52. Market size and forecast, by application
6.3.8. Rest of Europe
184.108.40.206. Market size and forecast, by application
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
126.96.36.199. Market size and forecast, by application
188.8.131.52. Market size and forecast, by application
6.4.8. Rest of Asia-Pacific
184.108.40.206. Market size and forecast, by application
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
6.5.5. South Africa
22.214.171.124. Market size and forecast, by application
6.5.6. Rest of LAMEA
126.96.36.199. Market size and forecast, by application
CHAPTER 7. COMPANY PROFILES
7.1. HYET SWEET
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. TATE AND LYLE, PLC
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3. CELANESE CORPORATION
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4. CUMBERLAND PACKING CORPORATION
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. AJINOMOTO CO., INC
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. HERMES SWEETENERS LTD
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. JK SUCRALOSE
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. HEARTLAND FOOD PRODUCTS GROUP
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. STEVIA FIRST CORPORATION
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
High-intensity sweeteners are widely used as an alternative to sugar to enhance and sweeten various food & beverages. Moreover, these compounds are several times sweeter than regular sugar; and hence, are required in lower concentration for sweetening the products. These are used as replacements to sucrose (sugar) due to their overall sweeter taste and low-calorie content.
The global high-intensity sweeteners market has witnessed significant growth, owing to ongoing developments and new applications in the food industry including dairy products & baked goods. In addition, concerns about health and nutrition among the population are the key drivers of the market. Moreover, stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract. Furthermore, surge in the number of health-conscious consumers especially in the developing economies and increasing incidence of diabetes and obesity have led to change in dietary habits of consumers. Thus, high-intensity sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe regions is expected to hamper the market growth.
The beverage segment accounted for one-third of the global market share, in terms of volume, in 2016. Furthermore, the demand for beverage industry is dependent on the consumption of high-intensity sweeteners through diet carbonated soft drinks and low-calorie food. Moreover, recent government initiatives in countries like UK, which has imposed sugar tax on sugar-based soft drinks are some of the key driving factors of the market. Furthermore, the use of cyclamate sweetener has increased in diet beverages and food, especially in the developing regions, such as Asia-Pacific and Africa, owing to increasing health awareness among the population.
Key Findings of the High-intensity Sweeteners Market:
In terms of value, the acesulfame potassium segment is anticipated to exhibit the growth rate of 2.2% during the forecast period.
Asia-Pacific is projected to dominate the global market by 2023, registering a CAGR of 3.0%, in terms of value.
The dietary products segment occupied nearly one-ninth of the global market in 2016.
India occupied around two-fifths of the Asia-Pacific high-intensity sweeteners market in 2016.
In terms of value, Brazil is expected to grow at a CAGR of 2.1% from 2017 to 2023.
In 2016, Asia-Pacific accounted for more than half of the global market, and is expected to continue this trend in the near future, owing to rapid growth of the food & beverage industry and growing health concerns among the population of China, India, Japan, and other developing countries.
The major companies profiled in the report include 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.
- Hyet Sweet
- Tate and Lyle Plc.
- Celanese Corporation
- Cumberland Packing Corporation
- Ajinomoto Co. Inc.
- Hermes Sweeteners Ltd.
- JK Sucralose Inc.
- Heartland Food Products Group
- and Stevia First Corporation
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
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