Natural Sweeteners Market Size, Share, Forecast, & Trends Analysis by Type, Nature, Form, Application

Description

List of Tables

Natural Sweeteners Market Size, Share, Forecast, & Trends Analysis by Type (High Fructose Corn Syrup, Stevia, Monk Fruits, Sorbitol, Mannitol), Nature (Nutritive, Non-nutritive), Form (Liquid, Solid), Application (Beverages, Food)-Global Forecast to 2031

According to a new market research report titled, 'Natural Sweeteners Market Size, Share, Forecast, & Trends Analysis by Type (High Fructose Corn Syrup, Stevia, Monk Fruits, Sorbitol, Mannitol), Nature (Nutritive, Non-nutritive), Form (Liquid, Solid), Application (Beverages, Food)-Global Forecast to 2031,' published by Meticulous Research(R), the natural sweeteners market is projected to reach $24.48 billion by 2031, at a CAGR of 4.3% from 2024 to 2031. The report provides an in-depth analysis of the natural sweeteners market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.

The growth of the natural sweeteners market is primarily driven by the increasing prevalence of diabetes and obesity, growing consumption of natural sweeteners, and increasing demand for natural ingredients in the food & beverages industry. However, stringent government regulations and fluctuations in raw material prices restrain the growth of this market to some extent.

Furthermore, increasing government regulation to reduce sugar consumption and emerging economies are expected to generate significant growth opportunities for the stakeholders in this market. On the other hand, labeling and claims issues and the high production cost of natural sweeteners with premium prices are the major challenges impacting the growth of the natural sweeteners market.

Moreover, the increasing adoption of clean-label products, increasing awareness of health & wellness, and growing demand for diabetic-friendly food products are major trends in the natural sweeteners market.

Key Players

The key players operating in the natural sweeteners market are Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), SweeGen, Inc. (U.S.), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), Roquette Freres (France), Guilin Layn Natural Ingredients Corp. (China), Monk Fruit Corp. (U.S.), DSM-Firmenich AG (Switzerland), Associated British Foods plc (U.K.), Sunwin Stevia International, Inc. (U.S.), Dupont De Nemours, Inc. (U.S.), Matsutani Chemical Industry Co., Ltd. (Japan), Anderson Advanced Ingredients (U.S.), FoodChem International Corporation (China), and Stevia Hub India (India).

Based on type, the natural sweeteners market is segmented into high fructose corn syrup (HFCS), stevia, monk fruits, sorbitol, mannitol, xylitol, erythritol, sweet proteins, and other natural sweeteners. In 2024, the high fructose corn syrup segment is expected to account for the largest share of 71.9% of the natural sweeteners market. The large market share of this segment can be attributed to factors such as its high solubility, high stability, ease of handling, and the increasing demand for acidic beverages. There is increasing adoption of high fructose corn syrup as a cost-effective sweetener in various food and beverage applications, including carbonated drinks, baked goods, processed foods, and confectionery, further driving the growth of the market.

However, the stevia segment is projected to witness the highest growth rate of 7.9% during the forecast period of 2024-2031. This growth is driven by the growing demand for natural ingredients in various food and beverage products, growing demand for sugar-free and low-sugar confectionery products, and growing consumer preference for clean-label and healthy products.

Based on nature, the natural sweeteners market is segmented into nutritive natural sweeteners and non-nutritive natural sweeteners. In 2024, the nutritive natural sweeteners segment is expected to account for the larger share of the natural sweeteners market. The large market share can be attributed to its easy availability and high utilization of high fructose corn syrup and sugar alcohols in beverages, bakeries, and different processed foods.

However, the non-nutritive natural sweeteners segment is projected to witness the highest growth rate during the forecast period of 2024-2031. This growth is driven by the growing demand for low-calorie and sugar-free products and the increasing adoption of non-nutritive natural sweeteners like stevia as a healthier option with no calories and a lower glycemic index than sugar.

Based on form, the natural sweeteners market is segmented into liquid and solid. In 2024, the liquid segment is expected to account for the larger share of the natural sweeteners market. The large market share of this segment can be attributed to its easy availability, ease of dissolving, versatility, flavor enhancement, and high availability of sweeteners in the form of syrups.

Based on application, the natural sweeteners market is segmented into beverages, food, nutrition and health supplements, pharmaceuticals, and other applications. In 2024, the beverages segment is expected to account for the largest share of the natural sweeteners market. The large market share of this segment can be attributed to the increasing adoption of beverage products, high health benefits of natural sweeteners in beverages, increasing natural sweeteners-based product launches and product innovation in beverages, and increasing demand for sugar-free beverages among young consumers. Also, there is increasing demand for various sports supplements and sports drinks, further supporting the growth of the market.

However, the food segment is projected to witness the highest growth rate during the forecast period of 2024-2031. This growth is driven by the growing food demand, increasing consumer preference for fat-free & sugar-free food products, changing food consumption patterns, and extensive use of natural sweeteners in different vegan food products.

