San Jose / CA. (gia) Global Industry Analysts Inc. (GIA) announces the release of a comprehensive global report on Artificial Sweeteners markets. The global market for Artificial Sweeteners is forecast to reach 1,5 billion USD by the year 2015. Increasing diabetic patient population, surging risks of heart diseases, and health-conscious populace are major factors driving growth in artificial sweeteners market. Demand for artificial sweeteners is expected to be stimulated by weight reduction efforts, attempts to develop foods for diabetic patients and others who need to cut sugar intake, and worries over dental caries.
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 percent of global artificial sweeteners market. Social and health concerns about obesity fuelled 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 percent 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 four percent 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. (USA) Inc.; Nutrinova Inc.; Spherix Incorporated; Tate + Lyle PLC and The Nutrasweet Company.