“This report analyzes the sugar substitutes market, in terms of region, type, application, and composition, in terms of value (USD million) and volume (KT).
The sugar substitutes market has been growing over the last few years and this trend is projected to continue until 2020. The primary factor driving the global success of sugar substitutes is the increased adoption of sugar substitutes in the food, beverages, and health & personal care industries. There is an increase in the use of sugar substitutes, globally, especially in the Asia-Pacific and European regions. This increasing trend reflects the economic development, increase in the purchasing power of consumers, and increase in the marketing and branding of different varieties of sugar substitute products.
On the basis of type, the market is segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. The sugar substitutes market is also segmented by composition into HIS – Stevia, Aspertame, Cyclamate, Sucralose, Saccharin, Ace-K; LIS- D-Tagatose, Sorbitol, Maltitol, Xylitol, Mannitol, Erythritol. By application into beverages, food (confectionery, bakery, dairy & frozen foods), and heath & personal care. The market is also segmented on the basis of region, into North America, Europe, Asia-Pacific, and the Rest of the World (RoW); this has been further segmented on the basis of their key countries.
The high-intensity sweeteners segment led the sugar substitutes market in terms of value, whereas high-fructose syrup was the most used sugar substitute type, by volume. The demand for sugar substitutes incorporated in beverages was 8,486.9 KT in 2014. Low-intensity sweeteners segment is expected to be the fastest-growing, in terms of both, value as well as volume.
The market for sugar substitutes is projected to reach USD 16.53 billion by 2020, at a CAGR of 4.5%. Increasing incorporation of innovative sugar substitute products and key companies focusing on expanding their global presence through new product developments and launches are the two main factors that are driving the sugar substitutes market. The North American region dominated the sugar substitutes market in 2014.
This report provides qualitative and quantitative analyses of the market for sugar substitutes. It includes market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the sugar substitutes market, and tis restraints. The report also studies the opportunities in the market for new entrants.
Leading players such as Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Purecircle Ltd.(Malaysia), and E. I. du Pont de Nemours and Company (U.S.) have been profiled in the report.
Reasons to buy this report:
• To get a comprehensive overview of the global sugar substitutes market
• To gain information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights of the major countries/regions in which the sugar substitutes industry is growing
”
“TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 18
1.3 STUDY SCOPE 18
1.3.1 YEARS CONSIDERED 19
1.4 CURRENCY 19
1.5 STAKEHOLDERS 19
1.6 LIMITATIONS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Breakdown of primaries 23
2.2 FACTOR ANALYSIS 23
2.2.1 INTRODUCTION 23
2.2.2 DEMAND-SIDE ANALYSIS 24
2.2.2.1 Functional food industry 25
2.2.2.1.1 Key segments in food sector 25
2.2.2.2 Developing economies with higher GDP (PPP) to influence the sugar substitutes market 26
2.2.2.3 Growing middle income population, 2009–2030 26
2.2.3 SUPPLY-SIDE ANALYSIS 27
