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(MoneyNewsWire.Net, May 28, 2018 ) Global Speciality Sweeteners Market was worth USD 2 billion in 2016 and estimated to be growing at a CAGR of 5%, to reach USD 2.68 billion by 2021. Specialty sweeteners are a different class of sweeteners which are low on calories like polylol and aspartame. Food products which contain special sweeteners have low energy content and are used in cases where the patient needs to control his weight.
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Due to rising urbanization there has been an ever increasing excessive weight related problems. There has been a rise in the cases of diabetes which in turn drives the market. Due to weight related problems people are forced to switch to low calorie sugar alternatives causing the market to grow. Consumers have become more health conscious and check the calorie content of the product. Therefore, food processing companies are adding sugar-free and low-calorie alternatives to their product lines.
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The market for Speciality Sweeteners is broadly categorized into application and type. By application the market is segmented into food sector, beverages sector and others. Food and beverages sector hold a major share of the market. The food sector is further divided into confectionery, baked products, frozen desserts and others. By type the market is classified into natural and artificial. The natural sweetener segment dominated the market due to lesser side effects as compared to the artificial sweeteners. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Speciality Sweeteners market was dominated by North America. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market, by their products and services include Coca Cola Company, PepsiCo.Inc, Cargill Inc., Nestle S.A, Ingredion, Roquette, Tate &Lyle, Evolva Holding, Florida Crystal, Galam, GLG Life Tech, Herboveda, Hermes Sweetener, Imperial Sugar, Ingredion, JK Sucralose, McNeil Nutritionals, Morita Kagaku Kogyo, NutraSweet, Pure Circle, Sunwin Stevia International, US Sugar, Wisdom Natural Brands, Zevia, and Zydus Wellness.
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