Novel Sweeteners Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently published an extensive report on the global Novel Sweeteners Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Novel Sweeteners Market Size (2024E): USD 1,053.7 Million
Projected Market Value (2033F): USD 1,662.8 Million
Global Market Growth Rate (CAGR 2024 to 2033): 5.2%

Novel Sweeteners Market - Report Scope:

The Novel Sweeteners Market encompasses a variety of natural and artificial sweeteners that offer lower calorie counts or more health benefits compared to traditional sweeteners like sugar and high-fructose corn syrup. These sweeteners are widely used in the food and beverage industry, pharmaceuticals, and other sectors, where there is a growing demand for healthier alternatives to sugar. Growth in this market is driven by rising health consciousness among consumers, increasing incidences of diabetes and obesity, and a growing preference for natural and organic food products. The market serves diverse segments, including food and beverage manufacturers, pharmaceutical companies, and dietary supplement producers.

Market Growth Drivers:

Several key factors are driving the global Novel Sweeteners Market. The rising incidence of diabetes and obesity globally boosts the market's growth as more consumers seek low-calorie or sugar-free alternatives. Technological advancements in the extraction and production of novel sweeteners, such as stevia, monk fruit, and allulose, have improved the taste and texture of these products, further fueling market expansion. Additionally, the growing awareness of the harmful effects of excessive sugar consumption and the increasing availability of novel sweeteners in various food and beverage products drive demand. Enhanced research and development activities, along with the introduction of innovative sweeteners and formulations, contribute to market growth by offering more tailored solutions for consumers with different health needs.

Market Restraints:

Despite promising growth prospects, the Novel Sweeteners Market faces challenges related to the high costs of novel sweeteners compared to traditional sugar and artificial sweeteners. Market growth can also be hindered by consumer skepticism towards artificial sweeteners and potential health concerns associated with some sweeteners. Additionally, the availability of alternative sweetening agents, such as sugar alcohols, which are often cheaper and more widely accepted, may limit the market expansion of novel sweeteners. Addressing these issues requires ongoing investment in research and development to improve the safety, affordability, and accessibility of novel sweeteners.

Market Opportunities:

The market presents significant opportunities driven by the increasing adoption of natural sweeteners, such as stevia and monk fruit, which offer health benefits without compromising taste. The development of advanced production technologies that enhance the sweetness profile and stability of novel sweeteners caters to the growing demand for healthier and more sustainable food and beverage products. The expansion of the health and wellness industry, particularly in emerging markets, provides new channels for market growth, allowing companies to reach a broader consumer base and offer access to innovative sweetening solutions. Strategic partnerships, investments in consumer education, and the introduction of clean label products are essential for capitalizing on emerging opportunities and maintaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Novel Sweeteners Market globally?
Which types of novel sweeteners are leading the adoption in various food and beverage segments?
How are technological advancements influencing the competitive landscape of the Novel Sweeteners Market?
Who are the key players in the Novel Sweeteners Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Novel Sweeteners Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Novel Sweeteners Market, including Cargill, Inc., Archer Daniels Midland Company, and Tate & Lyle PLC, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced sweetening solutions and explore new natural sources of sweeteners. Collaborations with food and beverage manufacturers, research institutions, and technology developers facilitate market access and promote the adoption of novel sweeteners. Emphasis on clean label products, high-quality ingredients, and comprehensive consumer education programs fosters market growth and enhances brand loyalty in the evolving Novel Sweeteners Market landscape.

Key Companies Profiled:

Nestle S.A
Cargill Inc.
Archer Daniels Midland Company
Ingredion Incorporated
Tate & Lyle PLC
E.I Dupont De Nemours and Company
Koninklijke DSM N.V
Symrise AG
Ajinomoto Corporation Inc
Raizen S.A
Associated British Foods Plc
Wilmar International Limited

Novel Sweeteners Market Industry Segmentation

By Product Type:

Stevia Extracts
Tagatose
Trehalose

By End Use:

Food & Beverages
Pharmaceuticals
Direct Sales
Baby Snacks
Others

By Application:

Bakery Goods
Sweet Spreads
Confectionary and Chewing Gums
Beverages
Dairy Products
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP21127

