世界の甘味料市場（～2019）...市場調査レポートについてご紹介

TABLE OF CONTENTS

1 INTRODUCTION 22
1.1 OBJECTIVES 22
1.2 REPORT DESCRIPTION 23
1.3 MARKETS COVERED 24
1.4 STAKEHOLDERS 24
1.5 RESEARCH METHODOLOGY 25
1.5.1 MARKET SIZE 25
1.5.2 KEY DATA FROM SECONDARY SOURCES 27
1.5.3 KEY DATA FROM PRIMARY SOURCES 27
1.5.4 ASSUMPTIONS MADE FOR THE REPORT 28
2 EXECUTIVE SUMMARY 29
3 TOTAL ADDRESSABLE MARKET 31
3.1 INTRODUCTION 31
3.1.1 FOOD 32
3.1.2 BEVERAGE 32
3.1.3 HEALTHCARE 33
4 MARKET OVERVIEW 34
4.1 INTRODUCTION 35
4.1.1 SUGAR DEMAND & PRICES 36
4.2 SUGAR SUBSTITUTES 37
4.2.1 CLASSIFICATION 37
4.2.2 SUGAR SUBSTITUTES: TYPES 39
4.2.2.1 High-fructose Syrup (HFS) 39
4.2.2.2 High-intensity Sweeteners (HIS) 39
4.2.2.2.1 Classification 41
4.2.2.2.2 HIS Trend 42
4.2.2.3 Low-intensity sweeteners (LIS) 43
4.2.3 RISING SUGAR PRICES CREATE OPPORTUNITY FOR SUGAR SUBSTITUTES 44
4.3 MARKET DYNAMICS 45
4.3.1 DRIVERS 45
4.3.1.1 Rising demand for healthier, low-calorie foods 45
4.3.1.1.1 Diabetes & Obesity: A Global Epidemic 45
4.3.1.2 Demand for natural sugar substitutes 46
4.3.1.3 Demand from downstream industries: A global phenomenon 46
4.3.1.3.1 Rising Prices Of Sugar: Fueling the growth for Sugar Substitutes 47
4.3.2 RESTRAINTS 47
4.3.2.1 Food & safety regulations 47
4.3.2.2 Side effects associated with sugar substitute consumption 48
4.3.3 OPPORTUNITIES 49
4.3.3.1 Natural Sweeteners: Unexplored 49
4.3.3.1.1 Commercialization of natural sweeteners 49
4.3.3.2 R&D for product functionalities 50
4.3.4 IMPACT ANALYSIS – DRIVERS, RESTRAINTS & OPPORTUNITIES 51
4.4 BURNING ISSUE 53
4.4.1 LACK OF CLARITY ON THE STANDARD OF CLASSIFICATION 53
4.5 WINNING IMPERATIVE 55
4.5.1 NEW PRODUCT DEVELOPMENTS 55
4.5.2 THE HEADING AND CONTENT IS MISSING 56
4.5.3 SUPPLY CHAIN MODE L 56
4.6 COMPANY SHARE ANALYSIS 57
4.6.1 TATA & LYLE: HOLDS HIGHEST MARKET SHARE IN SUGAR SUBSTITUTES MARKET 57
4.7 SWOT ANALYSIS – TOP FIVE PLAYERS 58
4.7.1 TATE & LYLE 58
4.7.1.1 Strengths 59
4.7.1.2 Weakness 59
4.7.1.3 Opportunities 59
4.7.1.4 Threats 59
4.7.2 ROQUETTE 60
4.7.2.1 Strengths 61
4.7.2.2 Weaknesses 61
4.7.2.3 Opportunity 61
4.7.2.4 Threats 61
4.7.1 INGREDION 62
4.7.1.1 Strengths 63
4.7.1.2 Weaknesses 63
4.7.1.3 Opportunities 63
4.7.1.4 Threats 63
4.7.2 CARGILL INC. 64
4.7.2.1 Strengths 65
4.7.2.2 Weakness 65
4.7.2.3 Opportunity 65
4.7.2.4 Threats 65
4.7.3 ARCHER DANIELS MIDLAND COMPANY 66
4.7.3.1 Strengths 67
4.7.3.2 Weakness 67
4.7.3.3 Opportunities 67
4.7.3.4 Threats 67
5 SUGAR SUBSTITUTES MARKET, BY TYPE 68
5.1 QUALITATIVE ANALYSIS 69
5.1.1 KEY FEATURES 70
5.1.1.1 Ambiguity in terms of classification 70
5.1.1.2 Limited commercial viability for natural substitutes 70
5.1.2 HIGH-FRUCTOSE SYRUP 71
5.1.2.1 Key segment features 71
5.1.2.1.1 Popularity of the product due to compatibility with food products 71
5.1.2.1.2 Risks associated with high-fructose syrup 71

5.1.3 HIGH-INTENSITY SWEETENERS 72
