China Food Sweetener Market Outlook
The China Food Sweetener Market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 1% during 2023 – 2031. The growth of market is attributed to rising demand from food and beverage market of China.
According to one of the reports of international diabetes federation, China is observing an exponential surge in diabetic population. New statistics states that, 1 out of 10 Chinese adult is suffering from diabetic problem.
From the last few decades China has become modernized, the western people and their inactive lifestyle such as less exercise or physical movements, changing eating patterns and high consumption of sweet beverages by the consumers are penetrating deeply into the Chinese culture.
With the rising health concern and risk associated factors involves with the constant consumption of such beverages and food Chinese consumers are adopting natural products or products which involves artificial sweetener.
The COVID-19 pandemic had created economic dis-balance and severally impacted business around the globe. The major manufactures of this segment are re-strategizing their plans and ensuring that the production process remains safe according to government framed norms for the current scenarios in order to keep the market stable.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of overweight or obese population is expected to drive the market during the projected period.
- Rapid growth of food & beverage industry within the country is estimated to propel the market in the coming years.
- Increasing proportion of diabetic population within the country is anticipated to boost the market during the forecast period.
- Increasing penetration of western lifestyle such as inactive lifestyle and less exercise into the Chinese culture is estimated to spur the market in the coming years.
- High consumption of sugar sweetened beverages by the consumers within the region is estimated to augment the market during the projected period.
- Growing demand for natural sweetener and awareness of risk associated factors with diabetes offers immense opportunities for the key players of the market during the forecasted period.
Scope of China Food Sweetener Market
The report on the China food sweetener market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Food Sweetener Market – China Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Product Types (Sucrose, Starch Sweetener & Sugar Dextrose Alcohols [Maltodextrin, High Fructose Corn Syrup (HFCS), Sorbitol, Xylitol, and Others], High Intensity Sweetener (HIS) [Saccharin, Ace-K, Stevia, Neotame, Cyclamate, aspartame, and Sucralose]), Applications (Bakery, Dairy, Confectionery, Beverages, Soups, Sauces, & Dressings, and Others)
|
|
Country
|
China
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Tate & Lyle PLC; Sunwin Stevia International, Inc.; Cargill, Incorporated; Archer Daniels Midland Company; Ingredion Incorporated.
|
China Food Sweetener Market segment insights
The xylitol segment is expected hold major share of the market
Based on the product types, the market is fragmented into sucrose, starch sweetener & sugar dextrose alcohols, high intensity sweetener. The starch sweetener & sugar dextrose alcohols segment is further segregated into maltodextrin, high fructose corn syrup (HFCS), sorbitol, xylitol, and others. The high intensity sweetener (HIS) segment is sub-segmented into saccharin, ace-k, stevia, neotame, cyclamate, aspartame, and sucralose.
The xylitol segment is expected hold major share of the market during the forecast period due to widely demanded and approved for use in food around China, used in various application such as pharmaceuticals, oral hygiene products, cosmetics, and more. From the last few years it is being used extensively in commercial application such as food, dental related products, and so on, and because of its low-calories content the demand for the product is expected to augment in the coming years.
The beverages segment is anticipated to account large share of the market
On the basis of application, the market is segregated into bakery, dairy, confectionery, beverages, soups, sauces, & dressings, and others. The beverages segment is anticipated to account for large share of the market in the coming years due to growing demand for the low-calories based products, furthermore populations’ preference shift towards natural-based drinks, along with highly convenient beverages augments the segments demand within the country.
Segments
China food sweetener market has been segmented on the basis of
Product Types
- Sucrose
- Starch Sweetener & Sugar Dextrose Alcohols
- Maltodextrin
- High Fructose Corn Syrup (HFCS)
- Sorbitol
- Xylitol
- Others
- High Intensity Sweetener (HIS)
- Saccharin
- Ace-K
- Stevia
- Neotame
- Cyclamate
- Aspartame
- Sucralose
Applications
- Bakery
- Dairy
- Confectionery
- Beverages
- Soups, Sauces, & Dressings
- Others
Country
Key players
Competitive Landscape
Key players competing in the China food sweetener market include Tate & Lyle PLC; Sunwin Stevia International, Inc.; Cargill, Incorporated; Archer Daniels Midland Company; and Ingredion Incorporated.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In July 2020, Cargill Inc. launched a product know as C-TruSweet which enables a 30% sugar and calories reduction in beverages and other food applications through low usage level.
Request For Customization
Enquiry Before Buying
Speak With Analyst
