PUBLISHER: The Business Research Company | PRODUCT CODE: 1526981
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526981
High-intensity sweeteners are a class of sugar substitutes that are significantly sweeter than regular sugar, requiring only small amounts to achieve the desired sweetness. These sweeteners are often used in food and beverages to reduce calorie content while maintaining sweetness and are popular among individuals looking to manage their sugar intake and overall caloric consumption.
The main types of high-intensity sweeteners include saccharin, aspartame, acesulfame potassium, sucralose, neotame, advantame, steviol glycosides, and luo han guo fruit extracts. Saccharin, an artificial sweetener, is commonly used as a sugar substitute in various food and beverage products. Available in dry and liquid forms, it caters to a variety of end-use applications including beverages, bakery and confectionery, dairy products, dietary products, pharmaceuticals, tabletop sweeteners, and more. The distribution channels for these products include supermarkets, hypermarkets, specialty stores, online platforms, and others.
The high-intensity sweeteners research report is one of a series of new reports from The Business Research Company that provides high-intensity sweeteners market statistics, including the high-intensity sweeteners industry's global market size, regional shares, competitors with a high-intensity sweeteners market share, detailed high-intensity sweeteners market segments, market trends and opportunities, and any further data you may need to thrive in the high-intensity sweeteners industry. This high-intensity sweeteners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high-intensity sweeteners market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. During the historic period, growth can be attributed to several factors, increased consumer awareness about health risks, improved production techniques enhancing quality, a shift in consumer preferences, increased research and development, and the growth of low-calorie and sugar-free product lines.
The high-intensity sweeteners market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to several factors, the increasing trend of low-calorie and sugar-free diets among health-conscious consumers, favorable regulations and approvals from health authorities, the need for sugar alternatives among individuals with specific health conditions, the demand for natural sweeteners, and a focus on reducing caloric intake. Major trends in the forecast period include advancements in production techniques, the emergence of novel ingredients, technological integration for taste enhancement, customization and personalization of products, and improvements in stability and shelf life.
The increasing prevalence of diabetes and obesity is expected to drive the growth of the high-intensity sweeteners market in the future. Diabetes, characterized by elevated blood sugar levels, and obesity, characterized by excessive body fat accumulation, are significant health concerns worldwide. These conditions often necessitate the use of high-intensity sweeteners as sugar substitutes to manage blood sugar levels and reduce calorie intake. For example, a report by the International Diabetes Federation (IDF) in July 2021 indicated that approximately 537 million people globally have diabetes, with projections estimating 783 million by 2045, representing a 46% increase. Additionally, the World Health Organization (WHO) reported in March 2022 that over 1 billion people worldwide are affected by obesity, with projections indicating further increases in overweight or obesity-related health issues by 2025. Therefore, the growing cases of diabetes and obesity are fueling the demand for high-intensity sweeteners.
Key players in the high-intensity sweeteners market are developing sweetening solutions to meet the demand for healthier alternatives. Sweetening solutions refer to products or formulations designed to provide sweetness in food and beverages without using traditional sugar. For instance, Tate & Lyle PLC, a UK-based food and beverage company, introduced ERYTESSE Erythritol in November 2022, a new addition to its sweetener portfolio. Erythritol, with 70% of the sweetness of sucrose and zero calories, is suitable for various categories such as beverages, dairy, bakery, and confectionery. It can be used alone or combined with natural sweeteners such as stevia and monk fruit, as well as high-potency sweeteners such as sucralose.
In July 2021, KPS Capital Partners acquired a stake in Tate & Lyle's Primary Products Business in North America and Latin America for $1.3 billion. This partnership established a new company (NewCo) with equal ownership between Tate & Lyle and KPS Capital Partners, focusing on manufacturing plant-based products for the food and industrial markets. Tate & Lyle, known for its renewable food and industrial ingredients including high-intensity sweeteners, remains a key player in the market.
Major companies operating in the high-intensity sweeteners market are Cargill Incorporated, Archer Daniels Midland Company (ADM), DuPont de Nemours Inc., Ajinomoto Co. Inc., Celanese Corporation, Ingredion Incorporated, Roquette Freres SA, Daesang Corporation, Tate & Lyle PLC, PureCircle Limited, Zhejiang Huakang Pharmaceutical Co. Ltd., NutraSweet Company, Evolva Holding SA, Monk Fruit Corp, Hunan Nutramax Inc., JK Sucralose Inc., Morita Kagaku Kogyo Co. Ltd., HuaSweet Inc, Anhui Elite Industrial Co. Ltd., HYET Sweet B.V., Holland Sweetener Company, Nantong Changhai Food Additive Co. Ltd.
North America was the largest region in the high-intensity sweeteners market in 2023. The regions covered in the high-intensity sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the high-intensity sweeteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The high-intensity sweeteners market consists of sales of saccharin, thaumatin, and cyclamate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High-Intensity Sweeteners Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high-intensity sweeteners market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high-intensity sweeteners ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high-intensity sweeteners market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.