Global Food Sweetener Market Overview 2023-2028
Food sweeteners are additives used to give a sweet flavor to a variety of foods and beverages. They serve various purposes in food preparation, including preservation, fermentation, baking, and caramelization. These substances can be obtained from natural sources or produced artificially, and they share similarities with sugar in terms of texture, taste, and interactions with other ingredients. In addition to being low in calories, food sweeteners offer several benefits such as preventing tooth decay, regulating blood sugar levels, managing diabetes, and supporting weight management. They are commonly found in soups, confectionery, candies, sauces, dressings, and baked goods. As a result, there is a significant global demand for food sweeteners.
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.
Global Food Sweetener Market Trends and Drivers:
The increasing demand for low-sugar and low-calorie consumer goods, such as diet coke, yogurt, ice cream, and grain-based desserts, is driving the growth of the food sweetener market. This demand is fueled by a rising health consciousness and the growing prevalence of obesity, diabetes, cardiovascular diseases, and other lifestyle-related ailments worldwide. Another significant factor contributing to market growth is the introduction of natural sweeteners made from organic ingredients like stevia and honey, which aim to replicate the taste of traditional sugar. Moreover, manufacturers are focusing on expanding their product portfolios by incorporating artificial sweeteners and other sugar substitutes, including xylitol, erythritol, and mannitol, into confectionery items, further driving the global market. Additionally, the increasing number of strategic collaborations among key players and the growing investments in research and development (R&D) activities are expected to strengthen the food sweetener market in the future.
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
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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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