Meticulous Research®—a 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 Forecasts to 2034.’
According to this latest publication from Meticulous Research®, In terms of value, the high-intensity sweeteners market is projected to reach $5.37 billion by 2034, at a CAGR of 5.1% from 2023 to 2034, while in terms of volume, the market is projected to reach 113,049.6 tons by 2034, at a CAGR of 3.3% from 2023 to 2034. The growth of the high-intensity sweeteners market is mainly attributed to the increasing demand for functional foods, the rising incidence of diabetes and obesity, the growing demand for natural high-intensity sweeteners, taxes imposed on sugar-sweetened beverages, and the increasing adoption of high-intensity sweeteners in the beverage industry. However, stringent government regulations, the adverse health effects associated with sugar substitutes, and fluctuations in raw material prices restrain the growth of the high-intensity sweeteners market.
The high-intensity sweeteners market is segmented based on product (sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo [monk fruit], neotame, and other high-intensity sweeteners), source (artificial high-intensity sweeteners and natural high-intensity sweeteners), form (solid, liquid), application (beverages [juices and soft drinks, sports drinks/ energy drinks, and other beverages], food [bakery products, confectionery products, dairy products, tabletop sweeteners, cereal-based products, and other food products], 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 product, in 2023, the sucralose segment is expected to account for the largest share of the global high-intensity sweeteners market. The large market share of this segment is attributed to the increasing application of sucralose in food & beverages due to its benefits, such as high shelf-life and limited quantity requirement to achieve sweetness.
Based on source, the natural high-intensity sweeteners segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed the increasing awareness about the benefits of consuming food products with natural ingredients, the growing consumer preference for clean label and healthy products, and the rising adoption of stevia and other natural sweeteners by leading food & beverage companies.
Based on form, in 2023, the solid segment is expected to account for the larger share of the high-intensity sweeteners market. The large market share of this segment is attributed to the benefits offered by solid high-intensity sweeteners, such as ease of handling, transportation, and storage; wide availability; better shelf-life; and effective product formulation. Furthermore, the high concentration and ease of use in various applications offered by powdered high-intensity sweeteners due to their high mixability further contribute to the growth of this segment.
Based on application, in 2023, 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. In addition, the increasing demand for natural health & sports drinks with enhanced nutritional value contributes to the growth of this segment.
Based on geography, in 2023, North America is expected to account for the largest share of the high-intensity sweeteners market. The major share of this regional market is attributed to factors such as the e increasing number of obese and diabetic populations, growing health and wellness concerns, a well-established food and beverage industry, and strong demand for sugar-free products. Also, the presence of prominent players offering high-intensity sweeteners across different sectors further supports the growth of the market in the region.
The global high-intensity sweeteners market 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 global high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia).
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