2.2.3.1 Price trends & Consumption volumes of sugar & sweeteners 27
2.3 MARKET SIZE ESTIMATION 29
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 31
2.5 MARKET SHARE ESTIMATION 31
2.6 RESEARCH ASSUMPTIONS 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE OPPORTUNITIES IN SUGAR SUBSTITUTES MARKET 38
4.2 BEVERAGES TO BE MOST-CONSUMED APPLICATION FOR SUGAR SUBSTITUTES,
2014-2020 (KT) 39
4.3 HIGH-INTENSITY SWEETENERS MOST PREFERRED TYPE OF SUGAR SUBSTITUTES 40
4.4 U.S. TO DOMINATE THE SUGAR SUBSTITUTES MARKET 41
4.5 SUGAR SUBSTITUTES MARKET: COUNTRY-LEVEL MARKET LEADERS 42
4.6 ASPARTAME ACCOUNTED FOR THE LARGEST IN THE HIS SEGMENT FOR THE SUGAR SUBSTITUTES MARKET IN 2014 42
4.7 SUGAR SUBSTITUTES MARKET: LIFE CYCLE ANALYSIS, BY REGION 43
5 INDUSTRY TRENDS 44
5.1 INTRODUCTION 44
5.2 VALUE CHAIN ANALYSIS 45
5.3 SUPPLY CHAIN 46
5.4 INDUSTRY INSIGHTS 47
5.5 PORTER’S FIVE FORCES ANALYSIS 48
5.5.1 THREAT OF NEW ENTRANTS 48
5.5.2 THREAT OF SUBSTITUTES 48
5.5.3 BARGAINING POWER OF SUPPLIERS 49
5.5.4 BARGAINING POWER OF BUYERS 49
5.5.5 INTENSITY OF COMPETITIVE RIVALRY 49
5.6 PEST ANALYSIS 49
5.6.1 POLITICAL/LEGAL FACTORS 49
5.6.1.1 Stringent international regulations over sugar substitutes 49
5.6.2 ECONOMIC FACTORS 52
5.6.2.1 Fluctuations in price and supply of regular sugar 52
5.6.3 SOCIAL FACTORS 53
5.6.3.1 Consumer acceptance of sugar substitutes over regular sugar 53
5.6.4 TECHNOLOGICAL FACTORS 53
5.6.4.1 Difficulties in aligning the sources, technologies, and quality standards during new product development and production 53
5.7 STRATEGIC BENCHMARKING 54
5.7.1 STRATEGIC ACQUISITIONS, NEW PRODUCT LAUNCHES, INVESTMENTS & EXPANSIONS: KEY STRATEGIES ADOPTED BY LEADING COMPANIES IN GLOBAL SUGAR SUBSTITUTES MARKET 54
6 MARKET OVERVIEW 56
6.1 INTRODUCTION 57
6.1.1 EVOLUTION OF SUGAR SUBSTITUTES 57
6.2 SUGAR SUBSTITUTES MARKET SEGMENTATION 58
6.2.1 SUGAR SUBSTITUTES MARKET, BY TYPE 58
6.2.2 SUGAR SUBSTITUTES MARKET, BY COMPOSITION 59
6.2.2.1 High-intensity sweeteners 59
6.2.2.1.1 Stevia 59
6.2.2.1.2 Aspertame 59
6.2.2.1.3 Cyclamate 60
6.2.2.1.4 Sucralose 60
6.2.2.1.5 Saccharin 60
6.2.2.1.6 Ace-K 60
6.2.2.1.7 Other HIS 60
6.2.2.2 Low-intensity sweeteners 60
6.2.2.2.1 D-Tagatose 60
6.2.2.2.2 Sorbitol 60
6.2.2.2.3 Maltitol 61
6.2.2.2.4 Xylitol 61
6.2.2.2.5 Mannitol 61
6.2.2.2.6 Erythritol 61
6.2.2.2.7 Other LIS 61
6.2.3 SUGAR SUBSTITUTES MARKET, BY APPLICATION 61
6.3 MARKET DYNAMICS 63
6.3.1 DRIVERS 64
6.3.1.1 Consumer preference for low-calorie and healthier foods 64
6.3.1.2 Increasing health problems due to consumption of sugar 64
6.3.1.3 Increasing demand for natural sweeteners due to consumer inclination towards natural products 64
6.3.1.4 Demand from food and beverages industries 64
6.3.1.5 Fluctuations in price and supply of sugar creating opportunities for sugar substitutes 65
6.3.2 RESTRAINTS 65
6.3.2.1 Adherence to international quality standards and regulations for sugar substitute products 65
6.3.2.2 Ambiguity whether consumption of sugar substitutes causes health problems or not 65
6.3.3 OPPORTUNITIES 66
6.3.3.1 Consumer demand for the natural sugar substitute products 66
6.3.3.2 Blending sugar substitutes with probiotic & prebiotic products 66
6.3.3.3 Research & development of new but safer products 66
6.3.4 CHALLENGES 67
6.3.4.1 Product labelling and claims issues 67
6.3.4.2 Patent infringement and health issues related to sugar substitutes 68
7 SUGAR SUBSTITUTES MARKET, BY TYPE 69
7.1 INTRODUCTION 70
7.2 HIGH-FRUCTOSE SYRUP 71
7.3 HIGH-INTENSITY SWEETENERS 72
