Global Low Intensity Sweeteners Market Booming at a CAGR of 5.85 % to Estimated Global Low Intensity Sweeteners Market By Product Type (Tagatose, Xylitol, Trehalose, Iso-maltulose, Allulose, Others), Application (Beverage, Confectionary, Pharmaceutical, Dairy Products, Table Top Sweetener, Bakery Foods, Others)
Market Definition: Global Low Intensity Sweeteners Market
Low intensity sweeteners are an alternative of a sugar which has sweet taste and contain fewer calories. They are like sugar syrup which is widely used in the food to make them taste sweet. These alternatives are very useful as it also help in weight loss. They are very suitable for the people with diabetes, reactive hypoglycaemia etc. Increasing obesity among the population and rising health awareness is the major reason fuelling the growth of this market.
Market Drivers:
- Increasing consumer demand for low calorie food is driving the growth of this market
- Rising R&D investment on low intensity sweetener is another factor driving the market
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Market Restraints:
- High price of the low intensity sweetener is restraining the market growth
- Strict regulation and postponement in the product confirmation is another factor restraining the growth of this market
Market Analysis: Global Low Intensity Sweeteners Market
Global Low Intensity Sweeteners Market is expected to rise from its initial estimated value of USD 1.4 billion in 2018 to an estimated value of USD 2.20 billion by 2026, registering a CAGR of 5.85% in the forecast period of 2019-2026. Increasing health awareness among population is driving the growth of this market.
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Segmentation: Global Low Intensity Sweeteners Market
- By Product Type
- Tagatose
- Xylitol
- Trehalose
- Iso-maltulose
- Allulose
- Others
- By Application
- Beverage
- Confectionary
- Pharmaceutical
- Dairy Products
- Table Top Sweetener
- Bakery Foods
- Others
Key Developments in the Market:
In March 2019, PureCircle announced that they have got approval for their new Reb M stevia leaf sweetener in Singapore which will help the food and beverage companies to produce products with zero fat and calorie. These new sweetener are non- GMO (Genetically Modified Organism) certified. This new sweetener will provide great taste without any sugar intake.
In September 2018, Amyris, Inc. announced the launch of their new zero calorie sweetener which is derived from sugarcane. It is totally made from natural and imperishable sources. The main aim is provide people high quality product which will help them to stay healthy without gaining any calorie.
Competitive Analysis:
Global low intensity sweeteners market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of low intensity sweeteners market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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