The rise in health awareness among the clients, concerned about diabetes, obesity, and calorie intake, drives the artificial sweetener market. Change in lifestyle and improving economic condition are some factors driving the demand for the sugar substitutes industry. Demand for low calorie and zero-calorie processed and packed foods are also propelling the global artificial sweetener market. As per our latest research report, the Artificial Sweeteners Market World over was USD 7.8 Billion in 2020.
However, COVID-19 has impacted the supply and demand chain of artificial sweetener final products and raw material ingredients worldwide. According to our research, North America, Asia, and Europe play a vital role in the artificial sweetener market as many of their population suffer from diabetes and obesity.
According to Diabetes Statistics Report
10.5% of all US population had diabetes in 2018, 13.0% of all US adults aged 18 years or older had diabetes.
The prevalence of obesity was 40.0% among young adults aged 20 to 39 years, 44.8% among middle-aged adults aged 40 to 59 years, and 42.8% among adults aged 60 and older. These increasing health condition and patients are surging use of low-calorie artificial sweetener market.
There are multiple key players in the market; The publisher has studied company such as Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Ajinomoto Co., Inc., and Celanese Corporation.
This report titled “Artificial Sweeteners Market, Consumption, Global Forecast, By Product (Sucralose, Aspartame, Neotame, Saccharin, Acesulfame Potassium (ACE-K), Cyclamate and Stevia), Regions (Other Asia & Oceanic, China, North America, Western Europe, South/Central America, Eastern/Central Europe, Africa and Middle East), Application (Food, Beverages, Pharmaceuticals, TableTop & Others), Company Analysis (Cargill, Tate & Lyle, Archer Daniels Midland Company, Ingredion, Ajinomoto Co., Inc., Celanese Corporation)" provides a detailed analysis of Sugar Substitutes Market”
Products - Market Breakup in 8 Sectors
1. Aspartame
2. Sucralose
3. Saccharin
4. Neotame
5. Acesulfame Potassium (ACE-K)
6. Stevia
7. Cyclamate
8. Others
Region - Market Breakup in 8 Regions
1. China
2. Other Asia and Oceanic
3. North America
4. South/Central America
5. Western Europe
6. Eastern/Central Europe
7. Africa
8. Middle East
Application - Market Breakup from 5 Viewpoints
- Beverages
- Food
- Pharmaceuticals
- Table Top
- Others
Consumption Products - Market Breakup from 8 Viewpoints
- Aspartame
- Sucralose
- Saccharin
- Neotame
- Acesulfame Potassium (ACE-K)
- Stevia
- Cyclamate
- Others
Consumption Region - Market Breakup from 8 Viewpoints
- China
- Other Asia and Oceanic
- North America
- South/Central America
- Western Europe
- Eastern/Central Europe
- Africa
- Middle East
Consumption Application - Market Breakup from 5 Viewpoints
- Beverages
- Food
- Pharmaceuticals
- Table Top
- Others
All companies have been covered from 3 viewpoints
- Overviews
- Recent developments
- Revenues
Company - Financial Insights
- Cargill
- Ingredion
- Archer Daniels Midland Company
- Tate & Lyle
- Ajinomoto Co., Inc.
- Celanese Corporation
Table of Contents
Companies Mentioned
- Cargill
- Ingredion
- Archer Daniels Midland Company
- Tate & Lyle
- Ajinomoto Co., Inc.
- Celanese Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| Published | May 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD | $ 7.8 Billion |
| Forecasted Market Value ( USD | $ 9.6 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
