About Intensive Sweeteners
Intensive Sweeteners are seen as an alternative to traditional sucrose based sugar as it is considered way too much sweeter than sucrose and thus only smaller quantities are required to be added compared to sucrose based sugar. This are also categorised under the category of food additives. Intensive Sugars can be both artificial and natural or plant based. Growth of processed food and beverages industry has led to growing demand for intensive sugars. Stevia is one of the most popular intensive sugar. Geographically, North America and Asia Pacific are expected to be the biggest markets because of large population in the regions and rising disposable income.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Batory Foods, Inc. (United States), Hermes Sweeteners Ltd. (Switzerland), Cargill (United States), Archer-Daniels-Midland Company (United States), Ajinomoto Co., Inc. (Japan), Zydus Wellness Ltd. (India), PureCircle Ltd. (Malaysia), Morita Kagaku Kogyo Co., Ltd. (Japan), Nutrasweet Property Holdings Inc. (United States), Galam (Israel), JK Sucralose Inc. (China) and Foodchem Inc. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intensive Sweeteners market by Type (Acesulfame K, Aspartame, Steviol Glycosides, Sucralose and Others), Application (Beverages, Table Top Sweeteners, Bakery and Confectionary Food, Ice-Cream and Frozen Desserts, Canned Preserves and Pickled Vegetables, Toothpaste and Mouthwash and Other) and Region.
On the basis of geography, the market of Intensive Sweeteners has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Artificial will boost the Intensive Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Intensive Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Artificial Intensive Sweeteners Account for Largest Market Share although this is changing as People Demand More Organic Alternatives
Market Growth Drivers:
Growing Demand from Processed Food and Beverages Industry, Changing Dietary Patterns and Increasing Disposable Income
Challenges:
Presence of Adulterated and Counterfeit Products in Market
Restraints:
Health Problems Associated with Chemical Intensive Sweeteners
Opportunities:
Developing Countries in Africa Present Huge Opportunity to Grow
Market Leaders and their expansionary development strategies
In 2020, Ingredion Inc., a multinational American ingredients manufacturer and supplier has announced signing of an agreement to acquire 75% stake in PureCircle Ltd., which is leading stevia sweeteners producer which is a type of intensive sweeteners used in beverages. Ingredion looks to build on PureCircle’s growth with enhanced focus on plant based Stevia.
In 2021, Batory Foods Inc., a US based distributer of high quality ingredients has announced launching of its new line of high-intensity sweetener blends known as Batory Sweet Essentials. This Battery sweet essentials comprise of 5 formulations, named as B-Tru, B-Intense, B-Fiber, B-Clear (e) and B-Clear (a). The launch of this product at solving the food and beverages demand for alternate solutions of reducing the use of sucrose.
Key Target Audience
Intensive Sweeteners Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.