Size of the sweeteners market worth USD 733 billion by 2030 at

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New York, U.S., July 26, 2022 (GLOBE NEWSWIRE) — Market overview

According to a comprehensive research report by Market Research Future (MRFR), “Sweeteners Market Information by Type, Application and Region – Forecast to 2030the market is expected to acquire a size of over $733 billion by the end of 2030. The report further forecasts that the market will flourish at a healthy CAGR of over 3.51% during the period of exam.

Market summary

Natural sweeteners help customers who choose to live better by providing many health benefits. The food industry is changing dramatically towards healthier food products and alternatives. Innovations in the food industry have advanced over the past few years as more and more people continue to follow the path of wellness and health. The need for innovative food products, such as sweeteners, is growing alongside consumer preference for healthier food options and products. The increase in the manufacturing of organic sweeteners is one of the most recent developments in the global sweetener market. Companies that sell sweeteners are expanding their product lines by listening to what consumers think about stevia, organic honey and other sweeteners. These products have been shown to lower blood sugar levels. Additionally, several studies have shown that stevia has a high degree of digestive tolerance with a low carbohydrate content.

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Report Scope:

Report attribute Details
Market size 2030 $733 billion
CAGR 3.51% (2022-2030)
Year of reference 2021
Forecast period 2022-2030
Historical data 2020
Forecast units Value (USD billion)
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Segments Covered By Type, Artificial, Application
Geographical areas covered North America, Europe, Asia-Pacific and Rest of the World (RoW)
Key Market Drivers Growing demand for non-caloric products
Wide Application of Sweeteners in Processed Foods

Market Competitive Landscape:

The illustrious players in the sweeteners market are:

  • AJINOMOTO (Japan)
  • CELANESE CORPORATION (USA)
  • Kerry Group PLC (Ireland)
  • Cargill Incorporated (USA)
  • Archer Daniels Midland Company (USA)
  • DuPont Nutrition & Health (Denmark)
  • Tate & Lyle plc (UK)

Covered USP market:

Market factors:

Consumers are learning about their dietary needs and what foods are best for them. People are choosing healthier options as health awareness increases among the population. People have recently been consuming low calorie, low sugar and natural foods. Artificial sweeteners have been taken off the market, a healthy alternative to table sugar. The various health benefits of sweeteners are driving the global sweetener market. A recent consumer trend is a demand for products that are low in calories, reduced in sugar and made with all-natural and organic ingredients due to their many health benefits and the increasing prevalence of chronic diseases due to unhealthy dietary practices around the world.

Most health-conscious consumers like products with natural sweeteners because they are low in calories compared to regular sugar and because they are more calorie efficient. Natural sweeteners also negatively affect the human body. The global sweetener market is driven by natural sweeteners enabling consumers to lead a better life without sacrificing flavor. Opportunities for the global Sweeteners market would be created by effective research in the Sweeteners market to manufacture better and improved products.

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Market constraints:

Artificial and natural sweeteners are readily available. The basic ingredients needed to make sweeteners can be expensive. Moreover, it is not easy to produce sweeteners. Therefore, a significant impediment for the high-intensity sweeteners market is the high manufacturing cost and price of sweeteners compared to conventional sugar. Major companies in the global sweetener industry are working hard to find solutions to these problems. These sweeteners should only be used in moderation, as excessive use can lead to serious health problems such as kidney damage, hypoglycemia, and gastrointestinal upset. Many clinical trials are needed to demonstrate that sweeteners are safe, which hinders the expansion of the industry.

COVID 19 analysis

The food and beverage industry is expected to experience supply chain challenges in the coming months as the unique COVID-19 pandemic crisis continues to unfold at an alarming rate around the world. Major beverage companies, including Coca-Cola, said the onset of the unique COVID-19 outbreak caused a delay in the delivery of artificial sweeteners from China. The epidemic has had a significant impact on the availability of the necessary raw materials, in particular sucralose, mainly obtained in China and the United States. However, to address immediate supply chain challenges, major beverage companies are focusing on launching emergency sourcing strategies. Since the COVID-19 pandemic, people have become more aware of the seriousness of any disease if their blood sugar is not controlled. The campaign that followed has now encouraged the general public to live a low-calorie, well-balanced life. Although consumers are more attentive to the claims made on product labels, the absence of sugars still impacts their purchasing decisions.

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Market segmentation

By type

Stevia was the market leader among them and is expected to increase even more throughout the forecast period.

By request

The bakery and confectionery sectors dominate the sweetener market.

Regional outlook

The largest market share for high-intensity sweeteners is found in North America. The sweeteners market in this region is expanding owing to the large bakery and confectionery market in North America. Due to the increasing rates of diabetes and obesity in this country, artificial sweeteners hold a large market share. The sweetener market in this region is expanding due to the increased use of sweeteners by consumers and growing health concerns. Europe holds the second largest market share for high intensity sweeteners. The demand for sweeteners in this region will be driven by the heavy use of sweeteners in alcoholic beverages. Asia-Pacific is growing faster and is expected to have a high CAGR over the projected period for the sweeteners market. The market in the region will increase due to the increase in population and growing health problems.

The demand for higher quality, more nutrient dense foods around the world is largely driven by growing consumer health awareness. Additionally, the industry is growing due to the growing consumer preference for natural products. Additionally, the fast food and bakery sector market is driven by ever-changing consumer lifestyles and eating habits, which has contributed to the strong expansion of the market over the projection period.

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