Food Sweetener Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 89.87 Billion |
| Market Size (2029) | USD 101.53 Billion |
| CAGR (2024 - 2029) | 2.47 % |
| Fastest Growing Market | South America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Food Sweetener Market Analysis
The Food Sweetener Market size is estimated at USD 89.87 billion in 2024, and is expected to reach USD 101.53 billion by 2029, growing at a CAGR of 2.47% during the forecast period (2024-2029).
A fast-paced lifestyle and an increased preference for convenience food are expected to be some of the major drivers for the food processing industry. Furthermore, increased consumption of soft drinks, especially carbonated soft drinks, is expected to drive the demand for sweeteners in the U.S. The changing consumer preference drives the demand for healthier and safer food products with high nutritional value. The consumption of sugar substitutes, such as xylitol, erythritol, and mannitol, is rapidly increasing worldwide, attributed to consumer awareness, government regulations to reduce sugar consumption, and their application in many health and wellness food products in the market.
Increasing concerns regarding the prevalence of obesity are encouraging consumers to opt for natural and zero-calorie sweeteners, such as stevia. According to the Global Stevia Institute's internal survey, approximately 60% of Americans prefer low-calorie sugar in their foods.
The inclination toward low-calorie beverages, such as diet coke and low-calorie drinks, and low-calorie foods, such as yogurt, ice cream, and grain-based desserts, has gained popularity worldwide. The physiology of sweetness receptors is also being studied in greater detail to make food and beverages sweet without using sugar. Also, with the changing regulatory environment and permission for using sweeteners in dairy products, biscuits, and confectionery, the artificial sweeteners segment is witnessing high growth.
Food Sweetener Market Trends
This section covers the major market trends shaping the Food Sweetener Market according to our research experts:
Shift Toward Convenience and Processed Food Consumption
The increasing demand for convenience and processed foods, such as sweet/sugar-based ready-to-eat foods, ready-to-drink beverages, snacks, and frozen meals, is one of the significant factors driving the growth of the high-fructose corn syrup market. Due to the rising urbanization, growing middle-class population, an increasing number of working women, and rising disposable income, the developed and developing regions across the world are witnessing a rising demand for processed and packaged food, which may increase the need for food packaging and sugar processing solutions, driving the demand for high-fructose corn syrup in food and beverage applications across the world. In addition to its sweetening properties, HFCS keeps foods fresh, lowers the freezing point, retains moisture in bran cereals and breakfast bars, enhances fruit and spice flavors, promotes surface browning, and provides fermentability. Overall, the huge demand for food has led the entire value chain to open the markets for HFCS globally, along with new introductions from foreign players.
The demand for food sweeteners around the world is being driven in large part by consumers' growing health consciousness. Additionally, the industry is expanding due to consumers' growing preference for natural products. Additionally, the fast food, bakery, and consumer lifestyle and eating habits are driving the market for these industries, which has resulted in the market experiencing considerable development throughout the projected period. Also, the worldwide use of sugar substitutes like xylitol, erythritol, and mannitol is rising quickly, thanks in part to consumer awareness campaigns, laws requiring less sugar intake, and their inclusion in a variety of marketable health and wellness food items.
Asia Pacific Dominates the Market
China is one of the world's largest producers of sweeteners, dominating the global market for many high-intensity sweeteners, such as saccharin, cyclamate, acesulfame-K (Ace-K), stevia, aspartame, sucralose, glycyrrhizin, alitame, and neotame. Also, the consumption of sweeteners is rising rapidly in China due to the increasing demand for sugar-enriched food and beverage products. Moreover, with the growing economic importance of stevia in the country, players are focusing more on this market. Stevia producer PureCircle is seeking to ramp up production for the Chinese market after receiving a patent for its stevia Reb M sweetener in the country. Further, the increasing demand for natural and healthful alternatives in the region has grabbed the attention of many food and beverage giants in Asia. For example, Coca-Cola and Pepsi's market shares have drastically declined due to the use of aspartame. Bearing this in mind, they have expanded their product ranges with natural plant-based stevia. Therefore, increased demand for natural, non-caloric sweeteners, and high demand for sweeteners in various applications, such as processed food and beverages from emerging economies in Asia, are the major factors driving the market's growth.
Food Sweetener Industry Overview
Cargill Inc., Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion, and DuPont de Nemours currently dominate the food sweetener market. Inc., Sudzucker, and AB Sugar. Players like Cargill, Archer Daniels Midland Company, and Tate & Lyle have a strong foothold in the market due to strong loyalty in emerging countries. Acquisitions and new product launches are the most preferred growth strategies. Leading companies are focusing on expansions and partnerships. The market leaders focus on launching innovative, low-calorie, and natural ingredient-based products. Huge investments have been made in R&D to develop products for specific needs.
Food Sweetener Market Leaders
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Ingredion Incorporated
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Archer Daniels Midland Company
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Cargill Incorporated
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Tate & Lyle
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DuPont de Nemours Inc.
*Disclaimer: Major Players sorted in no particular order
Food Sweetener Market News
- September 2022: Cargill opened a corn wet mill in Pandaan to meet the growing customer needs in starches, sweeteners, and feed markets in Asia and Indonesia.
