Market Size of Asia-Pacific Low-Calorie Sweeteners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.73 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Low-Calorie Sweeteners Market Analysis
The Asia-Pacific low-calorie sweeteners market is projected to witness a CAGR of 6.73% during the forecast period (2020 - 2025).
- As per the data released by the International Diabetes Federation in 2019, China at present is the country with the highest number of diabetics worldwide, with around 116 million people suffering from the disease. By the year 2045, it is predicted that India will have around 134 million people suffering from diabetes.
- Therefore, these two countries are expected to be the largest buyers for the low-calorie sweeteners not only in the Asia-Pacific region but also around the world. This growing usage opens the doors for greater positioning for low-calorie sweeteners as a functional product in terms of addressing other lifestyle diseases, such as obesity and cardiovascular disease too, which is prominent in the region too.
APAC Low-Calorie Sweeteners Industry Segmentation
Asia-Pacific low-calorie sweeteners market is segmented by source type, product type, application. Based on the source, the market is segmented into natural and artificial. Based on product types, the market is segmented into sucralose, saccharin, aspartame, neotame, advantame, acesulfame potassium, stevia, and others. On the basis of application, the market is segmented into food, beverage, pharmaceuticals, others. The food segment is further classified into dairy and frozen foods, confectionery, bakery, others.
On the basis of Asia-Pacific geography, the study provides an analysis of the low-calorie sweetener market in the countries such as India, China, Japan, Australia, and Rest of Asia-Pacific.
| By Source Type | |
| Natural | |
| Artificial |
| By Product Type | |
| Sucralose | |
| Saccharin | |
| Aspartame | |
| Neotame | |
| Advantame | |
| Acesulfame Potassium | |
| Stevia | |
| Others |
| By Application | ||||||
| ||||||
| Beverage | ||||||
| Pharmaceuticals | ||||||
| Others |
| By Country | |
| India | |
| China | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Low-Calorie Sweeteners Market Size Summary
The Asia-Pacific low-calorie sweeteners market is experiencing significant growth, driven by increasing health consciousness and the rising prevalence of lifestyle diseases such as obesity and diabetes. The region, particularly China and India, is witnessing a surge in demand for low-calorie sweeteners as these countries have the highest number of diabetics globally. This trend is encouraging food and beverage manufacturers to incorporate natural sweeteners like stevia into their products, aiming to cater to health-conscious consumers. The introduction of products like Coca-Cola's 'Coca-Cola Life' and PureCircle's custom stevia ingredients highlights the industry's focus on providing taste without compromising health benefits. The market's expansion is further supported by the growing awareness in countries like Australia, where consumers are increasingly opting for low-calorie sweetener-infused products due to health concerns related to sugar consumption.
The competitive landscape of the Asia-Pacific low-calorie sweeteners market is marked by the presence of key players such as PureCircle, Ingredion Incorporated, Tate & Lyle, and ADM. These companies are actively expanding their operations in the region to enhance their market presence and meet the rising demand for clean-label and nature-based sweeteners. For instance, PureCircle's strategic expansion in China and India aims to strengthen its connectivity with local markets, while Sweegen Inc.'s introduction of non-GMO stevia sweeteners in Australia reflects the growing consumer preference for clean-label products. The market's growth trajectory is supported by the increasing availability of low-calorie sweetener products on retail shelves, driven by the region's rich culture of health and fitness.
Asia-Pacific Low-Calorie Sweeteners Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source Type
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2.1.1 Natural
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2.1.2 Artificial
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2.2 By Product Type
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2.2.1 Sucralose
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2.2.2 Saccharin
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2.2.3 Aspartame
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2.2.4 Neotame
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2.2.5 Advantame
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2.2.6 Acesulfame Potassium
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2.2.7 Stevia
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2.2.8 Others
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2.3 By Application
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2.3.1 Food
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2.3.1.1 Dairy and Frozen Foods
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2.3.1.2 Confectionery
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2.3.1.3 Bakery
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2.3.1.4 Others
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2.3.2 Beverage
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2.3.3 Pharmaceuticals
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2.3.4 Others
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2.4 By Country
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2.4.1 India
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2.4.2 China
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2.4.3 Japan
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2.4.4 Australia
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2.4.5 Rest of Asia-Pacific
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Asia-Pacific Low-Calorie Sweeteners Market Size FAQs
What is the current Asia-Pacific Low-Calorie Sweeteners Market size?
The Asia-Pacific Low-Calorie Sweeteners Market is projected to register a CAGR of 6.73% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Low-Calorie Sweeteners Market?
Tate & Lyle PLC, Cargill, Incorporated, The Archer Daniels Midland Company, Roquette Frères and Ingredion Incorporated are the major companies operating in the Asia-Pacific Low-Calorie Sweeteners Market.
