iCrowdNewswire Jan 11, 2021 1:53 PM ET
Global Alternative Sweeteners Market is expected to exhibit a strong 5.2% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global alternative sweeteners market is primarily driven by the growing demand for sweeteners that do not contribute to the glycemic index of the diet and is likely to exhibit robust growth over the forecast period due to the growing demand from all over the world. MRFR’s new report provides a comprehensive overview of the global alternative sweeteners market by detailing the impact of various major drivers and restraints on the market. The key economic factors affecting the global alternative sweeteners market are profiled in the report. Historical figures regarding the global alternative sweeteners market are also provided in the report to provide readers with a complete overview of the market’s growth trajectory over the historical review period.
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Leading players in the global alternative sweeteners market include Sunwin Stevia International, A.B. Enterprise, Niutang Changhai Food Additives Co. Ltd., Associated British Foods plc, Roquette Freres S.A., Azucares Prieto, Denk Ingredients, JJD Enterprise, Ingredion Incorporated, Macandrews & Forbes Inc., Cargill Inc., Tate & Lyle plc, DuPont Nutrition & Health, Hill Pharmaceutical Co. Ltd., and Archer Daniels Midland Company. Leading players in the market are likely to focus on the commercialization of sweetener products in the coming years. Public awareness regarding alternative sweeteners is still lacking to some degree, which has led to companies picking up some of the slack when it comes to making people aware of alternatives to sugar.
In September 2019, PureCircle, a leading producer of stevia products, received a Chinese patent for increasing the production of next-generation Reb M stevia leaf sweetener.
Global Alternative Sweeteners Market is segmented on the basis of product type, application, and region.
The global alternative sweeteners market is bifurcated by product type into synthetic and natural. The synthetic alternative sweeteners segment is further sub-segmented into aspartame, acesulfame-K, sucralose, saccharin, and others. The natural segment includes stevia, sorbitol, xylitol, erythritol, and others.
North America holds the largest share in the global alternative sweeteners market, followed by Asia Pacific. The increasing demand for processed foods in these two regions is likely to remain a major driver for the global alternative sweetener market.
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