- 2022: Sweegen launched the sweetener Brazzein in collaboration with Conagen, Bedford. The company claims that brazzein is a zero-calorie, high-intensity, and heat-stable protein, brazzein is 500 to 2,000 times sweeter than conventional sugar.
- July 2021: LaynNatural Ingredients planned to invest USD 148 billion to expand its infrastructure. The company's new manufacturing facility is expected to be completed in three years and will have the capacity to process an additional 4,000 tonnes of stevia leaf extract per year.
Food Sweetener Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Sucrose (Common Sugar)
5.1.2 Starch Sweeteners and Sugar Alcohols
5.1.2.1 Dextrose
5.1.2.2 High Fructose Corn Syrup (HFCS)
5.1.2.3 Maltodextrin
5.1.2.4 Sorbitol
5.1.2.5 Xylitol
5.1.2.6 Other Starch Sweeteners and Sugar Alcohols
5.1.3 High-intensity Sweeteners (HIS)
5.1.3.1 Sucralose
5.1.3.2 Aspartame
5.1.3.3 Saccharin
5.1.3.4 Neotame
5.1.3.5 Stevia
5.1.3.6 Cyclamate
5.1.3.7 Ascesulfame Potassium (Ace-K)
5.1.3.8 Other High-intensity Sweeteners
5.2 Application
5.2.1 Bakery and Confectionery
5.2.2 Dairy and Desserts
5.2.3 Beverages
5.2.4 Meat and Meat Products
5.2.5 Soups, Sauces, and Dressings
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Spain
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Tate & Lyle PLC
6.3.2 Cargill Incorporated
6.3.3 Archer Daniels Midland Company
6.3.4 DuPont de Nemours Inc.
6.3.5 Ingredion Incorporated
6.3.6 Ajinomoto Co. Inc.
6.3.7 NutraSweet Company
6.3.8 GLG Life Tech Corporation
6.3.9 Tereos SA
6.3.10 Foodchem International Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Food Sweetener Industry Segmentation
Sweeteners are the various natural and artificial substances that impart a sweet taste to foods and beverages. The food sweetener market is segmented by type into sucrose, starch sweeteners and sugar alcohols, and high-intensity sweeteners (HIS). Starch sweeteners and sugar alcohols are sub-segmented into dextrose, HFCS, maltodextrin, sorbitol, and other starch sweeteners and sugar alcohols. The high-intensity sweeteners (HIS) are further sub-segmented into sucralose, aspartame, saccharin, neotame, stevia, cyclamate, acesulfame potassium (Ace-K), and others. By application, the market is segmented into bakery and confectionery, dairy and desserts, meat and meat products, soups, sauces, and dressings, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market sizing and forecast have been done based on value (USD million).
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| Application | |
| Bakery and Confectionery | |
| Dairy and Desserts | |
| Beverages | |
| Meat and Meat Products | |
| Soups, Sauces, and Dressings | |
| Other Applications |
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Food Sweetener Market Research FAQs
How big is the Food Sweetener Market?
The Food Sweetener Market size is expected to reach USD 89.87 billion in 2024 and grow at a CAGR of 2.47% to reach USD 101.53 billion by 2029.
What is the current Food Sweetener Market size?
In 2024, the Food Sweetener Market size is expected to reach USD 89.87 billion.
Who are the key players in Food Sweetener Market?
Ingredion Incorporated, Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle and DuPont de Nemours Inc. are the major companies operating in the Food Sweetener Market.
Which is the fastest growing region in Food Sweetener Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Food Sweetener Market?
In 2024, the Asia Pacific accounts for the largest market share in Food Sweetener Market.
What years does this Food Sweetener Market cover, and what was the market size in 2023?
In 2023, the Food Sweetener Market size was estimated at USD 87.70 billion. The report covers the Food Sweetener Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Sweetener Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Sweetener Industry Report
The global market for food sweeteners is segmented by type, application, and geography. The market size and forecasts are provided in terms of value for all segments. This market analysis includes a forecast outlook and a historical overview, offering a comprehensive industry analysis.
The market report highlights the significant growth rate of the food sweeteners industry, driven by increasing demand in various applications such as bakery and confectionery, dairy and desserts, meat and meat products, and soups, sauces, and dressings. The industry reports indicate that the market trends are influenced by consumer preferences and regulatory changes.
Market research shows that North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are key regions contributing to the market growth. The industry information reveals that high-intensity sweeteners and starch sweeteners are among the leading segments in terms of market share.
The market forecast predicts continued growth, supported by innovations and developments in the food sweeteners sector. Industry sales and market data suggest that market leaders are focusing on expanding their product portfolios to cater to diverse consumer needs. The market overview and market review provide insights into the competitive landscape and the strategies adopted by key players.
The industry outlook is positive, with market predictions indicating a robust demand for food sweeteners. The market segmentation by type and application helps in understanding the specific areas of growth and opportunities. The industry statistics and market value underscore the economic significance of the food sweeteners market.
For a detailed market analysis, the report example and report pdf are available for download. Research companies and industry experts contribute to the comprehensive industry research presented in this report.
