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Redding, California - August 13, 2024

High-intensity Sweeteners Market to be Worth $5.37 Billion by 2034

High-intensity Sweeteners Market Size, Share, Forecast, & Trends Analysis by Product (Sucralose, Stevia {Reb A}, Aspartame, Acesulfame-K), Type (Natural, Artificial), Form (Solid), Application (Beverages, Food, Pharmaceuticals) - Global Forecast to 2034

Meticulous Research^®— a leading global market research company, published a research report titled ‘High-intensity Sweeteners Market Size, Share, Forecast, & Trends Analysis by Product, Type, Form, Application - Global Forecast to 2034.’

According to this latest publication from Meticulous Research^®, the high-intensity sweeteners market is projected to reach $5.37 billion by 2034, at a CAGR of 5 % during the forecast period 2024–2034, while in terms of volume, this market is projected to reach 110,871 tons by 2034, at a CAGR of 2.9% from 2024–2034.

The market is driven by the rising demand for functional foods, increasing cases of conditions like diabetes and obesity, a growing consumer preference for natural products, and higher taxes on sugar-containing beverages. Additionally, the increasing popularity of high-intensity sweeteners in emerging markets and expanded research and development efforts for sugar-free products are expected to create significant growth opportunities for companies in this market.

However, the market faces restraints such as strict government regulations, potential health risks associated with sugar substitutes, and volatile raw material prices. Moreover, challenges related to product labeling and claims also pose significant obstacles in the high-intensity sweeteners market.

Key Players

Some of the major companies functioning in the high-intensity sweeteners market include 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. (Part of Manus Bio) (U.S.), Ajinomoto Co., Inc. (Japan), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp. (China), Celanese Corporation (U.S.), and Foodchem International Corporation (China).

The global high-intensity sweeteners market is segmented based on product (stevia {Rebaudioside A, Rebaudioside D, Rebaudioside M, and other stevia products}, sucralose, aspartame, acesulfame-k, neotame, saccharin, Luo Han Guo [monk fruit], neotame, and other high-intensity sweeteners), type (artificial high-intensity sweeteners and natural high-intensity sweeteners), form (solid and liquid), application (beverages {juices & 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 & health supplements, pharmaceuticals, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Among the products studied in the report, in 2024, the stevia segment is poised to account for the major share of 23.3% of the global high-intensity sweeteners market. The large share of market share of this segment is mainly attributed to factors such as growing consumer responsiveness regarding the health benefits of consuming food products with natural ingredients and rising preference for clean label & healthy products. Additionally, the stevia market is further categorized into Rebaudioside A, Rebaudioside D, Rebaudioside M, and other stevia products.

Among all the types covered in this report, natural high-intensity sweeteners are projected to register a growth rate of 7.2% during the forecast period. The high growth of this segment is primarily attributed to the growing awareness about the benefits of consuming food products with natural ingredients, the rising stevia & other natural sweeteners production by major food & beverage manufacturers, and the increasing consumer demand for clean-label & healthy products.

Among all the forms covered in this report, in 2024, the solid segment is projected to dominate the larger share of 88.3% of the high-intensity sweeteners market. Benefits such as ease of handling, shipping & storage, enhanced shelf life, ease of use, and effective product formulation of solid high-intensity sweeteners are some of the drivers for the growth of this segment.

Among all the applications covered in this report, the food segment is estimated to register the fastest growth of 5.9% during 2024–2034. The high growth of this application segment is attributed to the growing consumer preferences for healthier foods, changing food consumption patterns, and wide use of sweeteners in a variety of food products, including baked goods, confectionery, and savory snacks.

Based on geography, in 2024, North America is expected to account for the largest share of 43.5% of the global high-intensity sweeteners market. The high-intensity sweeteners market in North America is expected to reach $1.43 billion in 2024. The major share of this region is mainly attributed to the growing demand for high-intensity sweeteners due to the rising prevalence of obese and diabetics, increasing health and wellness concerns, a deep-rooted food & beverage industry, and robust demand for sugar-free products.

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Key Questions Answered in the Report:

What are the historical market sizes and growth rates of the high-intensity sweeteners market?
At what rate is the high-intensity sweetener demand projected to grow over the next 5–7 years?
What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
Which segments, in terms of product, type, form, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2034?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the high-intensity sweeteners market during the forecast period 2024–2034?
A detailed study of the top players operating in the global high-intensity sweeteners market. What are their specific product offerings in this market?
What are the recent strategic developments in the high-intensity sweeteners market? What are the impacts of these strategic developments on the market?

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Redding, California - August 13, 2024

High-intensity Sweeteners Market to be Worth $5.37 Billion by 2034

High-intensity Sweeteners Market Size, Share, Forecast, & Trends Analysis by Product (Sucralose, Stevia {Reb A}, Aspartame, Acesulfame-K), Type (Natural, Artificial), Form (Solid), Application (Beverages, Food, Pharmaceuticals) - Global Forecast to 2034

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