What is Artificial Sweetner?
Artificial Sweetener is a substitute of natural or table sugar available in the market, it is not made up of natural ingredients but derived from some artificial process. Generally, it is been used in food products such as candies, cookies, drinks, medicines, etc. It is used as a substitute for table sugar. It is about 300–400 times or more as sweet as normal sugar. Initially a couple of decades ago, due to upsurging side effects of one of an artificial sweetener that is saccharin, it was banned in the number of the region with increasing technological developments the artificial sweetener market will project significant demand over the forecasting years. Due to the increasing awareness and health consciousness, the demand for sugar-free products and low-calorie sugar alternatives are increasing, which is boosting the market growth. However, the ill effects of long-term usage of these can be caused to body's ability and can trigger diabetes and other problems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Roquette (France), Ajinomoto (Japan), JK Sucralose (China), McNeil Nutritionals (United States), NutraSweet Property Holdings (United States), Hermes Sweeteners (Switzerland), MORITA KAGAKU KOGYO (Japan), PureCircle (Malaysia), Sunwin Stevia International (China) and Zydus Wellness (India) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Aspartame, Acesulfame-K, Monosodium Glutamate, Saccharin and Sodium Benzoate) , by application (Bakery Items, Dairy Products, Confectionery and Beverages) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Artificial Sweetner market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Roquette (France), Ajinomoto (Japan), JK Sucralose (China), McNeil Nutritionals (United States), NutraSweet Property Holdings (United States), Hermes Sweeteners (Switzerland), MORITA KAGAKU KOGYO (Japan), PureCircle (Malaysia), Sunwin Stevia International (China) and Zydus Wellness (India).
Market Overview:
In January 2021, Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, acquired PureCircle Limited, the world’s leading producer and innovator of plant-based stevia sweeteners and flavors for the food and beverage industry. PureCircle brings global innovation and manufacturing expertise, enabling Ingredion to leverage its global go-to-market model, formulation capabilities and broad ingredient portfolio.
In the EU, in general, if a food additive belongs to the category/functional class 'sweetener' it must be designated by the name of that category (i.e., 'sweetener'), followed by its specific name or, if appropriate, E number on the food packaging (EC 2008, EU 2011).
The global artificial sweetener market is highly fragmented by the presence of numerous small and large vendors. The key players are increasingly competing against each other to increase their market reach and to meet the growing needs of consumers. The factors on which the manufacturers are competing involve pricing strategy, service, and quality of sugar. They are also trying to gain a firm foothold in the market by offering attractive customer based offers.
Influencing Trend:
Increasing Demand for LCS (Low Calorie Sugars) and Changing Dietary Preferences of Consumer and Increasing Health Consciousness
Market Growth Drivers:
High Demand from Soft Drink and Confectionery Industries and Increasing Use of Saccharin in the Pharmaceutical Sector to Combat with Drugs Tastes
Challenges:
Increasing Demand for Naturally Derived Sweeteners and Inviable Consumption in Case of Pregnant Women, Children and Infants
Restraints:
Adverse Effect on Human Health Owing to High and Continuous Consumption of Artificial Sweeteners
Opportunities:
Upsurging Prevalence of Obesity and Diabetes and Growing Technological Advancements in Artificial Sweetener Production to Minimize the Side Effects
Key highlights of the Global Artificial Sweetner market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Artificial Sweetner market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Artificial Sweetner market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Artificial Sweetner Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Sweetner market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Artificial Sweetner market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Artificial Sweetener, Suppliers of Artificial Sweetener, Wholesalers, Distributors, and Retailers of Artificial Sweetener, Food and Beverage Industry, Pharmaceutical Industry, Research Organization, Governmental Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.