Meticulous Research®—leading global market research company published a research report titled ‘High-intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Natural, Artificial), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others)—Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the high-intensity sweeteners market is expected to grow at a CAGR of 5.3% from 2022–2029 to reach $4.2 billion by 2029. The growth of the high-intensity sweeteners market is mainly attributed to the factors such as the rising demand for functional food products, the growing prevalence of diabetes and obesity, and the surging demand for natural sweeteners. However, stringent government regulations and adverse health effects associated with high-intensity sweeteners are expected to hinder the growth of this market to a notable extent.
The high-intensity sweeteners market is segmented based on source (natural and artificial), product (sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo [monk fruit], neotame, and other high-intensity sweeteners), form (solid, liquid), application (beverages, food, nutrition and health supplements, pharmaceuticals, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on source, the natural high-intensity sweeteners segment is expected to register the highest CAGR during the forecast period of 2022–2029. The high growth of this segment is mainly attributed to the increasing consumer awareness regarding the consumption of food products with natural ingredients, growing consumer preference for clean label and healthy products, and increasing use of stevia and other natural sweeteners by leading food & beverage companies.
Based on product, in 2022, the sucralose segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to the increasing application of sucralose in food & beverages and its benefits, such as prolonged shelf-life and low quantity required to achieve desired sweet taste.
Based on form, the solid segment is expected to grow at a higher CAGR during the forecast period of 2022–2029. The growth of this segment is attributed to its wide availability and benefits such as ease of handling, transportation, and storage, better shelf-life, ease of use in various applications due to high mixability, and effective product formulation.
Based on application, in 2022, the beverage segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to factors such as the health benefits of high-intensity sweeteners in beverages, the increasing number of product development and launches of high-intensity sweetener-based beverages, and the rising demand for sugar-free beverages. Also, the increasing demand for natural health and sports drinks with enhanced nutritional value further boosts the growth of this segment.
Based on geography, in 2022, North America is expected to hold the major share of the high-intensity sweeteners market. The major share of this regional market is attributed to factors such as the increasing obese and diabetic population, growing health and wellness concerns, a well-established food & beverage industry, and strong demand for sugar-free products in North America. However, Asia-Pacific is slated to register the highest CAGR during the forecast period of 2022–2029.
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The high-intensity sweeteners market space is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Roquette Frères (France), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), Ajinomoto Co. (Japan), The NutraSweet Co. (U.S.), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), Zhucheng Haotian Pharm Co., Ltd. (China), HSWT France SAS (France), and STEVIALITE Holding (Colombia).
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