High-intensity Sweeteners Market By Type (Saccharin, Aspartame, Acesulfame Potassium, Sucralose, Neotame, Advantame, Steviol Glycosides, Luo Han Guo Fruit Extracts), By Application (Beverages, Bakery And Confectionery, Dietary Products, Dairy Products, Pharmaceuticals, Table Top Sweeteners, Others), By Distribution Channel (Offline, Online), : Global Opportunity Analysis and Industry Forecast, 2020-2031
High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content. Moreover, high-intensity sweeteners are ideal alternatives to sugar and other caloric sweeteners, such as high-fructose syrup.
The impact of the COVID-19 pandemic on the global high-intensity sweeteners market was negative due to shutdown of manufacturing units combined with supply chain disruptions.
The demand for high-intensity sweeteners is not only due to its desired sweetness and price but also for its taste, nutrition, bulkiness, preservative qualities, heat resistance, and blending abilities. In addition, rise in health concerns and increase in the number of people suffering from diabetes and obesity boost the market growth. Furthermore, rise in demand for low-calorie sweetener and growth in the number of obese population, majorly in the developing economies propel the market growth.
The high-intensity sweeteners market is segmented based on type, application, distribution channel, and region. On the basis of type, it is classified into saccharin, acesulfame potassium (ace-k), sucralose, neotame, advantame, steviol glycosides, and luo han guo fruit extracts (monk fruit). On the basis of application, it is categorized into beverage, bakery & confectionery, dietary products, dairy products, pharmaceuticals, table top sweeteners, and others (deserts & nutritional products). By distribution channel, it is bifurcated into offline and online. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The beverages segment is expected to be the most lucrative segment owing to increase in demand for sugar-free diet drinks (low-calorie and zero-calorie) among health-conscious people, diabetic patients, and athletes. These drinks help to reduce the body weight and improve physical fitness by reducing the intake of sugar. In addition, the non-carcinogenic properties of high-intensity sweeteners have also increased their consumption and aided in reducing the symptoms of endocrinal diseases, such as Type 2 diabetes, cardiovascular events, and metabolic syndrome.
The key players have largely invested in research and development activities to develop advanced products to cater to the demand of end users. The major players in the high-intensity sweeteners market include:
Hyet Sweet
Tate and Lyle, Plc.
Celanese Corporation
Cumberland Packing Corporation
Merisant
Ajinomoto Co.
Hermes Sweeteners Ltd.
JK Sucralose
Heartland Food Products Group
Stevia First Corporation
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the global high-intensity sweeteners market size and trends from 2022 to 2031 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the high-intensity sweeteners industry analysis and growth is provided in the report.
Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
Porter’s five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
The report provides key insights on strategic market analysis of various companies as well as the value chain analysis of the industry.
Key Market Segments
By Type
Saccharin
Aspartame
Acesulfame Potassium
Sucralose
Neotame
Advantame
Steviol Glycosides
Luo Han Guo Fruit Extracts
By Application
Table Top Sweeteners
Others
Beverages
Bakery And Confectionery
Dietary Products
Dairy Products
Pharmaceuticals
By DISTRIBUTION CHANNEL
Offline
Online
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
U.K.
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Pakistan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Key Market Players
Celanese Corporation
Cumberland Packing Corporation
Merisant
Ajinomoto Co., Inc.
Hermes Sweeteners Ltd.
JK Sucralose, Inc.
Heartland Food Products Group
Stevia First Corporation
Hyet Sweet
Tate and Lyle
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