United States Leads the US$5.3 Billion Global Artificial Sweeteners Market, According to a New Report by Global Industry Analysts, Inc.
Social and health concerns about obesity shoved the market growth for artificial sweeteners in most parts of the world, specifically the US and Europe. The combined market share of North America and Europe is more than 65% of the US$5.3 billion global artificial sweeteners market.
San Jose, CA (PRWEB) July 25, 2007
New age beverages, dairy products, salad dressings and salty snack foods represent the fastest expanding markets for the sugar substitutes industry, however from smaller bases. Beverages, notably diet soft drinks will continue to remain the principal market for artificial sweeteners. Global artificial sweeteners market (http://www. strategyr. com/MCP-1586.asp) is growing at a compounded annual rate of 3.7%, as stated in a recent report published by Global Industry Analysts, Inc.
Worldwide market for artificial sweeteners will be stimulated by weight reduction efforts, attempts to develop foods for diabetic patients, growing number of people trying to cut sugar intake, worries over dental caries, ever-increasing product introductions in the diet food & beverage category such as diet drinks, diet candies, diet gums, and diet ice cream. Aspartame based artificial sweeteners market (http://www. strategyr. com/MCP-1586.asp) worldwide is likely to cross the US$3 billion mark in 2008. Market for saccharin artificial sweeteners (http://www. strategyr. com/MCP-1586.asp) is declining as usage of saccharin is considered harmful. According to a 1960 study, high doses of saccharin caused bladder cancer in laboratory rats. The sweetener was banned in Canada in 1977. However, various studies were conducted on saccharin during 1977-1991, which revoked a law that required saccharin based products to carry statutory-warning labels. Saccharin is approved for use in over 90 nations, while most countries permit the use of saccharin at a restricted level, some others have completely banned it. Global market for sucralose artificial sweeteners (http://www. strategyr. com/MCP-1586.asp) is projected to grow fastest, registering a CAGR of close to 10%.
The FDA has presently approved five artificial sweeteners - Sucralose, Saccharin, Aspartame, Acesulfame K and Neotame and is reviewing two other low-calorie sweetener including alitame and cyclamate for consumer use. Aspartame represents the largest market for artificial sweeteners, accounting for nearly 50% of the global share. Introduction of any new low-calorie sweeteners in the market would result in increased competitiveness, price erosion and distributed customers.
Major players in the market include Nutrasweet, Tate & Lyle, Nutrinova, Merisant, McNeil Nutritionals, Danisco, Spherix and Imperial Sugar.
"Artificial Sweeteners: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides comprehensive analytics for the US, Canada, France, Germany, Italy, the UK, Spain, Asia-Pacific, Latin America and Rest of World. Major product segments analyzed include Aspartame, Acesulfame Potassium, Saccharin, and Sucralose.
For more details about this research report, please visit http://www. strategyr. com/MCP-1586.asp (http://www. strategyr. com/MCP-1586.asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyR. com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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