Sweetener Market

Sweetener Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Sweetener Market grew at a CAGR of 3.8% between 2017-2021 and is estimated to be US$ 84,698.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.5% and is expected to reach a valuation of US$ 1,19,475.3 Mn by 2032 end.

Due to its low glycaemic index and use as a low-calorie food additive, which makes it ideal for people concerned about their health, the market for sweeteners has grown quickly in recent years.

Additionally, since it does not assess insulin levels after eating, the low rise in diabetic people worldwide has given the sweetener market trends the essential boost. Alternative sweeteners are produced using a range of natural and synthetic materials. They are utilized in various foods, including dairy, bread, and medications, making them a widely accepted market commodity in many nations.

Market Dynamic

GROWING AWARENESS REGARDING HEALTHY FOODS LEADS TO CONSUMERS OPTING FOR PREVENTIVE HEALTHCARE MEASURES

Consumers have recently become more conscious of their nutritional needs thanks to new product introductions and greater knowledge of alternatives to traditional preventative healthcare. Therefore, customers become more aware of their health and choose to eat different food and beverage products better. A recent consumer trend is a demand for low-calorie, reduced-sugar, and all-natural & organic ingredient-based products because of their many health benefits and the increasing prevalence of chronic diseases due to unhealthy eating practices worldwide.

AMBIGUITY ASSOCIATED WITH THE CONSUMPTION OF NATURAL SWEETENERS HAMPER MARKET RISE

Overconsumption of natural sweeteners can result in health issues such as tooth decay, weight gain, poor nutrition, and elevated triglycerides. Steviol glycosides are the source of stevia, a non-nutritive or calorie-free sweetener. Currently, the Food and Drug Administration (FDA) of the United States only regards high-purity steviol glycosides as safe for human ingestion.

Companies are not permitted to promote stevia leaves and crude stevia extracts as sweetening products since the FDA has not approved them as food additives. The FDA states that a daily dosage of stevia glycosides of 4 milligrams (mg) per kilogram of body weight is appropriate. According to scientists, highly refined stevia is not thought to have any negative side effects when used as a sweetener or food flavoring.

RISING R&D ACTIVITIES TO DEVELOP AND FORMULATE NEWER AND ADVANCED NATURAL SWEETENING PRODUCTS

To address the increased demand from customers for items that promote health, researchers are developing new lines of natural sweetener products. For instance, the leading players in the food and beverage business are introducing monk fruit sweeteners due to their multiple health benefits and greater safety levels.

Under the SweetRight brand, ADM offers three varieties of monk fruit sweeteners. In 2017, ADM introduced these monk fruit sweeteners due to their collaboration with GLG Life Tech Corporation (Canada). Monk fruit is used to make monk fruit sweeteners. The “Buddha fruit,” or Luo Han Guo, is another name for the monk fruit. Monk fruit sweeteners give sweetness to food and beverage goods without adding calories and are 150–200 times sweeter than sugar.

Market Segments Covered in Report

By Type:

• Sucrose
• High-fructose Corn Syrup
• Polyol Sweeteners/Sugar Alcohols
• Sorbitol
• Xylitol
• Mannitol
• Maltitol
• Isomalt
• Erythritol
• Lyxitol
• Others
• High-Intensity Sweeteners
• Aspartame
• Sucralose
• Saccharin
• Cyclamates
• Acesulfame Potassium (Ace- K)
• Stevia
• Monk Fruit (Luo Han Guo)
• Brazzein
• Others
• Allulose
• Tagatose
• Cambia
• Others

By Application:

• Bakery & Confectionery
• Beverages
• Dairy & Frozen Desserts
• Pharmaceuticals
• Others

By Form:

• Solid
• Liquid

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Bakery & Confectionery estimated to account for the largest market share?

The sector with the biggest sales shares in 2021—more than 35.0%—was bakery and confectionery. In bakery and confectionery food products, sweeteners are primarily used as sweetening agents. They are also among the crucial ingredients used in baked culinary products. Sweeteners are employed in significant amounts in yeast-based and chemically leavened baked goods like cakes and cookies. In addition, they are employed as humectants, texturizers, bulking agents, coloring agents, and shelf-life extenders.

Why is solid expected to expand the fastest during the forecast period?

In 2021, the solid form held the highest share—more than 70.0%. As most sweeteners are accessible in solid, crystalline, or powdered forms due to the feasibility and several functional advantages, such as ease of transportation, packaging, stability, and extensive uses afforded by solid sweeteners, the solid form is mostly concentrated on the global market.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of more than 47.9%, Asia Pacific dominated. Due to the presence of some of the economies with the fastest development rates, like China and India, the region has significant growth potential for the food and beverage sector. Western diets have a substantial impact on the region’s younger population. It is anticipated that the demand for high-end beverages and confectionary items will increase imports of these sweeteners.
• The projected CAGR for North America is 2.4%. Because consumers are becoming healthier, some regional players now provide low-calorie food and beverages. Additionally, the market in North America is expanding as people become more knowledgeable about sugar substitutes that have few or no calories. The need for natural sweeteners is anticipated to increase in the region as consumers move toward natural and organic products and consume less packaged and overly processed food.

Competition Analysis

Due to the growing demand for low-sugar food products and the wide range of applications for sweeteners, global sweetener makers have been seeing strong year-over-year growth for the past several years. Due to the existence of numerous participants, the market is highly fragmented. Leaders in the food and beverage, pharmaceutical, and personal care industries can find solutions from leading market players.

The key development in the Global Sweetener Market:

• In July 2020, the VANTAGE sweetener solution design tools were released by Tate & Lyle. It is a collection of brand-new, cutting-edge tools for designing sweetener solutions, coupled with a training program for reducing the amount of sugar in foods and beverages by employing low-calorie sweeteners.
• In July 2018, ADM and Aston Foods (Russia) partnered to produce sweets and starches there. This aided the business in growing its presence in the Russian market for natural sweeteners.

A list of some of the key suppliers present in the market are:

• Carl Kühne KG (GmbH & Co.)
• Castelo Alimentos S/A
• Aspall Cyder Ltd
• White house foods
• Spectrum Organic Products, LLC
• Higher Nature Limited.
• Vitane Pharmaceuticals, Inc.
• The Kraft Heinz Company
• Bragg Live Food Products, Inc.
• Swanson Health Products, Inc.
• Solana Gold Organics
• Amfac, Inc.(American Garden)
• Mautner Markhof Feinkost GmbH
• GNC holdings inc

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.