Global High Intensity Sweeteners Market Report and Forecast 2023-2028

Global High Intensity Sweeteners Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global high intensity sweeteners market attained a value of USD 7396 million in 2022. Aided by the increasing demand for low-calorie food products and the rising prevalence of obesity and diabetes, the market is projected to further grow at a CAGR of 2.7% between 2023 and 2028 to reach a value of USD 8697.40 million by 2028.

High intensity sweeteners are sugar substitutes that are used to provide a sweet taste to food and beverages with significantly fewer calories than traditional sugar. These sweeteners are several times sweeter than sucrose and are used in various food products, including bakery and confectionery, beverages, and dairy products. The growing health consciousness among consumers and increasing demand for low-calorie food products have propelled the growth of the high intensity sweeteners market. The rising prevalence of obesity and diabetes is a major factor driving the growth of the market for high intensity sweeteners. Consumers are increasingly seeking alternatives to sugar in order to manage their weight and blood sugar levels. High intensity sweeteners offer a viable solution to this, as they can be used in a variety of food products without adding significant calories.

The food and beverage industry has been a significant driver of the high intensity sweeteners market. Manufacturers are increasingly incorporating these sweeteners into their products to cater to the growing demand for healthier and low-calorie options. This has resulted in a wider range of sugar-free and reduced-sugar products in the market, further fuelling the demand for high intensity sweeteners. High intensity sweeteners provide an attractive solution for manufacturers looking to reduce the calorie content of their products without sacrificing taste. As a result, the high intensity sweeteners market has witnessed significant growth.

The global market for high intensity sweeteners has benefited from regulatory support and approval from various organizations, such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). The clean label movement emphasizes the use of natural, simple, and easily recognizable ingredients in food products. As consumer preferences shift towards healthier, more natural products, the demand for natural high intensity sweeteners, such as stevia, has increased. This trend is expected to positively influence the high intensity sweeteners market in the upcoming years.

Market Segmentation

The market can be divided on the basis of type, application, and region.

Market Segmentation by Type

• Aspartame
• Acesulfame
• Sucralose
• Saccharin
• Cyclamate
• Stevia
• Others

Market Segregation by Application

• Beverage
• Food
• Health Care
• Tabletop Sweeteners
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global high intensity sweeteners companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Sinosweet Co., Ltd.
• Vitasweet Co., Ltd.
• Anhui Jinhe Industrial Co., Ltd.
• Cargill Inc.
• Ingredion Incorporated
• Celanese Corporation
• Pure Circle
• Tate & Lyle PLC
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.