The global market for non-sugar sweeteners is expected to reach $14.6 billion by 2019.
(PRWEB) July 08, 2015
Wellesley, Mass., July 08, 2015 – An increase in the number of Chinese companies entering the non-sugar sweeteners markets has adversely affected the performance of many European and North American players in the non-sugar sweeteners market. BCC Research reveals in its new report that research and development in technologies has shifted the market away from artificial non-sugar sweeteners toward natural non-sugar products.
North America, Asia-Pacific and Europe account for a combined market share of about 90% in the global non-sugar sweeteners market, in terms of value. In 2013 North America had the highest market share at 50.9%, followed by Asia-Pacific with 25.1% and Europe with 13.6%.
In North America and Europe, rising rates of diabetes and obesity are driving demand for low calorie products. Meanwhile, the Asia-Pacific market continues to grow from greater consumer awareness, rising disposable income and changes in lifestyle. The rapidly growing emerging economies such as China and India have significantly increased the demand for non-sugar sweeteners in recent years. In addition, with more start-up and small companies in the Asia-Pacific region, the outsourcing of non-sugar sweeteners production is growing more with new manufacturing facilities.
“The Asia-Pacific markets and Europe are expected to grow at five-year CAGRs of 0.6% to reach $1.5 billion and 2.6% to $358.1 million, respectively,” says BCC Research analyst Aneesh Kumar. “The increase in consumption of high fructose corn syrup, particularly in carbonated soft drinks in developing countries like China and India, is driving the market through 2019. In Europe, the market for HFCS is expected to grow because HFCS-based beverages are a regular part of the diet,” he adds.
Global Markets for Non-Sugar Sweeteners (FOD044B) examines the global markets for non-sugar sweeteners, including types, need, benefits, limitations and regulations. Analyses of trends, with data from 2013 and 2014, and projections of CAGRs through 2019, also are provided.
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