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Global Natural Sweeteners Market 2023 Production Analysis, Regional Demand, Future Outlook And Top Key Players Analysis Till 2032 | ABF Ingredients, Archer-Daniels-Midland, Cargill Inc., DuPont Nutrition & Biosciences, FoodChem International Corporation
Natural Sweeteners Market
The Business Research Company's Natural Sweeteners Global Market Report 2023 identifies increasing prevalence of diabetes and obesity as the major driver for the Natural Sweeteners Market's growth in the forecast period. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Many individuals are switching from refined table sugar and high-fructose corn syrup to natural sweeteners because they are a healthier alternative to refined sugars and can help people lose weight.
The global natural sweeteners market size grew from $5.37 billion in 2022 to $5.8 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The natural sweeteners market size is expected to grow to $7.38 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Natural Sweeteners Market are ABF Ingredients, Archer-Daniels-Midland, Cargill Inc., DuPont Nutrition & Biosciences, FoodChem International Corporation, Galam Ltd., GLG Life Tech Corp, Herboveda, Imperial Sugar, Ingredion Incorporated, Madhava Foods, Merisant, Morita Kagaku Kogyo Co. Ltd., Ohly, PureCircle Ltd., Roquette Frères, Sunwin Tech Group Inc., SweetLeaf Stevia, Tate & Lyle PLC, Associated British Foods PLC., Fooditive B.V., Hearthside Food Solutions LLC, Nestle SA, and Wilmar International Limited.
A key trend in the Natural Sweeteners Market includes product innovations. Major companies operating in the natural sweeteners sector are focused on developing product innovations to strengthen their position. For instance, in 2020, DouxMatok, an Israel-based sweetener-alternative start-up launched Incredo Sugar using proprietary technology. Incredo Sugar, which is created from actual cane or beet sugar is a unique solution for sugar reduction as it allows food products to be reduced in sugar by up to 50%.
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The Natural Sweeteners Market is segmented -
By Type: Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, Other Types
By Application: Bakery Goods, Sweet Spreads, Confectionery And Chewing Gums, Beverages, Dairy Products, Other Applications
By End-User: Food And Beverages, Pharmaceutical, Direct Sales, Other End-User
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Natural Sweeteners Market.
The Business Research Company's "Global Natural Sweeteners Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Natural Sweeteners Market Include:
1. Executive Summary
2. Natural Sweeteners Market Characteristics
3. Natural Sweeteners Market Trends And Strategies
4. Natural Sweeteners Market - Macro Economic Scenario
5. Natural Sweeteners Market Size And Growth
……
26. Africa Natural Sweeteners Market
27. Natural Sweeteners Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Sweeteners Market
29. Natural Sweeteners Market Future Outlook and Potential Analysis
30. Appendix
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