7.4 LOW-INTENSITY SWEETENERS 74
8 SUGAR SUBSTITUTES MARKET, BY COMPOSITION 76
8.1 HIGH-INTENSITY SWEETENERS 77
8.1.1 STEVIA 78
8.1.2 ASPERTAME 79
8.1.3 CYCLAMATE 80
8.1.4 SUCRALOSE 81
8.1.5 SACCHARIN 82
8.1.6 ACE-K 83
8.1.7 OTHER HIS 84
8.2 LOW-INTENSITY SWEETENERS 85
8.2.1 D-TAGTOSE 87
8.2.2 SORBITOL 88
8.2.3 MALTITOL 89
8.2.4 XYLITOL 90
8.2.5 MANNITOL 91
8.2.6 EYTHRITOL 92
8.2.7 OTHER LIS 93
9 SUGAR SUBSTITUTES, BY APPLICATION 94
9.1 INTRODUCTION 95
9.1.1 FOOD 97
9.1.1.1 Food application, by product 98
9.1.1.2 Confectionery 99
9.1.1.3 Bakery 99
9.1.1.4 Dairy & frozen foods 100
9.1.1.5 Others 101
9.1.2 BEVERAGES 101
9.1.3 HEALTH & PERSONAL CARE 103
10 SUGAR SUBSTITUTES MARKET, BY REGION 104
10.1 INTRODUCTION 105
10.2 NORTH AMERICA 107
10.2.1 U.S. 107
10.2.2 CANADA 107
10.2.3 MEXICO 107
10.3 EUROPE 114
10.3.1 U.K. 114
10.3.2 FRANCE 114
10.3.3 GERMANY 114
10.3.4 REST OF EUROPE 114
10.4 ASIA-PACIFIC 121
10.4.1 JAPAN 121
10.4.2 CHINA 121
10.4.3 INDIA 122
10.4.4 REST OF ASIA-PACIFIC 122
10.5 REST OF THE WORLD (ROW) 129
10.5.1 BRAZIL 129
10.5.2 ARGENTINA 129
10.5.3 OTHERS ROW COUNTRIES 129
11 COMPETITIVE LANDSCAPE 134
11.1 OVERVIEW 134
11.2 MARKET SHARE ANALYSIS OF SUGAR SUBSTITUTES MARKET 135
11.3 COMPETITIVE SITUATIONS & TRENDS FOR SUGAR SUBSTITUTES MARKET 136
11.3.1 NEW PRODUCT DEVELOPMENTS 137
11.3.2 EXPANSIONS & INVESTMENTS 138
11.3.3 AGREEMENTS & JOINT VENTURES 139
11.3.4 ACQUISITIONS & MERGERS 140
12 COMPANY PROFILES 141
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 INTRODUCTION 141
12.2 TATE & LYLE PLC 142
12.3 CARGILL, INCORPORATED 145
12.4 PURECIRCLE LTD 149
12.5 ROQUETTE FRÈRES 152
12.6 E. I. DUPONT DE NEMOURS AND COMPANY 155
12.7 ARCHER DANIELS MIDLAND COMPANY 158
12.8 AJINOMOTO CO. INC. 161
12.9 INGREDION INCORPORATED 163
12.10 MACANDREWS & FORBES HOLDINGS INC (MERISANT) 165
12.11 JK SUCRALOSE INC. 167
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
13 APPENDIX 168
13.1 INSIGHTS OF INDUSTRY EXPERTS 168
13.2 DISCUSSION GUIDE 169
13.3 COMPANY DEVELOPMENTS 171
13.3.1 NEW PRODUCT LAUNCHES/DEVELOPMENTS 171
13.3.2 EXPANSIONS & INVESTMENTS 172
13.4 INTRODUCING RT: REAL-TIME INTELLIGENECE 173
13.5 AVAILABLE CUSTOMIZATIONS 174
13.6 RELATED REPORTS 174
“
“LIST OF TABLES
TABLE 1 INDUSTRY INSIGHTS: LEADING TRENDS AMONG KEY PLAYERS 47
TABLE 2 NON-NUTRITIVE SWEETENERS: MAXIMUM USAGE LEVEL 51
TABLE 3 FACTORS IMPACTING SUGAR PRICES 52
TABLE 4 LIST OF SOME APPROVED NON-NUTRITIVE SWEETENERS USED COMMONLY 59
TABLE 5 APPLICATIONS OF SUCRALOSE 62
TABLE 6 SUGAR SUBSTITUTES IN BEVERAGES 62
TABLE 7 CANADIAN FOOD LABELLING REGULATIONS 67
TABLE 8 SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 70
TABLE 9 SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013–2020 (KT) 71
TABLE 10 HIGH-FRUCTOSE SYRUP MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 71
TABLE 11 HIGH-FRUCTOSE SYRUP MARKET SIZE, BY REGION, 2013–2020 (KT) 72
TABLE 12 HIGH-INTENSITY SWEETENERS: SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 72
TABLE 13 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY REGION, 2013–2020 (KT) 73
TABLE 14 LOW-INTENSITY SWEETENERS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 74
TABLE 15 LOW-INTENSITY SWEETENERS MARKET SIZE, BY REGION, 2013–2020 (KT) 74
TABLE 16 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION,
2013–2020 (USD MILLION) 77
TABLE 17 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 78
TABLE 18 STEVIA MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 19 STEVIA MARKET SIZE, BY REGION, 2013–2020 (KT) 79
