Zion Market Research

Global Low Intensity Sweeteners Market Will Grow at 5.30% CAGR to Exceed USD 1.72 Bn by 2022

Low intensity sweeteners are food supplement which stimulates a sense of sweetness in the person consuming the product. People suffering from diabetes and obesity will prefer low intensity sweeteners. Variants of low intensity sweeteners are produced from different sources across the different application. Low intensity sweeteners keep insulin level unaffected, having natural sweeteners is an added advantage and is expected to have a higher growth in the near future.

 

Sarasota, FL -- (SBWIRE) -- 01/31/2018 -- Low intensity sweeteners are mostly preferred by people suffering from diabetes and obesity. The sweetener is most commonly a sugar substitute which is added to food. They are used instead of sugar for various reasons. Sweeteners provide same taste but with low calorie.

According to the report, the global low intensity sweeteners market was valued at USD 1.20 billion in 2016 and is expected to reach at around USD 1.72 million, growing at a CAGR of 5.30% between 2017 and 2022.

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The global low intensity sweetener market is expected to witness robust growth in the near future. The market is mainly driven by the developments in industries such as bakery and beverages, and the growing demand for healthy and low-calorie food and beverages drive the low-intensity sweeteners market. Asia Pacific region has growing demand for low intensity sweeteners. Also, increasing use of natural ingredients in sweeteners is further stimulating the market growth. However, stringent rules and regulations and higher production costs of tagatose and allulose may hinder the growth of this market. The high growth potential in emerging markets and regions provides new growth opportunities for market players.

On the basis of type, the low intensity sweeteners market is segmented as isomaltuolose, trehalose, allulose, tagatose, and xylitol. Among which xylitol segment is expected accounted for the major revenue share in the low intensity sweeteners market over the forecast period. Trehalose and isomaltulose segments are followed by the xylitol segment in terms of revenue share. The main function of xylitol is for easy digestion in the body, low calories, and low glycemic index which has resulted in increasing demand in various applications.

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On the basis of application, low intensity sweeteners are categorized into bakery, food & beverages, confectionery, table-top sweetener, pharmaceuticals and other low intensity sweeteners. Increasing demand for low calorie, changing consumer dynamics, food & beverage ingredients are responsible for growing the low intensity sweeteners market. Among all applications, food & beverages accounted for the largest market share, followed by table-top sweetener and pharmaceuticals. Innovations in products and processes have enabled suppliers to produce variants of low intensity sweeteners.

By Geography, low intensity sweeteners are segmented into regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Among all the regions, Asia Pacific region dominates the low intensity sweeteners market in 2016 followed by North America, in terms of volume. In the Asia Pacific, China was a major market for low intensity sweeteners and accounted for the largest market share in 2016. Low intensity sweeteners demand for confectionery will drive the growth in the European region. In Latin America, Brazil will be a major supplier of sucrose, which is anticipated to have an impact on production of low intensity sweeteners.

Some of the key players operating in the market include Cargill Inc., Ingredion, Roquette Freres SA, Matsutani, Sudzucker AG, Purecircle, Mitsui, Tate, and Lyle. The key players focus on boosting their network all over the globe to meet growing demand.

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