Excess sugar consumption often heightens the chances of acquiring diabetes. Moreover, soaring concerns regarding obesity seem to fuel the risk of various chronic ailments, such as cancers, cardiovascular disorders, osteoporosis, anemia, and immune deficiency, besides diabetes. While high sugar intake is among the key reasons for an imbalanced blood glucose-insulin level, it may further lead to the onset of type 2 diabetes.
Growing consumer awareness about the ill-effects of high sugar consumption and increasing consciousness about preventing the aforementioned health conditions in the long run collectively favor the demand for sugar-free products in the global market. Artificial sweeteners are not new and have been promoted and consumed since the past few decades. A growing consumer base adopting low-sugar diets is observed to predominantly propel the demand for artificial sweeteners on a global level. With a soaring consumer population inclining toward a healthy lifestyle, the global artificial sweeteners market is anticipated to follow a healthy growth pattern in next few years.
A recent report published by Future Market Insights examines the global artificial sweeteners market over a nine-year assessment period 2017-2026. A market research analyst involved in this extensive study addresses the key queries in order to highlight key market dynamics, key regional markets, upcoming opportunities for established and emerging manufacturers, and important trends impacting the global market for artificial sweeteners.
How would you define the possible growth pattern of the global artificial sweeteners market within the forecast period?
To be precise, steady. The global market for artificial sweeteners is foreseen to follow a stable growth pattern throughout the forecast period. Our study expects the market to reach beyond the revenues worth US$ 19.0 Bn by 2026 end. The report estimates the market to thrive at a promising CAGR of 4.7%.
What factors according to you pose an impact on overall growth of the global artificial sweeteners market?
Pronounced prevalence of obesity and diabetes remain the key factors driving the demand for artificial sweeteners. Consumers are increasingly embracing healthy dietary practices, in turn pushing the demand further. In addition, growing need for weight management is being addressed with the help of diet management that prominently focuses on low-sugar consumption. This factor will also play a key role in propelling demand for artificial sweeteners in global market.
How do manufacturers conceive growing demand for sugar-free products? Are they significant enough to contribute to market growth?
Yes, absolutely. Key companies operating in the global market for artificial sweeteners are constantly adapting to changing trends and capitalizing on each new opportunity. In a bid to appeal to health conscious consumers, food and beverage manufacturers are focusing more on innovating sugar-free, low-sugar, or artificially sweetened products. A rising trend of luring consumers with a range of diabetic-friendly, low-fat, and sugar-free products is expected to bring in hefty revenues to market.
Is the market likely to encounter with challenges that may hamper market in terms of growth?
Yes, there are certain factors that strongly limit the growth of market in next few years. Soft drinks constitute a major revenue generating segment in the global artificial sweeteners market. However, a considerably large health conscious consumer base is rapidly turning to beverages other than soft drinks, maybe fresh fruit juices. North America and Europe have already been witnessing falling sales of soft drinks since the recent past. Shift in consumer behavior is posing a major challenge to market growth. Recently, a few of the popular sweetening agents are identified to possess carcinogenic properties, which is expected to cause a consequent decline in the market.
Where do you think the maximum revenue generating opportunities lie?
In food and beverages industry, quite certainly. According to our research, the food and beverages end-use segment was evaluated at US$ 9.0 Bn in 2017, which is estimated to record massive growth by 2026 end. Beverage manufacturing will especially gain higher traction, individually registering a value worth US$ 4.0 Bn by the end of 2026. Following food and beverages sector, the market will experience impressive growth in pharmaceuticals domain.
Which companies across the world top the list when it comes to revenue contribution to the global artificial sweeteners market?
There are a number of players operating in the global market for artificial sweeteners. A few of the top companies include Tate & Lyle PLC, MacAndrews & Forbes Incorporated, DuPont, Niutang Chemical Ltd., Ajinomoto Co., Inc., Cargill, Incorporated, Symrise AG, Archer Daniels Midland Company, Associated British Foods PLC, Nestlé S.A., Ingredion Incorporated, Wilmar International Limited, American Sugar Refining, Inc., and Roquette Frères.
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