Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific low sweeteners market. In addition, complete analysis of changes on the Asia Pacific low sweeteners market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, Asia Pacific low sweeteners market was slightly affected due to supply chain distribution, which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
The Asia Pacific Low sweeteners market is driven by increase in health consciousness among consumers, growing r&d activities to formulate and develop newer and advanced sweetening products and increase in demand for Asia Pacific low sweeteners in several food & beverage applications are some of the key factor for growth of market. Additionally, the demand for bakery products, like pastries, and cakes, has been growing across the country, thus, making low intensity sweeteners an essential additive. Changing lifestyle and health consciousness among population has create rising demand for Asia Pacific low sweeteners in application products. With the adoption of market products it provide consumer to taste different food products without worrying about the calorie intake. This factor is expected to contribute healthy growth in the market. Likewise rise in obesity population has certainly boosted the growth of the market.
The market is expected to have growing new growth opportunities with rise in investment in R&D activities by the manufacturer to develop innovative and safer low sweeteners. In this market research and development plays a critical role for the production of products like sorbitol, among others. The investment in research and development certainly support for the production of precise low sweeteners with low calorie content, and constituents. Likewise, growth of Asia Pacific low sweeteners market application like food, beverages and pharmaceutical & personal care products is expected to create new market opportunity during the projection period.
The Asia Pacific low sweeteners market is expected to have market restraints like higher cost of production, ambiguity related to health problems due to the consumption of low sweeteners among others. Also, number food products often have increasing requirement for imparting blend of sweetness with longer shelf life and higher cost of low intensity sweeteners production is likely to affect the market growth. For example, allulose which is rare sugar that naturally occurs in fruits. Thereby the cost of allulose can widely fluctuate depending on the price of these natural products. This factor is expected to create hurdler for the market growth during the forecast period.
The major growth challenge for the market is high cost of manufacturing in low sweeteners in the regional market. Likewise, stringent regulation and quality standard for Asia Pacific low sweeteners is expected to be major growth challenge for the market.
The report provides in-depth analysis of Asia Pacific sweeteners market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various Asia Pacific low sweeteners in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The Asia Pacific low sweeteners market comprises of different market segment like Type, Form, Application and Country.
By type, the Asia Pacific Low sweeteners includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol , allulose. The sorbitol segment is likely to have growing demand in the market. The sorbitol is mostly derived from the wheat, potato, and is used as low calorie sweetener in different confectionery, candies, baked goods, diabetic jams, and nutritional bars, among others. It is used as a sweetener in food and beverage industry for increasing sweetness, shelf life, and freshness of food and beverage products. Likewise, allulose is anticipated to witness growth at fastest pace over the estimated time period.
The Asia Pacific low sweeteners market is significantly studied for key form like dry and liquid. Dry is anticipated to lead in the Asia Pacific low sweeteners market from 2022 to 2028. The various benefit of dry form in the low sweeteners has certainly enhance manufacturer to use dry form powered, crystallization in the manufacturing of products. With the higher demand for the products, dry form acts as effective yet convenient form for usage in different applications. Also, liquid form is expected to have growing demand in market during the estimated time period.
The Asia Pacific low sweeteners market finds its major application in food, beverages, and pharmaceutical & personal care products. Food application is further sub-segmented into bakery products, confectioneries, dairy & frozen desserts, other food applications. In Asia Pacific the food application is emerging as the leading segment for low sweeteners market. The food application is likely to have demand for low sweeteners as number of consumer have started to consume low caloric food products which is where number of manufacturer have adopted the usage of low sweeteners in different food products. Also, companies are focusing on catering to the rising demand for low-calorie products. Besides, health consciousness among obese population acts as growing new opportunity factor for market players. Likewise, pharmaceutical & personal care products is likely to have positive growth over the forecast period.
The Asia Pacific low sweeteners market is studied for the following countries including China, India, Japan and Rest of APAC. China is likely to gain majority of market share in Asia Pacific Low sweeteners market. The country is driven by various prominent factor like rising diabetic population, increasing tooth decay problem among population has certainly accelerated the market growth. Besides, the increasing food application demand like bakery products, confectioneries among others has contributed the market growth to major extend. Also, expanding market of low sweeteners market with product launch, rise in range of product portfolio are some of the key factor contributing in the market. Likewise, Japan followed by India is contributing healthy growth in the market during the estimated time period.
The competitive landscape analysis of Asia Pacific low sweeteners market is majorly focused on expanding the market growth of low sweeteners with new product launches, partnership/ agreement and merger & acquisitions which has boosted the market growth at highest pace. Besides, presence of wide range of manufacturer operating in the market offers range of products in different application to fulfill the required demand has further contributed healthy growth in the market.
The key players studied in market are Ingredion Incorporated, ADM, Anderson Advanced Ingredients, Tate & Lyle, Roquette, Matsutani Chemical Industry Co., Ltd, Whole Earth Brands, CJ CheilJedang, Samyang Corporation, Daesang Corporation, Cargill, Hylen Co., Ltd, Sweeteners Plus, Fooding Group Limited, SAVANNA Ingredients GmbH, Foodchem International Corporation, Apura Ingredients, Inc, Saigon Nutri Food Co., Ltd, Icon Foods (Portland), Bonumose Inc. and zuChem among others.
March 2018: US based food ingredient manufacturer Archer Daniels Midland Company (ADM) has agreed to acquire 50% equity stake in the sweeteners and starches business of Russia’s Aston Foods and Food Ingredients (Aston).
April 2020: Ingredion EMEA had launched its first polyol sweetener, ERYSTA Erythritol. The sweetner enable manufacturer to reduce or replace sugar to achieve nutrition related claims such as no added sugar or calories reduced in multiple applications.
Low sweetener is kind of sugar alternative or substitute which comprises less food energy than sugar based sweeteners making it zero calorie or low calorie sweetener. This low sweetener further help to maintain the insulin level unaffected after their ingestion. Changing consumer lifestyle, sedentary lifestyle, obesity population, increasing concern for low calorie food intake has boosted the growth and demand for Asia Pacific low sweetener market. The Asia Pacific low sweeteners market comprises of different market segment like type, form, application and country. By type, the Asia Pacific Low sweeteners includes key segment of D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol , allulose. The sorbitol segment is likely to have growing demand in the market. The Asia Pacific low sweeteners market is significantly studied for key form like dry and liquid. Dry is anticipated to lead in the Asia Pacific low sweeteners market from 2022 to 2028. The Asia Pacific low sweeteners market finds its major application in food, beverages, and pharmaceutical & personal care products. Food application is further sub-segmented into bakery products, confectioneries, dairy & frozen desserts, other food applications. In Asia Pacific the food application is emerging as the leading segment for low sweeteners market. The Asia Pacific low sweeteners market is studied for the following countries including China, India, Japan and Rest of APAC. China is likely to gain majority of market share in Asia Pacific low sweeteners market.
1) What are the drivers for Asia Pacific Low Sweeteners market?
The key driving factors of the market are rise in demand for Asia Pacific low sweeteners in various food & beverage applications and growing consumer inclination towards low calorie food.
2) Which is the leading application segment for Asia Pacific Low Sweeteners market?
Food application has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which country is gaining majority of market share during the forecast period (2021-2028)?
China is expected to gain major market share during the forecast period (2021-2028).
