Aug 04, 2020 (The Expresswire) -- Global “ Specialty Sweeteners Market ” Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Specialty Sweeteners in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India.Specialty Sweeteners Market report categorizes the market based on manufacturers, regions, type, and application. Specialty Sweeteners Market reports offer a detailed assessment of the Specialty Sweeteners including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Specialty Sweeteners market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global specialty sweetener market is valued at USD 2 billion in 2016 and is expected to reach USD 2.98 billion by 2023, registering a CAGR of 5.3% during 2018-2023. The demand for sugar-free products and low-sugar diets is fueling the growth of the market. Conventional sweetening agents like sugar and high-fructose corn syrup (HFCS) are high in calories. Hence, food processing companies are manufacturing low-calorie and sugar-free alternatives as part of their product lines. Even in their homes, people are increasingly substituting sugar with low-calorie, intense sweeteners.
Weight-related problems and diabetes are the primary drivers for the global non-sugar sweetener market. Consumers choose various sugar substitutes, thus fueling the global specialty sweetener market. Consumers have become more health conscious and pay attention to food labels to check the calorie content of the product. Therefore, food processing companies are adding low-calorie and sugar-free alternatives to their product lines.
The specialty sweetener market is segmented by type into natural and artificial sweeteners. The natural sweeteners segment is gaining more popularity than the artificial sweeteners segment, as it has no side effects, however, decreased availability and development of more health-conscious artificial sweeteners have shifted preferences of consumers towards artificial sweeteners.
The global specialty sweetener market is classified, based on application, into the food and beverage sector. Aspartame is used widely in the food and beverage industry as a special sweetener in products including bakery products, cereals, syrups, fruit-based products, and ready-to-drink beverages, thus providing a great opportunity for the market for specialty sweeteners. Moreover, the development of low-sugar foods for diabetic and diet conscious clients, coupled with growing diet liquids demand, is projected to increase demand during 2018-2023. Products with special sweeteners have low energy content, are used to control weight, and are prescribed by doctors for diabetics as they do not affect blood sugar level.
Market Segmentation - By Region
With a market share of over 35%, North America dominated the sweetener market in 2017. The growth in demand for specialty sweeteners in industrial and non-industrial applications and changing consumer preferences have accelerated market growth in the region. North America is also a leading producer and consumer in the sweetener market, due to the growing demand for convenience food, functional food, and alternative sugar sources.
• February 2018 - GLG Life Tech Corp launched its Reb M sweetener product line in collaboration with Archer Daniels Midland Co. The sweeteners are made from GLG Life Tech's proprietary high Reb M Dream Sweetener stevia leaf.
• February 2018 - PepsiCo is adding aspartame back to its flagship Diet Pepsi product.
The major players include - NESTLE SA, COCA COLA COMPANY, PEPSICO INC., CARGILL. INC., PURE CIRCLE LTD, STEVIA CORP, GLG LIFE TECH CORP, CUMBERLAND PACKING, IMPERIAL SUGAR, ZYDUS WELLNESS, INGREDION, TATE and LYLE, THE NUTRA SWEET COMPANY, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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The global Specialty Sweeteners market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Specialty Sweeteners Market Report covers the Top Key-players in 2020:-
Coca Cola Company
Pure Circle Ltd
GLG Life Tech Corp
Tate and Lyle
The Nutra Sweet Company
Highlighted points of Specialty Sweeteners Market Size:
Covers the varying market dynamics of the industry.
In-depth analysis of market risks, opportunities, limitations, and growth of the market.
Includes market driving and restraining factors.
Participants profiles along with product description, overview, and business data.
Include details of five years of forecast analysis by types, regions, and applications.
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This Specialty Sweeteners Market Research/analysis Report Contains Answers to your following Questions
Which Manufacturing Technology is Used for Specialty Sweeteners? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Specialty Sweeteners Market? What’s Their Company Profile, Their Product Information, Contact Information?
What Was Global Market Status of Specialty Sweeteners Market? What Was Capacity, Production Value, Cost and PROFIT of Specialty Sweeteners Market?
What Is Current Market Status of Specialty Sweeteners Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Specialty Sweeteners Market by Taking Applications and Types in Consideration?