North America Food Sweetener Market - Growth, Trends and Forecast 2017 - 2022

  • ID: 4386770
  • Report
  • Region: North America, United States
  • 98 pages
  • Mordor Intelligence
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The USD 84 billion global food sweetener market of 2014 is estimated to increase at a CAGR of 4.5% to become a market of USD 111 billion by 2020.

North America Food Sweetener Market Dynamics

Sugar dictates more than 80% share in this market. The major constraint in the sugar market is the volatility in prices, leading to market fluctuations. Although, North America is the largest food sweetener market it has a very slow growth rate in this market.

North America Food Sweetener Market Segmentation

The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup (HFCS). The market for HIS is expected to reach nearly USD 2.2 billion in 2020 at a CAGR of 5.1%. This growth is due to increased awareness and usage of dietary foods. However, consumption growth for HIS as a class has slowed to near zero in North America. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in this category.

Although presently, HIS does not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people. Aspartame and sucralose are the most famous sweeteners in the HIS segment. Stevia is also seeing a major demand in the natural sweeteners category.

As North America is the largest market for confectionaries and baked goods the demand for sweeteners is quite high here. However, decreasing consumption of beverages in North America is causing a decline in the sweetener market.

The consumption of HIS in the United States and Canada is expected to grow at lower rates, as the diet beverage market, its largest application, has matured. Increased Mexican sugar exports to the United States under NAFTA have helped facilitate the shift away from HFCS use by the US food and beverage manufacturers.

Key Players in the North American Food Sweetener Market

The leading players in this segment are Cargill, Kerry Group, Stevia First Corporation, Hermes Sweeteners Ltd, and Tate and Lyle Plc. Companies are bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners.
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1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Expanding Processed Foods market
3.2.2 Demand for Natural Sweeteners
3.2.3 Increasing demand from Emerging countries
3.2.4 Demand for Frozen and Confectionary foods
3.3 Restraints
3.3.1 Consumers demand for Natural Additives
3.3.2 Demand for Clean label solutions
3.3.3 Complex US regulatory environment
3.4 Opportunities
3.4.1 Growing demand for Non caloric sweeteners
3.4.2 Innovations to meet the wellness demand
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation
4.1 By Type
4.1.1 Bulk Sweeteners
4.1.1.1 Sucrose
4.1.1.2 Fructose
4.1.1.3 Lactose
4.1.1.4 High Fructose Corn Syrup (HFCS)
4.1.1.5 Others
4.1.2 Sugar Substitutes
4.1.2.1 Sucralose
4.1.2.2 Xylitol
4.1.2.3 Stevia
4.1.2.4 Aspartame
4.1.2.5 Saccharine
4.1.2.6 Others
4.2 By Application
4.2.1 Dairy & Frozen products
4.2.2 Bakery
4.2.3 Beverages
4.2.4 Meat and seafood products
4.2.5 Confectionary
4.2.6 Others
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 Kerry Group
6.3 Corbion Purac
6.4 Stevia First Corporation
6.5 Hermes Sweetners Ltd
6.6 Tate & Lyle Plc
6.7 Archer Daniels Midland (ADM)
6.8 Celanese Corporation
6.9 Ingredion
6.10 Danisco
6.11 JK Sucralose Inc
6.12 Fraken Biochem
6.13 SANXINYUAN FOOD INDUSTRY CORPORATION LIMITED
6.14 A&Z FOOD ADDITIVES CO. LTD.
6.15 Australian Stevia Mills
7. Appendix
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