The global low-intensity sweeteners market is envisaged in a report by Transparency Market Research (TMR) to possess a significantly consolidated vendor landscape. In 2016, close to a 90.0% of the total market share was secured by Cargill, Inc., E.I. Du Pont de Nemours and Company, Ingredion Incorporated, and Roquette Freres – top four companies of the industry. In order to maintain their position in the market, leading players could develop novel formulations by largely investing in research and development. Furthermore, they are anticipated to consolidate their product portfolios for securing a position of strength in the market.
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TMR foresees the global low-intensity sweeteners market to be valued at a US$2.06 bn by the completion of 2025 while rising at a 5.8% CAGR during the course of the forecast tenure 2017-2025. In 2016, the market was worth a US$1.25 bn. By product, xylitol could account for a king’s share of the market by the end of the final forecast year. By region, Asia Pacific is prognosticated to rank higher in the market, considering its 33.2% share obtained in 2016.
Demand for low-intensity sweeteners is projected to increase on the back of growing preference for low-calorie diet to reduce body weight and keep health problems related to obesity under control. The role of additives played by low-calorie sweeteners could gain high popularity, especially in the food and beverages industry due to their telling demand. Increasing obesity concerns and associated health issues witnessed across the globe are prophesied to accentuate benefits of low-calorie food.
Demand for low-calorie sugar alternatives could attain a strong boost as eating habits see a drastic change in developed and emerging countries. Various types of low-calorie foods and beverages use low-intensity sweeteners – a situation envisioned to help the market to increase growth in the near term.
Delay in product approvals and strict regulations on the inclusion and production of a number of ingredients used in low-intensity sweeteners are prophesied to hamper demand in the global market. High cost of introducing new products in the international low-intensity sweeteners market could deter the rise in growth in the near future. However, uptake of allulose is predicted to increase in a variety of dairy and confectionary products.
Furthermore, new opportunities could show face in the international low-intensity sweeteners market due to swelling demand for products that are sourced naturally. Additionally, surging count of health-conscious people in emerging economies raising demand for low-calorie options is foretold to set the tone for valuable growth in the market. Low-calorie foods and beverages are highly demanded by diabetics since they help in controlling glucose levels. Thus, increasing incidence of diabetes mellitus is expected to surge demand in the market.
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