5.1.3.1 Key segment features 72
5.1.3.1.1 Regulation of aspartame 72
5.1.3.1.2 Changes in metabolic responses 72
5.1.3.2 Stevia 73
5.1.3.2.1 Stevia replacing other sweeteners 73
5.1.3.3 Aspartame 73
5.1.3.3.1 Break down products limits the range of products 73
5.1.3.3.2 Political & medical controversies 74
5.1.3.3.3 Deemed safe by regulatory agencies 74
5.1.3.4 Cyclamate 74
5.1.3.4.1 Combination with other sweeteners & heat stability 74
5.1.3.4.2 Health effects of Carcenogenic may affect the U.S. market prospects 75
5.1.3.5 Sucralose 75
5.1.3.5.1 Commercial success linked to safety, stability & taste 75
5.1.3.5.2 Metabolism behavior makes it a desired sugar substitute 75
5.1.3.6 Saccharin 76
5.1.3.6.1 Popular in personal care applications 76
5.1.3.6.2 Carcinogenic effects: A misconception 76
5.1.3.7 Ace-K 77
5.1.3.7.1 Ace-K pros and cons 77
5.1.3.8 Others 77
5.1.4 LOW-INTENSITY SWEETENERS 78
5.1.4.1 Key segment features 78
5.1.4.1.1 Ideal substitute for sugar due to bulking action 78
5.1.4.2 D-Tagatose 78
5.1.4.2.1 Functionality & safety boosts commercial value 78
5.1.4.3 Sorbitol 79
5.1.4.3.1 Risks and benefits 79
5.1.4.4 Maltitol 79
5.1.4.4.1 Key aspects limiting market growth 80
5.1.4.5 Xylitol 80
5.1.4.5.1 Medical and personal care applications maintains high demand 80
5.1.4.6 Mannitol 81
5.1.4.6.1 Functional properties help applicability 81
5.1.4.7 Erythritol 82
5.1.4.7.1 Antioxidant, non-carcinogenic, and digestive properties 82
5.1.4.8 Others 83
5.2 MARKET DATA 84
5.2.1 KEY FEATURES 84
5.2.1.1 Rising prices ensures value market grows faster than volume market 84
5.2.1.2 Asian market spurs LIS market; HFS segment shows stagnant growth 85
5.2.1.3 HFS volume market stagnant due production quotas in European nations 86
5.2.2 HIGH-FRUCTOSE SYRUP 87
5.2.2.1 Key segment features 87
5.2.2.1.1 North America dominates global HFCS consumption 88
5.2.2.1.2 Asian market demand drives HFS market 89
5.2.2.1.3 Confectionery key segment; HC & PC hold back due to safety concerns 94
5.2.3 HIGH-INTENSITY SWEETENERS 95
5.2.3.1 Stevia innovations drive product launch & market demands 96
5.2.3.2 Beverage dominates; bakery & dairy drive future growth 98
5.2.3.3 Asia-Pacific F&B industries drive demands for HIS 100
5.2.3.4 Stevia 105
5.2.3.5 European consumer awareness drives stevia adoption 106
5.2.3.6 Booming F&B industry boosts stevia demands 107
5.2.3.7 American market dominated by beverages & driven by confectioneries 108
5.2.3.8 European functional F&B market boosts adoption 109
5.2.3.9 Asia-Pacific F&B and healthcare industry boost demands 110
Flourishing F&B industry in Brazil drives stevia market 111
5.2.4 LOW-INTENSITY SWEETENERS 111
5.2.4.1 Key segment features 111
5.2.4.2 Sorbitol dominates; Tagatose a promising substitute 112
5.2.4.3 LIS trends in sync with global F&B sector; dominated by Europe, driven by Asia-Pacific 114
5.2.4.4 American LIS market driven by booming Canadian F&B sector 116
