The Europe food sweetener market records a revenue of USD 11055.02 million in 2016 and is expected to grow at a CAGR of 1.7 % during the forecast period of 2018 2023. Europe accounts for the thirdlargest market for bulk sweetener market. The high consumption and production of bakery and confectionery products in Europe have increased its applications.
Growing Consumer Trends towards Natural Ingredients
Sugar substitute is the fastest growing segment in the region. In 2011, the European Regulation granted the authorization for the use of steviol glycoside in specified food products, which augmented the sweetener market. The growing consumer trends towards natural ingredients and clean label solution in Europe have increased the natural sweetener market. Increased alcohol production in Europe is the biggest factor for the sugar and sweetener consumption and its growing market. The increased consumption of sweetened yoghurt and bakery products in the country is boosting the food sweeteners market.
Sugar Substitutes segment being the fastest growing
Sugar substitute market is expecting a growing demand driven by the rising sales of different sugar substitutes include artificial sweeteners and natural sweeteners. Five sweeteners of this type discussed in the report are Sucralose, Xylitol, Stevia, Aspartame, and Saccharine. Food manufacturers choose among the available sugar substitutes based on taste considerations, stability, and cost. In some instances, blends of sugar substitutes are used.
Russia to Dominate the Market
The Russian food sweeteners market was valued at USD 126.5 million in 2016 and is expected to grow at a CAGR of 5.4% during the forecast period. Russia holds a 20% share in the European food bulk sweetener consumption market. High consumption of bakery goods and alcoholic beverages is the major driver for the food sweetener market in the country. Important trend of Russian market of sugar substitutesstevia, is the declining consumption of intense artificial sweeteners like aspartame, acesulfame, saccharin and others. In Europe, Russia accounts for more than 9% share of the region's stevia market.
Major Key Players: CARGILL Inc, KERRY GROUP, CORBION PURAC, STEVIA FIRST CORPORATION, HERMES SWEETNERS LTD, TATE LYLE PLC, ARCHER DANIELS MIDLAND ADM, CELANESE CORPORATION, INGREDION, DANISCO, JK SUCRALOSE Inc, FRAKEN BIOCHEM, SANXINYUAN FOOD INDUSTRY CORPORATION LIMITED, AZ FOOD ADDITIVES CO. LTD., AUSTRALIAN STEVIA MILLS, DSM, ASSOCIATED BRITISH FOODS
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Analyzing outlook of the market with the recent trends and Porter's five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and noneconomic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
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Value chain analysis
Volume of the Europe food sweeteners market by product type, application and geography
Consumer behavior analysis in country level