Food Sweetener Market in Europe 2018-2023: A $13 Billion Market Opportunity - ResearchAndMarkets.com
May. 16, 2018
DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Europe Food Sweetener Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In 2016, the global market for food sweeteners was valued at USD 78 billion. It is expected to increase at a CAGR of 3.4% to reach nearly USD 112 billion during the forecast period of 2018-2023.
The European food sweetener market is forecasted to grow at a CAGR of 1.7% to reach USD 13 billion by 2023, from an estimated market value of nearly USD 11.5 billion in 2017.
Europe accounts for the third largest market for bulk sweeteners after America, with a global market share of around 17%. The high consumption and production of bakery and confectionery products in Europe have increased its application market. Russia holds the major share in the region, followed by the Germany (as per sweetener consumption).
The sweetener market is segmented into bulk sweeteners and sugar substitutes. The growth in the sugar substitutes market is due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients, which is resulting in growth in this category. Although presently sugar substitutes do not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people. Aspartame and sucralose are the most famous sweeteners in the HIS (High Intensity Sweeteners) segment. Stevia is also seeing high demand in the natural sweeteners category.
In 2011, the European Regulation granted the authorization for the use of steviol glycoside in specified food products, which augmented the sweetener market. The growing consumer trends towards natural ingredients and clean label solution in Europe have driven the natural sweetener market. Increased alcohol production in Europe is the biggest factor for sugar and sweetener consumption.
Key DevelopmentsNovember 2017 - Coca-Cola will launch stevia-sweetened soda in a small market outside of the United States in the first half of 2018. January 2017 - Partners Evolva and Cargill Inc. are planning to launch EverSweet fermented stevia in 2018 as a strategy to maintain their first mover advantage in the next generation stevia market. October 2016 - Cargill Inc. launched non-GMO sweeteners and sunflower oil.
Companies MentionedArcher Daniels Midland (ADM) Australian Stevia Mills Associated British Foods A&Z Food Additives Co. Ltd. Cargill Inc. Corbion Purac Celanese Corporation Corn Products International Danisco DSM Fraken Biochem JK Sucralose Inc. Stevia First Corporation
Key Topics Covered
2. Key Findings
3. Market Overview & Dynamics
4. Market Segmentation
5. Competitive Landscape Overview
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5pvbkq/food_sweetener?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005968/en/
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Related Topics:Sugar and Sweeteners ,Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 05/16/2018 10:58 AM/DISC: 05/16/2018 10:58 AM