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Thailand Sweeteners Market By Type Sugar Substitutes Sweeteners –, By Application - Industry Analysis, Size, Share, Growth Trends and Forecasts

Thailand Sweeteners Market By Type (Bulk Sweeteners – (Sucrose, Fructose, Glucose, High Fructose Corn Syrup) Sugar Substitutes Sweeteners – (Sucralose, Xylitol, Stevia, Aspartame, Saccharin, Others), By Application (Chewing Gum, Chocolates, Sugar Confectionery, Others) - Industry Analysis, Size, Share, Growth Trends and Forecasts (2016 - 2021)
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Published by Market Data Forecast: 01 Dec 2016 | 49439 | In Stock
Related Topics: Diabetes , Drug , Food , Medical , Office , Public Health

Introduction

Thailand witnessed industrialization recently and this is highly driven by its exports. Exports account to over two-thirds of Thailand's GDP. In 2012, according to the Office of the National Economic and Social Development Board, Thailand had a GDP of THB11.375 trillion (US6 billion) and the economy grew by 6.5%. Rapid globalisation resulted in a spike of Thailand exports and in turn boosted its economy. This economic boost had a direct impact on the spending confidence of the consumers, which, combined with growing personal incomes and rapid urbanization, drove up the sales value of necessities such as sauces, noodles and condiments as well as indulgence and premium segments such as confectionery, ice cream and sweet savoury snacks in the region. In addition, the increasing prevalence of modern lifestyles and western-influenced culture created a considerable demand for premium confectionaries such as chewing gum, chocolates, mints and candies in the country. However, this westernization and increasing incidences of diabetes and obesity in the populations restricted the usage of high sugar confectionaries in the country.

Busy lifestyles forced the population to depend on fast-food chains and the improper food habits aided further to the increasing Type II diabetes in the region. Diabetes is a growing public health challenge for Thailand. One in 13 adult Thais has diabetes, a lifelong illness that increases the risk to suffer heart attacks and strokes at an early age and can lead to premature death. Over time, diabetes can damage the heart blood vessels, eyes, kidneys, and nerves. Diabetes also exacerbates the impact of infectious diseases such as tuberculosis, malaria and HIV/AIDS. This is resulting in a changing preference of culinary by the public, inclining more towards low-calorie sugar substitutes

The food additives that provide a sweet taste like that of sugar while containing significantly less food energy are called sugar substitutes. They can be either of a natural origin or synthetic; which are also called artificial sweeteners. The sugar substitutes are compounds with many times the sweetness of common sugar, meaning, much less sweetener is required to provide the same intensity of flavour and energy contribution is negligible. Diabetic and obese populations owing to their chronic health conditions are seeking for confectionaries that are sugar free and are of low calories. The most commonly used sweeteners are Aspartame, Cyclamate, Sucralose, Saccharin and HFCS. In Thailand, various food control activities are undertaken by several organizations. However the Minister of Public Health is designated by law to be in charge of the execution of the Food Act B.E.2522, and is empowered to appoint competent officers, promulgate regulations and set other activities in order to carry out the provisions of this act. The Food and Drug Administration of the Ministry of Public Health and the Provincial Offices of Public Health are responsible for legal food control operations with the support of food analytical services of the Department of Medical Sciences. Increasing use of sugar substitutes by the confectionery players in adoption to consumer demand is driving the market.

Sweeteners of synthetic origin are employed the most by current industries due to their cost effectiveness and ease of availability. These artificial sweeteners are chemically processed and the manufacturing process is similar to that of bulk drugs. Aspartame an artificial sweetener is obtained by employing a series of steps post an industrial fermentation process. Manufacturers of natural sweeteners are importing the raw material and pursuing the further processing in-house due to limited availability of raw materials in the country.

Though the manufacturers seek for an economically feasible sugar ingredient in their products, it is the consumer preference that is driving the confectionery market in Thailand. Awareness on ill effects related to artificial sweeteners and high calorie sugars along with the medical recommendation to reduce the daily sugar intake, rather than adopting artificial sweeteners is slowly picking pace. This consumer choice had forced the manufacturers to opt for what the consumer desires and a subsequent popularity for the natural sweetener segment was witnessed. The use of Stevia and Xylitol as a sugar substitutes is one such growing trend and this is estimated to be a fastest growing segment.

