According to the latest report by IMARC Group, titled “Alternative Sweeteners Market Report by Product Type (High Fructose Syrup, High-Intensity Sweeteners, Low-Intensity Sweeteners), Source (Natural, Synthetic), Application (Food, Beverages, and Others), and Region 2024-2032,” the global alternative sweeteners market size reached US$ 4.9 Billion in 2023. Alternative sweeteners, also known as sugar substitutes, are substances that offer a sweet taste similar to sugar but with fewer calories or none at all. These additives have gained substantial traction in the food and beverage (F&B) industry, providing consumers with options to enjoy sweetness without the caloric impact of traditional sugars. They cater to health-conscious individuals, diabetics, and those seeking to manage their weight. Alternative sweeteners can be derived from various sources, including natural sources like stevia, monk fruit, and erythritol, as well as synthetic sources like aspartame, saccharin, and sucralose. These sweeteners are widely used in a range of products, from beverages and baked goods to dairy items and condiments, fostering innovation and product diversification in the market.
Global Alternative Sweeteners Market Trends:
The global alternative sweeteners market is experiencing significant growth, impelled by rising global health awareness, prompting consumers to seek healthier dietary choices. Besides this, the escalating prevalence of obesity and diabetes has heightened the need for reduced sugar or sugar-free options, creating a favorable outlook for market expansion. Additionally, the growing emphasis on weight management and wellness has prompted F&B manufacturers to use alternative sweeteners in their products to align with these trends, presenting remunerative opportunities for the market. Concurrent with this, the significant expansion of the fitness-conscious demographic, driven by the increasing influence of social media and celebrity endorsements of healthy lifestyles, has propelled the adoption of products containing alternative sweeteners. Moreover, ongoing technological advancements and extensive research in the field have led to the development of alternative sweeteners with improved taste profiles and stability, addressing concerns about aftertastes often associated with earlier formulations. Furthermore, regulatory factors have played a crucial role in market growth through approvals and funding, which, in turn, has fueled their incorporation into a broader array of consumables. Looking forward, the market value is projected to reach US$ 7.0 Billion by 2032, expanding at a CAGR of 4.05% during 2024-2032.
Market Summary:
- On the basis of the product type, the market has been divided into high fructose syrup, high-intensity sweeteners, and low-intensity sweeteners.
- Based on the source, the market is bifurcated into natural and synthetic.
- On the basis of the application, the market has been segregated into food, beverages, and others.
- Based on the region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Ajinomoto Co. Inc., Archer-Daniels-Midland Company, BENEO (Südzucker AG), Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Heartland Food Products Group, Ingredion Inc., Roquette Frères and Tate & Lyle PLC.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Product Type, Source, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Ajinomoto Co. Inc., Archer-Daniels-Midland Company, BENEO (Südzucker AG), Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Heartland Food Products Group, Ingredion Inc., Roquette Frères and Tate & Lyle PLC |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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