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Sweeteners Market worth $79.16 billion by 2030, growing at a CAGR of 4.35% - Exclusive Report by 360iResearch
Sweeteners Market | 360iResearch
The Global Sweeteners Market to grow from USD 58.72 billion in 2023 to USD 79.16 billion by 2030, at a CAGR of 4.35%.
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Sweeteners are substances that are used to impart sweetness to foods and beverages. These are commonly categorized into two primary groups, nutritive sweeteners and non-nutritive sweeteners. Nutritive sweeteners provide calories to the diet and include natural sugars such as glucose, sucrose, and fructose, as well as sugar alcohols such as xylitol and sorbitol. On the other hand, non-nutritive sweeteners provide minimal or no calories and are much sweeter than sugar. These include artificial sweeteners such as aspartame, sucralose, and saccharin, as well as natural ones such as stevia and monk fruit extract. An increase in diabetes and obesity rates and a growing awareness about the benefits of maintaining a healthy diet have led to a need for low-calorie sweeteners. Moreover, a shift in consumer preference towards natural and organic products influences the development and adoption of natural sweeteners. However, products containing certain sweeteners have been recalled owing to health, safety, or allergic concerns, which can raise issues regarding the reliability of the sweeteners. Additionally, complexities in the production of sweeteners may dissuade manufacturers from investing in the production technologies of sweeteners. However, key players are exploring novel biotechnological processes and AI/ML-based strategies to optimize the production of sweeteners. Furthermore, researching and producing sweeteners that can offer additional health benefits and enhancing the flavor profile of low-calorie sweeteners to better replicate sugar can create new avenues of growth for the sweetener industry.
In the Americas, health concerns and high obesity rates have steered consumers towards low-calorie and natural sweetener options. The US has seen an influx of patents focusing on refining sweetener composition to reduce aftertaste and enhance palatability. Technological advancements in the realm of the food sector have created new product formulations with enhanced flavor and taste profiles. The European Union is a heavily regulated region with established authorities such as the European Food Safety Authority(EFSA) rigorously evaluating the safety of sweeteners. A growing interest in organic and plant-based food has amplified the demand for natural sweeteners like xylitol and erythritol. The EU is exploring sweetener applications beyond taste, including functional health benefits, aligning with the wellness trends dominating consumer purchases. Growing urbanization and increasing health concerns and awareness in the APAC region have created a need for sweeteners. The expansion of e-commerce distribution channels and a growing preference for healthy packaged food products have contributed to the growth of the sweetener industry. The globalization of food culture and the rising popularity of functional food and beverage products in the APAC region present additional opportunities for the sweetener market.
Market Segmentation & Coverage:
This research report categorizes the Sweeteners Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Types, market is studied across Artificial Sweeteners, Naturally-derived Low-Calorie Sweeteners, Sugar Alcohols, and Sugars. The Naturally-derived Low-Calorie Sweeteners is further studied across Monk Fruit and Stevia. The Sugar Alcohols is projected to witness significant market share during forecast period.
Based on Form, market is studied across Liquid and Solid. The Solid is further studied across Amorphous and Crystalline. The Liquid is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Application, market is studied across Bakery & Confectionery and Pharmaceuticals. The Bakery & Confectionery is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.76% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Sweeteners Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Sweeteners Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Sweeteners Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc, Archer-Daniels-Midland Company, Cargill, Incorporated, Celanese Corporation, DFI Corporation, DuPont de Nemours, Inc., EPC Group, Firmenich International SA by DSM-Firmenich AG, Foodchem International Corporation, GLG Life Tech Corp., Hive Brands, Howtian, LLC, Ingredion Incorporated, International Flavors & Fragrances Inc., JK Sucralose Inc, Kerry Group plc, Layn Natural Ingredients, Nestlé S.A., PepsiCo, Inc., Pyure Brands LLC, Roquette Frères S.A., Royal Ingredients Group B.V., SweeGen, Inc., Südzucker AG, and Tate & Lyle plc.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sweeteners Market, by Types
7. Sweeteners Market, by Form
8. Sweeteners Market, by Distribution Channel
9. Sweeteners Market, by Application
10. Americas Sweeteners Market
11. Asia-Pacific Sweeteners Market
12. Europe, Middle East & Africa Sweeteners Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Sweeteners Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sweeteners Market?
3. What is the competitive strategic window for opportunities in the Sweeteners Market?
4. What are the technology trends and regulatory frameworks in the Sweeteners Market?
5. What is the market share of the leading vendors in the Sweeteners Market?
6. What modes and strategic moves are considered suitable for entering the Sweeteners Market?
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