Zion Market Research has published a new report titled “Low Intensity Sweeteners Market by Type (Xylitol, Tagatose, Allulose, Trehalose, & Isomaltuolose) by Application (Bakery, Beverages, Confectionery, Table-top sweetener, Pharmaceuticals & Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, the global low intensi ty sweeteners market was valued at USD 1.20 billion in 2016 and is expected to reach at around USD 1.72 million, growing at a CAGR of 5.30% between 2017 and 2022.
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Low intensity sweeteners are food supplement which stimulates a sense of sweetness in the person consuming the product. People suffering from diabetes and obesity will prefer low intensity sweeteners. Variants of low intensity sweeteners are produced from different sources across the different application. Low intensity sweeteners keep insulin level unaffected, having natural sweeteners is an added advantage and is expected to have a higher growth in the near future.
Rising demand for healthy and low-calorie food & beverages is expected to bolster the growth of global low intensity sweeteners market within the forecast period. Low-intensity sweeteners have been growing rapidly and will continue to do so in the coming years. Asia Pacific region dominates the low intensity sweeteners market in 2014, due to increasing demand for low-calorie food and natural sweeteners. In Asia Pacific region, China was the major market for low intensity sweeteners market. North America is expected to have moderate growth in the near future. Low-intensity sweeteners demand for confectionery products will drive growth in the European region. Europe is the second largest market for low intensity sweeteners.
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Based on the type, low intensity sweeteners market can be segmented into xylitol, tagatose, allulose, trehalose, isomaltulose. Among type, xylitol accounted for the largest market share in 2014. Xylitol maintains low easy digestion, low glycemic index, lower calories and have multiple uses across various applications. The Asia Pacific dominates low intensity sweeteners production supply with xylitol.
Low intensity sweeteners market is also categorized on the basis of application into the bakery, beverages, confectionery, table-top sweetener, pharmaceuticals and other low intensity sweeteners application. Among all applications, beverages have major application share. Type of low intensity sweeteners includes xylitol, tagatose, allulose, trehalose, isomaltulose which are majorly used in beverages. Increasing demand for low-calorie food and beverages will drive low intensity sweeteners market.
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Global low intensity sweeteners market was dominated by Asia Pacific region in 2014. Growing demand for healthy and low-calorie food and beverages in the Asia-Pacific region drive the low-intensity sweeteners market. China was the major market for low intensity sweeteners in Asia Pacific region. After the Asia Pacific, North America is also a leading region in low intensity sweeteners market. In Latin America, Brazil is a major supplier of sucrose and is expected to gain market share during the forecast period.
Some of the key players operating in the market are Cargill Inc., Ingredion, Roquette Freres SA, Matsutani, Sudzucker AG, Tate and Lyle, Purecircle, and Mitsui. The key players focus on boosting their network to meet growing demand. After Asia Pacific, Europe is the second largest market for low intensity sweeteners.