According to Technavio’s latest market research study, the global tabletop and sachet sweeteners market is expected to grow at a CAGR of close to 9% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global tabletop and sachet sweetener market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Global jar and pouch format of tabletop and sachet sweeteners market: The significant growth rate and revenue of the jar and pouch segment is attributable to the fact that sweeteners in the jar and pouch format are used by both businesses and individuals. Increased health consciousness among consumers across the globe is propelling the preference for sweeteners over sugar. Technavio’s industry analysts project the global jar and pouch format sweeteners market to register growth at a CAGR of around 48%, in terms of revenue, by 2021.
“Table top sweeteners in the jar and pouch format are the most common type of sweetener formats that individual customers purchase. Jar and pouch type sweeteners are available in multiple sizes owing to different weights, making their use convenient and subsequently propelling its adoption,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global sachet and sticks format of tabletop and sachet sweeteners market: The sachet and stick format of tabletop and sachet sweeteners is primarily traded between business entities. There are many vendors in the food and beverage industry, such as Cafe Coffee Day and Starbucks, that purchase sweeteners in the form of sachets and sticks from manufacturers, and then sell them to their end-customers. The global sachet and sticks format of tabletop and sachet sweeteners market is expected to account for a revenue of more than USD 2 billion by the end of the forecast period.
Global cube format of tabletop and sachet sweeteners market: The cube format held the smallest share in the global tabletop and sachet sweeteners market during 2016 as it is in the introductory stage of their lifecycle, which limits its penetration in in the developing, underdeveloped, and developed economies. The introduction of natural sweeteners, which are cheaper to produce and healthy, in the coming years is anticipated to drive further growth of the global cube format of tabletop and sachet sweeteners market in the coming years.
The top vendors operating in the global sachet sweeteners market are:
- AJINOMOTO
- Cargill
- PureCircle
- ROQUETTE
- Tate & Lyle
Other prominent vendors in the market include Cumberland Packing, DOMINO FOODS, GLG Leading Life Technologies, Heartland Food Products Group, Hermesetas, Merisant, NUTRASTEVIA, Stevia First, SteviaOne, Sunwin Stevia International, and Wholesome!
A more detailed analysis is available in the Technavio report titled, ‘Global Tabletop and Sachet Sweeteners Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Pumpkin Seeds Market 2017-2021
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