Alternative sweeteners market is expected to reach US$ 19998.1 Mn by 2026 with 4.7% CAGR during the forecast period from 2018 to 2026. In 2017, North America led the alternative sweeteners market and Asia Pacific is estimated to be the fastest growing region between 2018 and 2026.
Chocolate spreads are sweet flavored pastes consumed majorly in a form of spread on toasts, breads and other bakery products such as pancakes, muffins, pitas, waffles and additional flavors. These spreads consist of functional ingredients such as whey powders, olive oil and cocoa powder which depict excellent spreadibility at all temperatures. These spreads are majorly sold in plastic tubs and glass jars.
Natural alternative sweeteners, also known as sugar substitutes are chemicals which are added to some food products to make them taste sweet with presence of little or no calories. The over consumption of sugary foods leads to weight gain, resistance to insulin, type 2 diabetes and fatty liver. Therefore, in a bid to satisfy consumer’s sweet tooth without compromising with the health has led scientists and nutrition professionals to develop healthier natural alternatives to sugar.
Confectionery items consists of toffees, chocolates, candies, lollipops, bakery products and other sugar items that are rich in sweet and sugar content. The escalation in the consumption of these items has impelled the demand for confectionery ingredients over the past few years. Varying preferences of consumers related to consumption of confectionery items has impacted the market for confectionery ingredients as well. Besides this, it has been noticed that urbanization has led to rapid growth of confectionery goods as the population in tier 1 and 2 cities prefer to have food which is easily and conveniently available.
Developed by Nutrasweet Company, a former division of Monsanto, Neotame is an artificial sweetener derived from aspartame and contains around 8,000 times more sweetness than sugar.
Confectionary Market Research Reports
Different market reports predict that the worldwide market for confectionary items and sweets will accrue a revenue crossing the 180 billion US dollar mark by the end of the year 2015. The market will be differentiated by customer demand for new interesting flavors and rising trend towards consumption of confectionary items that do not contain sugar as one of their ingredients.
With many varieties, confectionary items are making their market presence felt in niche markets. For example, where traditional energy bars were once very reputed, customer demand is tending towards fortified chocolate bars. In the same manner, fortified chewing gum will become more popular than the conventional chewing gum items.
While the value and economy being the determining aspects behind particular buying decisions, quality and luxury tastes dominate the choices and preferences of the customers and influence their demand for confectionary market products.
Rising health concerns among the customers due to large intake of sugar and diseases caused due to high consumption of sugar has led to the behavior or habit of consuming confectionary items. Also people have less time for cooking and so they prefer to buy confectionary products that add value to their diets. This helps them to form healthy eating dietary habits.
The confectionary market is largely distributed and diversified. This makes vital for the key industry players to be guided by authentic market data, market analysis and market research. Acute Market Reports has earned a great market reputation for providing confectionary market research reports that are perfect and align with the recent trends in market. We source our reports from best publishers of the industry and our professionals deeply or comprehensively scrutinize each of the many market reports to provide you with the best and exquisite market research reports on the specific topic of your business interest. Our market reports always match your business requirements helping you to gain maximum profits and thus propelling your business growth.