Market Size of Food Sweetener Industry
| 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 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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| Sucrose (Common Sugar) | ||||||||||
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| Bakery and Confectionery | |
| Dairy and Desserts | |
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| Meat and Meat Products | |
| Soups, Sauces, and Dressings | |
| Other Applications |
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Food Sweetener Market Size Summary
The food sweetener market is experiencing significant growth, driven by changing consumer preferences and increasing health consciousness. As lifestyles become more fast-paced, there is a rising demand for convenience foods, which in turn boosts the need for sweeteners, particularly in the United States. The consumption of sugar substitutes like xylitol, erythritol, and mannitol is on the rise due to heightened consumer awareness and regulatory measures aimed at reducing sugar intake. Natural and zero-calorie sweeteners, such as stevia, are gaining popularity as consumers seek healthier options to combat obesity. The market is also benefiting from the growing inclination towards low-calorie beverages and foods, supported by advancements in understanding sweetness receptors and regulatory approvals for artificial sweeteners in various food products.
Globally, the demand for food sweeteners is further fueled by the increasing consumption of processed and packaged foods, driven by urbanization, a growing middle class, and rising disposable incomes. China stands out as a major player in the sweetener market, with significant production and consumption of high-intensity sweeteners like saccharin and stevia. The economic importance of stevia has attracted attention from major food and beverage companies, leading to expanded product ranges featuring natural, plant-based sweeteners. Key industry players such as Cargill Inc., Tate & Lyle PLC, and Archer Daniels Midland Company are focusing on innovation, acquisitions, and partnerships to strengthen their market positions. The market's expansion is supported by substantial investments in research and development to meet the evolving consumer demands for low-calorie and natural ingredient-based products.
Food Sweetener Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Sucrose (Common Sugar)
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2.1.2 Starch Sweeteners and Sugar Alcohols
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2.1.2.1 Dextrose
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2.1.2.2 High Fructose Corn Syrup (HFCS)
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2.1.2.3 Maltodextrin
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2.1.2.4 Sorbitol
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2.1.2.5 Xylitol
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2.1.2.6 Other Starch Sweeteners and Sugar Alcohols
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2.1.3 High-intensity Sweeteners (HIS)
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2.1.3.1 Sucralose
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2.1.3.2 Aspartame
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2.1.3.3 Saccharin
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2.1.3.4 Neotame
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2.1.3.5 Stevia
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2.1.3.6 Cyclamate
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2.1.3.7 Ascesulfame Potassium (Ace-K)
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2.1.3.8 Other High-intensity Sweeteners
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2.2 Application
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2.2.1 Bakery and Confectionery
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2.2.2 Dairy and Desserts
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2.2.3 Beverages
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2.2.4 Meat and Meat Products
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2.2.5 Soups, Sauces, and Dressings
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Food Sweetener Market Size 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.
