Sweeteners Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Sweeteners Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010923
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET ANALYSIS

Sweeteners can be natural or artificial substitutes of sugar that provide the sweet taste to food and beverages. Such sweeteners have low or no calories and are used as an alternative to sugar. Sweeteners are mostly found in dairy products, bakery products, beverages, desserts, chewing gum & toothpaste, etc. With the changing lifestyles and dietary pattern of populaces, there is rise in healthy eating which has increased the demand for sweeteners as a food additive. The number of diabetic patients globally are increasing. Therefore, low-calorie or alternatives of sugar such as sweeteners are used for food products, thus fuelling the sweeteners market growth during the forecasted period.

GROWTH DRIVERS AND CHALLENGES

The increase in the consumption of natural sweeteners drives the global sweeteners market. The key players operating in the sweeteners market are diversifying their product portfolio based on consumers changing preferences, which seek a shift from sugar to sweeteners such as honey, stevia, xylitol, etc. Not only can additives affect the taste, but also the most crucial aspects like shelf life & appearance. Recent research, however, has revealed that synthetic chemicals negatively influence the body, including the cardiovascular and pulmonary systems. As a result, customers seek natural additives that will have a minimal influence on their health, and businesses offer natural additives that meet millennial demand.

Additionally, due to their sweet flavor and tooth-friendliness, sweeteners like polyol sweeteners and high-intensity sweeteners are frequently in demand. They are utilized in conventional pills and powdered medications. Although, the global sweeteners market is facing challenges due to the need for technological improvement. 

REPORT SEGMENTATION AND SCOPE

The "Global Sweeteners Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, application, and geography. The global sweeteners market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of sweeteners worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the sweeteners market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the sweeteners market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global sweeteners market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global sweeteners market is segmented on the basis of type and application. Based on type, the sweeteners market is bifurcated into natural and artificial. The sweeteners market is categorized on the basis of application into bakery and confectionery, dairy and frozen desserts, beverages, and others.

Sweeteners are divided into two categories in natural and artificial types. The majority of natural sweeteners come from various plant or animal sources. For instance, honey is a natural sweetener that bees create using blossom nectar. In contrast, artificial sweeteners are primarily created from synthetic substances during industrial processing. Although natural and artificial sweeteners have the same applications, they differ in their sensory, nutritional, and health aspects.

In the application of bakery and confectionery, low-calorie sweeteners are used. It has been shown to promote glycomic management, oral health, and calorie reduction, which are likely to increase demand for them in the baking and confectionery sectors throughout the projection period.

REGIONAL ANALYSIS

The report provides a detailed overview of the global sweeteners market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific held the largest market share. The region's fastest-growing economies with development rates, like China and India, has significant growth potential for the food and beverage sector. Western diets have a significant impact on the region's younger population. The demand for high-end beverages and confectionary items is anticipated to increase imports of these sweeteners.

One of the greatest manufacturers and consumers of sweeteners like sucrose are Asian markets including China and India. Supportive government attempts to expand the production of sucrose in these nations, and the high availability of raw materials needed for the manufacturing of sucrose, such as sugar cane, is anticipated to boost the Sweeteners market.

Because consumers are becoming more health conscious, several regional players offer low-calorie food and beverages. Additionally, the market in North America is expanding as people become more knowledgeable about sugar substitutes that have few or no calories. The demand for natural sweeteners is anticipated to increase in the region as consumers there are moving toward natural and organic products and consuming less packaged and heavily processed food; this is anticipated to fuel demand for natural sweeteners in North America.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Consumers' growing knowledge about health drives the demand for sweeteners worldwide. Also, industries are expanding due to consumers' growing preference for natural products. Thus, the worldwide use of sugar backups like xylitol, erythritol, and mannitol is rising snappily, owing to consumer awareness towards health, laws taking lower sugar input, and their addition in a variety of marketable health and heartiness food particulars opportunities in sweeteners market.

IMPACT OF COVID

After the outbreak of COVID-19, consumers have become more conscious and aware of their health and of food products that offer them health benefits. Also, mindfulness regarding the harmful effect of sugar on health is adding among consumers, and thus, people are more inclined towards low-calorie and low-sugar food products, which will drive the market. The manufacturers of sugar cover are following the morals set by the world health association( WHO) regarding the safety of the workers along with the way to manage the demand and supply of sweetener products. The extremity of COVID-19 is creating a new trend among people to demand zero sugar and low-sweet food products. The epidemic increased the demand for sugar backups like sugar alcohols and sugar sweeteners. Also, sugar tends to affect the neurotransmitters of the brain. Excessive input of sugars leads to health conditions like metabolic patterns and rotundity. Owing to these factors lead to an increase in the threat of health complications from COVID-19.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the sweeteners market include, Ajinomoto Co., Inc., ADM, Archer Daniels Midland Company , Cargill, Incorporated, Celanese Corporation, Ingredion, DuPont, Kerry, Tate & Lyle, Tereos, The NutraSweet Co., Wilmar International Ltd, and Zhucheng Haotian Pharm Co., Ltd. among others.

REGIONAL FRAMEWORK

Sweeteners Market Report Analysis

Sweeteners Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • AJINOMOTO
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • CELANESE CORPORATION
  • COFCO International
  • DuPont Nutrition and Health
  • Kerry Group PLC
  • Tate and Lyle Plc
  • Tereos SA

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Sweeteners Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AJINOMOTO
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • CELANESE CORPORATION
  • COFCO International
  • DuPont Nutrition and Health
  • Kerry Group PLC
  • Tate and Lyle Plc
  • Tereos SA
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. AJINOMOTO
    2. Archer Daniels Midland Company
    3. Cargill Incorporated
    4. CELANESE CORPORATION
    5. COFCO International
    6. DuPont Nutrition
    and Health
    7.Kerry Group PLC
    8. Tate and Lyle Plc
    9. Tereos SA
    10. Wilmar International Limited

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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