Alternative Sweeteners Market Research Report- Forecast till 2023

Alternative Sweeteners Market Research Report- Forecast till 2023

ID: MRFR/F-B & N/3423-CRR | February, 2018 | Region: Global | 110 pages | Cooked Research Reports

Global alternative sweeteners market research: by product type (artificial & natural sweeteners and others) application (sweet snacks, bakery & confectionery, dairy & frozen desserts, alcoholic & non-alcoholic beverages) and region – Forecast till 2023


Market Scenario:  


Alternative sweeteners are food additives which contain no/low calories and can be used in place of sugar due to their sweet taste. They are sweeter than table sugar and thus, a small amount is sufficient to achieve the same sweetness level as sugar. They also help in enhancing the flavor of foods. Alternative sweeteners can either be produced using natural sources or synthetically. Synthetically produced sweeteners are also called artificial sweeteners. Natural sweeteners include stevia, maple syrup, monk fruit, sucrose, and many others while artificial sweeteners consist of aspartame, saccharin, sucralose, neotame, acesulfame potassium, and many others.


One of the significant reasons for the rising growth of alternative sweeteners market is the mounting growth of various beverages. Beverages are gaining traction both in the developed and developing economies. Increasing population coupled with the rising per capita disposable income is anticipated to fuel the sales of beverages. Apart from that, factors such as rising women workforce and increasing demand of convenience products are anticipated to be the significant factors for increasing demand of beverages which is ultimately anticipated to fuel the overall growth of alternative sweeteners market. Alternative sweeteners are hugely used in the bakery & confectionery products, dairy products, and various frozen foods which will aid to upsurge the sales of alternative sweeteners during the forecast period of 2017-2023.


Regional Analysis:


The global alternative sweeteners market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, North America is estimated to account for the highest market proportion of 37.9% in the year of 2017 and the trend is expected to continue throughout the forecast period. However, Asia Pacific region is projected to expand at a high growth of 20.1% during the forecast period of 2017-2023.


Segments:


The global alternative sweeteners market is segmented into product type and application,


On the basis of the product type, it is segmented into artificial sweeteners, natural sweeteners, and others. Among all, artificial sweeteners segment is projected to account maximum market proportion and projected to grow at CAGR of 5.10% during the forecast period of 2017-2023.


On the basis of application, it is segmented into sweet snacks, bakery & confectionery, dairy & frozen desserts, alcoholic beverages, non-alcoholic beverages, and others. The non-alcoholic beverages segment is dominating the market. This segment is projected to grow at CAGR of 5.28% during the forecast period.


Key Players:



  • Some of the key players profiled in the global alternative sweeteners market: Archer Daniels Midland Company (U.S.), Ajinomoto Co. Inc. (Japan), DuPont Nutrition & Health (Denmark), Tate & Lyle Plc (U.K), Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), Roquette Freres S.A. (France), Macandrews & Forbes Incorporate (U.S.), Associated British PLC (U.K), JJD Enterprise (India), Heartland (U.S.), Niutang Changhai Food Additives Co, Ltd. (China), Sunwin Stevia International (China), Monk Fruit Corporation (U.S.) Avestia Pharma (India), Panchsheel Organics Limited (India), A.B. Enterprise (India), Akhil Healthcare Pvt. Ltd. (India), Herboveda (India), Anhui Elite Industrial Co.,Ltd (China), Hill Pharmaceutical Co. Ltd. (China), Shandong Shengwang Pharmaceutical Co. Ltd. (China), Azúcares Prieto (Spain), Hangzhou Focus Corporation (Shanghai), Denk Ingredients (Germany).


Target Audience:



  • Global alternative sweeteners manufacturers

  • Food & Beverages industry

  • Raw material suppliers

  • End users

  • Retailers and wholesalers

  • E-commerce companies

  • Traders, importers, and exporters


Key Findings:



  • The North America region is estimated to retain its dominance throughout the forecast period and will grow at a substantial CAGR of 4.67%. Furthermore, among the Asia Pacific countries, China is projected to witness a substantial growth of 7.65% during the forecast period of 2017-2023.

  • Global alternative sweeteners manufacturers find massive opportunity in India especially among the young population owing to increasing health and wellness trend in the country.


