Axisresearch
- Mordor Intelligence
- pages
- Published: 21-06-2019
In 2016 the global market for food sweeteners was valued at USD 85 billion. It is estimated to increase at a CAGR of 4.5% to reach nearly USD 112 billion by 2022.
Vietnam Food Sweetener Market Dynamics
Sugar dictates more than 80% share in this market. The major constraint in the sugar market is the volatility in prices, leading to market fluctuations.
Vietnam Food Sweetener Market Segmentation
The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup. The market for HIS is expected to reach nearly USD 2.3 billion in 2022 at a CAGR of 5.1%. This growth is due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in this category. Although presently, HIS does not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people. Aspartame and sucralose are the most famous sweeteners in the HIS segment. Stevia is also seeing a major demand in the natural sweeteners category
Key Players in the Vietnamese Food Sweetener Market
Major manufacturing centers such as China and India are seeing an increase in production capacity to meet the end-user demands for use in baked products, confectionaries and frozen desserts. The major players are investing in the development of new products. To expand their presence in the fast-growing markets such as Vietnam, strategies such as acquiring smaller production units and mergers with the already existing players are being adopted.
The leading players in this segment are Cargill, Kerry Group, Stevia First Corporation, Hermes Sweeteners Ltd, and Tate and Lyle Plc. Companies are bringing innovation to the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners
1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Undeveloped cold storage chains in the value chain
3.2.2 Expanding Processed Foods market
3.2.3 Penetration of Organized Retail sector
3.3 Restraints
3.3.1 Consumers demand for Natural Additives
3.3.2 Demand for Clean label solutions
3.3.3 Compliance with GMP and GRAS regulations
3.4 Opportunities
3.4.1 Growing demand for Natural Sweeteners
3.4.2 Innovations to meet the wellness demand
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter’s Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation by Type
4.1 By Type
4.1.1 Bulk Sweeteners
4.1.1.1 Sucrose
4.1.1.2 Fructose
4.1.1.3 Lactose
4.1.1.4 High Fructose Corn Syrup (HFCS)
4.1.1.5 Others
4.1.2 Sugar Substitutes
4.1.2.1 Sucralose
4.1.2.2 Xylitol
4.1.2.3 Stevia
4.1.2.4 Aspartame
4.1.2.5 Saccharine
4.1.2.6 Others
4.2 By Application
4.2.1 Dairy & Frozen products
4.2.2 Bakery
4.2.3 Beverages
4.2.4 Meat and seafood products
4.2.5 Confectionary
4.2.6 Others
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 Kerry Group
6.3 Corbion Purac
6.4 Stevia First Corporation
6.5 Hermes Sweetners Ltd
6.6 Tate & Lyle Plc
6.7 Archer Daniels Midland (ADM)
6.8 Celanese Corporation
6.9 Corn Products International
6.10 Danisco
6.11 JK Sucralose Inc
6.12 Fraken Biochem
6.13 SANXINYUAN FOOD INDUSTRY CORPORATION LIMITED
6.14 A&Z FOOD ADDITIVES CO. LTD.
6.15 DSM
6.16 Associated British Foods
6.17 Parry Enterprises
6.18 Procarvit
6.19 Australian Stevia Mills
7. Appendix
- Market Segmentation by Type
- By Type
- Bulk Sweeteners
- Sucrose
- Fructose
- Lactose
- High Fructose Corn Syrup (HFCS)
- Others
- Sugar Substitutes
- Sucralose
- Xylitol
- Stevia
- Aspartame
- Saccharine
- Others
- By Application
- Dairy & Frozen products
- Bakery
- Beverages
- Meat and seafood products
- Confectionary
- Others