Sweeteners Market Valued at USD 105.5 BILLION IN 2023, Growing at a CAGR of 4.5% – Exclusive Report by MarkNtel Advisors
Market Insights & Analysis: Sweeteners Market (2024-30)
Projected Growth: The Sweeteners Market size was valued at around USD 105.5 BILLION IN 2023 and is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.
In-Depth Overview of the Sweeteners Market
Utilizing both primary and secondary research methodologies, the Sweeteners Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Global Sweeteners Market Driver: Rising Demand for Clean Labels & Natural Ingredients in Consumable Products
Currently, there is a surge in demand for clean labels and natural ingredients within consumable goods, which is driving the adoption of natural food sweeteners. This is prompting food manufacturers to reassess their product formulations and select sweeteners that align with the requirements of being clean-labeled and sourced from natural origins. Consumers are actively seeking products containing sweeteners such as stevia, agave nectar, honey, and maple syrup, attributing perceived health benefits to their natural origins.
Moreover, regulatory bodies and industry associations are stressing the importance of transparent labeling and ingredient sourcing. This emphasis amplifies the need for an accurate depiction of sweetener nature in food products and intensifies the demand for clean labels and natural sweeteners.
Sweeteners Market Segmentation
By Application
-Food
–Confectionery Products
–Bakery Products
–Dairy Products
–Sweet Spreads
–Plant-Based Foods
–Others
-Beverages
–Carbonated Drinks
–Fruit Drinks & Juices
–Powdered Drinks
–Alcoholic Beverages
–Flavoured Alcoholic Beverages
–Plant-Based Beverages
–Others
-Personal Care
-Pharmaceuticals
-Others
By Product
-Sucrose
-High-Fructose Corn Syrup
-Natural Sweeteners
-Artificial Sweeteners
-Novel Sweeteners
-Polyols
By Type
-High-intensity Sweeteners
-Low-intensity Sweeteners
- During the forecast period, the High-intensity Sweeteners segment is anticipated hold a considerable market share in the Global Sweeteners Market.
By Form
-Powder
-Liquid
-Crystals
By Sales Channel
-Direct (B2B)
-Indirect (B2C)
–Hypermarkets/Supermarkets
–Convenience Stores
–Online
–Others
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Leading Companies in the Sweeteners Market
The report features major players including:
Tate & Lyle Plc, Cargill, Incorporated, ADM, International Flavors & Fragrances Inc., Ingredion Incorporated, Associated British Foods Plc, Givaudan, Firmenich Sa, Symrise, Südzucker Ag, Ajinomoto Co., Inc., Zydus Wellness, Tereos, Roquette Frères, Macandrews & Forbes Holdings Incorporated, Foodchem International Corporation, Jk Sucralose Inc. and Others
Regional Analysis
The report covers a comprehensive analysis of the Sweeteners Market across various regions:
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of Middle East & Africa
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Essential Questions Addressed in the Sweeteners Market Report
- Who are the major players in the Sweeteners Market?
- Which region presents the most potential for the Sweeteners Market?
- Which application area of the Sweeteners Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Sweeteners Market by the end of the forecast period?
- What are the growth prospects for the Sweeteners Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Sweeteners Market?
- What factors are expected to drive the growth of the Sweeteners Market?
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