Regional and Country Analysis of Global Alternative sweeteners Market Development and Demand Forecast to 2023 Market


As per the MRFR analysis, the global alternative sweeteners market is expected to reach USD 1.58 billion by end of the year 2023 at a CAGR of 5% during the forecast period.


The reports also cover country-level analysis:



  • North America

  • U.S.

  • Canada

  • Mexico

  • Europe

  • U.K

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • Rest of Asia Pacific

  • Latin America

  • Middle East & Africa

  • Middle East

  • Africa

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TABLE OF CONTENTS

1.1 Definition 11

1.1.1 Alternative Sweeteners 11

1.2 Scope of the Study 11

1.2.1 Research Methodology 11

1.3 Assumptions 12

1.4 Limitations 12

1.5 Market Structure 12

1.5.1 Global Alternative Sweeteners Market, By Type 12

1.5.2 Global Alternative Sweeteners Market, By Application 12

1.5.3 Global Alternative Sweeteners Market, By Region 12

1.6 Research Methodology 13

1.7 Research Process 13

1.8 Primary Research 15

1.9 Secondary Research 16

1.10 Forecast Model 17

2.1 Executive Summary 18

2.2 Premium Insights 21

2.2.1 Global Alternative Sweeteners Market: Market Mapping & Research Methodology 21

2.2.2 Market Overview: Global Alternative Sweeteners Market 22

2.2.3 Industry Trends and Market Environment: Global Alternative Sweeteners Market 23

3.1 Introduction 25

3.2 Drivers 26

3.2.1 Increasing Prevalence of Obesity and Overweight 26

3.2.2 Increasing Prevalence of Diabetes 27

3.2.3 Role of alternate sweeteners in dental care 28

3.2.4 Availability of alternative sweeteners in variety of forms 29

3.3 Restraints 30

3.3.1 Adverse effect of alternative sweeteners 30

3.4 Opportunities 31

3.4.1 Wider range of applications 31

3.4.2 Growing Demand in Emerging Economies 32

3.5 Challenges 33

3.5.1 Highly Competitive Market 33

3.5.2 Issues faced by manufacturers such as bitter aftertaste, adverse weather conditions, and growing criticism 34

3.6 Market Factor Analysis 35

3.6.1 Introduction 35

3.6.2 Value Chain Analysis 35

3.7 Supply Chain Analysis 37

3.8 Porter's Five Forces 38

3.8.1 Threat of New Entrants 39

3.8.2 Threat of Substitutes 39

3.8.3 Bargaining Power of Buyers 40

3.8.4 Bargaining Power of Suppliers 40

3.8.5 Intensity of Rivalry 41

4.1 Introduction 42

4.2 Global Alternative Sweeteners Market Segmentation, By Type 42

4.2.1 Artificial Sweeteners 42

4.2.2 Natural Sweeteners 42

4.2.3 Others 43

5.1 Introduction 45

5.1.1 Sweet Snacks 45

5.1.2 Bakery & Confectionery 45

5.1.3 Dairy & Frozen Desserts 45

5.1.4 Alcoholic Beverages 45

5.1.5 Non-Alcoholic Beverages 45

5.1.6 Others 46

6.1 North America Alternative Sweeteners Market, By Type 49

6.2 North America Alternative Sweeteners Market, By Application 50

6.3 North America Alternative Sweeteners Market, By Country 51

6.3.1 The U.S. 51

6.3.2 Canada 53

6.3.3 Mexico 54

6.4 Europe Alternative Sweeteners Market, By Type 55

6.5 Europe Alternative Sweeteners Market, By Application 56

6.6 Europe Alternative Sweeteners Market, By Country 57

6.6.1 U.K 57

6.6.2 Germany 59

6.6.3 France 60

6.6.4 Italy 62

6.6.5 Spain 63

6.6.6 Rest of Europe 65

6.7 Asia Pacific Alternative Sweeteners Market, By Type 66

6.8 Asia Pacific Alternative Sweeteners Market, By Application 67

6.9 Asia Pacific Alternative Sweeteners Market, By Country 68

6.9.1 China 68

6.9.2 India 70

6.9.3 Japan 71

6.9.4 Australia & New Zealand 73

6.9.5 Rest of Asia Pacific 75

6.10 Rest of the World Alternative Sweeteners Market, By Type 77

6.11 Rest of the World Alternative Sweeteners Market, By Application 78

6.12 Rest of the World Alternative Sweeteners Market, By Region 79

6.12.1 Middle-East 79

6.12.2 Africa 80

6.12.3 Others 82