TABLE 20 ASPERTAME MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 79
TABLE 21 ASPERTAME: SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2013–2020 (KT) 80
TABLE 22 CYCLAMATE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 80
TABLE 23 CYCLAMATE MARKET SIZE, BY REGION, 2013–2020 (KT) 81
TABLE 24 SUCRALOSE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 81
TABLE 25 SUCRALOSE MARKET SIZE, BY REGION, 2013–2020 (KT) 82
TABLE 26 SACCHARIN MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 82
TABLE 27 SACCHARIN MARKET SIZE, BY REGION, 2013–2020 (KT) 83
TABLE 28 ACE-K MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 83
TABLE 29 ACE-K MARKET SIZE, BY REGION, 2013–2020 (KT) 84
TABLE 30 OTHER HIS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 84
TABLE 31 OTHER HIS MARKET SIZE, BY REGION, 2013–2020 (KT) 85
TABLE 32 LOW-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION,
2013–2020 (USD MILLION) 86
TABLE 33 LOW-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 86
TABLE 34 D-TAGTOSE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 87
TABLE 35 D-TAGTOSE MARKET SIZE, BY REGION, 2013–2020 (KT) 87
TABLE 36 SORBITOL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 88
TABLE 37 SORBITOL MARKET SIZE, BY REGION, 2013–2020 (KT) 88
TABLE 38 MALTITOL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 89
TABLE 39 MALTITOL MARKET SIZE, BY REGION, 2013–2020 (KT) 89
TABLE 40 XYLITOL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 90
TABLE 41 XYLITOL MARKET SIZE, BY REGION, 2013–2020 (KT) 90
TABLE 42 MANNITOL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 91
TABLE 43 MANNITOL MARKET SIZE, BY REGION, 2013–2020 (KT) 91
TABLE 44 EYTHRITOL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 92
TABLE 45 EYTHRITOL MARKET SIZE, BY REGION, 2013–2020 (KT) 92
TABLE 46 OTHER LIS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 93
TABLE 47 OTHER LIS MARKET SIZE, BY REGION, 2013–2020 (KT) 93
TABLE 48 GLOBAL SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 96
TABLE 49 GLOBAL SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 96
TABLE 50 SUGAR SUBSTITUTES MARKET SIZE FOR FOOD , BY REGION,
2013–2020 (USD MILLION) 97
TABLE 51 FOOD: SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 98
TABLE 52 CONFECTIONERY : SUGAR SUBSTITUTES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 99
TABLE 53 BAKERY: SUGAR SUBSTITUTES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 99
TABLE 54 DAIRY & FROZEN FOODS: SUGAR SUBSTITUTES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 100
TABLE 55 OTHERS : SUGAR SUBSTITUTES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 101
TABLE 56 BEVERAGES: SUGAR SUBSTITUTES MARKET SIZE, BY REGION,
2013–2020-P (USD MILLION) 102
TABLE 57 HEALTH & PERSONAL CARE: SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2013–2020-P (USD MILLION) 103
TABLE 58 SUGAR SUBSTITUTES MARKET, BY REGION, 2013-2020 (USD MILLION) 106
TABLE 59 SUGAR SUBSTITUTES MARKET, BY REGION, 2013-2020 (KT) 106
TABLE 60 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 109
TABLE 61 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2013-2020 (KT) 109
TABLE 62 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 109
TABLE 63 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2013-2020 (USD MILLION) 110
TABLE 64 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 110
TABLE 65 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013-2020 (KT) 111
