The increasing consumption of sugar-free products and growing utilization of high-intensity sweeteners in the food processing industry is predicted to enable healthy growth of the market, says Fortune Business Insights in a report, titled “High-Intensity Sweeteners Market Size, Share & Industry Analysis, By Product Type (Saccharine, Stevia, Aspartame, Neotame, Sucralose, Acesulfame Potassium, Advantame), By Application (Bakery, Confectionery, Processed Fruit Products, Dairy Products, Ready-to-Drink (RTD) Beverages), By Distribution Channel (Mass Merchandisers, Convenience Stores, Specialty Stores) and Regional Forecast, 2019-2026” the increasing urbanization and growing health-conscious consumers around the world is likely to contribute positively to the high-intensity sweeteners market revenue.
List of the leading players operating in the Global High-Intensity Sweeteners Market includes;
o Tate & Lyle PLC
o AJINOMOTO CO. INC.
o HYET Sweet.
o Cargill Incorporated
o NutraSweet Co.
o Hermes Sweeteners Ltd.
o A & Z Food Additives Co. Ltd. and Archer Daniels Midland Company.
The high-intensity sweeteners market based on type is divided into the saccharine, stevia, aspartame, neotame, sucralose, acesulfame potassium, advantame. Saccharine is expected to hold a major share in the global market owing to its high sweeten feature. Saccharine is 200 to 700 times sweeter than table sugar, which makes it the best high-intensity sweetener for manufacturers to use in their food processing. According to the Food and Drug Administration (FDA), saccharine is a non-nutritive sweetener with no-calorie, and it is approved for use in food. Aspartame is another type of high-intensity sweeteners nutritive in nature and used in food as an additive. It does contain calories and is 200 times sweeter than table sugar.
Hence consumer preference towards this segment is less Bakery and confectionery products are emerging with high consumer demand across the globe. In addition, the increasing demand for bakery and confectionery products, along with the consumption of high-intensity sweeteners, is expected to boost the high-intensity sweeteners market revenue during the forecast period.
The report offers profound insights into all the prevailing trends of the high-intensity sweeteners market size. It shares an all-encompassing study of all the segments and provides authentically procured data. It is put together after extensive research followed by descriptive analysis to assist companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a perfect depiction of the market size. Moreover, it also covers parts such as product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.
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Key Segments Analysis:
By Product Type
o Acesulfame Potassium
o Processed Fruit Products
o Dairy Products
o Ready-to-Drink (RTD) Beverages
By Distribution Channel
o Mass Merchandisers
o Convenience Stores
o Specialty Stores
o Online Retail
Launch of Naturally-Derived Sweetener by Amyris, Inc. to Boost Market Growth
Amyris, Inc., a leader in the development and production of sustainable ingredients for the Health & Wellness, Clean Beauty and Flavors & Fragrances, announced the launch and commercialization of its new zero-calorie, sugarcane-derived sweetener in 2019 in partnership with various companies operating in the food and beverage industry. The launch of the new organic sweetener is predicted to spur new growth opportunities for the market owing to the sweetener’s yield with 95 percent purity and also being a natural high potency sweetener. Furthermore, the launch of next-generation Stevia Leaf sweeteners in Singapore by PureCircle Limited is predicted to enable speedy growth of the -intensity sweeteners market in the forthcoming years. For instance, in March 2019, PureCircle the world’s leader and innovator of stevia sweeteners, announced that it had received approval for expansion of its next-generation stevia leaf sweetener in Singapore.
Nonetheless, the high manufacturing cost of high-intensity sweeteners and affordability factors in various developing countries is predicted to dampen the high-intensity sweeteners market growth during the forecast period.
Increasing Demand for High-Intensity Sweeteners to Accelerate Growth in Asia Pacific
Asia-Pacific is one of the major consumers of high-intensity sweeteners around the globe. The rising consumer shift towards sugar-free products is predicted to fuel the demand for high-intensity sweeteners for the manufacturing of sugar-free foods and products in Asia Pacific. The rising disposable income and health awareness in various countries, such as India and China, is expected to boost the high-intensity sweeteners market trends in Asia Pacific. The growing population along with the increasing prevalence of obesity and diabetes, is expected to create lucrative growth opportunities for the market in the foreseeable future.
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