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Thursday, December 23, 2021

Asia Pacific Natural Sweeteners Market To Be Driven By Growing Health Concerns Among Consumers In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Asia Pacific Natural Sweeteners Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Asia Pacific natural sweeteners market, assessing the market based on its segments like intensity, type, application, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 520.32 million (Global Stevia Market)
  • Forecast CAGR (2022-2027): 8.4% (Global Stevia Market)
  • Forecast Market Size (2026): USD 844.20 million (Global Stevia Market)

The Asia Pacific region leads the globe in stevia production with over 87 percent of total stevia production. China is the region’s leading stevia producer, accounting for roughly 91 percent of the region’s total stevia production. It has a large customer base that adds to its domestic market. Japan is one of the largest stevia consumers in the world. In Japan, stevia accounts for over 40% of the entire sweetener market share. Stevia is an intense natural sweetener and is thus commonly used in popular soft drinks like Pepsi True and Coca-Cola Life, as well as baked goods, sweets, and other culinary products.

Industry Definition and Major Segments

A natural occurring sweetener found in plants and other sources is called natural sweetener. It is not manufactured in a lab. Natural sweeteners are metabolised and changed as they transit through the body. They also contain calories and nutrients. Agave nectar, brown rice syrup, date sugar, honey, maple syrup, molasses and blackstrap molasses, sorghum syrup, and stevia are just a few of the ingredients.

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On the basis of intensity, the market is segmented into:

Based on type, the market is divided into:

The major applications include:

On the basis of distribution channels, the market is segmented into:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Retail Stores
  • Online Retailers
  • Others

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The major regions include:

  • China
  • Japan
  • India
  • Korea
  • Others

Market Trends

The Asia Pacific natural sweeteners market is being propelled by customer concerns about their health, which has resulted in a higher demand for healthier products. The demand for low-sugar, low-calorie beverages has increased as customers have become more health-conscious. As a result, companies are turning to low-calorie, high-efficiency sugar substitutes like stevia, propelling the Asia Pacific natural sweeteners market forward. The region’s food and beverage businesses are thriving, which is helping the Asia Pacific natural sweeteners market flourish as well. To fulfil the increased demand for healthier products, corporations are favoring natural sweeteners over artificial sweeteners. Steviol glycosides are now found in over 5,000 foods and beverages (an active compound of stevia). They have the potential to replace around 30% of all dietary sweeteners in the coming years, according to some studies.

Key Market Players

The major players in the market are PureCircle, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, SteviaPac Food Innovation, Layn Corporate, Zhucheng HaoTian Pharm Co.,Ltd, Sunwin Stevia International, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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