8.1 Archer Daniels Midland Company 88

8.1.1 Company Overview 88

8.1.2 Financials 88

8.1.3 Products 88

8.1.4 Strategy 88

8.1.5 Key Developments 88

8.2 Ajinomoto Co., Inc. 89

8.2.1 Company Overview 89

8.2.2 Financials 89

8.2.3 Products 89

8.2.4 Strategy 89

8.2.5 Key Developments 89

8.3 DuPont Nutrition & Health 90

8.3.1 Company Overview 90

8.3.2 Financials 90

8.3.3 Products 90

8.3.4 Strategy 90

8.3.5 Key Developments 90

8.4 Tate & Lyle Plc. 91

8.4.1 Company Overview 91

8.4.2 Financials 91

8.4.3 Products 91

8.4.4 Strategy 91

8.4.5 Key Developments 91

8.5 Cargill, Incorporated 92

8.5.1 Company Overview 92

8.5.2 Financials 92

8.5.3 Products 92

8.5.4 Strategy 92

8.5.5 Key Developments 92

8.6 Ingredion Incorporated 93

8.6.1 Company Overview 93

8.6.2 Financials 93

8.6.3 Products 93

8.6.4 Strategy 93

8.6.5 Key Developments 93

8.7 Roquette Freres S.A. 94

8.7.1 Company Overview 94

8.7.2 Financials 94

8.7.3 Products 94

8.7.4 Strategy 94

8.7.5 Key Developments 94

8.8 Macandrews & Forbes Incorporate 95

8.8.1 Company Overview 95

8.8.2 Financials 95

8.8.3 Products 95

8.8.4 Strategy 95

8.8.5 Key Developments 95

8.9 Associated British PLC 96

8.9.1 Company Overview 96

8.9.2 Financials 96

8.9.3 Products 96

8.9.4 Strategy 96

8.9.5 Key Developments 96

8.10 JJD Enterprises 97

8.10.1 Company Overview 97

8.10.2 Financials 97

8.10.3 Products 97

8.10.4 Strategy 97

8.10.5 Key Developments 97

8.11 Heartland 98

8.11.1 Company Overview 98

8.11.2 Financials 98

8.11.3 Products 98

8.11.4 Strategy 98

8.11.5 Key Developments 98

8.12 Niutang 99

8.12.1 Company Overview 99

8.12.2 Financials 99

8.12.3 Products 99

8.12.4 Strategy 99

8.12.5 Key Developments 99

8.13 Sunwin 100

8.13.1 Company Overview 100

8.13.2 Financials 100

8.13.3 Products 100

8.13.4 Strategy 100

8.13.5 Key Developments 100

8.14 Monk fruit 101

8.14.1 Company Overview 101

8.14.2 Financials 101

8.14.3 Products 101

8.14.4 Strategy 101

8.14.5 Key Developments 101

TABLE 1 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY REGION (2016-2023), (USD MILLION) 18

TABLE 2 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY TYPE (2016-2023), (USD MILLION) 19

TABLE 3 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2016-2023), (USD MILLION) 20

TABLE 4 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY TYPE (2016-2023), (USD MILLION) 44

TABLE 5 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, (2017-2023), (USD MILLION) 47

TABLE 6 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY REGION (2017-2023), USD MILLION 49

TABLE 7 NORTH AMERICA ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 49

TABLE 8 NORTH AMERICA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 50

TABLE 9 NORTH AMERICA ALTERNATIVE SWEETENERS MARKET (2017-2023), USD MILLION 51

TABLE 10 U.S. ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 51

TABLE 11 U.S. ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 52

TABLE 12 CANADA ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 53

TABLE 13 CANADA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 53

TABLE 14 MEXICO ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 54

TABLE 15 MEXICO ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 54

TABLE 16 EUROPE ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 55

TABLE 17 EUROPE ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 56

TABLE 18 EUROPE ALTERNATIVE SWEETENERS MARKET (2017-2023), USD MILLION 57

TABLE 19 U.K ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 57

TABLE 20 U.K. ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 58

TABLE 21 GERMANY ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 59

TABLE 22 GERMANY ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2016-2023), USD MILLION 59

