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.
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 Region and Country:
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Form, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 3.5%.
Growing awareness regarding healthy foods and rising health consciousness led to consumers opting for preventive healthcare measures.
Major global Sweetener Market players 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.
Ambiguity in the minds of consumers associated with the consumption of natural sweeteners and their ill effects on human health
Asia Pacific Region is expected to account for the largest market revenue share in the Global Sweetener market.
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