(Food-Beverage-News.Com, February 09, 2017 ) According to the Europe Sugar Substitutes market has been estimated at USD 3.66 Billion in 2016 and is projected to reach USD 4.47 Billion by 2021, at a CAGR of 4.10% during the forecast period from 2016 to 2021.
The market for Sugar substitutes is mainly driven due to increasing incorporation of sugar substitutes in the health & personal care industries, rising prevalence of health problems related to sugar consumption, and increasing consumer awareness regarding health. But, the market growth can be hampered due to stringent regulatory framework, and stringent quality criteria complying with the international quality standards.
Europe market for Sugar Substitutes is segmented based on type, composition, and application. By type, the market is further sub-segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. By composition, the market is further sub-segmented into Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol. By application, the market is further sub-segmented into heath & personal care, beverages, food (confectionery, bakery, dairy, and frozen foods). High-intensity sweeteners account for a highest market share and is expected to grow at a CAGR. Its attributes such as cost reduction and appropriate blending with food & beverages to enhance the taste are anticipated to propel the demand in near future. Food segment has the fastest growth, owing to increasing awareness and changing consumer patterns for low-calorie food products.
Geographically, Europe market for Sugar Substitutes is segmented into Germany, Spain, U.K., France and Italy. Europe is the second biggest market in terms of market share across the globe. The market in these regions is quite mature due to rising prevalence of diabetes and obesity, and growing consumer demand for sugar substitutes.
Cargill Incorporated, Tate & Lyle PLC, E. I. du Pont de Nemours and Company, Roquette Freres S.A., PureCircle Ltd., Ajinomoto Co. Inc., Archer Daniels Midland Company, MacAndrews & Forbes Incorporated, Ingredion Incorporation, and JK Sucralose Incorporation, are the major players of Europe Sugar Substitutes market.
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