Global Novel Sweeteners Market To Register High Revenue Growth At 5.2% CAGR During 2017 - 2026
Verfasser: yogesh on Tuesday, 11 December 2018Increasing preference for consuming sugar-free and low calories food products has led to surge in demand for sweeteners in the food and beverage industry. In addition, growing prevalence of diabetes and obesity is further expected to impact growth of the global novel sweeteners market positively. Persistence Market Research states that the global novel sweeteners market is expected to reflect a CAGR of 5.2% during the forecast period 2017-2026.
Factors Fuelling Global Market Growth
Growth of the global novel sweeteners market is mainly bound to various macro-economic and micro-economic factors. As the preference for sugar free food products among the obese and diabetic patients remains high, manufacturers in the food and beverage industry are increasingly opting for sweetener. In order to expand their customer base, the leading food companies are also concentrating on developing sugar free confectionery products such as chewing gums, desserts, and chocolates. In addition, the European Food Safety Authority (EFSA) has cleared range of sweetener products available in the global market. Moreover, the EFSA has also approved the health claims made about various sweetener products related to controlling blood sugar levels and oral health.