Market Size of Specialty Sweeteners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Specialty Sweetener Market Analysis
Global specialty sweeteners market is projected to grow at a CAGR of 5.5% during the forecast period.
- The market is primarily driven by extensive application spectrum of specialty sweeteners across various end-user sectors. The increasing health concerns and negative consumer opinions about sugar and other high calories have brought high-intensity natural sweeteners and polyols on a center-stage. This trend is expected to remain strong during the forecast period.
- Based on the type, natural sweeteners are expected to witness higher growth rates owing to their clean label claims, however, the sensory profiles associated with these ingredients continue to remain a formulation challenge for manufacturers and processors.
- The growth in demand for specialty sweeteners in industrial and non-industrial applications and changing consumer preferences have accelerated its growth in the North American market.
