China Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China's food sweetener market is projected to grow at a CAGR of 1.01% during the forecast period.

Key Highlights

• China is the largest bulk sweetener consuming country in the Asia-Pacific region, accounting for 22% of the bulk sweeteners market.
• Moreover, the country is the primary source of sugar substitutes, accounting for more than 72% of the world’s production.
• The Chinese food and beverage market’s growth is augmenting the demand for sweeteners in the country.
• The demand for HIS (High-Intensity Sweeteners) is likely to increase significantly over the next five years. However, the international markets are the primary sources of revenue for the Chinese HIS manufacturers.

Key Market TrendsGrowing Diabetic Population in China is Generating the Demand

According to the International Diabetes Federation, China is witnessing a significant increase in the proportion of the diabetic population. Based on the latest statistics, the number of people with diabetes in China is estimated to be 1 in 10 out of Chinese adults. Furthermore, the proportion is expected to increase at a significant rate for both the male and female in the coming years. As China has become modernized, the inactive lifestyle favored by western people has penetrated into Chinese culture, leading to less exercise and more eating and high consumption of sugar-sweetened beverages by the consumers. Thus consumers have adopted artificial sweeteners due to increasing awareness of risks associated with diabetes in China.

Xylitol Holds the Largest Market Share of China Market

The demand for HIS (High-Intensity Sweeteners) is likely to increase significantly over the next five years. However, the international markets are the primary sources of revenue for the Chinese HIS manufacturers. Xylitol is widely approved for use in food around China. It is also extensively approved for use in oral hygiene products, pharmaceuticals, cosmetics, and toiletries. The interest in xylitol has increased considerably in recent years, due to many commercial applications in different industrial sectors like food, dental related products, and pharmaceuticals. As xylitol is costly, it currently represents a small fraction of the market share. The growth driver for xylitol (as for other low-calorie sweeteners), is the growing number of diabetes in China.

Competitive Landscape

The leading players in this segment are Cargill, Archer Daniels Midland Company, Sunwin Stevia International, Inc., Ingredion Incorporated, and Tate and Lyle Plc. Companies are bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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