Asia Pacific Artificial Sweetener Market is worth USD xx million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2028. The Asia Pacific Artificial Sweetener market is developing at an exceptionally quick pace.
Artificial Sweetener are sugar substitutes which taste like sugar but have low calorie content. These are manufactured synthetically. Some of the commonly used artificial sweeteners are aspartame, saccharin, and sodium benzoate. Aspartame is about 2000 times sweeter than normal sugar. Sweeteners like saccharin have be proven to show qualities of dental decay prevention which causes them to be popular for use in chewing gums and toothpaste.
The significant drivers are increasing awareness and health consciousness among people, the demand for low calorie sugar alternatives and sugar-free products. However the long-term usage of the artificial sweeteners can cause diabetes as it interrupts with the body's ability to regulate blood sugar, which is a hindrance to the growth of Artificial Sweetener market.
The Asia Pacific Artificial Sweetener market is segmented on the basis of type, application, distribution channel and region. Based on type the market is segmented into aspartame, acesulfame-k, monosodium glutamate, saccharin, and sodium benzoate. Based on application the market is segmented into bakery items, dairy products, confectionery, beverages, and others. Based on distribution channel the market is segmented into supermarkets & hypermarkets, departmental stores, convenience stores, and other.
Asia Pacific is geographically segmented into China, India, Japan, South Korea, Taiwan, Australia and South East Asia. China and India are likely to boost the market because of huge population and rise in per capita disposable income. It is also the fastest growing region.
Key Players in the Market:
Major key players in the Asia Pacific Artificial Sweetener Market are
NutraSweet Property Holdings, Inc., Hermes Sweeteners Ltd., MORITA KAGAKU KOGYO CO., LTD., Roquette, Ajinomoto Co., Inc., JK Sucralose, McNeil Nutritionals, PureCircle, Sunwin Stevia International, Inc., and Zydus Wellness Ltd
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