DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2bm8jm/global_food) has announced the addition of the "Global Food Sweetener Market- Growth, Trends, Forecast For The Period (2015-2020)" report to their offering.
The global market food sweetener recorded $84 billion in 2014 and is estimated to increase at a compound annual growth rate (CAGR) of 4.5% and reach nearly $111 billion by 2020.
In this market, sugar holds the majority share, comprising more than 80% share. The major constrain in the sugar market is the volatility in the prices, leading to market fluctuations.
The sweetener market is segmented as sugar, High Intensity sweeteners and High fructose corn syrup. The market for high-intensity sweeteners is expected to reach nearly $2.2 billion in 2020 at a CAGR of 5.1%.
This growth is due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients which is causing a growth in this category. Although high intensity sweeteners (HIS) don't constitute a major share, this is the fastest growing segment. This is attributed to raising health concerns among people. Aspartame and Sucralose are the most famous sweeteners in the HIS segment. Stevia is seeing a major demand in the natural sweeteners category.
The major manufacturing centers such as China and India are seeing an increase in production capacity to meet the end user demands for usage in baked products, confectionaries and frozen desserts. North America is the largest market for confectionaries and baked goods, thus driving the demand for sweeteners. Europe is also a major user for its applications in alcoholic beverages. China is the world's largest source of high-intensity sweeteners, accounting for more than 70 percent of world production in 2013.
Indonesia was a distant second, followed by the U.S. and Western Europe. Consumption of high-intensity sweeteners in the United States, Canada, Western Europe and Japan is expected to grow at lower rates, as the diet beverage market, the largest application, has matured.
The leading players in this segment are Cargill, Kerry Group, Stevia First corporation, Hermes Sweeteners Ltd, and Tate and Lyle Plc. Companies are innovating the Stevia derived products to meet the consumer demand for Non caloric natural sweeteners.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
- Cargill Inc
- Kerry Group
- Corbion Purac
- Stevia First Corporation
- Hermes Sweetners Ltd
- Tate & Lyle Plc
- Archer Daniels Midland(ADM)
- Celanese corporation
- JK Sucralose Inc
- Fraken Biochem
- SANXINYUAN FOOD INDUSTRY CORPORATION LIMITED
- A&Z FOOD ADDITIVES CO. LTD.
- Australian Stevia Mills
For more information visit http://www.researchandmarkets.com/research/2bm8jm/global_food
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SOURCE Research and Markets