San Jose, California (Vocus) September 28, 2010
Artificial sweeteners are in huge demand as a result of their low calorie content and similar taste as sugar. Sweeteners with low content of calories do not include fermentable carbohydrates, preventing the creation of acids through oral bacteria that causes dental carries. The low calorie content allows diabetic patients to enjoy the taste of regular sugar without adding calories to their diet while assisting in weight management to prevent heart diseases and obesity. New age beverages, dairy products, salad dressings and salty snack foods represent the fastest expanding markets for the sugar substitutes industry, however from smaller bases. Beverages, notably diet soft drinks will continue to remain the principal market for artificial sweeteners. Major factors impacting artificial sweeteners demand include health & nutritional concerns, shift in consumer spending, diet foods, and regulatory concerns. Artificial sweeteners are used in variety of products including dairy products, bakery products, confectioneries, snacks, salad dressings, beverages as well as cosmetics and pharmaceuticals. As a result, growth in this market is largely affected by the ongoing trends in end-user industry.
The United States dominates the world Artificial sweeteners market, as stated by the new market research report on Artificial Sweeteners. Europe and Asia-Pacific markets represent the other major markets, trailing the US in terms of sales of artificial sweeteners. The three principal markets collectively account for more than 85% of global artificial sweeteners market. Social and health concerns about obesity fueled the market growth for artificial sweeteners in most parts of the world, specifically in the US and Europe. Demand for artificial sweeteners is stimulated by increasing number of diabetic patients as well as health conscious customers seeking to lower their calorie and sugar intake without sacrificing taste. Growth-wise, Asia-Pacific is projected to be the fastest growing regional market for artificial sweeteners, with a CAGR of more than 3.0% over the analysis period.
Aspartame represents the largest artificial sweeteners product segment globally. However, global demand for aspartame is expected to grow below the industry average due to rising safety concerns and competition from sucralose in food and beverage applications. Sucralose holds great promise among artificial sweeteners segments, exhibiting a CAGR of more than 4.0% over the analysis period.
The market for high intensity sweeteners is likely to be affected by dwindling prices, entry of new players, particularly of the players operating in developing nations, expiry of patents protection and growing concerns about the usage of artificial sweeteners. This is paving way for the increased usage of various natural sweeteners such as stevia and agave among others. Sugar alcohols or polyols such as erythritol are also expected to surpass the artificial sweeteners in the coming few years. Demand for polyols would be driven by consumers’ perception as natural products and the continued interest of the consumers to reduce the sugar intake for combating diabetics, tooth decay and obesity. Usage of functional carbohydrates such as Palatinose among others is likely to satisfy consumer’s quest for healthy as well as flavor and texture rich products. Demand for such functional carbohydrates is also expected to surge as these products offer numerous health benefits to consumers without compromising on taste and texture.
Major players profiled in the report include Ajinomoto Co. Inc., Ajinomoto Sweeteners Europe SAS, Cumberland Packing Corporation, Danisco A/S, Hermes Sweetener Ltd, Imperial Sugar Company, McNeil Nutritionals LLC, Merisant, Mitsui & Co. (U.S.A) Inc., Nutrinova Inc., Spherix Incorporated, Tate & Lyle plc, and The Nutrasweet Company.
The report titled “Artificial Sweeteners: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Artificial Sweeteners markets, current market trends, key growth drivers, product overview, end-use market overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for artificial sweeteners for the following geographic markets - US, Canada, Europe, Asia-Pacific, Latin America and Rest of World. Key segments analyzed include Aspartame, Acesulfame Potassium, Saccharin, Sucralose and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Artificial_Sweeteners_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/