5.2.4.5 Developing Indian and Chinese markets key to
Asia-Pacific LIS demands 118
5.2.4.6 Confections and bakery dominate LIS demands, for bulking properties 120
6 SUGAR SUBSTITUTES MARKET, BY APPLICATION 122
6.1 INTRODUCTION 123
6.1.1 KEY FEATURES 123
6.1.1.1 After-taste & flavor compatibility influences the range of products 123
6.1.1.2 Regulations govern adoption rate & application scope 124
6.1.1.3 Beverages segment dominate the market share; food segment shows promising growth 125
6.1.1.4 Global concerns over HFS safety affects HC & PC demands 126
6.2 HEALTHCARE & PERSONAL CARE 126
6.2.1 KEY FEATURES 126
6.2.1.1 HIS: The substitutes of choice; focus gradually shifting to LIS & polyols 126
6.2.1.2 Leading manufacturers that focus on the polyols product line for personal care products 127
6.2.1.3 HFS use restricted; LIS demands driven by polyols 130
6.2.1.4 North America fairly saturated; Europe drives demand for the personal care market 131
6.2.2 BEVERAGES 134
6.2.2.1 HIS is the preferred option owing to low volume requirements 134
6.2.2.2 Cyclamate influential in launching a new beverage segment 135
6.2.2.3 Consumer from lower age groups influence market dynamics 135
6.2.2.4 HIS dominates & continues to drive beverage segment 136
6.2.2.5 Demands in sync with global trends for beverages market; America dominates, Asia has fast growth 137
6.3 FOOD 141
6.3.1 KEY FEATURES 141
6.3.1.1 R&D playing important role in boosting market scope 141
6.3.1.2 Favorable consumer trends towards sugar substitute in food 141
6.3.1.3 Added advantages of substitutes act as advertisement for health foods 141
6.3.1.4 HIS dominates market share; LIS demand drives market 143
6.3.1.5 European health & functional food market drives demand for substitutes 144
6.3.1.6 Confectioneries lead and continue to drive the demand for sugar substitutes 148
6.3.2 CONFECTIONERY 149
6.3.2.1 Cost and technical ease contributed to use of HFS, sucrose and glucose 149
6.3.2.2 Consumer awareness regarding well-being influences shifts focus to alternatives 150
6.3.2.3 Technical challenges overcome with innovations in HIS and LIS products 150
6.3.2.4 HIS, a cost-effective substitute, but doesn’t serve the purpose 151
6.3.2.5 LIS and polyols prove to be the ideal substitutes for sugars 152
6.3.2.6 HIS used in conjunction with other sweeteners; LIS demands drive the market 152

6.3.3 DAIRY & FROZEN PRODUCTS 153
6.3.3.1 No clear priorities in terms of type of sugar substitute 153
6.3.3.2 Petitions for use of substitutes without added labels 153
6.3.3.3 Growing concerns on aspartame shifts focus to use of LIS and polyols 154
6.3.4 OTHER FOOD APPLICATIONS 155
6.3.4.1 Restricted use of HFS; growing demands for polyols drives market 156
7 SUGAR SUBSTITUTES MARKET, BY GEOGRAPHY 157
7.1 INTRODUCTION 158
7.1.1 KEY FEATURES 158
7.1.1.1 Rising demand for low-calorie food drives consumption 158
