Specialty Sweeteners Market 2020 to Expand at a CAGR of 5.3% by 2023: Top-most Competitor Analysis Covering Market Demand, Market Share, Complete Industry Overview
The Global Specialty Sweeteners Market 2020-2023 Research Report provides idealistic and determined details of the Specialty Sweeteners Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Specialty Sweeteners market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Specialty Sweeteners Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- Nestle SA
- Coca Cola Company
- PepsiCo Inc.
- Cargill. Inc.
- Pure Circle Ltd
- Stevia Corp
- GLG Life Tech Corp
- Cumberland Packing
- Imperial Sugar
- Zydus Wellness
- Tate & Lyle
- The Nutra Sweet Company
The Specialty Sweeteners Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Specialty Sweeteners Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Specialty Sweeteners Market:
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 2020-2023. 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. Hence, food processing companies are manufacturing low-calorie and sugar-free alternatives as part of their product lines. Even in their homes, people are increasingly substituting sugar with low-calorie, intense sweeteners.
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. Therefore, food processing companies are adding low-calorie and sugar-free alternatives to their product lines.
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. Moreover, the development of low-sugar foods for diabetic and diet conscious clients, coupled with growing diet liquids demand, is projected to increase demand during 2020-2023. Products with special sweeteners have low energy content, are used to control weight, and are prescribed by doctors for diabetics as they do not affect blood sugar level.
Market Segmentation – By Region
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. North America is also a leading producer and consumer in the sweetener market, due to the growing demand for convenience food, functional food, and alternative sugar sources.
• February 2020 – GLG Life Tech Corp launched its Reb M sweetener product line in collaboration with Archer Daniels Midland Co. The sweeteners are made from GLG Life Tech’s proprietary high Reb M Dream Sweetener stevia leaf.
• February 2020 – PepsiCo is adding aspartame back to its flagship Diet Pepsi product.
The major players include – 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, amongst others.
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Reasons to Purchase this Report
The Specialty Sweeteners Market 2020-2023 Analysis objectives of the report are:
- To analyze Specialty Sweeteners Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Specialty Sweeteners Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Specialty Sweeteners Market of many Specialty Sweeteners Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Specialty Sweeteners Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Specialty Sweeteners Market competitors.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]
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