About Food Sweeteners
Sweeteners are food additives that are used to impart a sweet taste with or without providing energy. Traditional sweeteners refer to sugars that exist in numerous forms, the most familiar of which is sucrose. Natural sweeteners are sweet-tasting compounds along with some nutritional value; the main ingredient of natural sweeteners is either mono or disaccharides. The global food sweeteners market is expected to witness significant growth over the forecast period owing to rising health concerns regarding weight-related problems and increasing consumer preference for healthy and low-calorie food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.47% |
The market is highly competitive with the presence of many large international as well as local players in Europe. To sustain themselves in the market, these manufacturers are coming up with innovative multifunctional products to meet the changing requirements of customers. Several new players are also expected to enter this market in the coming years because of low switching costs for buyers and low brand loyalty. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Food Sweeteners market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tate & Lyle PLC (United Kingdom), Cargill Incorporated (United States), Archer Daniels Midland Company (United States), DuPont (United States), Ingredion Incorporated (United States), Ajinomoto Co., Inc. (Japan), PureCircle Limited (Malaysia), NutraSweet Company (United States), GLG Life Tech Corporation (Canada) and Tereos S.A. (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Celanese Corporation (United States) and Roquette Freres (France).
Segmentation Overview
AMA Research has segmented the market of Global Food Sweeteners market by Type (Sucrose, Starch Sweeteners and Sugar Alcohols [Dextrose, High Fructose Corn Syrup (HFCS), Maltodextrin,, Sorbitol, Xylitol, Others] and High-Intensity Sweeteners [Sucralose, Aspartame, Saccharin, Cyclamate, Ace-K, Neotame, Stevia, Others]), Application (Dairy, Bakery, Soups, Sauces, and Dressings, Confectionery, Beverages and Others) and Region.
On the basis of geography, the market of Food Sweeteners has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Food Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Food Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Packets will boost the Food Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Awareness Regarding the Harmful Effects of Excessive Sugar Consumption
Market Growth Drivers:
Rising Health Concerns Regarding Weight-Related Problems and Increasing Consumer Preference for Healthy and Low-Calorie Food
Challenges:
Stringent Government Regulations Regarding Food Products
Restraints:
Uncertainty about Health-Related Issues Due to Consumption of Alternate Sweeteners
Opportunities:
Increasing R&D to Develop New Food Sweeteners by Using Advanced Technology
Market Leaders and their expansionary development strategies
In April 2023, Stevia and monk fruit sweetener maker SweetLeaf is partnering with the American Diabetes Association to promote its natural, non-sugar sweetener as a healthier and diabetes-safe alternative. The company also will develop and promote recipes on the ADA’s Diabetes Food Hub website, do online cooking demos with ADA-approved chefs and promote the ADA’s online Type 2 Diabetes Risk Test.
In June 2023, Wisdom Natural Brands has launched calorie sugars that taste, bake, brown and caramelize just like sugar. Both product lines offer new options for consumers seeking natural sugar alternatives – including the first reduced calorie coconut and date sugars – with no artificial ingredients and none of the cooling effect of other sugar replacements, such as erythritol.
Key Target Audience
Manufacturers of Food Sweeteners, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Food Sweeteners, Food Industry, Governmental Bodies, Regulatory Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.