Market Size of Artificial Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Artificial Sweetener Market Analysis
The artificial sweetener market is projected to register a CAGR of 3.7% during the upcoming five years.
- Artificial sweeteners are commonly used as a substitute for sugar to maintain blood sugar levels, and they are commonly found in processed foods and beverages such as candies, jams, and baked goods. Aspartame, sodium benzoate, and saccharin are among the most popular artificial sweeteners available in the market, with aspartame being commonly used as a tabletop sweetener that is approximately 200 times sweeter than regular sugar. It is used in low-calorie desserts, sugar-free chewing gum, cereal, and coffee.
- The demand for no-calorie or low-calorie versions of food and beverages has been increasing at a rapid pace in recent years due to the rise in health-conscious consumers across the globe. Artificial sweeteners, which are sweeter than table sugar but have a lower energy density, have been widely used in the food and beverage industry in products such as soft drinks, sauces, chewing gum, jellies, dressings, baked goods, candy, fruit juice, ice cream, and more. The soft drink industry, in particular, has seen a significant increase in the consumption of artificial sweeteners due to the growing demand for low-sugar and diet beverages.
- While concerns about clean-label solutions and complex regulatory structures in Europe and the United States may limit market growth, product innovation and increasing demand for artificial sweeteners may help drive further growth in the market during the forecast period.
