Low Intensity Sweeteners Market By Type, By Application And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021).
Global Low Intensity Sweeteners Market was worth USD 1.25 billion in 2016, and is expected to grow at a CAGR of 5.5%, to reach USD 1.63 billion by 2021. Low intensity sweeteners are commonly used as alternates for sugar as they are less sweet than sucrose or table sugar and contain less or no calories.
They are used in large amounts on food as they are less sweet than sugar and they will not increase sugar levels in blood.
They are used as a food additive especially for people who cannot tolerate normal sweetness of sugar especially aged people.
They are also used by health conscious people who intend to add fewer calories to their diet but do not want to miss the sweetness. These are not natural sweeteners and are to be approved by governing agencies as safe for consumption before they are released into the market.
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Increasing diabetic as well as geriatric population, rising awareness among people to reduce obesity by eating food with fewer calories and increasing demand for sugar less products across the world are driving the market. Increasing research and development for invention of new artificial sweeteners and change in eating habits of people to reduce weight are also expected to drive the market growth.
Stringent approval processes and high cost of products are restraining the market.
The Low Intensity Sweeteners Market is categorized based on type, applications and region. Based on type, the market is categorized into Xylitol, Tagatose, Allulose, Trehalose, Isomaltuolose and Others.
Xylitol holds the largest market share due to its unique properties such as relative sweetness as sucrose and easy digestion. Trehalose and Isomaltuolose are expected to grow at an impressive pace during the forecast period.
Based on applications, the market is categorized into Bakery, Beverages, Table Top Sweetener, Pharmaceuticals, confectionery, Dairy and Desserts and others. Beverages hold the major market share due to increase in demand for low calorie beverages in diet management.
1.7 Y-o-Y Growth Analysis, By Type
1.8 Market Attractiveness Analysis, By Type
1.9 Market Share Analysis, By Type
2.5 Dairy, ICE Cream & Deserts
2.7 Table-Top Sweetener
2.9 Y-o-Y Growth Analysis, By Application
2.10 Market Attractiveness Analysis, By Application
2.11 Market Share Analysis, By Application
Based on geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific leads the low intensity sweeteners market due to the increase in demand for low calorie food and beverages and increase in investments for new product development.
It is also expected to be the fastest growing market segment.
Some of the major players in this region are Cargill Inc., Roquette Freres Company, Ingredion Incorporated, Matsutani Chemical Industry Co., Ltd., E.I. Du Pont de Nemours and Company, ZuChem Inc., Spi Pharma Inc., Food Chem International Corporation, EcogreenOleochemicals, and Gulshan Polyols Limited.
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