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Market research analysts at Technavio predict that the global tabletop and sachet sweeteners market will grow steadily during the next four years and post a CAGR of close to 9% by 2021. This market research analysis identifies the increasing cases of diabetes and obesity across the globe as one of the primary growth factors for this market. Obesity and diabetes are lifestyle disorders that are predominant in a large segment of the world's population. These disorders lead to other health issues, including heart ailments, respiratory disorders, and anxiety. This high rate of obesity and diabetes will lead to a shift in consumer preference for sachet sweeteners, subsequently fueling market growth.
One of the latest trends that will gain traction in the tabletop and sachet sweeteners market in the coming years is the decline in the usage of artificial sweeteners. Artificial sweeteners are typically made from aspartic acid and phenylalanine. Though phenylalanine offers most of the sweetness, the methanol present is majorly responsible for bad health which will refrain consumers from using artificial sweeteners as an ingredient in their food. Furthermore, the emergence of natural sweeteners such as coco sugar and stevia, will also decline the adoption artificial sweeteners.
With the presence of a limited number of well-diversified players, this market appears to be competitive. The vendors in this market compete against each other in terms of portfolio, subscriptions, quality, pricing, and product differentiation. The growth of the vendors in the natural sweeteners market depends on market conditions, government support, and industry development. The competitive environment in this market is expected to intensify further during the forecast period due to an increase in product extensions and M&A.
The leading vendors in the market are -
The other prominent vendors in the market include Cumberland Packing, DOMINO FOODS, GLG Leading Life Technologies, Heartland Food Products Group, Hermesetas, Merisant, NUTRASTEVIA, Stevia First, SteviaOne, Sunwin Stevia International, and Wholesome!.
During 2016, the artificial segment accounted for the major shares and dominated this market. However, the natural segment will account for the major shares and dominate the market by 2021. Due to the rising concerns for health and fitness among individuals, the sweetener manufacturers have started producing sweeteners from stevia. Since, stevia is made from natural leaves it does not have any side-effects, unlike artificial sweeteners. In addition to being a high-intensity sweetener, factors such as the very low calorie and fat content, will also contribute to the growth of the natural sweeteners market segment in the coming years.
This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the natural sweeteners market by 2021. The increasing demand for high-intensity sweeteners (HIS) from major end-user segments and the increasing demand for low-intensity sweeteners (LIS) from households are the prominent drivers for the market's growth in this region. Additionally, individuals in this region have better awareness of the benefits of stevia, such as its zero side-effects and zero-calorie properties and are, therefore, switching from artificial sweeteners to stevia.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by packaging format
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: artificial sweeteners, sugar free foods, food additives, food ingredients, food and beverage industry outlook, food market forecast,
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