Due to the large number of health benefits associated to low calorie sweeteners consumption, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Low Calorie Sweeteners Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR while achieving million dollar growth readily in the forecast period.
The growing concern among consumers regarding weight gain, obesity, and diabetes accelerated the demand for low-calorie sweeteners. They are considered to be safe substitute for sugar and help in weight loss and management. According to World Health Organization, more than 1.9 billion adults, 18 years and above, were overweight of which 650 million were obese in the year 2016. Also, diabetes is one of the most common chronic disease and its global prevalence rose significantly over the years. Approximately, 422 million population were living with diabetes in 2014. Additionally, low-calorie sweeteners plays a greater role in significantly preventing tooth decay, it has been preferred by many food and beverage industry specifically chewing gum industry.
Furthermore, the product is available in variety of forms such as sticks, spoonful, tablets, liquid, and packets to cater to the different needs of consumer. The low calorie sweeteners have wider application areas due to which it became relatively easier for the product to find its niche in the market place. They are widely used in food and beverage products, pharmaceutical industry, bakery and confectionary, personal and oral care, nutritional supplements market, and can also be used for industrial application, thereby propelling the demand for the product.
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Major Key Players:
The low-calorie sweeteners market is competitive with major market players operating at the global level. The key industry players in the low-calorie sweeteners market have adopted the strategies such as geographic expansion, new product launch, acquisitions, agreement, R&D to strengthen their business portfolio. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
The key players profiled in Low Calorie Sweeteners are as Archer Daniels Midland (the U.S.), Tate & Lyle (U.K.), E. I. du Pont de Nemours and Company (the U.S.), Cargill Inc.(the U.S.), Ingredion Inc. (the U.S.), Celanese Corporation (the U.S.), NutraSweet (the U.S.)
Latest Industry Updates:
Jul 2017 Archer Daniels Midland Company (ADM) acquired Chamtor, a producer of wheat based sweeteners and starches. This acquisition is in line with the company’s strategy to expand its business in Western European market.
Mar 2017 Archer Daniels Midland Company (ADM) launched two new sweetener brands, SweetRight stevia and VerySweet monk fruit. Through this product launch, the company aims to strengthen its product portfolio.
Mar 2017 Tate & Lyle announced an agreement with Sweet Green Fields, which offers natural and healthy sweetener solutions.
Feb 2015 Tate & Lyle introduced Dolcia Prima allulose, a sugar ingredient that may be used in low-calorie applications for products as beverages, yogurt, ice cream and baked foods.
The global Low Calorie Sweeteners market has been divided into type, application, distribution channel, and region.
On The Basis Of Type: Artificial, Natural
On The Basis Of Application: Food & Beverage, Pharmaceuticals, Personal Care Products, and Others
On The Basis Of Distribution Channel: Store based, Non-store based
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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The global low calorie sweeteners market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America is estimated to retain its dominance throughout the forecast period 2017-2023. The increasing consumer awareness and the demand for convenience food are considered to be some of the significant reasons for the growing use of natural Low calorie sweeteners based products in the North American market. However, Asia Pacific region is estimated to witness a maximum growth in the global low calorie sweeteners market during the forecast period 2017-2023. The major importers of low calorie sweeteners includes Mexico, Germany, Philippines, the U.K. and France.
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