ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET FORECAST 2021-2028

The Asia Pacific alternative sweeteners market is predicted to progress with a CAGR of 3.85%, during the forecast period of 2021 to 2028. The market growth is attributable to key propellers, like, the rising prevalence of health issues such as, hypertension, dental damage, obesity, and diabetes, the incorporation of sugar taxes on products, and the growing demand for flavored dairy products.

asia-pacific-alternative-sweeteners-market

The Asia Pacific alternative sweeteners market growth is determined by analyzing Indonesia, South Korea, China, Vietnam, Australia & New Zealand, Japan, Thailand, India, and the rest of the Asia Pacific. China is the largest exporter as well as producer of high-intensity sweeteners, across the Asia Pacific. Moreover, in 2018, the country accounted for approximately 78% of the global production. As per the International Diabetes Federation, China observes a substantial increase in terms of the country’s diabetic population. For instance, 1 in 10 Chinese adults is estimated to have diabetes, according to the latest statistics. This figure is expected to augment rapidly, over the upcoming years.

Conversely, as per the estimates issued by Japan’s health ministry, the number of suspected diabetic patients in the country reached 10 million, in 2017. The surge was accredited to the rising rates of obesity as well as the growing geriatric population. While unhealthy eating habits and inadequate exercise are the leading cause of obesity in Japan, the geriatric populace is at a greater risk of being diagnosed with diabetes. Hence, these factors are set to fuel market growth, over the forecast years.

Ajinomoto Co Inc, headquartered in Japan, is essentially a food company that manufactures frozen and processed foods, seasonings, amino acids, beverages, specialty chemicals, and pharmaceuticals. The company offers solutions for human health and improved food resources, in addition to its involvement in packaging, logistics, and other services.

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING HEALTH CONCERNS LINKED WITH OBESITY
      2. RISING DEMAND FOR LOW-CALORIE SWEETENERS
      3. SURGE IN AWARENESS OF SUGAR SUBSTITUTES
      4. GROWING IMPORTANCE ON MARKETING AND ADVERTISING ACTIVITIES BY KEY PLAYERS
    2. KEY RESTRAINTS
      1. INCIDENTAL HEALTH PROBLEMS DUE TO OVERCONSUMPTION
      2. STRINGENT REGULATIONS ON THE SWEETENERS INDUSTRY
      3. RISING CHALLENGES FOR FOOD PRODUCERS
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON ALTERNATIVE SWEETENERS MARKET
    2. KEY INVESTMENT INSIGHTS
    3. PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
  5. MARKET BY PRODUCT
    1. HIGH FRUCTOSE SYRUP
    2. HIGH-INTENSITY SWEETENER
      1. SACCHARIN
      2. ASPARTAME
      3. ACESULFAME POTASSIUM (ACE-K)
      4. SUCRALOSE
      5. NEOTAME
      6. ADVANTAME
      7. STEVIOL GLYCOSIDES
      8. MONK FRUIT EXTRACT
    3. LOW-INTENSITY SWEETENER
  6. MARKET BY APPLICATION
    1. FOOD
    2. BEVERAGE
    3. OTHER APPLICATIONS
  7. GEOGRAPHICAL ANALYSIS
    1. ASIA PACIFIC
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. COUNTRY ANALYSIS
        1. CHINA  
        2. JAPAN 
        3. INDIA    
        4. SOUTH KOREA         
        5. INDONESIA    
        6. THAILAND       
        7. VIETNAM         
        8. AUSTRALIA & NEW ZEALAND      
        9. REST OF ASIA PACIFIC                  
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGER & ACQUISITIONS
      2. PRODUCT LAUNCH & DEVELOPMENTS
      3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      4. BUSINESS EXPANSION
    2. COMPANY PROFILES
      1. AJINOMOTO CO INC
      2. ARCHER DANIELS MIDLAND COMPANY
      3. CARGILL INC
      4. DUPONT NUTRITION & HEALTH
      5. GLG LIFE TECH CORPORATION
      6. INGREDION INC
      7. NATUREX SA
      8. TATE & LYLE PLC
      9. PURECIRCLE LTD
      10. ASSOCIATED BRITISH FOODS PLC
      11. ROQUETTE FRERES
      12. BATORY FOODS INC
      13. CELANESE CORPORATION
      14. HYET SWEET BV
      15. HEARTLAND FOOD PRODUCTS GROUP
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - ALTERNATIVE SWEETENERS

TABLE 2: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: LEADING PLAYERS OPERATING IN ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020

FIGURE 6: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY HIGH FRUCTOSE SYRUP, 2021-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, GROWTH POTENTIAL, BY HIGH-INTENSITY SWEETENER, IN 2020

FIGURE 9: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY SACCHARIN, 2021-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY ASPARTAME, 2021-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY ACESULFAME POTASSIUM (ACE-K), 2021-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY SUCRALOSE, 2021-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY NEOTAME, 2021-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY ADVANTAME, 2021-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY STEVIOL GLYCOSIDES, 2021-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY MONK FRUIT EXTRACT, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY LOW-INTENSITY SWEETENER, 2021-2028 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

FIGURE 19: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY FOOD, 2021-2028 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY BEVERAGE, 2021-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 23: CHINA ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: JAPAN ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: INDIA ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: SOUTH KOREA ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: INDONESIA ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: THAILAND ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: VIETNAM ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: AUSTRALIA & NEW ZEALAND ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF ASIA PACIFIC ALTERNATIVE SWEETENERS MARKET, 2021-2028 (IN $ MILLION)

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