Approvals Encouraging the Novel Formulations of High-Intensity Sweeteners

Wed, 27 May 2020 1:38

Stevia-based tabletop sweeteners or high-density sweeteners are currently the trends in the global industry. Approvals by the organizations for use have opened the floodgates for various formulations, which are stimulating demand in the global market.  Additionally, the extracts of the monk fruit used to manufacture Luo Han Guo is rapidly arriving in the market as a competitor. Consumers are largely demanding for natural and green products except for artificially or chemically synthesized sweeteners, thereby exponentially driving the market growth.

High-intensity sweeteners have applications in pharma products such as tablets and syrups. The burgeoning pharmaceutical industry in the European region is expected to increase the overall demand for the sweeteners.

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High Intensity Sweeteners Market?

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Impact of COVID-19

As the COVID-19 pandemic has widespread across the globe, it has adversely impacted the global market. The disrupted supply chains and stalled production capacities harmed the supplies of high-intensity sweeteners from China. Companies such as Coco-Cola have had witnessed delayed supplies of non-nutritive sweeteners from China. Sucralose is a critical raw material for the company and is dependent on suppliers from the U.S. and China. As China was the epicenter of the outbreak of coronavirus, it dampened the export operations of China.

Key Highlights

  • The global high-intensity sweetener market is expected to grow at a lucrative CAGR of xx%, strongly backed by its extensive applications in various foods, beverages, dairy products, pharma products, dietary products, and many others.
  • Sucralose is projected to hold around 20-35% of the market share in the global high-intensity sweetener market. It is strongly supported by its enhanced properties such as heat stability and higher sweetness levels when compared to other types.
  • The food and beverage industry is anticipated to accelerate market growth in the coming future. The sweetener is highly utilized as a sugar alternative in carbonated drinks, yogurts, and is suitable for health-conscious people.
  • North America is dominating the global high-intensity sweeteners market in the ligh of favorable government initiatives such as additional taxes on high calorie processed foods and carbonated drinks.

High-Intensity Sweeteners Market Segmentation

By Type

  • Neotame
  • Aspartame
  • Advantame
  • Acesulfame-K
  • Sucralose
  • Saccharin
  • Steviol Glycosides
  • Monk Fruit Extract
  • Others

By Application

  • Bakery & Confectionary
  • Tabletop Sweeteners
  • Powdered Drink Mixes
  • Carbonated Drinks
  • Supplement Products
  • Pharma Products
  • Others

By End-User

  • Food & Beverages
  • Nutraceuticals
  • Pharmaceutical

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East
  • Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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