Artificial sweeteners: key market research findings
- Growing applications in the beverage industry
- Rise in demand among diabetic, overweight people
Technavio has released a new market research report on the artificial sweetener market in the UK, which is expected to grow at a CAGR of around 2% between 2015 and 2019. Rise in the number of obese and overweight people in the country has resulted in the increase in demand for low-calorie foods, thereby fuelling the demand for artificial sweeteners.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Artificial sweeteners are primarily used in the beverage industry. They are used to sweeten diet soft drinks such as diet coke and diet Pepsi. Nowadays artificial sweeteners are being used in dairy products and alcoholic beverages such as Sound Vodka Orange Drink, which contain aspartame. Apart from the diet soft drinks artificial sweeteners are used in a majority of beverages products including juices, hot drinks, and flavored water,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research
The rising demand for natural sweeteners such as stevia and the declining demand for diet soft drinks, which are the primary users of artificial sweeteners, can pose a serious challenge to the growth of the market during the forecast period. Increasing health consciousness among the consumers and the increasing number of obese and diabetic patients is expected to keep the keep the market growing moderately during the forecast period.
The key vendors in the artificial sweetener market in the UK include ABF, Hermes Sweeteners, Merisant Company, Reckitt Benckiser, and Tate & Lyle. Competition in artificial sweeteners is crossing new barriers with the introduction of functional product lines. Artificial sweetener manufacturers need to develop products with new flavors suiting local preferences and health claims. New product types and tastes and an increasing number of health-oriented and functional food and beverage products is prevalent in the UK.
A more detailed analysis is available in the Technavio report, Artificial Sweetener Market in the UK 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Gluten-Free Packaged Food Market 2015-2019
- Frozen Food Packaging Market in the US 2015-2019
- Global Natural Food Colors Market 2015-2019
- Global Food Packaging Market 2015-2019
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