Natural Sweeteners Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Natural Sweeteners Market
The natural sweeteners market size was valued at USD 24.48 billion in 2023, and the market is now projected to grow from USD 25.78 billion in 2024 to USD 42.61 billion by 2032, exhibiting a CAGR of 6.48% during the forecast period of 2024-2032.
COVID-19 also affected the production of honey and molasses, palms (date), stevia, and others negatively. Many nations around the world put restrictions on driving cars, which affected the distribution process in all trade routes. Such restrictions also caused manufacturing delays in the transport of raw materials from farmers to the industries as well as a shortage of raw materials hence declining the natural sweeteners market growth.
Natural Sweeteners are prepared from natural sources and contain several phytochemicals apart from the Vitamins/Minerals that add to the betterment of the health of the body. it is also favorable for consumers who might be suffering from conditions of diabetes and other related health complications as well as functions as a substitute for the natural source of the sugar for these consumers. Also, Consumption of added sugar has been linked to many health diseases such as obesity, diabetes, cancers, and related health issues. The list of such diseases is constantly increasing and observed in different countries. Thus, to prevent people from consuming sugar, the governments of several countries are now introducing taxes on the food and beverage companies that add traditional sugar to cut the sugar content and consumption of sugar among consumers. All these factors assist the natural sweeteners market share to rise in the world.
Researchers have observed that manufacturers are embracing new technologies to enable them to come up with new sweeteners as well as develop current products that can meet the increasing demand in the market. This kind of technology assists in the separation of new sweeteners that are synthetic and obtained from natural sources and can easily be employed to replace the normal sugar and various artificial sweeteners that were recently ushered into the market.
Comprehensive Analysis of Natural Sweeteners Market
The extensive study of the natural sweeteners market shows that the market is developing intensively due to higher health awareness and a desire to use natural sweeteners instead of sugar. Here we can classify the segment type of the market as honey, molasses, date palm, and sugar alcohols including xylitol, mannitol, sorbitol, maltitol, stevia, and others. About their applications, these natural sweeteners are mainly employed in the food and beverages industry, particularly in the bakery and confectionery and beverages industries, as well as in pharmaceutical and personal care/cosmetic products, thus showcasing their broad market and consumer acceptance appeal.
Asia-Pacific was the leading region under the world of consideration accounting for USD 7. 48 billion in 2022. Most food manufacturing companies have been developing products that have natural sweeteners because of the high rates of natural sweeteners. The remaining opportunities are the policies that are being adopted in China for example Healthy China 2030 is a program within this country that is seeking to set goals for the reduction of the amount of sugar consumed in this country by the year 2030 these opportunities are ideal for manufacturers who operate in the Asia Pacific region.
Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), Pure Circle Ltd. (Malaysia), Sweetly Stevia USA (U.S.), Fooditive B.V. (Netherlands), The Real Stevia Company (Sweden), Stevia Biotech Pvt. Ltd. (India), DuPont (U.S.), Cargill Inc. (U.S.), GLG Life Tech Corporation (Canada) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.
Tate & Lyle PLC is an element solutions manufacturing corporation that produced TASTEVA SOL Stevia Sweetener in July 2023 to provide healthful ingredients and liquids throughout the globe.