TABLE 23 FRANCE ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 60

TABLE 24 FRANCE ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 61

TABLE 25 ITALY ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 62

TABLE 26 ITALY ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 62

TABLE 27 SPAIN ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 63

TABLE 28 SPAIN ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 64

TABLE 29 REST OF EUROPE ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 65

TABLE 30 REST OF EUROPE ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 65

TABLE 31 ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 66

TABLE 32 ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 67

TABLE 33 ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET (2017-2023), USD MILLION 68

TABLE 34 CHINA ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 68

TABLE 35 CHINA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 69

TABLE 36 INDIA ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 70

TABLE 37 INDIA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 70

TABLE 38 JAPAN ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 71

TABLE 39 JAPAN ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 72

TABLE 40 AUSTRALIA & NEW ZEALAND ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 73

TABLE 41 AUSTRALIA & NEW ZEALAND ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 74

TABLE 42 REST OF ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY TYPE (2016-2023), (USD MILLION) 75

TABLE 43 REST OF ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 76

TABLE 44 REST OF THE WORLD ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 77

TABLE 45 REST OF THE WORLD ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 78

TABLE 46 REST OF THE WORLD ALTERNATIVE SWEETENERS MARKET, BY REGION, (2017-2023), USD MILLION 79

TABLE 47 MIDDLE-EAST ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 79

TABLE 48 MIDDLE-EAST ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 80

TABLE 49 AFRICA ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 80

TABLE 50 AFRICA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 81

TABLE 51 OTHERS ALTERNATIVE SWEETENERS MARKET, BY TYPE (2017-2023), (USD MILLION) 82

TABLE 52 OTHERS ALTERNATIVE SWEETENERS MARKET, BY APPLICATION (2017-2023), USD MILLION 82

TABLE 53 COMPETITIVE LANDSCAPING: GLOBAL ALTERNATIVE SWEETENERS MARKET: BY STRATEGY (2012-2017) 86



FIGURE 1 RESEARCH PROCESS OF MRFR 14

FIGURE 2 PRIMARY RESEARCH PROCESS 15

FIGURE 3 SECONDARY RESEARCH PROCESS: TOP-DOWN & BOTTOM-UP APPROACH 16

FIGURE 4 FORECAST MODEL 17

FIGURE 5 GLOBAL ALTERNATIVE SWEETENERS MARKET SHARE (%), BY REGION (2016 & 2023) 18

FIGURE 6 GLOBAL ALTERNATIVE SWEETENERS MARKET SHARE (%), BY TYPE (2016 & 2023) 19

FIGURE 7 GLOBAL ALTERNATIVE SWEETENERS MARKET SHARE (%), BY APPLICATION (2016 & 2023) 20

FIGURE 8 MARKET SEGMENTATION: GLOBAL ALTERNATIVE SWEETENERS MARKET 22

FIGURE 9 PRODUCT LIFECYLE: GLOBAL ALTERNATIVE SWEETENERS MARKET 23

FIGURE 10 PRODUCT LIFECYCLE: GLOBAL ALTERNATIVE SWEETENERS MARKET, BY REGION 24

FIGURE 11 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF ALTERNATIVE SWEETENERS 25

FIGURE 12 PORTER'S 5 FORCES ANALYSIS OF GLOBAL ALTERNATIVE SWEETENERS MARKET 38

FIGURE 13 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY TYPE, USD MILLION 44

FIGURE 14 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, USD MILLION 47

FIGURE 15 GLOBAL ALTERNATIVE SWEETENERS MARKET, BY REGION 48

FIGURE 16 GLOBAL ALTERNATIVE SWEETENERS MARKET: MAJOR PLAYER MARKET DEVELOPMENT SHARE 2012-2017 84

FIGURE 17 GLOBAL ALTERNATIVE SWEETENERS MARKET: STRATEGY ANALYSIS 85

FIGURE 18 GLOBAL ALTERNATIVE SWEETENERS MARKET: MARKET DEVELOPMENT (2012-2017) 87