According to a new market report published by Transparency Market Research “Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021”, global alternative sweetener market was valued at USD 11,538.6 million in 2014 and is expected to reach USD 15,466.7 million by 2021, growing at a CAGR of 4.2% from 2015 to 2021. North America dominated the global alternative sweetener market in terms of demand over the forecast period. Further, North America is expected to be the most promising market for alternative sweetener in the near future.
Browse the full Alternative Sweetener Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/alternative-sweetener-market.html
The global alternative sweetener market is primarily driven by rise in demand for healthier low-calorie food and beverages. Furthermore, rising prices of sugar have boosted the growth of the alternative sweetener market. However, the restraining factor of the alternative sweetener market is the food and safety regulations and excess consumption of sugar substitutes which causes certain side effects such as cancer, obesity and cardiovascular diseases among others serious health problems.
The high intensity sweetener (HIS) held the largest market share in 2014. High intensity sweetener is expected to grow at a CAGR of 3.4% from 2015 to 2021. The high fructose syrup (HFS) held the second largest market share of alternative sweetener in 2014, followed by high intensity sweetener. The fastest growing market segment, low intensity sweetener in overall alternative sweetener market is expected to grow at a CAGR of 7.1% over the forecast period.
North America is the market leader for alternative sweetener, growing at a CAGR of 3.6% from 2015 to 2021. Asia Pacific is the other major region where alternative sweetener sales are very high and the region is...