Global Food Sweetener Market Overview 2023-2028
The global food sweetener market size reached US$ 89.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
Food sweeteners represent food additives that are used to impart a sweet taste to various meals and beverages. They play a role in food preservation, fermentation, baking, and caramelization techniques. These compounds can be derived from natural sources or artificially processed and share similarities with sugar in terms of texture, taste, and interactions with other ingredients. Food sweeteners are low in calories and offer benefits such as preventing tooth decay, controlling blood sugar levels, combating diabetes, and aiding in weight management. They are used in soups, confectionery, candies, sauces, dressings, and other baked goods. Consequently, food sweeteners are in extensive demand across the globe.
Global Food Sweetener Market Trends and Drivers:
The food sweetener market is primarily driven by the increasing demand for low-sugar and low-calorie consumer goods, including diet coke, yogurt, ice cream, and grain-based desserts, owing to the growing health consciousness and the escalating prevalence of obesity, diabetes, cardiovascular diseases, and other lifestyle-related ailments across the globe. Apart from this, the introduction of natural sweeteners made from organic ingredients, such as stevia and honey, which aim to mimic the taste of traditional sugar, is acting as another significant growth-inducing factor. Additionally, the elevating focus among manufacturers on expanding their product portfolios by incorporating artificial sweeteners and other sugar substitutes, which include xylitol, erythritol, and mannitol, into confectionery items is also positively influencing the global market. Furthermore, the rising number of strategic collaborations among key players and the inflating investments in research and development (R&D) activities are expected to bolster the food sweetener market in the coming years.
Global Food Sweetener Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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
The report segmented the market on the basis of region, product type, application and distribution channel.
Breakup by Product Type:
- Sucrose
- Starch Sweeteners and Sugar Alcohols
- Dextrose
- High Fructose Corn Syrup (HFCS)
- Maltodextrin
- Sorbitol
- Xylitol
- Others
- High Intensity Sweeteners (HIS)
- Sucralose
- Stevia
- Aspartame
- Saccharin
- Neotame
- Acesulfame Potassium (Ace-K)
- Others
Breakup by Application:
- Bakery and Confectionery
- Dairy and Desserts
- Beverages
- Meat and Meat Products
- Soups, Sauces and Dressings
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Convenience Stores
- Online Stores
- 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
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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