The Asia Pacific Low Intensity Sweeteners Market was worth USD 0.53 billion in 2018, and is expected to grow at a CAGR of 6.5%, to reach USD 0.72 billion by 2023. Low intensity sweeteners are commonly used as alternates for sugar as they are less sweet than sucrose or table sugar and contain less or no calories. They are used in large amounts on food as they are less sweet than sugar and they will not increase sugar levels in blood.
They are used as a food additive especially for people who cannot tolerate normal sweetness of sugar especially aged people. They are also used by health conscious people who intend to add fewer calories to their diet but do not want to miss the sweetness. These are not natural sweeteners and are to be approved by governing agencies as safe for consumption before they are released into the market.
Increasing diabetic as well as geriatric population, rising awareness among people to reduce obesity by eating food with fewer calories and increasing demand for sugar less products across the world are driving the market. Increasing research and development for invention of new artificial sweeteners and change in eating habits of people to reduce weight are also expected to drive the market growth. Stringent approval processes and high cost of products are restraining the market.
The Low Intensity Sweeteners Market is categorized based on type, applications and region. Based on type, the market is categorized into Xylitol, Tagatose, Allulose, Trehalose, Isomaltuolose and Others. Xylitol holds the largest market share due to its unique properties such as relative sweetness as sucrose and easy digestion. Trehalose and Isomaltuolose are expected to grow at an impressive pace during the forecast period. Based on applications, the market is categorized into Bakery, Beverages, Table Top Sweetener, Pharmaceuticals, confectionery, Dairy and Desserts and others. Beverages hold the major market share due to increase in demand for low calorie beverages in diet management.
Based on geography, the Asia Pacific market is categorized into China, India, Australia, Japan and South Korea. Asia Pacific leads the low intensity sweeteners market due to the increase in demand for low calorie food and beverages and increase in investments for new product development. It is also expected to be the fastest growing market segment. China is the leading market for artificial sweeteners in this region.
Some of the major players in this region are Cargill Inc., Roquette Freres Company, Ingredion Incorporated, Matsutani Chemical Industry Co., Ltd., E.I. Du Pont de Nemours and Company, ZuChem Inc., Spi Pharma Inc., Food Chem International Corporation, EcogreenOleochemicals, and Gulshan Polyols Limited.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Xylitol
5.1.3 Tagatose
5.1.4 Allulose
5.1.5 Trehalose
5.1.6 Isomaltulose
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Beverages
5.2.3 Confectionery
5.2.4 Bakery
5.2.5 Dairy, ICE Cream & Deserts
5.2.6 Pharmaceuticals
5.2.7 Table-Top Sweetener
5.2.8 Others
5.2.9 Y-o-Y Growth Analysis, By Application
5.2.10 Market Attractiveness Analysis, By Application
5.2.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cargill Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Roquette Freres Company
8.3 Ingredion Incorporated
8.4 Matsutani Chemical Industry Co., Ltd
8.5 E.I. Du Pont de Nemours and Company
8.6 ZuChem Inc.
8.7 Spi Pharma Inc.
8.8 Food Chem International Corporation
8.9 Ecogreen Oleochemicals
8.10 Gulshan Polyols Limited
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
