Food Sweetener Market Outlook 2031
The global food sweetener market size was valued at USD 85.64 Billion in 2022 and is projected to reach USD 106.02 Billion by 2031, expanding at a CAGR of 2.4% during the forecast period, 2023–2031. The growth of the market is attributed to the resistance for using sugars owing to rising health problems like dental issues, diabetes, and obesity generated the demand for alternatives of sugar.
Food sweetener is a substitute for sugar which gives sweet taste like sugar containing less food energy and fewer calories. Unhealthy eating habits and new living standards are influencing the health conditions of the people globally. The consumption of food sweetener is growing due to government regulations to decrease the consumption of sugar, consumer awareness, and application in various healthy food products in the market.
Global food sweetener market is highly affected due to Covid-19 pandemic circumstances happened in the world. Supply in the market witnessed a hamper due to lockdown opposed in various countries owing to covid-19. Consumers trying to maintain weight and have healthy food are growing the market of food sweetener across globe.
Food Sweetener Market Trends, Drivers, Restraints, and Opportunities
- Changing preference of health-conscious people towards healthier choices is estimated to drive the market in the coming years.
- Rapid growth of the food & beverage industry is major factor boosting the market during the forecast period.
- Growing demand for the food sweetening is expected to drive the market.
- Side effects and health problems due to overconsumption of food sweetener can act as main challenge that can hinder the market growth.
- R&D investment and activities to produce innovative and advanced food sweetener products is anticipated to offer significant opportunities for the market players.
Scope of Food Sweetener Market Report
The report on the global food sweetener market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Food Sweetener Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (High Intensity Sweeteners [Neotame, Sucralose, Saccharin, Stevia, Aspartame, and Other High Intensity Sweeteners], Starch Sweeteners and Sugar Dextrose Alcohols [Sorbitol, High Fructose Corn Syrup, Maltodextrin, and Other Starch Sweeteners and Sugar Alcohols], and Sucrose), Applications (Meat and Meat Products, Dairy and Desserts, Beverages, Bakery and Confectionary, Soups, Sauces, and Dressings, and Other Applications)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Tate & Lyle PLC, Stevia Hub India, Pyure Brands LLC, Fooditive B.V., Cargill Incorporated, FoodChem International Corporation, The Real Stevia Company, Stevia Biotech Pvt. Ltd., and XiliNat
Food Sweetener Market Segment Insights
Product Types Segment Analysis
Based on product types, the global food sweetener market is segmented into high intensity sweeteners, starch sweeteners and sugar dextrose alcohols, and sucrose. High intensity sweeteners are further classified into neotame, sucralose, saccharin, stevia, aspartame, and other high intensity sweeteners.
Starch sweeteners and sugar dextrose alcohols are segregated into sorbitol, high fructose corn syrup, maltodextrin, and other starch sweeteners and sugar alcohols.
The stevia sweetener segment is expected to constitute a key share of the market during the forecast period owing to sweet tasting components of stevia which do not contribute carbohydrates or calories to the beverages and food it is added. Diabetic patients can consume various foods and comply with healthy meals as it does not affect insulin or blood glucose response.
Applications Segment Analysis
In terms of applications, the global food sweetener market is fragmented into meat and meat products, dairy and desserts, beverages, bakery and confectionary, soups, sauces, and dressings, and other applications.
The beverages segment is expected to represent a key share of the market in the coming years due to high usage of food sweeteners in beverages including flavored water, diet carbonated drinks, and other beverages. Increasing demand for the beverage products is fueling the food sweetener market.
On the basis of regions, the global food sweetener market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period.
The regional market growth can be attributed to rising health-conscious consumers, surge in income and the purchasing power, and their changing lifestyle. Factors such as rapid urbanization, increasing population, diet diversification, and trade policies in food sector are observing change in the food sweetening market.
The global food sweetener market has been segmented on the basis of
- High Intensity Sweeteners
- Other High Intensity Sweeteners
- Starch Sweeteners and Sugar Dextrose Alcohols
- High Fructose Corn Syrup
- Other Starch Sweeteners and Sugar Alcohols
- Meat and Meat Products
- Dairy and Desserts
- Bakery and Confectionary
- Soups, Sauces, and Dressings
- Other Applications
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Tate & Lyle PLC
- Stevia Hub India
- Pyure Brands LLC
- Fooditive B.V.
- Cargill Incorporated
- FoodChem International Corporation
- The Real Stevia Company
- Stevia Biotech Pvt. Ltd.
Key players competing in the global food sweetener market include Tate & Lyle PLC, Stevia Hub India, Pyure Brands LLC, Fooditive B.V., Cargill Incorporated, FoodChem International Corporation, The Real Stevia Company, Stevia Biotech Pvt. Ltd., and XiliNat.
Some of these players are focusing on several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
- In July 2018, ADM and Aston Foods get into a joint venture of sweeteners and starch in Russia to expand its business in natural sweeteners market.
- In July 2020, Tate & Lyle launched innovative VANTAGE sweetener solution design tools with an education program to create sugar-reduced food and drinks using low-calorie sweeteners.