Market Size of Europe Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.46 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Sweetener Market Analysis
Over the next five years, the food sweetener market in Europe is expected to grow at a CAGR of 1.46 %.
Consumers these days are becoming more aware of their food consumption and the ingredients in it. Most consumers prefer plant-based ingredients in their food. To meet market demand, market players have been launching plant-based ingredients, such as plant-based sweeteners. Due to the rise in disposable income, increased working population, and busy lifestyles, the consumption of processed foods and beverages is increasing. Additionally, the region's demand for food sweeteners is increasing due to increased convenience food and processed food consumption. The use of food sweeteners in processed food increases its taste without adding any calories, which is why its demand is increasing in the region.
Currently, the consumption of sugar substitutes is increasing rapidly in Europe. This is attributed to consumer awareness, government regulation to reduce sugar consumption, and the application of this concept in many health and wellness food products on the market. The other major reason for the growth of sugar substitutes is the increasing population of obese, overweight, and diabetic patients in Europe. According to the British Diabetic Association's data from 2021, around 1.4 million people in the United Kingdom live with diabetes. Most of the market leaders are bringing innovative products, especially stevia-derived products, to meet the growing consumer demand for non-caloric natural sweeteners in both food and beverages.
