|Study Period:||2016 -2027|
|Fastest Growing Market:||South America|
|Largest Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The food sweetener market is projected to witness a CAGR of 2.47% during the forecast period, 2022–2027.
During the COVID-19 outbreak, the demand for sugarless and low-calorie foods witnessed a slump, slightly disrupting the application segment of food sweeteners across the market. However, a few sugar substitutes expect a growing demand in the future, driven by the rising sales, especially of artificial and natural sweeteners. By using different blends of low-calorie sweeteners, subtle taste options can be achieved. Manufacturers choose the low-calorie sweetener, either on its own or as a blend, based on taste considerations, stability, and cost.
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 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.
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. This factor has greatly helped the food sweetener market.
Scope of the Report
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).
|By Product Type|
|Sucrose (Common Sugar)|
|Bakery and Confectionery|
|Dairy and Desserts|
|Meat and Meat Products|
|Soups, Sauces, and Dressings|
Key Market Trends
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 the 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.
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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.
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The food sweetener market is currently dominated by Cargill Inc., Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion, DuPont de Nemours. 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 the emerging countries. Acquisitions and new product launches are the most preferred growth strategies. Leading companies are focusing on expansions and partnerships. The market leaders are focused on launching innovative, low-calorie, and natural ingredient-based products. Huge investments have been made in R&D to develop products for specific needs.
In 2021, Tate & Lyle and Codexis extended their partnership to enhance the production of Tate & Lyle’s newest sweetener, TASTEVA M Stevia Sweetener.
In 2020, Cargill launched C✩TruSweet® 01795, a 95% pure fructose syrup characterized by a naturally higher relative sweetness than sucrose. C✩TruSweet® 01795 enables a 30% sugar and calorie reduction in beverages and other food applications via lower usage levels.
Table of Contents
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 By Product Type
5.1.1 Sucrose (Common Sugar)
5.1.2 Starch Sweeteners and Sugar Alcohols
220.127.116.11 High Fructose Corn Syrup (HFCS)
18.104.22.168 Other Starch Sweeteners and Sugar Alcohols
5.1.3 High-intensity Sweeteners (HIS)
22.214.171.124 Ascesulfame Potassium (Ace-K)
126.96.36.199 Other High-intensity Sweeteners
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Dairy and Desserts
5.2.4 Meat and Meat Products
5.2.5 Soups, Sauces, and Dressings
5.2.6 Other Applications
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle-East and Africa
188.8.131.52 South Africa
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Tate & Lyle PLC
6.4.2 Cargill Incorporated
6.4.3 Archer Daniels Midland Company
6.4.4 DuPont de Nemours Inc.
6.4.5 Ingredion Incorporated
6.4.6 Ajinomoto Co. Inc.
6.4.7 NutraSweet Company
6.4.8 GLG Life Tech Corporation
6.4.9 Tereos SA
6.4.10 Foodchem International Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Food Sweetener Market market is studied from 2016 - 2027.
What is the growth rate of Food Sweetener Market?
The Food Sweetener Market is growing at a CAGR of 2.47% over the next 5 years.
Which region has highest growth rate in Food Sweetener Market?
South America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Food Sweetener Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Food Sweetener Market?
Ingredion Incorporated, Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle, DuPont de Nemours Inc. are the major companies operating in Food Sweetener Market.