High Intensity Sweeteners Market Scope
High-intensity sweeteners refer to sugar substitutes, which are used to sweeten as well as enhance the taste of food product. they're wide used in the food and beverage industry. These are typically sweeter than sugar but are needed in a much smaller proportion than sugar to attain a similar level of sweetness. it's abundantly used in the place of sugar because despite being much sweeter than sugar, its calorie content is very low or negligible.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | PureCircle (United States), Tate & Lyle Plc (United Kingdom), HYET Sweet (Netherlands), Cargill, Incorporated (United States), NutraSweet (United States), Hermesetas (Switzerland), DuPont (United States), Truvia (United States), Whole Earth Sweetener (United States), SweetLeaf (United States) and Madhava Sweeteners (United States) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global High Intensity Sweeteners market throughout the predicted period.
PureCircle (United States), Tate & Lyle Plc (United Kingdom), HYET Sweet (Netherlands), Cargill, Incorporated (United States), NutraSweet (United States), Hermesetas (Switzerland), DuPont (United States), Truvia (United States), Whole Earth Sweetener (United States), SweetLeaf (United States) and Madhava Sweeteners (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ADM (United States), Imperial Sugar (United States) and Morita Kagaku Kogyo (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global High Intensity Sweeteners market by Type , by Application (Beverages, Bakery and Confectionary, Dietary Products, Pharmaceuticals, Table Top Sweeteners and Others) and Region with country level break-up.
On the basis of geography, the market of High Intensity 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In May 2022, Batory Foods, a US distributor of food and fine ingredients, has acquired Sweetener Solutions, a Savannah, GA-based company specialising in custom sweetener formulation, precision blending, and specialty portion packaging. The acquisition is seen as a natural fit for Batory Foods, which is a national distributor of natural, alternative sweeteners and sweetener blends, including its own recently launched Batory Sweet Essentials.
In 2019, PureCircle Ltd has launched next generation Stevia Leaf Sweetener.
Influencing Trend:
Incrsed used of High-Intensity sweeteners are artificial or natural substances are replace by sugar in food & Beverages.
Market Growth Drivers:
Changing Lifestyle Style and Changing Taste Preference of Consumers
Challenges:
stringent government regulations.
Restraints:
High Cost of Product, Availability of Substitute and Expensive Manufacturing Cost
Opportunities:
Untapped Emerging Economies
Key Target Audience
Regulatory bodies, Research organizations, and consulting firms, Commercial research & developments (R&D), Trade associations and industry bodies, Importers and exporters, End-use industries, Raw Material Supplier and Manufacturer, Supplier and Distributors