Nutritive sweeteners are also known as carbohydrate sweeteners (caloric). Nutritive sweeteners provide a high-quality sweet taste and have an acceptable texture and shape and thus remains a popular sweetener. Fresh fruits are the primary source of Nutritive Sweeteners Market and have a dominant presence in most of the processed foods. Nutritive sweeteners are used to increase the shelf life, improve texture and enrich the flavor of the product. Nutritive sweeteners of comprise sucrose, fructose, corn sugar, high fructose corn syrup, honey, and agave. Nutritive sweeteners may lead to health problem when consumed in excess. However, consumers are conscious about consuming things in moderation and hence consuming an adequate amount of Nutritive Sweetener is no harm.
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The market for Nutritive Sweeteners is anticipated to increase during forecast year, seeing the approach of consumers towards natural products. Also, the unwillingness of consumers to compromise with the taste and their approach towards consuming things in moderation will drive the market of Nutritive Sweeteners. Nutritive Sweeteners are witnessing heaving demand in developing economies and regions due to increasing per capita expenditure on processed food. The increasing demand for processed food and beverages is expected to drive the market for Nutritive Sweeteners over the forecast period.
Surplus demand for processed food opens the door for Nutritive Sweeteners:
With the increase in urbanization the market for processed food is increasing rapidly due to the rise in per capita expenditure of the population. There is a rapid increase in the working population of developing countries resulting in the busy lifestyle. Hence, consumers are opting for comfort foods at a low cost and longer time span of usability, resulting in the growth of the processed food industry. Nutritive Sweeteners are key ingredients in processed food and beverages, hence, they will witness growing demand over the forecast period. Many international brands of food & beverage products are entering or expanding their operations in these price-conscious intact market of developing countries seeing the emerging demands for processed food which will drive the market of Nutritive sweetener.
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Nutritive Sweeteners: Key Players
Examples of some of the market participants in the global Nutritive Sweeteners market identified across the value chain include- Tate & Lyle, Cargill Inc., Showa Sangyo Co., Ltd., COFCO International, Kerry Group Plc, Archer Daniels Midland Company, Bannari Amman Group, Bajaj Hindusthan Ltd., Tereos SA, Wilmar International Limited
Key Product Development of Nutritive Sweetener Market
- In 2016, Archer Daniels Midland Company expanded its grind and finishing capabilities of starches and sweeteners at its corn wet mill facilities in Turkey and Bulgaria to meet the growing demand across the region.
- In July 2017, Raízen Energia S.A., which is a Brazil-based energy company, acquired two sugar mills from Tonon Bioenergia SA, a cultivator, and processor of sugarcane. The objective was to expand its sugar manufacturing business.
Nutritive Sweeteners Market Opportunities:
The developing regions like the Asia Pacific will see a higher demand for processed food due to increasing per capita spending of the population. The increase in the processed food industry in developing economies will be a crucial driver in the growth of the Nutritive Sweetener market due to changing consumption trend of the population. The developed economies, however, will witness increasing demand for Non-Nutritive Sweeteners which are calorie free.
Brief Approach to Research Nutritive Sweeteners Market:
A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
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