ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET FORECAST 2021-2028

ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET FORECAST 2021-2028

  • February 2021 •
  • 127 pages •
  • Report ID: 6021754 •
  • Format: PDF
KEY FINDINGS
The Asia Pacific alternative sweeteners market is evaluated to record a CAGR of 3.85%, over the studied period of 2021 to 2028. The region’s market growth is driven by factors such as, the rising demand for flavored dairy products, the increasing incidence of health-related problems like diabetes, hypertension, dental damage, and obesity, and the incorporation of sugar taxes on products.

MARKET INSIGHTS
The Asia Pacific alternative sweeteners market growth is analyzed by evaluating India, Thailand, Japan, Australia & New Zealand, Vietnam, China, South Korea, Indonesia, and the rest of the Asia Pacific.Diabetes is a rising public health challenge in Thailand.

With one in 13 adult Thais suffering from diabetes, the lifelong disease increases the risk of strokes and heart attacks, at an early age, resulting in premature death.Over time, diabetes can cause damage to the eyes, blood vessels of the heart, nerves, and kidneys.

The condition also aggravates the impact of diseases like HIV/AIDS, malaria, and tuberculosis. This changes the population’s culinary preferences, inclining them more towards low-calorie sugar alternatives.
On the other hand, Vietnam’s market is mainly fueled by the augmenting economy, and steady economic conditions.This factor has led to a rise in disposable income, as well as spending patterns.

The increased demand for natural and non-calorie sweeteners, coupled with the growing demand for sweeteners across several applications, including processed food and beverages from developing economies, are among the key factors augmenting the market. Therefore, these factors are projected to fuel the region’s market growth over the forecast period.

COMPETITIVE INSIGHTS
Leading firms operating in the market are, Purecircle Ltd, Ajinomoto Co Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. AJINOMOTO CO INC
2. ARCHER DANIELS MIDLAND COMPANY
3. CARGILL INC
4. DUPONT NUTRITION & HEALTH
5. GLG LIFE TECH CORPORATION
6. INGREDION INC
7. NATUREX SA
8. TATE & LYLE PLC
9. PURECIRCLE LTD
10. ASSOCIATED BRITISH FOODS PLC
11. ROQUETTE FRERES
12. BATORY FOODS INC
13. CELANESE CORPORATION
14. HYET SWEET BV
15. HEARTLAND FOOD PRODUCTS GROUP