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.
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.
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.
