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Global Specialty Sweeteners Market - Growth, Trends, and Forecast To 2023 -

The "Global Specialty Sweeteners Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to's offering.

The global specialty sweetener market is valued at USD 2 billion in 2016 and is expected to reach USD 2.98 billion by 2023, registering a CAGR of 5.3% during 2018-2023. The demand for sugar-free products and low-sugar diets is fueling the growth of the market. Conventional sweetening agents like sugar and high-fructose corn syrup (HFCS) are high in calories.

Weight-related problems and diabetes are the primary drivers for the global non-sugar sweetener market. Consumers choose various sugar substitutes, thus fueling the global specialty sweetener market. Consumers have become more health conscious and pay attention to food labels to check the calorie content of the product.

The specialty sweetener market is segmented by type into natural and artificial sweeteners. The natural sweeteners segment is gaining more popularity than the artificial sweeteners segment, as it has no side effects, however, decreased availability and development of more health-conscious artificial sweeteners have shifted preferences of consumers towards artificial sweeteners.

The global specialty sweetener market is classified, based on application, into the food & beverage sector. Aspartame is used widely in the food & beverage industry as a special sweetener in products including bakery products, cereals, syrups, fruit-based products, and ready-to-drink beverages, thus providing a great opportunity for the market for specialty sweeteners.

With a market share of over 35%, North America dominated the sweetener market in 2017. The growth in demand for specialty sweeteners in industrial and non-industrial applications and changing consumer preferences have accelerated market growth in the region.

Companies Mentioned

Nestle SA Coca Cola Company PepsiCo Inc. Cargill. Inc. Pure Circle Ltd Stevia Corp GLG Life Tech Corp Cumberland Packing Imperial Sugar Zydus Wellness Ingredion Tate & Lyle The Nutra Sweet Company

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Dynamics

4. Market Segmentation

5. Competitive Landscape

6. Company Profile

7. Appendix

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SOURCE: Research and Markets 
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Related Topics: Sugar and Sweeteners

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