High-intensity Sweeteners Market Size & Forecast
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, the market is projected to reach 113,049.6 tons by 2034, at a CAGR of 3.1% from 2024 to 2034. High-intensity sweeteners are high-potency sugar substitutes used in small quantities as an alternative to sugar. They contain less food energy than sugar-based sweeteners, making them zero-calorie or low-calorie sweeteners. High-intensity sweeteners play a vital role in reducing calories as part of an overall healthy diet and physical activity regimen and help prevent diabetes and obesity.
The growth of the global high-intensity sweeteners market is driven by 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 to some extent.
Furthermore, emerging economies and increasing R&D activities to develop sugar-free products are further expected to provide market growth opportunities for the stakeholders operating in the global high-intensity sweeteners market. However, product labeling and claims issues are a major challenge for the players operating in this market. Additionally, the rising demand for clean-label products and the increasing adoption of healthy lifestyles are prominent trends in the global high-intensity sweeteners market.
High-intensity Sweeteners Market: Competitive Analysis
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of 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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Increasing Demand for Functional Foods to Spur the Growth of the Global High-intensity Sweeteners Market
In recent years, there has been a steady increase in life expectancy and attention to product quality. Consumers are becoming increasingly concerned about their health and are paying more attention to their lifestyles and dietary habits. Countries worldwide are undergoing a nutritional transition and facing the dual burden of nutritional problems. According to the World Health Organization (WHO), undernutrition and specific nutrient deficiencies continue to remain major challenges, with imbalanced diets and chronic diseases simultaneously becoming alarmingly common. Moreover, with rising obesity rates, a growing aging population, an increase in sedentary lifestyles, and increased consumer interest in health and nutrition, the demand for functional foods is also increasing across developing countries.
The global demand for functional foods is mainly driven by increasing consumer awareness regarding micronutrient deficiencies, growing health concerns coupled with the increasing occurrence of diseases, and increasing disposable incomes. Also, the rise in chronic diseases globally contributes to the increasing consumer interest in nutritious foods.
According to an NIH-funded study, a healthy diet improves overall health and reduces the risk of heart disease, stroke, and type 2 diabetes. The healthy eating trend is gaining traction and evoking interest, significantly influencing the formulation of healthy foods. High-intensity sweeteners are emerging as important ingredients in the formulation of functional foods and dietary supplements due to their low caloric content and glycemic index.
Furthermore, in response to the COVID-19 pandemic, consumers are increasingly demanding products that offer immunity-boosting benefits. The functional foods industry is witnessing a rapid surge in demand for products containing immunity-boosting natural ingredients. For instance, according to the International Food Information Council’s (IFIC) 2022 Food and Health Survey, in 2022, 52% of Americans followed a specific diet, an increase from the past few years (39% in 2021, 43% in 2020, and 38% in 2019). The motivation for adopting new diets was protecting long-term health (35%) and losing weight (34%). Thus, the increasing demand for functional foods is expected to boost the growth of the high-intensity sweeteners market, as the consumption of functional foods with high-intensity sweeteners benefits health by reducing the intake of simple sugars that are higher in calories and potentially linked to various diseases.
Key Findings in the High-intensity Sweeteners Market Study:
The Sucralose Segment Expected to Dominate the High-intensity Sweeteners Market in 2024
Based on product, the global high-intensity sweeteners market is segmented into sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo (monk fruit), neotame, and other high-intensity sweeteners. In 2024, 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 its high shelf life and comparatively low quantity needed to achieve sweetness. Furthermore, rising health awareness among consumers, increasing demand for low-calorie sweeteners, growing in the diabetic population, health-conscious consumer base, and acceptance of sucralose as a safe sweetener are some of the factors further expected to drive the growth of this market across the globe.
The Natural High-intensity Sweeteners Segment Slated to Register Higher Growth During the Forecast Period
Based on source, the global high-intensity sweeteners market is segmented into artificial high-intensity sweeteners and natural high-intensity sweeteners. The natural high-intensity sweeteners segment is expected to register a higher CAGR during the forecast period of 2024–2034. The high growth of this segment is mainly attributed to 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.
The Solid Segment Expected to Dominate the High-intensity Sweeteners Market in 2024
Based on form, the global high-intensity sweeteners market is segmented into solid and liquid. In 2024, 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.
The Beverages Segment Expected to Dominate the High-intensity Sweeteners Market in 2024
Based on application, the global high-intensity sweeteners market is segmented into beverages, food, nutrition and health supplements, pharmaceuticals, and other applications. In 2024, the beverage segment is expected to account for the largest share of the global 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.
North America Expected to Dominate the High-Intensity Sweeteners Market in 2024
Based on geography, the high-intensity sweeteners market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global high-intensity sweeteners market. The major share of this regional market is attributed to factors such as the 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 providing high-intensity sweeteners across different sectors further supports the growth of the market in the region. However, Asia-Pacific is expected to register the highest growth rate during the forecast period of 2024–2034.
High-intensity Sweeteners Market Report Summary:
Particulars
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Details
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Number of Pages
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~319
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Format
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PDF
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Forecast Period
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2024–2034
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Base Year
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2023
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CAGR
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5%
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Estimated Market Size (Value)
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$5.37 Billion by 2034
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Estimated Market Size (Volume)
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113,049.6 Tons by 2034
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Segments Covered
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By Product
- Sucralose
- Stevia
- Aspartame
- Acesulfame-K
- Luo Han Guo (Monk Fruit)
- Saccharin
- Neotame
- Other High-intensity Sweeteners
By Source
- Artificial High-intensity Sweeteners
- Natural High-intensity Sweeteners
By Form
By Application
- Beverages
- Juices and Soft Drinks
- Sports Drinks/ Energy Drinks
- Other Beverages
- Food
- Bakery Products
- Confectionery Products
- Dairy Products
- Tabletop Sweeteners
- Cereal-based Products
- Other Food Products
- Nutrition and Health Supplements
- Pharmaceuticals
- Other Applications
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Countries Covered
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North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, New Zealand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa
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Key Companies
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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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Key questions answered in the report: