Artificial sweetener is a primary additive in the food & beverage industry, which provide sweet taste and low calories to the products. It is way sweeter than ordinary sugar. Increasing awareness about available food options and growing health-conscious population are driving the demand for artificial sweeteners. This is further supported by increasing prevalence of processed foods, growing food industry sector, and increasing need for the convenience food.
Global artificial sweetener market is segmented by types, form, and application.
Based on the type, the market is segmented into Aspartame, Acesulfame-K, Monosodium, Glutamate, Saccharin, and Sodium Benzoate. Aspartame is widely used in the high-intensity sweetener. In 2011, global soft drink industry consumed 21,000 tons of aspartame and is projected to reach 27,500 tons by 2020. Moreover, Aspartame combined with Ace-K is used for producing chewing gum.
On the basis of the form, the market is segmented into liquid, powder, solid, and others.
By application, the market is segmented into processed foods, bakery & confectionery product, dairy product, beverage, and others. The dairy product is expected to dominate the application segment during the forecast period 2019–2026.
Geographically, the artificial sweetener market is segmented into Asia Pacific, Europe, North America, and Latin America and the Middle East & Africa (LAMEA).
North America is expected to hold the largest share of the global artificial sweetener market. FDA has redesigned the constructive food standard regulations and mandated nutrition facts label. The mandated nutrition facts label forces the manufacturers to look at the alternative and thus, shifting toward artificial sweetener.
Asia Pacific is likely to be the second artificial sweetener market globally during the forecast period 2019–2026. The demand for sugar-free food is increasing due to rapidly increasing population and their disposable income, especially in India and China.
Europe is an emerging market for artificial sweetener owing to increasing consumer awareness towards the baked products coupled with regulatory support for foodstuff. Additionally, hectic lifestyle and increase in consumer spending are some of the key factor expected to drive market growth during the forecast period 2019–2026.
LAMEA is projected to witness constant growth due to increasing diabetic patients and diet-conscious population coupled with increasing demand for sugar-free beverages. Additionally, these products do not have calories, which further helps in controlling weight. African countries are the major contributors to artificial sweetener demand owing to increasing presence of manufacturers such as DDW, Lake foods, Aarkay, FMC Corp, and Riken Vitamin resulting in easy product availability.
Artificial Sweetener Market Segmentation