Global Sugar and Sweetener Market Report

Transcription

1 Global Sugar and Sweetener Market Report

2 Executive Summary One of the fastest growing businesses includes the sugar and sweetener sector, which is a sub-industry of the food additives industry. An artificial sweetener is derived chemically and possesses the sweetness similar to sugar. On the other hand, sweeteners of natural origin are extracted from berries, fruits and certain plant species. The sugar industry is one of the oldest food processing industries in the world, with more than 100 countries and territories participating in the value chain. Brazil is the country with the largest sugarcane planted acreage in the world, following by other countries such as India, China and Thailand. The sugar and sweetener industry has been growing on the back of factors like, growing number of diabetic patients worldwide, expanding obese population, mounting cardiovascular diseases incidences, and increasing consumption by the food and beverages industry. Furthermore, factors like growing ageing population, are also contributing to the growth of the sugar and sweetener industry. The demand and use of sweeteners is highly affected by factors including increasing age, deteriorating health condition, and rising incidence rate of diseases like diabetes which restrict the consumption of sugar and related products. Moreover, trends like evolving sweetener market, growing awareness of stevia, and other high-intensity sweeteners are also playing a significant role in shaping this industry. One promising HIS is stevia, an-all natural zero-calorie sweetener derived from a plant: a key selling point compared to existing artificial sweeteners. The stevia is being accepted as a mainstream ingredient in sugar and sweetener market and the scale, breadth and rapidity of its adoption suggest that it has a real potential to develop further into mass market volume ingredient. The report, Global Sugar and Sweetener Market prudently analyzes the development of the respective market, with a focus on regions including North America (the US, and Mexico), and emerging markets (Brazil and India) which have been discussed in detail. The segments including caloric sweetener (sugar) and high intensity sweetener (stevia) are also being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented. The industry is predominated by a handful of players including DuPont, PureCircle, and Tate & Lyle, contending and vying for capturing market share. The profiles of these leading players are also included in the report along with their key financials and strategies for growth.

3 The sweetener industry has been growing on the back of factors like, growing no. of diabetic patients, expanding obese population, mounting cardiovascular diseases incidences, and increasing consumption by food and beverages industry.. Global Market Share of Sugar and Sweeteners (2013) Natural Sweeteners Sugar HFCS HIS In terms of market share by product, HIS (high-intensity sweeteners) represented approximately % of the global sugar and sweeteners market in 2013, followed by and HFCS (High fructose corn syrup) around %. Sugar accounted for a staggering share of % in the respective market during the same period. Sucralose recently have the greatest consumer acceptance and accounted for an approximately % value market share in the high intensity sweetener market as of It is followed by aspartame with.. % market share, which is one of the most widely used high-intensity sweeteners in the food and beverage industry. Sugar can be made from two main ingredients: sugarcane ( % of the global supply, mainly grown in tropical countries) and sugar beet ( %). High-Intensity Sweetener Market Share (2013) Structure of Global Sugar Production (2013) Sucralose Aspartame Saccharin Cyclamates Natural HIS Ace K Neotame Beet Sugar Cane Sugar

4 Million Tons Million Tons Million Tons World over, sugar holds the top slot within the class of caloric sweeteners. It is the most commonly used sweetener... Global Sugar Production (2008/ /15E) Total global output in the crop year 2013/14 was at million tons, decreasing slightly by..% compared to the previous crop year. World sugar consumption in the 2013/14 season was at million tons, up % compared to consumption in the crop year 2012/13. Sugar can be exported as raw sugar or refined sugar for production and direct consumption. In the crop year 2013/14, the global sugar export volume was about million tons, rising up % compared to that in the previous crop year. In the crop year 2013/14, the total world output of the sugar import was at million tons, a decline of % compared with the output in the previous crop year. Global Sugar Consumption (2008/ /15E) Global Sugar Exports (2008/ /15E)

5 The stevia is being accepted as a mainstream ingredient in sugar and sweetener market and the scale, breadth and rapidity of its adoption suggest that it has a real potential to develop further as mass market volume ingredient. Units Global Food & Beverage Launches with Stevia (2008/ /14) Estimates suggest that Food & Beverage products are now in the market using high (high-purity) stevia. The industry statistics show that more than food & beverage product with stevia were launched in fiscal 2013/14, displaying a staggering growth rate of %. Among the new stevia products introduced all across the globe, non-alcoholic beverages were the ones launched in highest quantity of, followed by snacks with their number being. Industry data has shown adoptions (as measured based on product numbers) growing at % pa in other Food & Beverage category areas in / / / / / /14 Global New Product Launches with Stevia Extracts (2013/14) Snacks Juice Drinks Dairy Other Beverages Sweetners & Sugar RTDs CSDs Sugar & Gum Hot Beverages Water Chocolate Confectionery Sauces & Seasonings Desserts & Ice Cream Sports & Energy Drinks Sweet Spreads Other Categories Stevia Market Share by Region (2013) North America Asia-Pacific South America Europe