TABLE 66 NORTH AMERICA: HIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION, 2013-2020 (USD MILLION) 111
TABLE 67 NORTH AMERICA: HIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION, 2013-2020 (KT) 112
TABLE 68 NORTH AMERICA: LIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION, 2013-2020 (USD MILLION) 112
TABLE 69 NORTH AMERICA: LIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION, 2013-2020 (KT) 113
TABLE 70 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 116
TABLE 71 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2013-2020 (KT) 116
TABLE 72 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 117
TABLE 73 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2013-2020 (USD MILLION) 117
TABLE 74 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 118
TABLE 75 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013-2020 (KT) 118
TABLE 76 EUROPE: HIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION,
2013-2020 (USD MILLION) 119
TABLE 77 EUROPE: HIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION,
2013-2020 (KT) 119
TABLE 78 EUROPE: LIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION,
2013-2020 (USD MILLION) 120
TABLE 79 EUROPE: LIS IN SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION,
2013-2020 (KT) 120
TABLE 80 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 124
TABLE 81 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 124
TABLE 82 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 125
TABLE 83 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 125
TABLE 84 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 126
TABLE 85 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013–2020 (KT) 126
TABLE 86 ASIA-PACIFIC: HIS MARKET SIZE, BY COMPOSITION, 2013–2020 (USD MILLION) 127
TABLE 87 ASIA-PACIFIC: HIS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 127
TABLE 88 ASIA-PACIFIC: LIS MARKET SIZE, BY COMPOSITION, 2013–2020 (USD MILLION) 128
TABLE 89 ASIA-PACIFIC: LIS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 128
TABLE 90 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 130
TABLE 91 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 130
TABLE 92 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 130
TABLE 93 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 131
TABLE 94 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 131
TABLE 95 ROW: SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2013–2020 (KT) 131
TABLE 96 ROW: HIS MARKET SIZE, BY COMPOSITION, 2013–2020 (USD MILLION) 132
TABLE 97 ROW: HIS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 132
TABLE 98 ROW: LIS MARKET SIZE, BY COMPOSITION, 2013–2020 (USD MILLION) 133
TABLE 99 ROW: LIS MARKET SIZE, BY COMPOSITION, 2013–2020 (KT) 133
TABLE 100 NEW PRODUCT DEVELOPMENTS, 2015 137
TABLE 101 EXPANSIONS & INVESTMENTS, 2013-2015 138
TABLE 102 AGREEMENTS & JOINT VENTURES, 2011-2015 139
TABLE 103 ACQUISITIONS, 2010-2015 140
“
“LIST OF FIGURES
FIGURE 1 SUGAR SUBSTITUTES MARKET SEGMENTATION 18
FIGURE 2 SUGAR SUBSTITUTES MARKET: RESEARCH DESIGN 20
FIGURE 3 FACTORS INFLUENCING THE SUGAR SUBSTITUTES INDUSTRY 24
FIGURE 4 RTE, SNACKS & SAVORY PRODUCTS SEGMENTS ACCOUNTED FOR ~35% OF
THE FOOD SECTOR IN 2013 25
FIGURE 5 TOP FIVE ECONOMIES BASED ON GDP (PPP): U.S., CHINA, INDIA, JAPAN,
AND GERMANY, 2014 26
FIGURE 6 MIDDLE-CLASS POPULATION 2009-2030 27
FIGURE 7 SUGAR PRICE TREND, 2010 – 2014 (USD/TON) 28
FIGURE 8 SUGAR PRODUCTION, 2010-2014 (MILLION TONS) 28
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 29