Segmentation Table
Global Natural Sweeteners Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 6.48% from 2024 to 2032
Segmentation By Type, Application, and Region
By Type
Honey
Molasses
Date Palm
Sugar Alcohol
- Xylitol
- Mannitol
- Sorbitol
- Maltitol
Stevia
Others
By Application
Food and Beverage
- Bakery
- Confectionary
- Beverages
- Others
Pharmaceuticals
Personal Care and Cosmetics
By Region North America (By Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Application, and Country)
- Germany (By Application)
- France (By Application)
- U.K. (By Application)
- Spain (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Application, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Application, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Chile (By Application)
- Rest of South America (By Application)
Middle East and Africa (By Type, Application, and Country)
- Turkey (By Application)
- South Africa (By Application)
- Saudi Arabia (By Application)
Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID-19 on the Market
- 5. Global Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Paprika
- 5.2.1.2. Capsicum
- 5.2.1.3. Black Pepper
- 5.2.1.4. Turmeric
- 5.2.1.5. Ginger
- 5.2.1.6. Cinnamon & Cassia
- 5.2.1.7. Others
- 5.2.2. By Application
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Animal Feed
- 5.2.2.3. Pharmaceuticals
- 5.2.2.4. Cosmetics
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Paprika
- 6.2.1.2. Capsicum
- 6.2.1.3. Black Pepper
- 6.2.1.4. Turmeric
- 6.2.1.5. Ginger
- 6.2.1.6. Cinnamon & Cassia
- 6.2.1.7. Others
- 6.2.2. By Application
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Animal Feed
- 6.2.2.3. Pharmaceuticals
- 6.2.2.4. Cosmetics
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Application
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Animal Feed
- 6.2.3.1.1.3. Pharmaceuticals
- 6.2.3.1.1.4. Cosmetics
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Animal Feed
- 6.2.3.2.1.3. Pharmaceuticals
- 6.2.3.2.1.4. Cosmetics
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Animal Feed
- 6.2.3.3.1.3. Pharmaceuticals
- 6.2.3.3.1.4. Cosmetics
- 7. Europe Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type
- 7.2.1.1. Paprika
- 7.2.1.2. Capsicum
- 7.2.1.3. Black Pepper
- 7.2.1.4. Turmeric
- 7.2.1.5. Ginger
- 7.2.1.6. Cinnamon & Cassia
- 7.2.1.7. Others
- 7.2.2. By Application
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Animal Feed
- 7.2.2.3. Pharmaceuticals
- 7.2.2.4. Cosmetics
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Animal Feed
- 7.2.3.1.1.3. Pharmaceuticals
- 7.2.3.1.1.4. Cosmetics
- 7.2.3.2. France
- 7.2.3.2.1. By Application
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Animal Feed
- 7.2.3.2.1.3. Pharmaceuticals
- 7.2.3.2.1.4. Cosmetics
- 7.2.3.3. Italy
- 7.2.3.3.1. By Application
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Animal Feed
- 7.2.3.3.1.3. Pharmaceuticals
- 7.2.3.3.1.4. Cosmetics
- 7.2.3.4. U.K.
- 7.2.3.4.1. By Application
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Animal Feed
- 7.2.3.4.1.3. Pharmaceuticals
- 7.2.3.4.1.4. Cosmetics
- 7.2.3.5. Spain
- 7.2.3.5.1. By Application
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Animal Feed
- 7.2.3.5.1.3. Pharmaceuticals
- 7.2.3.5.1.4. Cosmetics
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Animal Feed
- 7.2.3.6.1.3. Pharmaceuticals
- 7.2.3.6.1.4. Cosmetics
- 8. Asia Pacific Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type
- 8.2.1.1. Paprika
- 8.2.1.2. Capsicum
- 8.2.1.3. Black Pepper
- 8.2.1.4. Turmeric
- 8.2.1.5. Ginger
- 8.2.1.6. Cinnamon & Cassia
- 8.2.1.7. Others
- 8.2.2. By Application
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Animal Feed
- 8.2.2.3. Pharmaceuticals
- 8.2.2.4. Cosmetics
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Application
- 8.2.3.1.1.1. Food & Beverages
- 8.2.3.1.1.2. Animal Feed
- 8.2.3.1.1.3. Pharmaceuticals
- 8.2.3.1.1.4. Cosmetics
- 8.2.3.2. India
- 8.2.3.2.1. By Application
- 8.2.3.2.1.1. Food & Beverages
- 8.2.3.2.1.2. Animal Feed
- 8.2.3.2.1.3. Pharmaceuticals
- 8.2.3.2.1.4. Cosmetics
- 8.2.3.3. Japan
- 8.2.3.3.1. By Application
- 8.2.3.3.2. Food & Beverages
- 8.2.3.3.3. Animal Feed
- 8.2.3.3.4. Pharmaceuticals
