Artificial Sweetener Market Research Study In Brief
The business intelligence study for the Artificial Sweetener market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.
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Additionally, the Artificial Sweetener market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Artificial Sweetener market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe.
Fact MR’s latest report on the artificial sweetener market reveals vital aspects evolving a pacesetters pushing growth of the global market landscape. Growing consumption of low-calorie food varieties, diet carbonated soft drinks, and sugar substitutes have been cited as key growth levers of artificial sweetener market. The research study tracks the broader trends in artificial sweetener market, while focusing specifically on high-intensity artificial sweeteners. The report estimates the market valuation to approach US$ 1,816 Mn by 2018-end, taking a positive leap from US$ 1,768.5 Mn in 2017.
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Demand for Low Calorie Versions with Satisfactory Taste Attributes Push Growth
A combination of evolving dietary patterns to reduce obesity and significant shift in consumption preferences has been studied in the report, which is responsible for spurring the adoption of high intensity artificial sweetener. The report also outlines the growing adoption of high intensity sweetener in case of oral care products, owing to its ‘non-cariogenic’ nature i.e. it doesn’t cause cavities.
The rising preferences for low calorie content and minimal compromises with taste attributes is predominantly spurring sales of aspartame, with an anticipated US$ 616 Mn opportunity to emerge by 2018-end. As per the report, the consumption of high intensity artificial sweetener in powdered form is likely to be an all-time-high, consumption in the form of tablets is witnessing impressive growth.
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The report estimates that beverage, with burgeoning popularity of low calorie drinks, remains the largest and most promising end user application, with an estimated valuation of around US$ 1,079 Mn by 2018-end. Bakery and confectionery remain the second-largest end user application segment, with a wide range of products incorporating use of high intensity artificial sweetener as a part of their ingredient base.
“Another positive aspect associated is the manufacturing cost of high intensity artificial sweetener, which relatively is less as compared to that of sugar. This, in turn is likely to offer a pool of advantages for the manufacturers and stakeholders of the market”, Senior Analyst, Fact.MR
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The Fact.MR research study outlines the growth of high intensity artificial sweetener market for the period of 2018-2027. As per the report, the market is likely to expand at a CAGR of 3% over the forecast timeline.
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