Table of Contents
for Thailand Sweeteners Market By Type (Bulk Sweeteners – (Sucrose, Fructose, Glucose, High Fructose Corn Syrup) Sugar Substitutes Sweeteners – (Sucralose, Xylitol, Stevia, Aspartame, Saccharin, Others), By Application (Chewing Gum, Chocolates, Sugar Confectionery, Others) - Industry Analysis, Size, Share, Growth Trends and Forecasts (2016 - 2021)

  • 1. INTRODUCTION

    1.1MARKET DEFINITION

    1.2 RESEARCH METHODOLOGY

    1.3REPORT DESCRIPTION

    2. KEY FINDINGS

    3. MARKET OVERVIEW

    3.1 INTRODUCTION

    3.2 TRENDS IN CONFECTIONERY MARKET

    3.3 TRENDS IN SWEETENER MARKET

    4. MARKET DYNAMICS

    4.1 DRIVERS

    4.1.1 HIGH DEMAND FOR NATURAL AND LOW CALORIE SUGAR SUBSTITUTES AMONG FITNESS CONSCIOUS AND OBESE POPULATIONS

    4.1.2 HIGHER DEMAND FOR CONFECTIONARIES DUE TO LARGER YOUNGER POPULATIONS

    4.1.3 INCREASED WESTERN INFLUENCE AND HIGHER STANDARDS OF LIVING

    4.1.4 INCREASING SUGAR PRODUCTION WITH RICE LOSING FAVOUR

    4.2 CONSTRAINTS

    4.2.1 IMPROPER FOOD SAFETY REGULATIONS

    4.2.2 HIGH INPUT COSTS FOR SUBSTITUTES

    4.2.3 SIDE EFFECTS ASSOCIATED WITH SUGAR SUBSTITUTES AND CORRESPONDING HEALTH CONCERNS FROM CONSUMERS

    4.3 OPPORTUNITIES

    4.3.1 UNEXPLORED NATURAL SWEETENER SECTOR

    4.3.2 TECHNOLOGICAL ADVANCEMENTS IN PROCESSING AND MANUFACTURE, BRINGING DOWN THE PRODUCT COSTS

    4.3.3HIGHER INCIDENCE OF APPLICATION IN MEDICAL AND CONFECTIONERY INDUSTRY

    4.4 PORTERS ANALYSIS

    4.4.1 BARGAINING POWER OF SUPPLIERS

    4.4.2 BARGAINING POWER OF BUYERS

    4.4.3 DEGREE OF COMPETITION

    4.4.4 THREAT OF NEW ENTRANTS

    4.4.5 THREAT OF SUBSTITUTES

    5. MARKET SEGMENTATION

    5.1 BY TYPE

    5.1.1 SUGARS

    5.1.1.1SUCROSE

    5.1.1.2 FRUCTOSE

    5.1.1.3 LACTOSE

    5.1.1.4 HFCS

    5.1.1.5 OTHERS

    5.1.2 SUGAR SUBSTITUTES

    5.1.2.1 SUCRALOSE

    5.1.2.2 XYLITOL

    5.1.2.3 STEVIA

    5.1.2.4 ASPARTAME

    5.1.2.5 SACCHARIN

    5.1.2.6 OTHERS

    5.3 BY APPLICATION

    5.3.1 CHEWING GUM

    5.3.2 CHOCOLATES

    5.3.3. MINT & CANDIES

    5.3.4 SWEETS

    5.3.5 OTHERS

    6. COMPETITIVE LANDSCAPE

    6.1 SUPPLIER COMPANIES

    6.1.1 MARKET SHARE ANALYSIS

    6.1.2 STRATEGIES BY LEADING PLAYERS

    6.1.3 NEW PRODUCTS AND INNOVATIONS

    6.2 BUYER COMPANIES

    6.2.1 MARKET SHARE ANALYSIS

    6.2.2 STRATEGIES BY LEADING PLAYERS

    6.2.3 NEW PRODUCT DEVELOPMENTS &OTHER INNOVATIONS

    7. COMPANY PROFILES

    7.1 SUPPLIERS PROFILES

    7.1.1. THAI GLUCOSE CO. LTD

    7.1.2. INGREDION (THAILAND) CO. LTD

    7.1.3. CARGILL INC.

    7.1.4 THAI FOOD PRODUCTS INTERNATIONAL LTD.

    7.1.5. MC-TOWA INTERNATIONAL SWEETENERS CO. LTD

    7.2 BUYERS PROFILES

    7.2.1 MONDELEZ INTERNATIONAL

    7.2.2 NESTLE (THAI) LTD.

    7.2.3 MARS THAILAND LTD.

    7.2.4 THAI LOTTE CO., LTD

    7.2.5 GALLO THAI CHOCOLATE

    7.2.6 BALLOON CONFECTIONERY CO., LTD

Additional Details

Publisher

Market Data Forecast

Publisher Information

Market Data Forecast [MDF] is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extensive research. 

Reference

49439 | Thailand Sweeteners Market

Number of Pages

70

Report Format

PDF

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This report is published by Market Data Forecast

Market Data Forecast [MDF] is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extensive research. 

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