The Asia-Pacific Food & Beverage Sugars & its Substitutes Market is Expected to Reach $3073.9 Million by 2018, at a CAGR of 5.2% Between 2013 and 2018
FORT WORTH, Texas, December 18, 2014 /PRNewswire/ --
The Asia-Pacific Food & Beverage Sugars & its Substitutes market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue. The market is estimated to grow from around $2385.9 million in 2013 to $3073.9 million by 2018, at a CAGR of 5.2% between 2013 and 2018. The increasing demand for convenience health food, functional food, and alternative sources of sugar is driving the Asia-Pacific Food & Beverage Sugars & its Substitutes market.
Browse through the TOC of Asia-Pacific Food & Beverage Sugars & its Substitutes market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Artificial sweeteners lower the sugar intake and are seen as an effective measure to combat obesity and diabetes. Due to the increasing incidents of metabolic disorders, low-calorie and low-fat foods are considered to be a healthy alternative by the consumers. Several companies launch new sugar substitutes to meet the increasing demand for low-calorie products. Moreover, the Asian sub-continent is estimated to drive the growth of the food & beverages sugars and its substitutes industry in the coming years. China and Japan are the leading countries in the Asia-Pacific food & beverages sugars and its substitutes market. These countries are growing economies and are further boosting the demand of convenience food due to changing lifestyles of the population.
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China is the largest market in this region, with a share of 44.4% in the overall market as of 2013. Roquette Freres is the leading market player with a share of 10.8%, followed closely by Tate & Lyle with a share of 10.0%, as of 2013.
The Food & Beverage Sugars & its Substitutes market is segmented and estimated on the basis of types and applications. High Intensity Sweeteners (HIS) is the most preferred type of Food & Beverage Sugars & its Substitutes. Healthcare is the most favored application in in Asian continent sugar substitute market.
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High Intensity Sweeteners (HIS) Market has been pegged at $5,512.5m in the year 2013 growing at annually and is projected to reach $7,035.5m by the end of the year 2018.
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