Artificial Sweetener Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Artificial Sweetener Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Global Artificial Sweetener Market will reach US$ 9.35 Billion at a CAGR of 3.47% by 2028, according to Renub Research. There is a rising public interest in so-called ""zero calories"" artificial sweeteners. Artificial sweeteners are used in various food items available in the market, and many manufacturers also use a blend of sugar and artificial sweeteners. Artificial sweeteners were established in a wide range of products in the supermarket can use.

Many ''tabletop sweeteners add sweetness to tea, coffee, cereal, and fruit instead of several other products, such as cordials, soft drink ice cream, yogurt, ice cream, chewing gum, lollies, desserts, and cakes labeled. These products are often as diet low joule or no sugar. The primary reasons for using artificial sweeteners are weight loss, dental care, diabetes mellitus, reactive hypoglycemia, and low cost.

Some studies have shown the harmful effect of artificial sweeteners on cardiovascular health, with plausible mechanisms. In Sep 2022, World Health Organization warned not to use low-calorie sweeteners to help weight control or reduce the risk of no communicable diseases sparking mixed reactions from industry groups. However, increasing health consciousness among consumers and the increasing number of obese and diabetic patients, growing demand for sugar-free products, prevailing lifestyle diseases, weight loss practices, and rising food processing is expected to keep the market growing effectively. In contrast, high costs and increasing demand for natural sweeteners create a significant challenge for market growth.

Aspartame Products will lead Worldwide in the Upcoming Years

Based on the Product, The Global Artificial Sweetener Market will be divided into six types: Aspartame, Neotame, Sucralose, Acesulfame k, Saccharin, and Others. Aspartame captured the largest share during the forecast period because it is made from amino acids; it provides four kcal/g. Aspartame is 200 times sweeter than sucrose. According to the FDA, the acceptable daily intake of Aspartame for people is 50 mg/kg body weight for adults and children. Aspartame is a sweetener in many products, including chewing gum, primary soda, dry drink mixtures, yogurt and pudding, instant tea, and coffee. Artificial Sweetener has been used in over 6000 varieties of products available in the market.

In the United Kingdom, foods that carry Aspartame are required by the Food Standards Agency to record the substance as an ingredient, with the warning ""Contains a source of phenylalanine.

Food & Beverage's Rising Trends will force Market Players to more development in the Artificial Sweetener Market

Food and beverages will dominate the market share due to their application as high-intensity sweeteners in food and beverages. Foods and beverages are a significant area of application of artificial sweeteners, with calorie reduction being the primary goal. Also, it can be used in diabetic foods and beverages, depending on the variety of products, either as single sweetening agents or combined with bulk sugar substitutes suitable for diabetic consumption. Furthermore, Beverage uses of artificial sweeteners account for more than 50% of human consumption. The market is classified into Food and Beverage, Direct Sales, Pharmaceuticals, and others.

Consumers' awareness of the negative health effects of consuming sugar remains the linchpin of the Asian market for artificial sweeteners

Geographically, the market is classified into five types North America, Europe, Asia – Pacific, Latin America, and Middle East & Africa. Asia- Pacific holds the most considerable market revenue due to its rising economies and the increasing popularity of antioxidant-rich food, which reduces the demand for additional ingredients to raise the level of antioxidants.

Furthermore, North America is the fastest-growing artificial sweetener market owing to the rising awareness about healthy food products among consumers and stringent food safety regulations in the region. The U.S. food and drug management have approved the usage of acesulfame-k, neotame, cyclamate, and Aspartame as per acceptable daily intake value. Though the prices of these products are high, consumers are willing to purchase these products.

Key Players

Some key players in the artificial sweetener market include Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Celanese Corporation, Wilmar International Limited, and DuPont de Nemours, Inc.

In 2021, Codexis and Tate & Lyle extended a partnership to enhance the production of Tate & Lyle'sLyle's newest Sweetener: Tasteva M Stevia Sweetener.
In January 2021, AnalytiCon Discovery and Roquette announced their investment in R&D to develop Brazzein, a protein sweetener naturally produced in berries by the name Pentadiplandra which are found in Africa was successful.

Renub Research report titled “Global Artificial Sweetener Market & Forecast, By Product(Aspartame, Neotame, Sucralose, Acesulfame k, Saccharin, and Others), by Application(Food and Beverage, Direct Sales, Pharmaceuticals and others), by Region(North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Companies (Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Celanese Corporation, Wilmar International Limited and DuPont de Nemours, Inc)” provides a complete analysis of Global Artificial Sweetener Industry.

Artificial Sweetener Market Segmentation

By Products – Global Artificial Sweetener Market will be divided into six types:-

1. Aspartame
2. Neotame
3. Sucralose
4. Acesulfame k
5. Saccharin
6. Others

By Application – Global Artificial Sweetener Market will be divided into four types:-

1. Food and Beverage
2. Direct Sales
3. Pharmaceuticals
4. Others

By Region – Global Artificial Sweetener Market will be divided into five types:-

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Key Players – All the major players have been covered from 3 Viewpoints

1. Overview
2. Recent Developments
3. Revenue

Company Analysis

1. Cargill
2. Ingredion
3. Archer Daniels Midland Company
4. Tate & Lyle
5. Celanese Corporation
6. Wilmar International Limited
7. DuPont de Nemours, Inc.