- 8.2.3.3.5. Cosmetics
- 8.2.3.4. Australia
- 8.2.3.4.1. By Application
- 8.2.3.4.2. Food & Beverages
- 8.2.3.4.3. Animal Feed
- 8.2.3.4.4. Pharmaceuticals
- 8.2.3.4.5. Cosmetics
- 8.2.3.5. Rest of Asia Pacific
- 8.2.3.5.1. By Application
- 8.2.3.5.1.1. Food & Beverages
- 8.2.3.5.1.2. Animal Feed
- 8.2.3.5.1.3. Pharmaceuticals
- 8.2.3.5.1.4. Cosmetics
- 9. South America Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type
- 9.2.1.1. Paprika
- 9.2.1.2. Capsicum
- 9.2.1.3. Black Pepper
- 9.2.1.4. Turmeric
- 9.2.1.5. Ginger
- 9.2.1.6. Cinnamon & Cassia
- 9.2.1.7. Others
- 9.2.2. By Application
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Animal Feed
- 9.2.2.3. Pharmaceuticals
- 9.2.2.4. Cosmetics
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Application
- 9.2.3.1.1.1. Food & Beverages
- 9.2.3.1.1.2. Animal Feed
- 9.2.3.1.1.3. Pharmaceuticals
- 9.2.3.1.1.4. Cosmetics
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Application
- 9.2.3.2.1.1. Food & Beverages
- 9.2.3.2.1.2. Animal Feed
- 9.2.3.2.1.3. Pharmaceuticals
- 9.2.3.2.1.4. Cosmetics
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Application
- 9.2.3.3.1.1. Food & Beverages
- 9.2.3.3.1.2. Animal Feed
- 9.2.3.3.1.3. Pharmaceuticals
- 9.2.3.3.1.4. Cosmetics
- 10. Middle East & Africa Oleoresin Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type
- 10.2.1.1. Paprika
- 10.2.1.2. Capsicum
- 10.2.1.3. Black Pepper
- 10.2.1.4. Turmeric
- 10.2.1.5. Ginger
- 10.2.1.6. Cinnamon & Cassia
- 10.2.1.7. Others
- 10.2.2. By Application
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Animal Feed
- 10.2.2.3. Pharmaceuticals
- 10.2.2.4. Cosmetics
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Application
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Animal Feed
- 10.2.3.1.1.3. Pharmaceuticals
- 10.2.3.1.1.4. Cosmetics
- 10.2.3.2. UAE
- 10.2.3.2.1. By Application
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Animal Feed
- 10.2.3.2.1.3. Pharmaceuticals
- 10.2.3.2.1.4. Cosmetics
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Animal Feed
- 10.2.3.3.1.3. Pharmaceuticals
- 10.2.3.3.1.4. Cosmetics
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Oleoresin Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1.
- 12.1.1. Aspire Food Group
- 12.1.1.1. Overview
- 12.1.1.2. Description
- 12.1.1.3. Product Portfolio
- 12.1.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.1.5. Recent Developments
- 12.1.2. Synthite Industries Private Ltd.
- 12.1.2.1. Overview
- 12.1.2.2. Description
- 12.1.2.3. Product Portfolio
- 12.1.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.2.5. Recent Developments
- 12.1.3. AVT Naturals
- 12.1.3.1. Overview
- 12.1.3.2. Description
- 12.1.3.3. Product Portfolio
- 12.1.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.3.5. Recent Developments
- 12.1.4. Givaudan
- 12.1.4.1. Overview
- 12.1.4.2. Description
- 12.1.4.3. Product Portfolio
- 12.1.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.4.5. Recent Developments
- 12.1.5. Pt. Indesso Aroma
- 12.1.5.1. Overview
- 12.1.5.2. Description
- 12.1.5.3. Product Portfolio
- 12.1.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5.5. Recent Developments
- 12.1.6. Vidya Herbs Private Limited
- 12.1.6.1. Overview
- 12.1.6.2. Description
- 12.1.6.3. Product Portfolio
- 12.1.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.6.5. Recent Developments
- 12.1.7. Ungerer & Company
- 12.1.7.1. Overview
- 12.1.7.2. Description
- 12.1.7.3. Product Portfolio
- 12.1.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.7.5. Recent Developments
- 12.1.8. Kancor Ingredients Limited
- 12.1.8.1. Overview
- 12.1.8.2. Description
- 12.1.8.3. Product Portfolio
- 12.1.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.8.5. Recent Developments
- 12.1.9. Plant Lipids
- 12.1.9.1. Overview
- 12.1.9.2. Description
- 12.1.9.3. Product Portfolio
- 12.1.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.9.5. Recent Developments
- 12.1.10. Kalsec Inc.
- 12.1.10.1. Overview
- 12.1.10.2. Description
- 12.1.10.3. Product Portfolio
- 12.1.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.10.5. Recent Developments
- 13. Appendix
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