Intensive Sweeteners Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0195532
  • Format: Electronic (PDF)
  • Number of Pages: 202
  • Author(s): Joshi, Madhavi

Report Overview

The Intensive Sweeteners Market size was estimated at USD 2.8 billion in 2023 and is projected to reach USD 4.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024-2030).

Intensive Sweeteners Market

(Market Size)
$2.8 billion
$4.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.00%
2023 Market Size USD 2.8 billion
2030 Market Size USD 4.5 billion
Key Players Tate & Lyle, Ingredion, Cargill, Ajinomoto, PureCircle

Market Summary

The intensive sweeteners market is a critical segment within the global food and beverages industry, characterized by the production and distribution of high-potency sweetening agents. These substances are significantly sweeter than sucrose yet contribute minimal to no calories, making them indispensable for sugar reduction in various consumables. The market is propelled by increasing consumer awareness regarding health issues linked to excessive sugar consumption, such as obesity and diabetes, alongside a growing demand for low-calorie and diet products. Manufacturers are continuously innovating to develop sweeteners that not only mimic the taste profile of sugar but also comply with stringent regulatory standards across different regions. The landscape is dynamic, with ongoing research into novel sweeteners and the improvement of existing ones to enhance taste, stability, and application suitability. This market is integral to the food and beverage sector's response to the global health and wellness trend, offering solutions for product reformulation without compromising on sweetness.

Key Highlights

The intensive sweeteners market is distinguished by several pivotal aspects that underscore its importance and trajectory. A primary highlight is the robust innovation in product development, leading to the emergence of next-generation sweeteners with improved taste profiles and reduced aftertastes, addressing a significant consumer barrier. The regulatory environment plays a crucial role, with approvals for new sweeteners and established substances in various geographical markets significantly influencing commercial opportunities and market expansion. Another key aspect is the intense competitive landscape, featuring prominent players like Tate & Lyle, Ingredion, Cargill, and Archer Daniels Midland Company, who engage in strategic initiatives including mergers, acquisitions, and partnerships to bolster their market positions and product portfolios. The diversification of application beyond traditional soft drinks into dairy products, baked goods, confectionery, and even pharmaceuticals illustrates the pervasive demand. Furthermore, the growing consumer inclination towards natural sweeteners, such as those derived from stevia and monk fruit, is reshaping market dynamics and investment focus towards plant-based options.

Drivers, Opportunities & Restraints

The growth of the intensive sweeteners market is primarily driven by the escalating global health consciousness among consumers, prompting a shift away from high-calorie sugars towards low-calorie alternatives. Rising prevalence of lifestyle diseases, including diabetes and obesity, is a significant driver, encouraging individuals and food manufacturers to adopt sugar substitutes. Government initiatives and public health policies aimed at reducing sugar intake, such as sugar taxes implemented in several countries, further propel market demand. A substantial opportunity lies in the untapped potential of emerging economies in Asia-Pacific and Latin America, where increasing disposable incomes, urbanization, and changing dietary patterns are creating new consumer bases. The exploration and commercialization of novel natural sweeteners present another avenue for growth, catering to the clean label trend. However, the market faces restraints, including stringent and varying regulatory frameworks across different countries that can delay product launches and increase compliance costs. Consumer skepticism and negative perceptions regarding the safety of certain artificial sweeteners, despite regulatory approvals, also pose a challenge to market adoption. Additionally, the inherent bitter aftertaste associated with some high-intensity sweeteners can limit their application in certain food and beverage products.

Concentration Insights

The intensive sweeteners market exhibits a moderately concentrated nature, with a handful of major multinational corporations holding significant market shares. Key players such as Tate & Lyle PLC, Ingredion Incorporated, Cargill Incorporated, Archer Daniels Midland Company, and Ajinomoto Co., Inc. dominate the landscape through their extensive product portfolios, strong global distribution networks, and substantial investment in research and development. These industry leaders compete on factors including product innovation, price, quality, and strategic partnerships with food and beverage manufacturers. The market also features several smaller and regional players that often focus on niche segments or specific natural sweetener types, such as stevia or monk fruit extract providers. The competitive intensity is high, prompting continuous efforts in technological advancement to improve sweetener profiles and cost-effectiveness. Mergers and acquisitions are a common strategy employed by leading companies to expand their geographical reach and enhance their technological capabilities, further consolidating the market presence of top firms while simultaneously creating opportunities for specialized entrants.

