India Food Sweetener Market - Growth, Trends and Forecast 2017 - 2022

  • ID: 4386831
  • Report
  • Region: India
  • 75 pages
  • Mordor Intelligence
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In 2014 the global market for food sweeteners was valued at USD 84 billion. It is estimated to increase at a CAGR of 4.5% to reach nearly USD 111 billion by 2020.

India 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. India is currently the world largest consumer of sugar with domestic consumption increasing by more than 4% annually.

India Food Sweetener Market Segmentation

The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup. 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. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in this category. On an average 5% of Indian population is obese but when seen in urban settings the numbers are incredibly high. 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.

Major manufacturing centers such as China and India are seeing an increase in production capacity to meet the end-user demands for usage in baked products, confectionaries and frozen desserts. In India, while consumption of artificial sweeteners is only 2% in the middle-income group, it is 70% in the high-income group.

Key Players in the Indian Food Sweetener Market

India is determined to be a huge market as stevia, as a natural herbal extract, fits the cultural bill in the country, which already uses a lot of sugar in the food and beverages sector.

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
4. Introduction
4.1 Drivers
4.1.1 Undeveloped cold storage chains in the value chain
4.1.2 Expanding Processed Foods market
4.1.3 Penetration of Organized Retail sector
4.2 Restraints
4.2.1 Consumers demand for Natural Additives
4.2.2 Demand for Clean label solutions
4.2.3 Compliance with GMP and GRAS regulations
4.3 Opportunities
4.3.1 Growing demand for Natural Sweeteners
4.3.2 Innovations to meet the wellness demand
4.3.3 Wider Acceptance of GSFA for improved International Trade
4.4 Porter Five Forces Analysis
4.4.1 Bargaining power of Suppliers
4.4.2 Bargaining power of Buyers
4.4.3 Degree of Competition
4.4.4 Threat of Substitution
4.4.5 Threat of new entrants
5. Market Segmentation by Type
5.1 By type
5.1.1 Sugar
5.1.2 High Intensity Sweeteners
5.1.3 High Fructose Corn Syrup (HFCS)
5.1.4 Other
5.2 By Application
5.2.1 Dairy & Frozen products
5.2.2 Bakery
5.2.3 Beverages
5.2.4 Confectionary
5.2.5 Others
6. Competitive Landscape Overview
6.1 Market Share Analysis
6.2 Strategies by leading players
6.3 New Product Developments &Other Innovations
7. Company Profiles
7.1 Cargill Inc
7.2 Kerry Group
7.3 Corbion Purac
7.4 Stevia First Corporation
7.5 Hermes Sweetners Ltd
7.6 Tate & Lyle Plc
7.7 Archer Daniels Midland (ADM)
7.8 Celanese Corporation
7.9 Corn Products International
7.10 Danisco
7.11 JK Sucralose Inc
7.12 Fraken Biochem
7.13 SANXINYUAN FOOD INDUSTRY CORPORATION LIMITED
7.14 A&Z FOOD ADDITIVES CO. LTD.
7.15 DSM
7.16 Associated British Foods
7.17 Parry Enterprises
7.18 Procarvit
7.19 Australian Stevia Mills
8. Appendix
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