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
- 3.1.1. The Ever Growing Obese Population to Spur Demand for Artificial Sweetener
- 3.1.2. Cost Optimization in Manufacturing Facility and Production of Food & Beverage to Gain Sustainability
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Novel Sweeteners Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Novel Sweeteners Market - Pricing Analysis

6.1. Regional Pricing Trend Analysis, 2019-2023
6.2. Global Average Pricing Analysis Benchmark

7. Global Novel Sweeteners Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Food & Beverage industry Overview
- 8.1.3. Global GDP and Infrastructure Investment
- 8.1.4. International Trade
- 8.1.5. Global Industry Outlook
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Global Urbanization Growth Outlook
- 8.2.5. Business Climate
8.3. Global Food and Beverage Industry Overview
- 8.3.1. Food & Beverage Industry Key Indicators
8.4. Supply Chain & Value-Chain Analysis
- 8.4.1. Raw Material Suppliers
- 8.4.2. Product Manufacturers
- 8.4.3. Distribution Channel Industries
8.5. Regional Novel Sweeteners Associations and Organizations
8.6. Policy Developments and Regulatory Scenario
- 8.6.1. The United States Food and Drug Administration (FDA)
- 8.6.2. Canadian Food Inspection Agency
- 8.6.3. European Food Safety Authority (EFSA)
- 8.6.4. The Food Safety and Standards Authority of India (FSSAI)
- 8.6.5. Ministry of Health, Labor and Welfare. (MHLW), Japan
- 8.6.6. National Health Commission (NHC), China
- 8.6.7. Food Standards Australia New Zealand (FSANZ)
8.7. Market Dynamics
- 8.7.1. Drivers
- 8.7.2. Restraints
- 8.7.3. Opportunity Analysis
8.8. Global Supply Demand Analysis

9. Global Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 9.3.1. Stevia Extracts
- 9.3.2. Tagatose
- 9.3.3. Trehalose
9.4. Market Attractiveness Analysis By Product Type

10. Global Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033, by End Use

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 10.3.1. Food & Beverages
- 10.3.2. Pharmaceuticals
- 10.3.3. Direct Sales
- 10.3.4. Baby Snacks
- 10.3.5. Others
10.4. Market Attractiveness Analysis By End Use

11. Global Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033, by Application

11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2033
- 11.3.1. Bakery Goods
- 11.3.2. Sweet Spreads
- 11.3.3. Confectionary and Chewing Gums
- 11.3.4. Beverages
- 11.3.5. Dairy Products
- 11.3.6. Others
11.4. Market Attractiveness Analysis By Application

12. Global Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. South Asia and Pacific
- 12.3.5. East Asia
- 12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By Product Type
- 13.4.3. By End Use
- 13.4.4. By Application
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By End Use
- 13.5.4. By Application
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. Latin America Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. Mexico
  - 14.4.1.3. Argentina
  - 14.4.1.4. Rest of Latin America
- 14.4.2. By Product Type
- 14.4.3. By End Use
- 14.4.4. By Application
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By End Use
- 14.5.4. By Application
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Europe Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Russia
  - 15.4.1.8. Poland
  - 15.4.1.9. Rest of Europe
- 15.4.2. By Product Type
- 15.4.3. By End Use
- 15.4.4. By Application
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By End Use
- 15.5.4. By Application
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. South Asia and Pacific Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. Oceania (Australia & New Zealand)
  - 16.4.1.4. Rest of South Asia & Pacific
- 16.4.2. By Product Type
- 16.4.3. By End Use
- 16.4.4. By Application
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By End Use
- 16.5.4. By Application
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. East Asia Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By Product Type
- 17.4.3. By End Use
- 17.4.4. By Application
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Product Type
- 17.5.3. By End Use
- 17.5.4. By Application
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Novel Sweeteners Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. Turkey
  - 18.4.1.3. Northern Africa
  - 18.4.1.4. South Africa
  - 18.4.1.5. Rest of Middle East and Africa
- 18.4.2. By Product Type
- 18.4.3. By End Use
- 18.4.4. By Application
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Product Type
- 18.5.3. By End Use
- 18.5.4. By Application
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Country Wise Novel Sweeteners Market Analysis, 2024

