The worldwide artificial sweetener market is expected to reach US$ 12 billion by 2032, developing at a CAGR of 5.5% during the forecast period (2022-2032).By the end of 2032, the United Kingdom is predicted to account for 30% of the worldwide market. During the projected period, demand for aspartame-based artificial sweeteners is expected to grow at a CAGR of 4%.
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Sugar-free foods are quite popular owing to their low calorie content and features. As a result, the food business now offers a range of artificial sweeteners in place of fatty sugar. Artificial sweeteners are sugar replacements that have a sweet flavor and are manufactured.Artificial sweeteners are increasingly frequently used in prepared foods such as jams, sticks, sweet drinks, and other similar things as a sugar alternative since they maintain glucose levels low. The most common artificial sweeteners are saccharin, aspartame, and sodium benzoate.
Competitive Landscape:
Moreover, to consolidate their position in the worldwide artificial sweetener market, leading market players are concentrating on producing novel products and implementing methods such as acquisitions and mergers.
Codexis and Tate & Lyle extended their collaboration in 2021 to improve the manufacturing of Tate & Lyle’s latest sweetener – Tasteva M Stevia Sweetener.
AnalytiCon Discovery and Roquette revealed in 2021 that their R&D investment in developing Brazzein, a protein sweetener naturally found in African berries known as Pentadiplandra, had been successful.
Tate & Lyle PLC, a worldwide food and beverage solutions maker, acquired Sweet Green Fields, the top stevia solutions provider, in December 2020. The acquisition helped the former expand its market position as a leading provider of advanced sweetener solutions with the capacity to manufacture foods and beverages that are lower in calories and sugar and have cleaner labeling for customers worldwide.
Key Players:
- Roquette Freres
- Hermes Sweeteners Ltd.
- Ajinomoto Co., Inc.
- McNeil Nutritionals
- PureCircle
- NutraSweet Property Holdings, Inc.
- Zydus Wellness Ltd
- JK Sucralose
- MORITA KAGAKU KOGYO CO. LTD.
- Sunwin Stevia International, Inc.
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Regional Analysis:
During the projected period, the United Kingdom is estimated to account for 30% of the worldwide artificial sweetener market. Because of rising consumer awareness of healthy food items and strict food safety regulations, the country is predicted to be Europe’s most profitable market.
Furthermore, in recent years, the United Kingdom’s government has successfully implemented a number of projects targeted at improving people’s lives by introducing revolutionary healthy goods that can reduce diabetes, cholesterol, and obesity. This endeavor is expected to raise demand for artificial sweeteners, adding to the expansion of the artificial sweetener industry in the United Kingdom.
During the projected period, the Chinese artificial sweetener market is expected to grow at a CAGR of 3%. Obesity has reached an all-time high in China, particularly among youngsters. The artificial sweetener industry in China is expected to rise as a result of greater sugar-reduction efforts and rising consumer health consciousness.
The government intends to cut local sugar intake by at least 17%, suggesting that Chinese consumers should consume no more than 25g of sugar per person by 2030, down from 30g before.
Key Segments of Industry:
- By Product Type :
- Aspartame-based
- Acesulfame-Potassium (Ace-K)-based
- Sucralose-based
- Saccharin-based
- Cyclamate-based
- Others
- By End-use Application :
- Beverages
- Dairy Products
- Bakery & Confectionery
- Dietary Supplements
- Bread Spreads
- Pharmaceuticals
- Personal Care Applications
- By Form :
- Powder
- Tablets
- Syrups
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