7.1.1.2 Economic benefits for manufacturers spurs penetration 159
7.1.1.3 Decreasing use of HFS result lead to low growth in volume 160
7.2 NORTH AMERICA 161
7.2.1 KEY FEATURES 161
7.2.1.1 Push for healthier foods drives sugar substitutes market 161
7.2.1.2 Demand in Mexico and Canada growing at faster pace 165
7.2.2 U.S. 166
7.2.2.1 Use of HIS and LIS drive the U.S. market 166
7.2.2.2 New product launches by companies boost sugar substitutes market 167
7.2.3 MEXICO 168
7.2.3.1 Decreasing share of HFS in Mexican sugar substitute market 168
7.2.4 CANADA 170
7.2.4.1 High appetite for sweeteners drive market 171

7.3 EUROPE 172
7.3.1 KEY FEATURES 172
7.3.1.1 Consumer demand and manufacturers’ adoption of sugar substitutes drives market 172
7.3.1.2 Largest market for LIS globally 174
7.3.1.3 Sugar substitutes are highly regulated in Europe 175
7.3.2 U.K. 177
7.3.2.1 HIS driving sugar substitute market 177
7.3.3 FRANCE 179
7.3.3.1 Strong stevia demand drives HIS market 179
7.3.4 GERMANY 181
7.3.4.1 HIS growth drive market for sugar substitutes 181
7.3.4.2 Food applications would drive market for sugar substitutes 182
7.3.5 REST OF EUROPE 183
7.4 ASIA-PACIFIC 185
7.4.1 DRIVERS 185
7.4.1.1 China to drive the sugar substitute market in Asia-Pacific 185
7.4.1.2 Beverage industry to drive HIS demand in Asia-Pacific region 187
7.4.2 JAPAN 190
7.4.2.1 Matured market; Driven by LIS consumption 190
7.4.3 CHINA 192
7.4.3.1 Fastest growing both in consumption & production of sugar substitutes 192
7.4.3.2 Growing demand from downstream industries spurs demand for sugar substitutes in China 194
7.4.4 SOUTH KOREA 195
7.4.4.1 Food industry usage of polyols propels sugar substitutes industry 196
7.4.5 INDIA 197
7.4.5.1 Growing diabetic population and increasing awareness drive demand for low calorific food 197
7.4.6 REST OF ASIA-PACIFIC 199

7.5 REST OF THE WORLD 201
7.5.1 KEY FEATURES 201
7.5.1.1 Growth in HIS & LIS drive the market 201
7.5.1.2 Brazilian market is key to growing demand 203
7.5.2 BRAZIL 205
7.5.2.1 Increasing use of HIS in food & beverage industry to drive demand 206
7.5.3 ARGENTINA 207
7.5.4 REST OF ROW 209
8 COMPETITIVE LANDSCAPE 211
8.1 INTRODUCTION 212
8.1.1 EXPANSIONS & INVESTMENTS – MOST PREFERRED STRATEGIC APPROACH 212
8.1.2 KEY MARKET STRATEGIES 214
8.1.3 CARGILL INC.: LEADING PLAYER 215
8.2 MERGERS & ACQUISITIONS 216
8.3 EXPANSIONS & INVESTMENTS 217
8.4 NEW PRODUCT LAUNCH 219
8.5 AGREEMENTS, COLLABORATIONS, & JOINT VENTURES 221
9 COMPANY PROFILES 223
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
9.1 AJINOMOTO CO. INC. 223
9.2 ARCHER DANIELS MIDLAND CO. 226
9.3 CARGILL INC. 229
9.4 E.I. DUPONT 234
9.5 HERMES SWEETENERS LTD 237
9.6 INGREDION INC 239
9.7 JK SUCRALOSE INC. 242
9.8 THE NUTRASWEET COMPANY 244
9.9 ROQUETTE FRERES S.A. 246
9.10 TATE & LYLE PLC 249
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.