Global Food Sweeteners Market is segmented By Type (Bulk Sweeteners, Sugar Substitutes), By Application (Food & Beverages, Baked Products, Confectionery, Frozen Desserts, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Food Sweeteners Market Size
The Global Food Sweeteners Market reached US$ 87.5 billion in 2022 and is expected to reach US$ 109.9 billion by 2031 growing with a CAGR of 2.9% during the forecast period 2024-2031. Natural sweeteners may be both nutritive and flavorsome and thus popular both as food and as a flavoring.
Sweeteners, in addition to their sweetening power, may be used in such processes as food preservation, fermentation (in brewing and winemaking), baking (where they contribute to texture, tenderization, and leavening), and food browning and caramelization. However, because common sugar and other nutritive sweeteners such as honey and corn syrup are associated with health problems (such as obesity and tooth decay) or are even a threat to life (for diabetics), there have been efforts since the 19th century to produce nonnutritive sweeteners that are not subject to metabolism and contain little or no caloric value.
Non-nutritive sweeteners, which may be either artificial (synthetic) or derived from plants, include such compounds as saccharin, aspartame, cyclamates, and thaumatin. The popular nonnutritive sweetener stevia contains several natural compounds, including stevioside and rebaudioside A, that can be more than 300 times sweeter than saccharose, the sweetener derived from sugarcane.
Market Summary
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Metrics |
Details |
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CAGR |
2.9% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
By Type, By Appplication, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Others key Insights. |
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Market Dynamics
Increasing Demand for Low-Calorie Sweeteners is Driving the Market Growth
The increasing demand for low-calorie sweeteners has been a significant driver for the food sweeteners market, as consumers are increasingly seeking alternatives to sugar that provide sweetness without the associated calorie content. This shift in consumer preferences is driven by a growing health consciousness and a desire for reduced-calorie or sugar-free food and beverages.
Consumers are becoming more aware of the potential health risks associated with excessive sugar consumption, such as obesity, diabetes, and other related conditions. This awareness has prompted individuals to seek out healthier alternatives, thus driving the demand for low-calorie sweeteners. According to the World Health Organization’s European Regional Obesity Report 2022, overweight and obesity rates have reached epidemic proportions across the region and are still escalating. In the European Region, 59% of adults and almost 1 in 3 children are overweight or living with obesity. Additionally, changing dietary patterns and lifestyles have contributed to the surge in demand for low-calorie sweeteners.
The Rising Prevalence of Diabetes and Obesity is Expected to Drive The Market Growth
The rising prevalence of diabetes and obesity has become a significant driver for market growth in the food sweeteners industry. These health conditions have reached alarming levels globally, prompting individuals and health organizations to seek solutions to reduce sugar consumption and manage these diseases.
According to the International Diabetes Federation’s Diabetes Atlas (2021), approximately 10.5% of the adult population (20-79 years) has diabetes, with almost half unaware that they are living with the condition. These figures illustrate the magnitude of the diabetes and obesity epidemics and their impact on individuals' health and well-being. In response to these escalating health concerns, individuals with diabetes or those aiming to manage their weight are increasingly seeking food and beverages with reduced sugar content.
Regulatory Restrictions and Labeling Requirements are Restraining the Food Sweeteners Market
Governments and health organizations around the world have implemented measures to address concerns regarding sugar consumption and its association with health issues such as obesity, diabetes, and dental problems. One common regulatory measure is the imposition of sugar taxes. Several countries, including Mexico, the United Kingdom, and several others, have implemented taxes on sugary beverages to discourage their consumption and promote healthier choices. These taxes can directly affect the demand for sugary products, including those containing sweeteners.
In addition, governments often enforce labeling requirements to inform consumers about the sugar content and ingredients in food and beverage products. These labeling regulations may require specific declarations regarding the use of sweeteners, such as the type and quantity used. This level of transparency empowers consumers to make informed choices, but it also poses challenges for sweetener manufacturers to comply with complex labeling regulations.
Market Segmentation Analysis
The global plant extracts market is segmented based on type, application, and region.
The Stevia Segment Holds the Largest Market Share in the Food Sweeteners Market
Stevia's rise in market share can be attributed to several factors. Firstly, increasing consumer awareness of the health risks associated with excessive sugar consumption has led to a growing demand for healthier alternatives. Stevia offers a natural sweetening option that provides sweetness without the added calories of sugar. This aligns with the health-conscious preferences of many consumers, particularly those seeking to reduce their sugar intake.
Furthermore, stevia's recognition and acceptance by regulatory authorities in various countries have played a crucial role in its market dominance. Also, stevia comprises several sterols and antioxidant compounds, including kaempferol. Kaempferol can reduce the risk of pancreatic cancer by 23%. Thus, with such widespread acceptability and availability of stevia, it is expected to substantially grow in the coming years as well.
Market Geographical Share
The Asia Pacific Region Held the Largest Market Share in the Food Sweeteners Market
The Asia Pacific region has a large population, including countries such as China and India, which are experiencing rapid urbanization and economic growth. The increasing disposable incomes and changing lifestyles of consumers in these countries have led to greater demand for processed food and beverages, including products with reduced sugar content or alternative sweeteners.
Furthermore, traditional Asian diets tend to be rich in carbohydrates and sugars. As health consciousness rises and concerns about diet-related diseases, such as obesity and diabetes, grow, there is a growing demand for healthier alternatives to sugar in the region. This has driven the adoption of low-calorie sweeteners and alternative sweeteners, such as stevia, as consumers seek to reduce their sugar intake while still enjoying sweet flavors.
Food Sweeteners Companies
The major global players in the market include Cargill Inc, Kerry Group, Corbion Purac, Stevia First Corporation, Hermes Sweeteners Ltd, Tate & Lyle Plc, Archer Daniels Midland (ADM), Celanese Corporation, Ingredion, and Danisco.
COVID-19 Impact on Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact
The pandemic led to disruptions in the food service industry, with restaurant closures, limited dining options, and a shift towards at-home cooking. This change in consumption patterns may have affected the demand for food sweeteners used in food service establishments, while potentially boosting the demand for sweeteners used in home-cooked meals and baking. The pandemic highlighted the importance of maintaining a healthy lifestyle and boosting the immune system. Consumers increasingly prioritized their health and sought out products that supported their well-being. This emphasis on health and wellness may have influenced the demand for low-calorie sweeteners or natural alternatives to reduce sugar intake.
Key Developments
- In June 2023, Batory Foods, a national distributor of food and fine ingredients, acquired Ohio-based Tri-State Companies, a food ingredients broker, distributor, and logistics provider. This acquisition transforms Batory’s service offerings in the Northeast, Midwest, and Southeast with the addition of Tri-State’s 100,000-square-foot, multi-temperature zone distribution center.
- In May 2021, Amyris, Inc., a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, announced that it has signed an agreement with Ingredion Incorporated, a leading global ingredient solutions provider to the food and beverage industry, for the exclusive licensing of Amyris's zero-calorie, nature-based, fermented Reb M sweetener.
Why Purchase the Report?
- To visualize the global plant extracts market segmentation based on type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of plant extracts market-level with all segments.
- The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global Food Sweeteners market report would provide approximately 53 tables, 49 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