Type Insights

The intensive sweeteners market is segmented into various types, primarily categorized as artificial and natural high-potency sweeteners. Artificial sweeteners include established substances like aspartame, sucralose, saccharin, and acesulfame potassium (Ace-K), which have been widely used for decades in diet soft drinks, tabletop sweeteners, and a range of food products due to their high sweetness intensity and cost-effectiveness. Natural intensive sweeteners represent a rapidly growing segment, driven by consumer demand for clean label ingredients. This category includes stevia extracts, such as rebaudioside A, and monk fruit extract (mogrosides). Stevia, in particular, has gained substantial market penetration and acceptance from both manufacturers and consumers. Other natural options like thaumatin and neohesperidine dihydrochalcone are also used, though to a lesser extent. Each type possesses distinct characteristics regarding sweetness potency, stability under heat, aftertaste, and regulatory status, which dictates its suitability for different applications within the food and beverage industry. The ongoing development focuses on blending different sweeteners to achieve a synergistic effect that masks undesirable aftertastes and creates a more sugar-like taste profile.

Application Insights

Intensive sweeteners find extensive application across a diverse spectrum of the food and beverage industry, serving as crucial sugar substitutes. The beverage sector represents the largest application segment, extensively utilizing these sweeteners in the production of carbonated soft drinks, fruit juices, flavored waters, and sports and energy drinks to offer low-calorie and zero-sugar options. The food segment is equally significant, with applications in dairy products like yogurt and ice cream, confectionery items such as sugar-free candies and chewing gums, baked goods, and desserts. Tabletop sweeteners, available in powder, liquid, and tablet forms for direct consumer use, constitute another important application area. Beyond these traditional uses, intensive sweeteners are increasingly incorporated into pharmaceuticals and nutraceuticals, such as syrups and lozenges, to enhance palatability without adding sugar. The choice of sweetener for a specific application is influenced by factors including its stability during processing and storage, compatibility with other ingredients, and the desired sensory attributes of the final product, leading to tailored solutions for different food matrices.

Regional Insights

The global intensive sweeteners market demonstrates distinct regional dynamics influenced by consumer preferences, regulatory policies, and levels of industrial development. North America and Europe are mature markets characterized by high consumer awareness of health and wellness, well-established regulatory frameworks from bodies like the FDA and EFSA, and a strong presence of leading food and beverage manufacturers. These regions exhibit significant demand for both artificial and natural sweeteners, with a notable shift towards plant-based options. The Asia-Pacific region is identified as the fastest-growing market, fueled by rising disposable incomes, rapid urbanization, increasing prevalence of diabetes, and a growing middle-class population adopting westernized diets. Countries like China, Japan, and India are major contributors to regional growth. Latin America and the Middle East and Africa present emerging opportunities, though market development is at varying stages. Brazil and Mexico are key markets in Latin America, while in MEA, growth is gradual, influenced by economic development and increasing health consciousness. Regional regulatory approvals for specific sweeteners greatly impact market composition and growth potential in each geography.

Company Insights

The competitive landscape of the intensive sweeteners market is defined by the strategies and portfolios of its key players. Prominent companies such as Tate & Lyle PLC are recognized for their broad range of sweetening solutions, including sucralose under the Splenda brand and a growing portfolio of stevia products. Ingredion Incorporated offers a variety of sweeteners, including stevia-based offerings and other specialty ingredients, focusing on clean label trends. Cargill Incorporated has a strong presence with its EverSweet stevia sweetener, developed through fermentation, and its Truvia consumer brand, emphasizing natural solutions. Archer Daniels Midland Company provides a diverse ingredient portfolio that includes high-intensity sweeteners, leveraging its extensive processing and distribution capabilities. Ajinomoto Co., Inc. is a global leader, particularly in aspartame, and also has significant activities in other amino acids and food ingredients. Beyond these giants, companies like PureCircle, a major stevia producer, and GLG Life Tech Corporation are significant players in the natural sweetener space. These companies compete through continuous research and development to improve taste profiles, cost-effectiveness, and sustainability of their sweetener products.