Based on geography, the natural sweeteners market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 42.1% of the natural sweeteners market, followed by Asia-Pacific and Europe. North America's significant market share can be attributed to several key factors, including the growing demand for healthy food products, the increasing population of obese & diabetic population, the presence of several players offering natural sweeteners with well-established food & beverage industry, and the high demand for sugar-free products.

Key Questions Answered in the Report:

What is the value of revenue generated by the sale of natural sweeteners?
At what rate is the demand for natural sweeteners projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the natural sweeteners market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product type, nature, form, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the natural sweeteners market?
Who are the major players in the natural sweeteners market? What are their specific product offerings in this market?
What recent developments have taken place in the natural sweeteners market? What impact have these strategic developments created on the market?

Scope of the Report:

Natural Sweeteners Market Assessment-by Type

High Fructose Corn Syrup (HFCS)
Stevia
Monk Fruits
Sorbitol
Mannitol
Xylitol
Erythritol
Sweet Proteins
Other Natural Sweeteners

Natural Sweeteners Market Assessment-by Nature

Nutritive Natural Sweeteners
Non-nutritive Natural Sweeteners

Natural Sweeteners Market Assessment-by Form

Liquid
Solid

Natural Sweeteners Market Assessment-by Application

Beverages
Juices and Soft Drinks
Sports Drinks/ Energy Drinks
Other Beverages
Food
Bakery Products
Confectionery Products
Dairy Products
Tabletop Sweeteners
Cereal-based Products
Other Food Products
Nutrition and Health Supplements
Pharmaceuticals
Other Applications

Natural Sweeteners Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 1041179

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Natural Sweeteners Market Analysis: by Type
- 3.2.2. Natural Sweeteners Market Analysis: by Nature
- 3.2.3. Natural Sweeteners Market Analysis: by Form
- 3.2.4. Natural Sweeteners Market Analysis: by Application
3.3. Natural Sweeteners Market, by Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Increasing Prevalence of Diabetes and Obesity
  - 4.2.1.2. Growing Consumption of Natural Sweeteners
  - 4.2.1.3. Increasing Demand for Natural Ingredients in the Food & Beverages Industry
- 4.2.2. Restraints
  - 4.2.2.1. Stringent Government Regulations
  - 4.2.2.2. Fluctuations in Raw Material Prices
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Government Regulation for Reducing Sugar Consumption
  - 4.2.3.2. Emerging Economies
- 4.2.4. Challenges
  - 4.2.4.1. Product Labeling and Claims Issues
  - 4.2.4.2. High Production Cost of Natural Sweeteners with Premium Prices
4.3. Trend
- 4.3.1. Increasing Adoption of Clean-label Products
- 4.3.2. Increasing Awareness of Health & Wellness
- 4.3.3. Growing Demand for Diabetic-friendly Food Products
4.4. Porters Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition
4.5. Pricing Analysis

5. Natural Sweeteners Market Assessment-by Type

5.1. Overview
5.2. High Fructose Corn Syrup (HFCS)
5.3. Stevia
5.4. Monk Fruit
5.5. Sorbitol
5.6. Mannitol
5.7. Xylitol
5.8. Erythritol
5.9. Sweet Proteins
5.10. Other Natural Sweeteners

6. Natural Sweeteners Market Assessment-by Nature

6.1. Overview
6.2. Nutritive Natural Sweeteners
6.3. Non-nutritive Natural Sweeteners

7. Natural Sweeteners Market Assessment-by Form

7.1. Overview
7.2. Liquid
7.3. Solid

8. Natural Sweeteners Market Assessment-by Application

8.1. Overview
8.2. Beverages
- 8.2.1. Juices and Soft Drinks
- 8.2.2. Sports Drinks/ Energy Drinks
- 8.2.3. Other Beverages
8.3. Food
- 8.3.1. Bakery Products
- 8.3.2. Confectionery Products
- 8.3.3. Dairy Products
- 8.3.4. Tabletop Sweeteners
- 8.3.5. Cereal-based Products
- 8.3.6. Other Food Products
8.4. Nutrition and Health Supplements
8.5. Pharmaceuticals
8.6. Other Applications

9. Natural Sweeteners Market Assessment-by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. U.K.
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Rest of Europe
9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. Australia
- 9.4.5. New Zealand
- 9.4.6. South Korea
- 9.4.7. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
9.6. Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies
10.5. Market Ranking/Positioning of Key Players, 2023

11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1. Archer-Daniels-Midland Company
11.2. Cargill, Incorporated
11.3. SweeGen, Inc.
11.4. Tate & Lyle PLC
11.5. Ingredion Incorporated
11.6. Roquette Freres
11.7. Guilin Layn Natural Ingredients Corp.
11.8. Monk Fruit Corp.
11.9. DSM-Firmenich AG
11.10. Associated British Foods plc
11.11. Sunwin Stevia International, Inc.
11.12. Dupont De Nemours, Inc.
11.13. Matsutani Chemical Industry Co., Ltd.
11.14. Anderson Advanced Ingredients
11.15. Stevia Hub India
11.16. FoodChem International Corporation
11.17. Other Companies

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

12. Appendix

12.1. Available Customization
12.2. Related Reports