Artificial Sweeteners Market to Reach $1.5bn

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A new study has forecast that the global market for artificial sweeteners will reach $1.5bn by 2015.

The market is expected to be driven by factors including increasing diabetic patient population, surging risks of heart diseases and a health-conscious population, Global Industry Analysts said.

The report said the demand is also expected to be stimulated by weight reduction efforts, attempts to develop foods for diabetic patients and others who need to cut sugar intake.

Beverages, diet soft-drinks, dairy products, salad dressings and salty snack foods will continue to remain the principal market for artificial sweeteners.

The US, Europe and Asia-Pacific markets, which collectively account for about 85% of the global artificial sweeteners market, will continue to dominate, it said.