The global sweeteners market size is expected to reach USD 97.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.4% from 2022 to 2030. The growing application of sweeteners in the food and beverage industry across the globe is driving the market. Further, the growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners such as high-intensity sweeteners.
Increasing health consciousness among consumers in emerging economies is expected to accelerate the market growth during the forecast period. The growth of honey and artificial sweeteners is majorly attributed to rising health consciousness among consumers to encourage healthier and more nutritious food around the globe. In addition to this, the rising inclination towards natural products is propelling the growth of the market.
Sweeteners Market Report Highlights
- The sucrose type segment led the market in 2021 owing to its wide application in the food & beverages, pharmaceuticals, cosmetics, and personal care products industries, easy availability, and low costs
- The liquid form segment is expected to grow at a lucrative rate of 2.9% over the forecast period as the liquid form offers more solubility and flexibility for use in different applications such as food & beverages, pharmaceuticals, and personal care and cosmetics
- Asia Pacific dominated the market with a share of over 30.0% in 2021. The increasing application of sweeteners in various food products in economies such as China and India is a key factor contributing to the growth of the food and beverage industry in the region
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Sweeteners are substances that are added to food and beverages to provide a sweet taste without the calories or carbohydrates found in traditional sugar. There are several types of sweeteners available, including artificial sweeteners like aspartame, saccharin, and sucralose, and natural sweeteners like stevia and monk fruit extract. Sweeteners are used in a wide range of food and beverage products, including baked goods, soft drinks, candy, and chewing gum. They are often used as a replacement for sugar, as they can provide a similar level of sweetness without the added calories and can also be helpful for individuals who are managing diabetes or trying to reduce their sugar intake. Sweeteners can also improve the taste of some products that might be too bitter or sour without the addition of a sweetener.
Latest Trend & Developments
The sweeteners market has seen several trends and developments in recent years. One of the most significant trends has been the growing demand for natural sweeteners like stevia and monk fruit extract, as consumers become more concerned about the health implications of consuming artificial sweeteners. This trend is also being driven by the increasing demand for clean label products that contain only natural ingredients. Another trend in the sweeteners market is the rising popularity of low-calorie and zero-calorie sweeteners, as consumers look for ways to reduce their sugar intake and manage their weight. This has led to the development of new types of sweeteners, such as allulose, which has only 10% of the calories of sugar but provides a similar level of sweetness. The sweeteners market is also being impacted by changes in the food and beverage industry, such as the growing demand for plant-based and vegan products. This has led to the development of new sweeteners that are derived from plant sources, such as coconut sugar and date sugar. Finally, there is a growing interest in the use of sweeteners in non-food applications, such as in pharmaceuticals and personal care products. For example, sweeteners like xylitol and sorbitol are used in toothpaste and chewing gum to provide a sweet taste without causing tooth decay.
Increasing frequency of diseases occurring due to unhealthy lifestyles has resulted in the growing demand for nutrient-rich food, which is anticipated to drive the market over the forecast period. Low-calorie sweeteners such as high-intensity sweeteners, polyol sweeteners, and rare sugar are anticipated to witness substantial growth over the forecast period owing to their increasing applications and health benefits.
The growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners. Low-calorie sweeteners contain very few calories but have a high intensity of sweetness per gram than high-calorie sweeteners such as table sugar, fruit juice concentrates, and corn syrup. They are widely used in various beverages and foods such as frozen desserts, yogurt, candies, baked goods, chewing gum, breakfast cereals, gelatins, and puddings.
Rising awareness regarding obesity and cardiovascular diseases is expected to limit the demand for fatty foods and food with added high fructose corn syrup (HFCS) and sucrose, which are considered high-calorie sweeteners. This factor is anticipated to positively support the growth of high-intensity sweeteners such as stevia, aspartame, and fat replacers such as whey protein and starch.
Sweeteners Market Insights By Region
Asia Pacific holds large growth potential for the food and beverages industry on account of the presence of some of the fastest-growing economies such as China and India. They are among the largest producers and consumers of sweeteners such as sucrose. High availability of raw materials required for the production of sucrose such as sugar cane, coupled with favorable government initiatives to increase the production of sucrose in these countries, is expected to boost the growth. Several North America players are offering low-calorie food & beverages due to the growing health-consciousness among consumers. Consumers in the region are shifting toward natural and organic products and consuming less packaged and heavily processed food, which is expected to drive the demand for natural sweeteners in the region. Europe is witnessing an increased demand for cakes, pastries, bread-based products, and beverages, which is driving the demand for sweeteners. Further, increasing health-conscious population is expected to support sales of healthy food and beverages, along with healthy sweeteners in Europe.
Competitive Analysis By Major Brands
Key companies are focusing on introducing plant-based natural sweeteners to focus on customer demands. The global sweetener manufacturers have been witnessing robust year-on-year growth for the past few years owing to the rising preference for low-sugar food products, coupled with an extensive application range of sweeteners. The market is highly fragmented owing to the presence of a large number of players. Key companies in the market offer solutions for the food & beverage, pharmaceutical, and personal care industry players. Some prominent players in the global sweeteners market include:
- ADM
- Ingredion
- Cargill, Incorporated
- Roquette Frères
- Tate & Lyle
- Foodchem International Corporation
- PureCircle
Grand View Research has segmented the global sweeteners market based on type, form, application, and region.
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Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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