As per the examination report, the worldwide natural sweeteners market is seeing an extensive ascent. The natural sweeteners market is foreseen to ascend at a CAGR of 4.5% during the period from 2017 to 2026 and reach past US$ 39 Bn before the finish of the figure time frame. Low force sweeteners and high power sweeteners are the two primary items accessible in the worldwide market for natural sweeteners. Among the two, the interest for high power sweeteners is generally high and the pattern is probably going to remain so throughout the following couple of years, expresses the exploration report.
Asia Pacific to Dominate Global Natural Sweeteners Market
In terms of the geography, the global natural sweeteners market has been segmented into North America, Asia Pacific excluding Japan, Latin America, Japan, the Middle East and Africa, and Europe in this research study.
Among these, the Asia Pacific excluding Japan market has acquired the dominance, owing to the high demand for various Asian food, such as flavored pastes, pickles, and sauces. This regional market is anticipated to remain on the top over the next few years. North America and Europe are also expected to witness a significant rise in the years to come, states the research report.
Rise in Diabetes and Obesity to Support Growth
“The global natural sweeteners market is driven significantly by the rising concerns among consumers pertaining to obesity and overall health and fitness,” says a TMR analyst. The increasing prevalence of diabetes among people across the world is also fueling the demand for natural sweeteners, reflecting positively on the growth of this market. In the coming years, innovations by vendors are likely to boost this market significantly, reports the market study.
Sugar- stevia blend has also made a position in the natural sweetener market with companies launching new products, for instance, Coca-Cola Life was the blend of sugar and stevia that was launched in the U.S., Europe, and South America. The market is likely to witness growth due to the wide acceptance of natural sweeteners. A lot of new natural sugar substitutes are also being introduced. While, coconut sugar, date syrup, brown rice syrup, yacon root, palmyra jaggery are some of the trending natural sweeteners.
The global natural sweeteners market is demonstrating an intensely competitive business landscape owing to the presence of a large number of players, states a new report by Transparency Market Research (TMR). Some of the key players in this market are Tate & Lyle, Niutang Chemical Ltd., MacAndrews & Forbes, Cargill, Ajinomoto Co., DuPont, Symrise AG, Nestlé S.A., Archer Daniels Midland Co., Wilmar International Ltd., American Sugar Refining Inc., Associated British Foods, Ingredion Inc., and Roquette Frères. The level of rivalry between these players is significantly high and is expected to continue to increase in the years to come, notes the market study.