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Natural Sweeteners Market Insights, Demand, and Forecast to 2033 | Analysis and Strategies
Natural Sweeteners Market Insights
As per the report, the natural sweeteners market size has grown strongly in recent years. It will grow from $5.71 billion in 2023 to $6.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The natural sweeteners market size is expected to see strong growth in the next few years. It will grow to $7.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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Rising Diabetes And Obesity Rates Fuel Surge In Natural Sweeteners Market As Health-Conscious Consumers Seek Low-Sugar Alternatives
The increasing prevalence of diabetes and obesity is expected to propel the growth of the natural sweeteners market in the coming years. 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. For instance, in 2022, Centers for Disease Control and Prevention, a US-based national public health agency, around 37.3 million people are suffering from diabetes which equals 11.3% of the United States population. Additionally, according to the International Diabetes Federation's December 2021 report, a Belgium-based leading global diabetes community approximately 537 million adults are suffering from diabetes globally, whereas 3 out of 4 adults are in low- and middle-income countries. Therefore, the increasing prevalence of diabetes and obesity drives the growth of the natural sweeteners market.
Zero-Calorie-Based Product Is Gaining Popularity
The growing product innovations are shaping the natural sweeteners market. Major companies operating in the natural sweeteners sector are focused on developing product innovations to strengthen their position. For instance, in April 2021 Manus Bio Inc., a Georgia-based biotechnology company announced the launch of NutraSweet Natural. NutraSweet Natural is a plant-based sweetener with zero calories. The item was created by extracting the most sugary and pristine elements from the Stevia leaf. Manus Bio, a U.S. company specializing in sustainable natural ingredients, utilizes microorganisms to replicate plant processes and generate natural ingredients via fermentation.
The natural sweeteners market covered in this report is segmented -
1) By Type: Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, Other Types
2) By Application: Bakery Goods, Sweet Spreads, Confectionery And Chewing Gums, Beverages, Dairy Products, Other Applications
3) By End-User: Food And Beverages, Pharmaceutical, Direct Sales, Other End-Users
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Major companies operating in the natural sweeteners market include Associated British Foods., Archer-Daniels-Midland Company, Cargill Inc., E.I. du Pont de Nemours & Company, FoodChem International Corporation, Galam Ltd., GLG Life Tech Corp, Herboveda India, Imperial Holly Corporation, Ingredion Inc., Madhava Foods Ltd., Merisant UK Ltd., Morita Kagaku Kogyo Co. Ltd., Ohly GmbH, Associated British Foods plc, DSM NV, Ecogreen Oleochemicals Pvt Ltd., Fooditive B.V, Hearthside Food Solutions LLC, Koninklijke, MacAndrews & Forbes Holdings Inc., Madhava Ltd., Nestle SA, Pyure Brands LLC, Saganà Association, Stevia Biotech Pvt. Ltd., Suminter India Organics Pvt. Ltd., The Real Stevia Company, Wilmar International Ltd., XiliNat
Contents of the report:
1. Executive Summary
2. Natural Sweeteners Market Report Structure
3. Natural Sweeteners Market Trends And Strategies
4. Natural Sweeteners Market - Macro Economic Scenario
5. Natural Sweeteners Market Size And Growth
…..
27. Natural Sweeteners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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