Market Size of United States Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.43 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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US Food Sweeteners Market Analysis
The United States Food Sweetener Market size is expected to grow from USD 4.45 billion in 2023 to USD 5.80 billion by 2028, at a CAGR of 5.43% during the forecast period (2023-2028).
The United States is among the world's prominent sugar producers. Unlike most other producing countries, the United States has both large and well-developed sugarcane and sugar beet industries. The demand for natural sweeteners is primarily due to the health food trend. The rising awareness regarding the harmful effects of excessive sugar consumption is augmenting the market's growth. Companies, such as Coca-Cola and PepsiCo, introduced products that contain natural sweeteners, which are expected to positively affect health. Companies are focusing on catering to the rising demand for low-calorie products. Currently, the US market is saturated in the case of natural and artificial sweeteners. Thus, the market is growing at a slow pace.
The demand for sugar substitutes in the country is expected to be fueled by increasing concerns regarding the health impact of excess sugar consumption on the average US diet. On the other hand, the same demand for natural sweeteners is an extension of a healthy food megatrend. Clear awareness regarding the harmful effects of excessive sugar consumption has led to companies in the country opting for natural sweeteners in their food and beverage applications. Consumers in the United States are increasingly seeking plant-based, zero-calorie sweeteners to live a healthier lifestyle. Hence, many food and beverage manufacturers are introducing zero-calorie sweeteners to cater to the consumer preferences.
