Artificial Sweeteners: A Global Strategic Business Report
San Jose, CA (PRWEB) March 12, 2008
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. Global artificial sweeteners market is growing at a compounded annual rate of 3.7%, as stated in a recent report published by Global Industry Analysts, Inc.
Worldwide market for artificial sweeteners will be stimulated by weight reduction efforts, attempts to develop foods for diabetic patients, growing number of people trying to cut sugar intake, worries over dental caries, ever-increasing product introductions in the diet food & beverage category such as diet drinks, diet candies, diet gums and diet ice cream. Global market for aspartame based artificial sweeteners is likely to reach US$656 million by 2010. Market for saccharin artificial sweeteners is declining as usage of saccharin is considered harmful. Global market for sucralose artificial sweeteners is projected to grow fastest, registering a CAGR of over 17.5% for the period 2000-2010.
The FDA has presently approved five artificial sweeteners - Sucralose, Saccharin, Aspartame, Acesulfame K and Neotame and is reviewing two other low-calorie sweetener including alitame and cyclamate for consumer use. Aspartame represents the largest market for artificial sweeteners, accounting for nearly 50% of the global share. Introduction of any new low-calorie sweeteners in the market would result in increased competitiveness, price erosion and distributed customers.
Major players in the market include Nutrasweet, Tate & Lyle, Nutrinova, Merisant, McNeil Nutritionals, Danisco, Spherix and Imperial Sugar.
"Artificial Sweeteners: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides comprehensive analytics for the US, Canada, France, Germany, Italy, the UK, Spain, Asia-Pacific, Latin America and Rest of World. Major product segments analyzed include Aspartame, Acesulfame Potassium, Saccharin, and Sucralose.
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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 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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