6th
June 2019 – The
Natural Alternative Sweeteners Market report discusses the primary market
growth drivers and challenges that the vendors and the market as a whole face
and provides an overview of the key trends emerging in the market. It also says
about the industry size of different segments and their growth aspects along
with key leading countries in North and South America, Asia-Pacific, Europe,
the Middle East, and Africa regions.
The global natural alternative sweeteners market is expected to display
higher growth rate in the upcoming years. Rapid surge in the market is credited
to the rising demand for low-calorie & organic sweeteners and increasing
number of diabetic patients worldwide. Growing prevalence of chronic diseases
is the key industry trend fostering the growth of stevia sugar market in the
past few years. Globally, market is predicted to generate massive revenue over
the forecast period, providing numerous opportunities for industry participants
to invest in research and development of natural alternative sweeteners.
Rising health consciousness among younger population across the globe is
expected to fuel the growth of natural alternative sweeteners market over the
forecast period. Additionally, growing prevalence of lifestyle related diseases
such as diabetes; particularly in geriatric population in both developed and
developing economies is predicted to boost market growth in the upcoming years.
Increasing preference towards low calorie food and confectionery items from
developed economies is further solidifying market position in the recent years
as well.
Varying food preferences and changing life style are considered as one of
the prominent factors responsible for market expansion in the last couple of
years. Growing demand for sugar-free chewing gum and confectionery items are
also propelling market growth, in the recent years. Moreover, growing oral care
and cosmetics sector in the Asia-Pacific region is anticipated to foster demand
for natural alternative sweeteners over the next seven years. Increasing use of
stevia sugar for production of confectionery, biscuits, chocolates, and other
baking products is expected to drive the growth of natural alternative
sweeteners in the upcoming years.
The natural alternative sweetener market is broadly categorized into
major segments based on the product type such as stevia sugar, coconut sugar,
raw honey, blackstrap molasses, monk fruit, maple syrup and xylitol. Stevia
sugar segment is growing rapidly in the market with substantial revenue
generation in the last few years. Growing popularity of stevia sugar segment is
attributed to the increasing product penetration and easy availability.
The natural alternative sweetener market is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of latest
technologies in food & beverages industry, surge in number of research
& development activities and existence of well-established manufacturing
infrastructure in the region. In European region, Germany, France, and United
Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the natural
alternative sweeteners industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth, rising number of diabetic patients,
changing food habits, rising disposable income, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the natural alternative sweeteners market are Cargill
Inc., GLG Life Tech Corp., Zydus Wellness Ltd., Archer Daniels Midland Co.,
Merisant Worldwide, Inc., Hermes Sweeteners Ltd., Imperial Sugar Co.,
Herbevodia and Stevia Corp., and Naturex and Pure Circle Co.
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