Tabletop sweeteners means preparations of permitted sweeteners, which may contain other food additives and/or food ingredients and which are intended for sale to the final consumer as a substitute for sugars. Sweeteners refer to the substance that is used to sweetened food or drink other than sugar. The different types of sweeteners are apartame, advantame, saccharin, and neotame and stevia is considered as a very popular low-calorie sweetener.
MARKET SCOPE
The "Global Tabletop Sweeteners Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tabletop sweeteners market with detailed market segmentation by source, product type, distribution channel, and geography. The report provides key statistics on the market status of the leading tabletop sweeteners market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global tabletop sweeteners market is segmented into aspartame, stevia, others
- Based on product type, the global tabletop sweeteners market is segmented into granules, tablets, liquids, and others.
- Based on distribution channel, the global tabletop sweeteners market is segmented into hypermarkets & supermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Changing consumer's lifestyle and decreasing consumption of sugar.
- Increasing demand of natural sweeteners among people.
- Increasing consumption of diet carbonated soft drinks along with low calorie foods.
- Rising R&D activities drive the tabletop sweeteners market.
Restraints
- Strict government regulations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The tabletop sweeteners market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tabletop sweeteners market in these regions.
IMPACT OF COVID-19 ON TABLETOP SWEETENERS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the tabletop sweeteners market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tabletop sweeteners market are anticipated to lucrative growth opportunities in the future with the rising demand for tabletop sweeteners in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tabletop sweeteners market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- HYET Sweet
- Tate and Lyle
- Celanese Corporation
- Cumberland Packing Corporation
- JK Sucralose Inc.
- Heartland Food Products Group
- PureCircle
- Associated British Foods plc.
- Hermes sweetners Ltd
- Merisant