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Novel Sweeteners Market Analysis
- 19.2.1. By Product Type
- 19.2.2. By End Use
- 19.2.3. By Application
19.3. Canada Novel Sweeteners Market Analysis
- 19.3.1. By Product Type
- 19.3.2. By End Use
- 19.3.3. By Application
19.4. Mexico Novel Sweeteners Market Analysis
- 19.4.1. By Product Type
- 19.4.2. By End Use
- 19.4.3. By Application
19.5. Brazil Novel Sweeteners Market Analysis
- 19.5.1. By Product Type
- 19.5.2. By End Use
- 19.5.3. By Application
19.6. Argentina Novel Sweeteners Market Analysis
- 19.6.1. By Product Type
- 19.6.2. By End Use
- 19.6.3. By Application
19.7. Germany Novel Sweeteners Market Analysis
- 19.7.1. By Product Type
- 19.7.2. By End Use
- 19.7.3. By Application
19.8. Italy Novel Sweeteners Market Analysis
- 19.8.1. By Product Type
- 19.8.2. By End Use
- 19.8.3. By Application
19.9. France Novel Sweeteners Market Analysis
- 19.9.1. By Product Type
- 19.9.2. By End Use
- 19.9.3. By Application
19.10. U.K. Novel Sweeteners Market Analysis
- 19.10.1. By Product Type
- 19.10.2. By End Use
- 19.10.3. By Application
19.11. Spain Novel Sweeteners Market Analysis
- 19.11.1. By Product Type
- 19.11.2. By End Use
- 19.11.3. By Application
19.12. Poland Novel Sweeteners Market Analysis
- 19.12.1. By Product Type
- 19.12.2. By End Use
- 19.12.3. By Application
19.13. Russia Novel Sweeteners Market Analysis
- 19.13.1. By Product Type
- 19.13.2. By End Use
- 19.13.3. By Application
19.14. China Novel Sweeteners Market Analysis
- 19.14.1. By Product Type
- 19.14.2. By End Use
- 19.14.3. By Application
19.15. Japan Novel Sweeteners Market Analysis
- 19.15.1. By Product Type
- 19.15.2. By End Use
- 19.15.3. By Application
19.16. S. Korea Novel Sweeteners Market Analysis
- 19.16.1. By Product Type
- 19.16.2. By End Use
- 19.16.3. By Application
19.17. India Novel Sweeteners Market Analysis
- 19.17.1. By Product Type
- 19.17.2. By End Use
- 19.17.3. By Application
19.18. Oceania (Australia and New Zealand) Novel Sweeteners Market Analysis
- 19.18.1. By Product Type
- 19.18.2. By End Use
- 19.18.3. By Application
19.19. Turkey Novel Sweeteners Market Analysis
- 19.19.1. By Product Type
- 19.19.2. By End Use
- 19.19.3. By Application
19.20. South Africa Novel Sweeteners Market Analysis
- 19.20.1. By Product Type
- 19.20.2. By End Use
- 19.20.3. By Application

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Novel Sweeteners)
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. Nestle S.A
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.1.4. Sales Footprint
  - 21.3.1.5. Strategy Overview
- 21.3.2. Cargill Inc.
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.2.4. Sales Footprint
  - 21.3.2.5. Strategy Overview
- 21.3.3. Archer Daniels Midland Company
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.3.4. Sales Footprint
  - 21.3.3.5. Strategy Overview
- 21.3.4. Ingredion Incorporated
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.4.4. Sales Footprint
  - 21.3.4.5. Strategy Overview
- 21.3.5. Tate & Lyle PLC
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.5.4. Sales Footprint
  - 21.3.5.5. Strategy Overview
- 21.3.6. E.I Dupont De Nemours and Company
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.6.4. Sales Footprint
  - 21.3.6.5. Strategy Overview
- 21.3.7. Koninklijke DSM N.V
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.7.4. Sales Footprint
  - 21.3.7.5. Strategy Overview
- 21.3.8. Symrise AG
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.8.4. Sales Footprint
  - 21.3.8.5. Strategy Overview
- 21.3.9. Ajinomoto Corporation Inc
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.9.4. Sales Footprint
  - 21.3.9.5. Strategy Overview
- 21.3.10. Raizen S.A
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.10.4. Sales Footprint
  - 21.3.10.5. Strategy Overview
- 21.3.11. Associated British Foods Plc
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.11.4. Sales Footprint
  - 21.3.11.5. Strategy Overview
- 21.3.12. Wilmar International Limited
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.12.4. Sales Footprint
  - 21.3.12.5. Strategy Overview