Market by Product, Application, and Country | Forecast 2021-2028
The Asia-Pacific market for alternative sweeteners is envisioned to showcase growth in terms of revenue at 4.10% of CAGR during the examined years of 2021-2028.
The countries studied
in this market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of APAC
The growing prevalence of multiple health issues, including obesity and diabetes, has made it essential for people in the region, especially in China and India, to decrease their sugar consumption. As per the US Department of Agriculture, Asia-Pacific accounts for most of the world’s sugar consumption, resulting in high rates of obesity and diabetes levels. This is one of the major factors amplifying the demand for alternative sweeteners, in turn, supporting the growth of the alternative sweeteners market in the APAC region.
China, for instance,
has witnessed a significant rise in the diabetic population, according to the
International Diabetes Federation. Moreover, the diabetic population is
expected to increase significantly in the next few years, as per statistics.
Furthermore, the modernized lifestyle has resulted in less exercise and high
consumption of sugary beverages. Here, the growing awareness of risks relating
to diabetes has encouraged consumers to adopt artificial sweeteners, driving
the alternative sweeteners market’s expansion in China.
Similarly, in India,
consumers are opting for alternative sweeteners due to the rise in awareness of
threats associated with diabetes. Moreover, the country’s diabetic population
is expected to grow at a tremendous pace, which will further boost the demand
for alternative sweeteners. Along with this, the changes in regulations
pertaining to the use of sweeteners in dairy products and biscuits, are further
anticipated to fuel the demand for alternative sweeteners. This will simultaneously
propel India’s alternative sweeteners market on a growth path.
Ajinomoto Co Inc is a
food company engaged in producing seasonings, frozen and processed foods,
beverages, and pharmaceuticals, among others. The company’s wide product
portfolio includes Ajinomoto Aspartame, a low-calorie sweetener. Besides, it
offers its clientele logistics, packaging, and other services. Having R&D
centers across numerous countries, the company has its headquarters located in
Tokyo, Japan.
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VIEW REPORT1. ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON ALTERNATIVE SWEETENERS MARKET
2.2. KEY
INSIGHTS
2.2.1. INCREASE
IN DEMAND FOR HIGH-INTENSITY SWEETENER AS A SUGAR SUBSTITUTE
2.2.2. USAGE
OF SWEETENERS IN FOOD
2.2.3. RISING
SIGNIFICANCE OF PRODUCT LABELLING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. PARTNERSHIPS
& AGREEMENTS
2.6.4. BUSINESS
EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
INCIDENCE OF DIABETES
2.7.2. DEMAND
FOR LOW-CALORIE SWEETENERS
2.8. MARKET
RESTRAINTS
2.8.1. HEALTH
PROBLEMS DUE TO OVERCONSUMPTION
2.8.2. REGULATIONS
ON THE SWEETENERS INDUSTRY
2.8.3. GROWING
CHALLENGES FOR FOOD MANUFACTURERS
2.9. MARKET
OPPORTUNITIES
2.9.1. AWARENESS
REGARDING BENEFITS OF SUGAR ALTERNATIVES
2.9.2. GROWING
FOCUS ON ADVERTISING ACTIVITIES BY MAJOR COMPANIES
3. ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET OUTLOOK - BY PRODUCT
3.1. HIGH-FRUCTOSE
SYRUP
3.2. HIGH-INTENSITY
SWEETENER
3.2.1. SACCHARIN
3.2.2. ASPARTAME
3.2.3. ACESULFAME
POTASSIUM (ACE-K)
3.2.4. SUCRALOSE
3.2.5. NEOTAME
3.2.6. ADVANTAME
3.2.7. STEVIOL
GLYCOSIDES
3.2.8. MONK
FRUIT EXTRACT
3.3. LOW-INTENSITY
SWEETENER
4. ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET OUTLOOK - BY APPLICATION
4.1. FOOD
4.2. BEVERAGE
4.3. OTHER
APPLICATIONS
5. ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. AJINOMOTO
CO INC
6.2. ASSOCIATED
BRITISH FOODS
6.3. ARCHER
DANIELS MIDLAND
6.4. BATORY
FOODS
6.5. CARGILL
INC
6.6. CELANESE
CORPORATION
6.7. DUPONT
NUTRITION & HEALTH
6.8. GLG
LIFE TECH CORPORATION
6.9. HYET
SWEET BV
6.10. HEARTLAND
FOOD PRODUCTS GROUP
6.11. INGREDION
INC
6.12. NATUREX
SA
6.13. PURECIRCLE
LTD
6.14. ROQUETTE
FRERES
6.15. TATE
& LYLE PLC
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
RESEARCH METHODOLOGY
TABLE 1: MARKET
ATTRACTIVENESS INDEX
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
PARTNERSHIPS & AGREEMENTS
TABLE 6: LIST OF
BUSINESS EXPANSIONS
TABLE 7: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2021-2028 (IN $
MILLION)
TABLE 10:
ASIA-PACIFIC ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, 2020 & 2028
FIGURE 3: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY HIGH-FRUCTOSE SYRUP, 2021-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2021-2028 (IN $
MILLION)
FIGURE 5: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2020 & 2028
FIGURE 6: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY SACCHARIN, 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY ASPARTAME, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY ACESULFAME POTASSIUM (ACE-K), 2021-2028 (IN $
MILLION)
FIGURE 9: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY SUCRALOSE, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY NEOTAME, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY ADVANTAME, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY STEVIOL GLYCOSIDES, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY MONK FRUIT EXTRACT, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY LOW-INTENSITY SWEETENER, 2021-2028 (IN $
MILLION)
FIGURE 15: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, 2020 & 2028
FIGURE 16: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY FOOD, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY BEVERAGE, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
ALTERNATIVE SWEETENERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: CHINA
ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: JAPAN
ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: INDIA
ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: SOUTH KOREA
ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: ASEAN
COUNTRIES ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: AUSTRALIA
& NEW ZEALAND ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: REST OF
ASIA-PACIFIC ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)