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 30
FIGURE 11 DATA TRIANGULATION METHODOLOGY 31
FIGURE 12 ASSUMPTIONS 32
FIGURE 13 NORTH AMERICA DOMINATED THE SUGAR SUBSTITUTES MARKET IN 2014 34
FIGURE 14 INCREASING DEMAND FOR HIGH-INTENSITY SWEETENERS TO DRIVE THE MARKET FOR SUGAR SUBSTITUTES (USD MILLION) 35
FIGURE 15 ASIA-PACIFIC MARKET TO GROW AT THE HIGHEST RATE IN THE NEXT FIVE YEARS 36
FIGURE 16 NEW PRODUCT LAUNCHES: THE KEY STRATEGY 37
FIGURE 17 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN SUGAR SUBSTITUTES MARKET 38
FIGURE 18 BEVERAGE SEGMENT TO GROW AT THE HIGHEST RATE 39
FIGURE 19 HIGH-INTENSITY SWEETENERS SEGMENT DOMINATED THE ASIA-PACIFIC MARKET
IN 2014 40
FIGURE 20 JAPAN AND U.S. LARGEST MARKETS FOR SUGAR SUBSTITUTES 41
FIGURE 21 EMERGING ECONOMIES TO GROW FASTER THAN DEVELOPED MARKETS 42
FIGURE 22 ASPARTAME TO DOMINATE HIS SEGMENT IN THE SUGAR SUBSTITUTES MARKET 42
FIGURE 23 SUGAR SUBSTITUTES MARKET IN ASIA-PACIFIC TO EXPERIENCE THE HIGHEST GROWTH 43
FIGURE 24 BEVERAGES DOMINATED THE APPLICATION SEGMENT IN THE SUGAR SUBSTITUTES MARKET IN 2014 (USD MILLION) 45
FIGURE 25 SUGAR SUBSTITUTE DEVELOPMENT AND MANUFACTURING CONTRIBUTE MAXIMUM VALUE TO OVERALL SUGAR SUBSTITUTES MARKET 45
FIGURE 26 SUGAR SUBSTITUTE DEVELOPMENT AND MANUFACTURING PLAY A VITAL ROLE IN THE SUPPLY CHAIN OF SUGAR SUBSTITUTES MARKET 46
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: DEVELOPMENT AND LAUNCH OF NEW PRODUCTS HAVE INTENSIFIED INDUSTRIAL RIVALRY 48
FIGURE 28 NEW PRODUCT LAUNCHES OF KEY COMPANIES 54
FIGURE 29 EVOLUTION OF SUGAR SUBSTITUTES 57
FIGURE 30 SUGAR SUBSTITUTES MARKET SEGMENTATION 58
FIGURE 31 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF SUGAR SUBSTITUTES MARKET 63
FIGURE 32 HIGH-INTENSITY SWEETENERS DOMINATE THE SUGAR SUBSTITUTES MARKET,
2015 VS. 2020 (USD MILLION) 70
FIGURE 33 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY REGION
2015 VS. 2020 (USD MILLION) 73
FIGURE 34 LOW-INTENSITY SWEETENERS MARKET SIZE, BY REGION 2015 VS. 2020 (KT) 75
FIGURE 35 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION,
2015 VS. 2020 (USD MILLION) 77
FIGURE 36 LOW-INTENSITY SWEETENERS MARKET SIZE, BY COMPOSITION,
2015 VS. 2020 (USD MILLION) 85
FIGURE 37 SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2015 VS. 2020 95
FIGURE 38 FOOD APPLICATION IN SUGAR SUBSTITUTES MARKET SIZE, BY PRODUCT,
2015 VS. 2020 (USD MILLION) 98
FIGURE 39 BEVERAGES: SUGAR SUBSTITUTES MARKET SIZE BY REGION, 2015 VS. 2020 102
FIGURE 40 GLOBAL SUGAR SUBSTITUTES MARKET, 2015-2020 105
FIGURE 41 NORTH AMERICA: SUGAR SUBSTITUTES MARKET, 2013-2020 108
FIGURE 42 EUROPE: SUGAR SUBSTITUTES MARKET, 2013-2020 115
FIGURE 43 ASIA-PACIFIC: SUGAR SUBSTITUTES MARKET, 2013–2020 123
FIGURE 44 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AS THE KEY GROWTH STRATEGY, 2010-2015 134
FIGURE 45 SUGAR SUBSTITUTES MARKET SHARE, BY KEY PLAYER, 2014 135
FIGURE 46 NEW PRODUCT DEVELOPMENTS FROM 2010 TO 2015 136
FIGURE 47 NEW PRODUCT DEVELOPMENTS:THE KEY STRATEGY 137
FIGURE 48 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 141
FIGURE 49 TATE & LYLE: COMPANY SNAPSHOT 142
FIGURE 50 CARGILL, INCORPORATED: COMPANY SNAPSHOT 145
FIGURE 51 PURECIRCLE LTD.: COMPANY SNAPSHOT 149
FIGURE 52 ROQUETTE FRÈRES: COMPANY SNAPSHOT 152
FIGURE 53 E. I. DU PONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT 156
FIGURE 54 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 158
FIGURE 55 AJINOMOTO CO. INC.: COMPANY SNAPSHOT 161
FIGURE 56 INGREDION INCORPORATED: COMPANY SNAPSHOT 163
“
