According to the latest report by IMARC Group, the global food sweetener market size reached US$ 87.51 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 103.95 Billion by 2027, exhibiting a CAGR of 2.80% during 2022-2027.
Food sweeteners are additives that offer a sweet flavor to foods and beverages. They are widely used as a sugar substitute and in food processes, such as fermentation, baking, caramelization, and preservation. They are commercially available in high-intensity sweetener (HIS), sucrose, and starch types. These compounds are similar to sugar in terms of texture, flavor, and interaction with ingredients. They help prevent tooth decay, manage blood sugar levels, prevent diabetes, and maintain a healthy weight as they are low in calories. As a result, food sweeteners find extensive applications in sauces, confectionery, sweets, dressings, and other baked products.
Food Sweetener Market Trends and Drivers:
The global food sweetener market is primarily driven by the increasing demand for low-sugar and -calorie consumer goods, such as yogurt, ice cream, grain-based desserts, and diet coke. In addition, the surging product adoption across the food and beverage (F&B) sector has catalyzed market growth. Moreover, the rising prevalence of cardiovascular diseases, obesity, diabetes, and other lifestyle diseases and the growing health consciousness have augmented the product demand.
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Besides this, several key players are introducing artificial and other sugar substitutes, such as erythritol, mannitol, and xylitol, to manufacture confectionery items. Furthermore, the launch of organic sweeteners made from natural ingredients, such as stevia and honey, to imitate the taste of regular sugar is another major growth-inducing factor. Other factors, including the escalating demand for convenience and processed foods, ongoing research and development (R&D) activities, shifting lifestyle preferences, and rising collaborations among key players, are also anticipated to propel the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Food Sweetener Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Foodchem International Corporation, GLG Life Tech Corporation, Ingredion Incorporated, NutraSweet Company (Manus Bio), S&W Seed Company, Tate & Lyle PLC and Tereos.
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The report has segmented the market on the basis of region, product type, application and distribution channel.
Breakup by Product Type:
- Starch Sweeteners and Sugar Alcohols
o High Fructose Corn Syrup (HFCS)
- High Intensity Sweeteners (HIS)
o Acesulfame Potassium (Ace-K)?
Breakup by Application:
- Bakery and Confectionery
- Dairy and Desserts
- Meat and Meat Products
- Soups, Sauces and Dressings
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Convenience Stores
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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