Infinium Global Research Alternative Sweeteners Market | Page 8

Alternative Sweeteners Market: Global Industry Analysis, Trends, Market Size and Forecasts
up to 2023
this market. The primary interviews not only help identify the market size of the alternative
sweeteners market but also identify the factors that promote the growth in the market and
the factors that restrain the growth in this market. The views of primary respondents were
reconciled to provide qualitative analysis of the alternative sweeteners market. The primary
respondents also help identifying top 5-10 players and their possible market share in the
respective country markets and in world market. The bottom-up approach is used to
validate the global market size of alternative sweeteners. With the help of primary
interviews and secondary research the market size of alternative sweeteners is determined
for each country studied, which then is added to arrive at regional market size and there by
obtaining global market size. This in turn helps us to validate the market size of alternative
sweeteners in the world market.
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Executive Summary
Global Alternative Sweeteners Market Highlights, (USD Million)
The global alternative sweeteners market is expected to grow at a CAGR of 3.0% between
2015 and 2023 in terms of value. The demand for alternative sweeteners is increased due
to over consumption of sugar in regular diet has led to health concerns. Rising occurrences
of diabetes and obesity are inspiring people to shift to low or zero calories alternates, which
is a key factor in the development of non- nutritive sweeteners. In addition, rise in sugar
prices is likely to boost the growth of the market. Increase in adoption of alternative
sweeteners in multiple applications such as alcoholic beverage, bakery and confectionery,
non- alcoholic beverage, snacks, and others is also motivating the growth of the market.
However, high costs associated with the manufacturing of these sweeteners are likely to
hamper the demand of alternative sweeteners in the market. Moreover, the food
manufacturing and processing companies are focusing on the use of low calories and sugar
free alternative for their productions are projected to create several opportunities for
alternative sweeteners market over the forecast period.
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