North America Artificial sweetener Market size, share, Growth analysis
The world North America Artificial sweetener market size was worth at USD xx billion in 2018 and estimated to growing at a CAGR of xx%, to reach USD xx billion by 2023.
North America Artificial sweetener Market Overview:
Artificial sweeteners are sugar substitutes that are produced synthetically and have a sweet taste. All artificial sweeteners are not created equally. Food & Drug Administrative and European Food Safety Authority (EFSA) has approved only five artificial sweeteners, and they are saccharin, acesulfame, aspartame, neotame, and sucralose. Sugar-free food is very much favorite due to their less calorie content and properties. Hence, the food industry uses several artificial sweeteners that are low in calorie content instead of high-calorie sugar. Presently, they are employed as alternatives for sugars as it maintains low blood sugar levels, and they are broadly used in processed foods such as powdered drink mixes, jam & jellies, and other similar products.
North America Artificial sweetener Market drivers and restraints:
The world artificial sweetener market is growing owing to the rising awareness and health consciousness among individuals that results in the demand for low-calorie sugar alternatives and sugar-free products. Also, health concerns, harmful effects of table sugar, and growing prevalence of lifestyle diseases, like heart diseases and diabetes have driven people to opt for healthy alternatives as artificial sweeteners. Moreover, this market has several factors to pose major challenges for the growth of the world artificial sweeteners market.
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Report segmented as:
By type:
• Aspartame
• acesulfame-k
• saccharin
• sodium benzoate
• others
By application:
• bakery products
• dairy products
• beverages
By distribution channel:
• supermarkets
• departmental stores
• convenience stores
• others
Geographical analysis of North America Artificial sweetener Market:
The Asia Pacific is estimated to have high growth rate owing to population expansion together with an increase in per capita disposable income, especially in countries such as China and India are anticipated to drive demand in Asia Pacific region. Europe is estimated to have a steady growth in the food and beverages market. Growth for artificial sweeteners has been analyzed across North America, Europe, and Latin America & Middle East & Africa.
Important key players of North America Artificial sweetener market:
Some of the major key players in world artificial sweetener market are Roquette, Ajinomoto Co., Inc., JK Sucralose, McNeil Nutritionals, NutraSweet Property Holdings, Inc., Hermes Sweeteners Ltd., MORITA KAGAKU KOGYO CO., LTD., PureCircle, Sunwin Stevia International, Inc., and Zydus Wellness Ltd, among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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