Recent Developments

The intensive sweeteners market has witnessed several noteworthy recent developments reflecting its dynamic nature and focus on innovation. A prominent trend is the increased investment and research into novel natural sweeteners and advanced production technologies, such as fermentation and enzymatic processes, to create next-generation sweeteners with superior taste profiles. Major players have been actively engaged in strategic expansions; for instance, several leading ingredient companies have announced capacity increases for their stevia production facilities to meet rising global demand. There has been a surge in partnerships and collaborations between sweetener manufacturers and food and beverage brands to co-develop tailored sweetening solutions for specific product applications, ensuring optimal taste and consumer acceptance. Regulatory milestones have also been achieved, with approvals for new sweeteners or expanded usage levels in various countries, facilitating market growth. Furthermore, companies are increasingly focusing on sustainability initiatives within their supply chains, particularly for plant-derived sweeteners like stevia, to appeal to environmentally conscious consumers and clients, marking a shift towards responsible sourcing and production practices.

Report Segmentation

This comprehensive market research report on the intensive sweeteners market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation is primarily based on type, categorizing the market into artificial sweeteners, which include aspartame, sucralose, saccharin, and acesulfame potassium, and natural sweeteners, encompassing stevia, monk fruit extract, and others. The application segment is thoroughly examined, covering key areas such as beverages, which is further broken down into carbonated soft drinks, juices, and other drinks; food products, including dairy, confectionery, baked goods, and others; tabletop sweeteners; and pharmaceuticals. A crucial geographical segmentation provides insights into regional markets including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for major markets within these regions. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand application-specific demands, analyze competitive landscapes at a granular level, and tailor strategies according to regional regulatory and consumer trends, thereby facilitating informed decision-making.

FAQs

What are intensive sweeteners? Intensive sweeteners, also known as high-potency sweeteners, are sugar substitutes that are many times sweeter than sucrose (table sugar). They provide sweetness with very few or no calories, making them popular for use in low-calorie and sugar-free food and beverage products.

What is the difference between artificial and natural intensive sweeteners? The primary difference lies in their origin. Artificial intensive sweeteners, such as aspartame and sucralose, are synthetically manufactured. Natural intensive sweeteners, like stevia extract and monk fruit extract, are derived from plants and are often perceived more favorably by consumers seeking clean label products.

Are artificial sweeteners safe for consumption? Major regulatory bodies worldwide, including the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), have approved the use of specific artificial sweeteners for human consumption after rigorous safety assessments. They are deemed safe for the general population within established Acceptable Daily Intake levels.

What are the main applications of intensive sweeteners? The main applications are vast within the food and beverage industry. They are predominantly used in diet and zero-sugar soft drinks, dairy products like yogurt and ice cream, sugar-free confectionery, baked goods, and as tabletop sweeteners. They are also used in pharmaceuticals to sweeten medicines without adding calories.

Which region has the highest demand for intensive sweeteners? North America and Europe have traditionally been high-demand markets due to strong health consciousness and well-established food industries. However, the Asia-Pacific region is currently experiencing the highest growth rate in demand, driven by rising disposable incomes, urbanization, and increasing health concerns related to sugar consumption.

Citius Research has developed a research report titled “Intensive Sweeteners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Intensive Sweeteners Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Intensive Sweeteners Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Intensive Sweeteners Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Intensive Sweeteners Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Intensive Sweeteners Market
• Research Methodology
• Executive Summary
• Market Dynamics of Intensive Sweeteners Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Intensive Sweeteners Market
• Cost and Gross Margin Analysis of Intensive Sweeteners Market
• Intensive Sweeteners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Intensive Sweeteners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Intensive Sweeteners Market Key Stakeholders

Below are the key stakeholders for the Intensive Sweeteners Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Intensive Sweeteners Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Intensive Sweeteners Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Intensive Sweeteners Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Intensive Sweeteners Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Intensive Sweeteners Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Intensive Sweeteners Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Intensive Sweeteners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Intensive Sweeteners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Intensive Sweeteners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Intensive Sweeteners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Intensive Sweeteners Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Intensive Sweeteners Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Intensive Sweeteners Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Intensive Sweeteners Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Intensive Sweeteners Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Intensive Sweeteners Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Intensive Sweeteners Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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