Global Food Sweetener Market to Reach US$ 109.9 Billion by 2032, Catalyzed by Significant Growth in F&B Industry

February 10, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Food Sweetener Market Report by Product Type (Sucrose, Starch Sweeteners and Sugar Alcohols, High Intensity Sweeteners (HIS)), Application (Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and Meat Products, Soups, Sauces and Dressings, and Others), Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, Convenience Stores, Online Stores, and Others), and Region 2024-2032," the global food sweetener market size reached US$ 91.4 Billion in 2023. Food sweetener refers to an additive used to impart a sweet taste in various food and beverages (F&B). It includes artificial and natural products, such as sucrose, molasses, thaumatin, honey, saccharine, corn syrup, maltitol, xylitol, glucose, and maple syrup. Food sweeteners are identical to sugar in texture, taste, functionality, and interaction with ingredients. They are also used in the fermentation, tenderization, caramelization, and food browning processes. Food sweeteners act as a carrier for trace ingredients and are essential for maintaining freshness, reducing freezing points, retaining moisture, enhancing flavor, and improving viscosity. They also assist in regulating calorie intake and minimizing the risk of various diseases, such as diabetes, obesity, and tooth decay.


Global Food Sweetener Market Trends:

The rising product utilization in the F&B industry is one of the primary factors driving the market growth. Food sweeteners are widely used in soft drinks, candies, chewing gums, yogurt, desserts, cold breakfast cereals, instant coffee, tea, puddings, ice creams, toppings, fruit juices, dairy, and bakery products. Moreover, the escalating demand for various convenience and processed goods, such as ready-to-eat (RTE) foods, ready-to-drink (RTD) beverages, frozen dinners, and snacks, is acting as another growth-inducing factor. Furthermore, the increasing concerns regarding the prevalence of obesity are encouraging consumers to opt for natural and zero-calorie sweeteners, which, in turn, is propelling the market growth. In line with this, rising consumer awareness regarding various health benefits of the product, as it prevents tooth decay, controls blood sugar levels, reduces calorie intake, maintains weight, and aids in managing diabetes and cardiovascular diseases (CVDs), is providing an impetus to the market growth. Apart from this, the introduction of plant-based food sweeteners, such as stevia and monk fruit, that are healthier, safer, more reliable, and offer improved taste, is positively influencing the market growth. Additionally, the widespread product utilization to manufacture low-sugar and -calorie consumer goods, such as ice cream, diet coke, and puddings, due to the rising health consciousness among the masses, is favoring the market growth. Other factors, including rising expenditure capacities of consumers, increasing product availability across various e-commerce platforms, and the implementation of various government initiatives to reduce sugar consumption, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 109.9 Billion by 2032, exhibiting a CAGR of 2.01% during 2024-2032.


Market Summary:

  • On the basis of the product type, the market has been divided into sucrose, starch sweeteners and sugar alcohols (dextrose, high fructose corn syrup (HFCS), maltodextrin, sorbitol, xylitol, and others), and high intensity sweeteners (HIS) (sucralose, stevia, aspartame, saccharin, neotame, acesulfame potassium (Ace-K), and others).
  • Based on the application, the market has been classified into bakery and confectionery, dairy and desserts, beverages, meat and meat products, soups, sauces, and dressings, and others.
  • On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, departmental stores, convenience stores, online stores, and others.
  • On a regional basis, the market has been categorized 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 industry has also been examined, with some of the key players being Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Foodchem International Corporation, GLG Life Tech Corporation, Ingredion Incorporated, NutraSweet Company (Manus Bio), S&W Seed Company, Tate & Lyle PLC and Tereos.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Distribution Channel, 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, Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Foodchem International Corporation, GLG Life Tech Corporation, Ingredion Incorporated, NutraSweet Company (Manus Bio), S&W Seed Company, Tate & Lyle PLC and Tereos
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Food Sweetener Market to Reach US$ 109.9 Billion by 2032, Catalyzed by Significant Growth in F&B Industry
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More