PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616784
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616784
Natural Sweeteners Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Natural Sweeteners Market was valued at USD 11.1 billion in 2023. Projections indicate a 3.7% CAGR from 2024 to 2032. This growth is largely attributed to consumers increasingly favoring healthier, low-calorie sugar alternatives. Sweeteners like stevia are rising in popularity, thanks to their health benefits and minimal effects on blood sugar levels. As consumers become more health-conscious, the market for natural sweeteners is set to expand significantly, primarily due to the surging demand for healthier sugar substitutes. The uptick in lifestyle-related diseases, notably diabetes and obesity, has prompted consumers to pursue low-calorie sweeteners that maintain taste integrity.
Stevia stands out as a front-runner, celebrated for its zero-calorie nature and natural sourcing. Furthermore, prominent companies are actively engaging consumers through product launches at major events. For example, at IFT First 2024 in July 2024, NutraEx introduced "L-arabinose," a "sugar blocker" that curtails sugar absorption. The company highlighted that the rising rates of chronic ailments, especially diabetes and obesity, are driving the appetite for sugar-free options.
The overall industry is segmented into process, grade, application, and region. Forecasts suggest that the stevia segment will witness a robust growth rate of over 8.5% CAGR from 2024 to 2032. This surge is primarily fueled by the escalating consumer inclination towards low-calorie, natural sweeteners. Stevia's high sweetness potency and zero-calorie nature make it a favored choice across diverse applications, from beverages and confectionery to dairy products. As the health-conscious trend intensifies and the quest for natural sugar alternatives grows, stevia's demand is poised to rise.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $11.1 Billion |
| Forecast Value | $15.5 Billion |
| CAGR | 3.7% |
From 2024 to 2032, the confectionery segment of the natural sweeteners market is anticipated to grow at a rate exceeding 3.7%. This growth is spurred by the rising incorporation of natural sweeteners in chocolates, candies, and other confections. With heightened health awareness, consumers are increasingly seeking confectionery items devoid of artificial sweeteners and boasting reduced sugar levels. Natural sweeteners, especially stevia, are becoming the go-to choice in confectionery, delivering the desired sweetness sans the calorie addition.In 2023, Europe commanded a significant portion of the natural sweeteners market. Looking ahead, the region is projected to grow at a rate surpassing 3.6% CAGR from 2024 to 2032. This growth trajectory is fueled by heightened consumer awareness regarding the health advantages of natural sweeteners and a burgeoning appetite for organic, low-calorie products. Moreover, Europe's stringent regulations on artificial sweeteners in food and beverages amplify the demand for natural alternatives, particularly stevia.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
- 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunities
- 3.2.3.1 New markets/applications
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.1.1 Technology evolution
- 3.3.2 Pricing trend, by Region (USD/Ton)
- 3.3.2.1 North America
- 3.3.2.2 Europe
- 3.3.2.3 Asia Pacific
- 3.3.2.4 Latin America
- 3.3.2.5 Middle East & Asia
- 3.3.1 Manufacturing trends
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Stevia
- 5.3 Monk fruit
- 5.4 Raw honey
- 5.5 Xylitol
- 5.6 Agave
- 5.7 Others
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Sports supplements
- 6.3 Bakery
- 6.4 Confectionary
- 6.5 Dairy
- 6.6 Frozen desserts
- 6.7 Beverages
- 6.8 Others
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Archer Daniels Midland Company
- 8.2 Cargill
- 8.3 PureCircle
- 8.4 Steviocal
- 8.5 Truvia
- 8.6 Roquette
- 8.7 Danisco
- 8.8 Procarvit Food Products (India) Pvt Ltd
- 8.9 Madhava Natural Sweeteners
- 8.10 Morita Kagaku Kogyo
- 8.11 Sweetener Supply Corporation
- 8.12 Herboveda
- 8.13 Malt Products Corporation
- 8.14 GLG Life Tech Corp
- 8.15 Tate & Tyle Plc
- 8.16 Beijing Gingko Group
- 8.17 Sunwin Stevia International, Inc.
- 8.18 Zevia
- 8.19 Evolva Holdings S.A.
- 8.20 Clarks UK Ltd.
