The global non-sugar sweeteners market is anticipated to witness a CAGR of 5.68% during the forecast period to reach a total market size of US$23.639 billion by 2024, increasing from US$18.968 billion in 2018. The major factors driving the demand for non-sugar sweeteners are changing eating habits, increasing the prevalence of diabetes, and rising health concerns around the world. Increasing awareness regarding harmful effects of sugar intake such as lowering of cognitive abilities, inflammations, and blood pressure among others, are driving the demand for non-sugar sweeteners. The Asia Pacific held a significant market share in 2018 owing to the growing population and increasing health awareness in the region.
Various macroeconomic factors responsible for the expansion of the global non-sugar sweetener market are increasing disposable income, and up high rate of urbanization are the key factors responsible for the growing adoption and affordability of non-sugar sweeteners. The global non-sugar sweetener market is divided into various segments on the basis of type, application, and geographic regions. However, various factors expected to hinder the non-sugar sweetener growth during the forecast period are high cost and potential of negative health effects.
This research study examines the current market trends related to demand, supply, and sales, in addition to the SWOT Analysis. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.
Major industry players profiled as part of the report are Zydus Wellness, The NutraSweet Company, Cargill, Incorporated, Celanese Corporation, Heartland Food Products Group, and Merisant Company among others.
|Market size value in 2018||US$18.968 billion|
|Market size value in 2024||US$23.639 billion|
|Growth Rate||CAGR of 5.68% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Zydus Wellness, Roquette Freres, The NutraSweet Company, Merisant Company, Cargill, Incorporated, Ajinomoto Co., Inc., PureCircle, Celanese Corporation, A & Z Food Additives Company Limited, Heartland Food Products Group|
|Customization scope||Free report customization with purchase|
The non-sugar sweeteners market has been analyzed through following segments:
Artificial Non-Sugar Sweeteners
Natural Non- Sugar Sweeteners
Middle East and Africa
United Arab Emirates
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the non-sugar sweeteners market?
A1. The non-sugar sweeteners market is anticipated to witness a CAGR of 5.68% over the forecast period.
Q2. What is the size of the global non-sugar sweeteners market?
A2. Non Sugar Sweeteners market was valued at US$18.968 billion in 2018.
Q3. Which region holds the largest market share in the non-sugar sweeteners market?
A3. The Asia Pacific held a significant share in the non-sugar sweeteners market owing to the growing population and increasing health awareness in the region.
Q4. What will be the non-sugar sweeteners market size by 2024?
A4. The global non-sugar sweeteners market is anticipated to reach a total market size of US$23.639 billion by 2024.
Q5. What factors are anticipated to drive the non-sugar sweeteners market growth?
A5. The major factors driving the demand for non-sugar sweeteners are changing eating habits, increasing the prevalence of diabetes, and rising health concerns around the world.
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