Fior Markets launched a study titled “Natural Sweeteners Market by Product Type (High Intensity, Low Intensity), Form (Solid, Liquid, Powder), End User (B2B, B2C), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026”
The global natural sweeteners market is expected to grow from USD 1,324.6 Billion in 2018 to USD 2,689.30 Billion by 2026 at a CAGR of 9.3% during the forecast period from 2019-2026.Growing concerns towards increasing health problems and increased consumption of food items across globe are two factors affecting the demand of the market.
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The high intensity segment is dominating the market with the highest share 61.20% in 2018.
The product type segment is classified high intensity and low intensity. The high intensity segment is dominating the market in 2018due to rising consciousness and its increasing usage in dietary foods. For instance, erythritol contains fewer calories and does not affect blood sugar or insulin level of patients; thus, it is extensively preferred by the consumers.
B2B segment valued around USD 790.78Billion in 2018.
The end-user segment is divided into segments such as B2B and B2C. The B2B segment is dominating the market with the highest share in 2018. The segment is largely dominated by food and beverage industry as they find their application in sweeteners such as stevia and erythritol is used in this industry.
Liquid natural sweeteners segment is dominating the market with the highest share 48.90% in 2018.
Form segment includes solid, liquid and powder. Liquid natural sweeteners segment is dominating the natural sweeteners market in 2018 as they are widely available and preferable by consumers as they can directly be mixed and can be consumed.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 39.30% in 2018.Asia- Pacific is dominating the market asnatural sweeteners are being used on a large scale in various Asian food products such as flavored pastes, sauces, pickles, etc. Also, changing lifestyle pattern in the region is leading towards the increasing use of stevia. Moreover, with the growing number of diabetic patients, especially in India and China, the demand for sugar alternatives has increased. China is also the largest source of high-intensity sweeteners.
The major players of market include American Sugar Refining, Inc., Roquette Frères, Ingredion Incorporated, Wilmar International Limited, Associated British Foods PLC, Nestlé S.A., Symrise AG, Archer Daniels Midland Company, Ajinomoto Co., Inc., Cargill, Incorporated, DuPont, Niutang Chemical Ltd., Tate & Lyle PLC, and MacAndrews & Forbes Incorporated
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