Natural Sweeteners Market

Market Overview:

The global natural sweeteners market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Natural sweeteners are sugar substitutes that are generally considered relatively healthier. They contain less carbohydrates and fewer calories than sugar and consequently have lower effects on the blood sugar levels of individuals. They comprise agave nectar, brown rice and sorghum syrup, dates, honey, maple syrup, and molasses. At present, people across the globe are becoming increasingly aware about the benefits of using ingredients with minimum processing, which, in turn, is catalyzing the demand for natural sweeteners.

Natural Sweeteners Market Trends:

A high intake of added sugars is associated with higher energy intake, but it can increase the risk of developing obesity, prediabetes, type 2 diabetes, and cardiovascular diseases (CVDs). As a result, natural sweeteners have recently gained immense traction around the world on account of the increasing health consciousness among individuals. This represents one of the key factors bolstering the growth of the market. Apart from this, natural sweeteners are utilized for preparing jams, chocolates, sweets, ice creams, cakes, candies, juices, soft drinks, beverages, and chewing gums. They are also used in oral preparations, lozenges, pills, and tablets. Among oral preparations, these sweeteners help prepare syrup bases to maintain the consistency and viscosity and to mask the bitter taste of the drug. This, coupled with the burgeoning pharmaceutical industry, is fueling the growth of the market. Besides this, increasing intolerances and allergies to certain components and specific food products like gluten are propelling consumers to pay more attention to food items that promote healthier lifestyles for all ages. This, along with the rising number of food and lifestyle-related diseases and promotional campaigns financed by key market players, is driving the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global natural sweeteners market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form, distribution channel and application.

Breakup by Type:

• Stevia
• Sorbitol
• Xylitol
• Mannitol
• Erythritol
• Sweet Proteins
• Others
   

Breakup by Form:

• Liquid
• Powder
• Solid and Crystals
   

Breakup by Distribution Channel:

• Business-To-Customer (B2C)
• Business To Business (B2B)
   

Breakup by Application:

• Bakery Products
• Confectioneries and Gums
• Spreads
• Beverages
• Dairy Products
• Frozen Desserts
• Tabletop Sweeteners
• Pharmaceutical Products
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Cargill Incorporated, FoodChem International Corporation, GLG Life Tech Corporation, Herboveda India, Ingredion Incorporated, Morita Kagaku Kogyo Co. Ltd, PureCircle Ltd, Pyure Brands LLC, Roquette Frères, Sweetly Stevia USA and Tate & Lyle PLC.

Report Coverage: