Food Sweetener Market Size, Share, Growth Analysis, Report 2023-2028

Food Sweetener Market Size, Share, Growth Analysis, Report 2023-2028

Global Food Sweetener Market Overview 2023-2028

The global food sweetener market size reached US$ 89.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

A food sweetener is a type of food additive used to impart sweetness to various food and beverage products, such as soft drinks, confectionery, baked goods, and dietary products. It is widely available in various forms, such as natural sweeteners like sugar and honey, and artificial sweeteners, including saccharin, aspartame, and sucralose, that offer consumers a wide range of sweetening choices to suit their taste preferences and dietary requirements. It is non-cariogenic, which reduces the growth of cavity-causing bacteria in the mouth and provides improved dental health. It acts as a preservative by reducing water activity in products, thereby extending shelf life and preventing microbial spoilage.

It aims to provide a sweet taste to products without the added calories associated with sugar. It can replace sugar in recipes and formulations while maintaining sweetness in them. It can also lower undesirable flavors, bitterness, or aftertaste that may be present in certain ingredients or formulations. It serves as an alternative for individuals who want to enjoy sweet flavors in their food and beverage items while reducing their overall sugar intake. It allows manufacturers to reduce the calorie content of their products, making them suitable for individuals looking to manage their calorie intake or those with dietary restrictions. As it is beneficial for people focusing on weight management by allowing them to satisfy their sweet cravings without the added calories, the demand for food sweetener is increasing across the globe.

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Global Food Sweetener Market Trends and Drivers:

The rising awareness among people about health issues associated with high sugar intake currently represents one of the significant factors strengthening the growth of the market. Apart from this, the increasing adoption of food sweeteners among individuals looking to manage their blood sugar levels is supporting the market growth. Additionally, there is a rise in the demand for lower-calorie and reduced-sugar alternatives to prevent various diseases, such as obesity and diabetes, among the masses. This, coupled with the increasing employment of food sweeteners in non-alcoholic beverages, such as soft drinks and flavored water, is offering lucrative growth opportunities to industry investors. In line with this, the growing demand for natural sweeteners like stevia and monk fruit extracts on account of the rising focus on natural and clean-label products among health-conscious consumers is positively influencing the market.

Moreover, the increasing employment of food sweeteners in baked food products, such as cakes, cookies, pastries, and bread, to enhance their flavor and reduce the overall sugar content is contributing to the growth of the market. Besides this, the rising incorporation of sweeteners into functional and fortified food items, such as protein bars and energy drinks, is bolstering the market growth. In addition, the escalating demand for food sweeteners in liquid medications to improve flavor and make them easier to administer, along with the increasing usage of food sweeteners in toothpaste and mouthwash to enhance taste and reduce bitter or unpleasant flavors, is offering a positive market outlook.

Global Food Sweetener Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Foodchem International Corporation, GLG Life Tech Corporation, Ingredion Incorporated, NutraSweet Company (Manus Bio), S&W Seed Company, Tate & Lyle PLC and Tereos

The report segmented the market on the basis of region, product type, application and distribution channel.

Breakup by Product Type:

  • Sucrose
  • Starch Sweeteners and Sugar Alcohols
    • Dextrose
    • High Fructose Corn Syrup (HFCS)
    • Maltodextrin
    • Sorbitol
    • Xylitol
    • Others
  • High Intensity Sweeteners (HIS)
    • Sucralose
    • Stevia
    • Aspartame
    • Saccharin
    • Neotame
    • Acesulfame Potassium (Ace-K)
    • Others

Breakup by Application:

  • Bakery and Confectionery
  • Dairy and Desserts
  • Beverages
  • Meat and Meat Products
  • Soups, Sauces and Dressings
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Convenience Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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