High-Intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others); Source (Natural, Artificial); Form (Solid, Liquid); Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecasts to 2034
High-Intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others); Source (Natural, Artificial); Form (Solid, Liquid); Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecasts to 2034
According to the research report titled, ‘High-Intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others); Source (Natural, Artificial); Form (Solid, Liquid); Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecasts to 2034,’ in terms of value, the high-intensity sweeteners market is projected to reach $5.37 billion by 2034, at a CAGR of 5.1% from 2023 to 2034, while in terms of volume, the market is projected to reach 113,049.6 tons by 2034, at a CAGR of 3.3% from 2023 to 2034. The report provides an in-depth analysis of the high-intensity sweeteners market across five major geographies, emphasizing the current market trends, market size, and recent developments and providing the forecast till 2034.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. The growth of the high-intensity sweeteners market is mainly attributed to the increasing demand for functional foods, the rising incidence of diabetes and obesity, the growing demand for natural high-intensity sweeteners, taxes imposed on sugar-sweetened beverages, and the increasing adoption of high-intensity sweeteners in the beverage industry. However, stringent government regulations, the adverse health effects associated with sugar substitutes, and fluctuations in raw material prices restrain the growth of the high-intensity sweeteners market.
Based on product, the stevia segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing consumer awareness about the health benefits of consuming food products with natural ingredients and consumers’ growing preference for clean label & healthy products with reduced sugar.
Based on source, in 2023, the artificial high-intensity sweeteners segment is expected to account for the larger share of the global high-intensity sweeteners market. The large market share of this segment is attributed to its lower cost and higher shelf life of artificial high-intensity sweeteners compared to natural high-intensity sweeteners and their wide range of applications.
Based on form, the solid segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the ease of handling, transportation, and storage; wide availability; better shelf-life; and effective product formulation. Furthermore, the high concentration and ease of use in various applications offered by powdered high-intensity sweeteners due to their high mixability further contribute to the growth of this segment.
Based on application, the food segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by the increasing consumer preferences for healthy food, changing food consumption patterns, and extensive use of sweeteners in different foods, including baked goods, confectionery, and savory snacks.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is projected to register the highest CAGR during the forecast period. The fast growth of this regional market is mainly attributed to the changing lifestyles, the emerging trend of healthy food & food ingredients, rising awareness about the health benefits of sugar-free products, rapid urbanization, and a growing diabetic and obese population. Also, the government taxes imposed on sugar-sweetened products further support the growth of the high-intensity sweeteners market in the region.
The key players operating in the high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia).
Key Questions Answered in the Report-
What is the current value of revenue generated by the global high-intensity sweeteners market?
At what rate is the global high-intensity sweeteners demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the global high-intensity sweeteners market?
What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
What are the impacts of the COVID-19 pandemic on the global high-intensity sweeteners market?
Which segments in terms of product, source, form, and application create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the high-intensity sweeteners market?
Who are the major players in the global high-intensity sweeteners market? What are their specific product offerings in this market?
What are the recent strategic developments in the global high-intensity sweeteners market? What are the impacts of these strategic developments on the market?
Scope of the Report:
High-intensity Sweeteners Market, by Product
Sucralose
Stevia
Aspartame
Acesulfame-K
Luo Han Guo (Monk Fruit)
Saccharin
Neotame
Other High-intensity Sweeteners
High-intensity Sweeteners Market, by Source
Artificial High-intensity Sweeteners
Natural High-intensity Sweeteners
High-intensity Sweeteners Market, by Form
Solid
Liquid
High-intensity Sweeteners Market, by Application
Beverages
Juices and Soft Drinks
Sports Drinks/ Energy Drinks
Other Beverages
Food
Bakery Products
Confectionery Products
Dairy Products
Tabletop Sweeteners
Cereal-based Products
Other Food Products
Nutrition and Health Supplements
Pharmaceuticals
Other Applications
High-intensity Sweeteners Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
New Zealand
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Report Metrics | Details |
---|---|
Years Considered | 2023 - 2034 |
Base Year | 2023 |
Forecast Period | 2023-2034 |
Page Count | 319 |
Units Referenced | Value (USD Million/Billion)Volume (Ton) |
Segments/Key Topics | Market by Product, Source, Form, Application, Geography |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Companies Mentioned | Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia) |
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