Alternative Sweeteners Market Scenario:
Alternative Sweeteners Market Size is anticipated to reach USD 6,689.6 Million by 2030, registering a CAGR of 4.8% during 2022-2030. Alternative sweeteners are considered additives that are used to sweeten and enhance the flavor of food & beverages. These sweeteners are used in low concentrations since the level of sweetness is higher compared to regular sugar. Alternative sweeteners possess a lower glycemic index, which keeps the insulin levels unaffected post-intake; hence, they are used as a low-calorie food additive. Glycemic index can be determined by how quickly and how much a food product raises a person's blood sugar after eating. Alternative sweeteners are either synthetic or natural. Some of the synthetic sweeteners are aspartame, acesulfame-k, and sucralose. Alternative sweeteners such as stevia, sorbitol, xylitol, agave syrup, maple syrup come under natural sweeteners. Including food & beverages, alternative sweeteners have a wide application in pharmaceuticals & nutraceuticals, animal feed, and personal care industries.
The alternative sweeteners market is competitive and projected to witness stiff competition during the forecast period. The rise in health concerns and mitigating the risk of lifestyle diseases have influenced many consumers to adopt low-sugar diets, which are boosting the growth of the global alternative sweeteners industry. One of the most important reasons for the increasing growth of the alternative sweeteners market is the mounting growth of various beverages in both developed and developing countries. In addition, the presence of prominent market players in various regions is further fueling the growth of the global market.
The alternative sweeteners market has been segmented based on product type, application, and region.
The global alternative sweeteners market has been classified, based on product type, as synthetic and natural. The synthetic segment is further bifurcated into aspartame, acesulfame-k, sucralose, saccharin, and others. The subdivisions of the natural segment are stevia, sorbitol, xylitol, erythritol, and others.
The application segment in the global market has been divided into food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The food & beverages segment is further bifurcated into bakery & confectionery, beverages, dairy & frozen desserts, and sweet & savory snacks.
The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American alternative sweeteners industry has further been segmented into the US, Canada, and Mexico.
The European alternative sweeteners market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The alternative sweeteners industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The alternative sweeteners industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Archer Daniels Midland Company (US), Hill Pharmaceutical Co. Ltd. (China), DuPont Nutrition & Health (Denmark), Tate & Lyle Plc (UK), Cargill Incorporated (US), Macandrews & Forbes Incorporate (US), Ingredion Incorporated (US), Roquette Freres S.A. (France), Associated British PLC (UK), JJD Enterprise (India), Denk Ingredients (Germany), Azúcares Prieto (Spain), Niutang Changhai Food Additives Co, Ltd. (China), A.B. Enterprise (India), and Sunwin Stevia International (China).
Global Alternative Sweeteners Market Share (%), by Region, 2021 
Source: Secondary Sources and MRFR Analysis
Globally, North America is expected to dominate the alternative sweeteners market due to the high preference of the large, processed food industry. Developed countries such as the US and Canada are contributing to the growth of the alternative sweeteners industry with the high production and export of various beverages. Furthermore, the ongoing growth of energy and sports drinks is anticipated to enhance the alternative sweetener market growth in the forecast period.
Asia-Pacific is expected to register the highest CAGR in the alternative sweeteners market during the forecast period due to changing lifestyles and growing urbanization in the region. Increasing health concerns among consumers and the presence of prominent market players are driving the growth of the alternative sweeteners industry in Asia-Pacific. In addition, the increasing government initiative to expand the pharmaceutical industry is projected to boost the alternative sweetener demand during the forecast period.
Intended Audience
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 6689.6 Million |
| CAGR | 4.8% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, By Natural, By Application, and By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Archer Daniels Midland Company (US), Hill Pharmaceutical Co. Ltd. (China), DuPont Nutrition & Health (Denmark), Tate & Lyle Plc (UK), Cargill Incorporated (US), Macandrews & Forbes Incorporate (US), Ingredion Incorporated (US), Roquette Freres S.A. (France), Associated British PLC (UK), JJD Enterprise (India) |
| Key Market Opportunities | Increasing Prevelence of Obesity and Overweight |
| Key Market Drivers | Availability of Alternative Sweeteners in Variety of Forms |
Alternative Sweeteners Market Highlights:
Frequently Asked Questions (FAQ) :
Alternative sweeteners market is projected to grow at approximately 4.8% CAGR during the assessment period (2022-2030).
Alternative sweeteners market is estimated to reach a valuation of approx. USD 6,689.6 Million by the end of 2030.
Hill Pharmaceutical Co. Ltd. (China), Archer Daniels Midland Company (US), DuPont Nutrition & Health (Denmark), JJD Enterprise (India), Cargill Incorporated (US), Tate & Lyle Plc (UK), Niutang Changhai Food Additives Co, Ltd. (China), Macandrews & Forbes Incorporate (US), Roquette Freres S.A. (France), Sunwin Stevia International (China), Ingredion Incorporated (US), Associated British PLC (UK), A.B. Enterprise (India), Denk Ingredients (Germany), and Azúcares Prieto (Spain), are some of the top players operating in the global alternative sweeteners market.
North America holds the largest share in the global alternative sweeteners market, followed by Europe and the Asia Pacific, respectively.
Increasing population and rising per capita disposable income, are the major tailwinds pushing the growth of the global Alternative sweeteners market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
