Analyst Perspective
The global alternative sweeteners market is expected to register a CAGR of 4.5%. The market for alternative sweeteners is growing due to increasing health awareness among individuals regarding obesity, heart disease, etc. Alternative sweeteners are used in various sectors, such as food & beverages, pharmaceuticals & nutraceuticals, animal feed etc. High cost and health concerns related to alternative sweeteners are restraining market growth. Market expansion and new product launches are considerable opportunities in the alternative sweeteners market. The market is expanding due to the increasing demand for calorie, balanced lifestyle products, driven by consumers’ increasing focus on health and wellness.
Market Overview
Alternative sweeteners are substitutes for regular sugar, usually in low-calorie options compared to sugar. Alternative sweeteners are used in low amount compared to sugar, and it is widely used in soft drinks, baked food items, dairy products and others. Growing awareness regarding the adverse effects of sugar consumption drives the growth of the alternative sweeteners market. Ongoing research focuses on developing natural sweeteners from plant sources. Preference for natural, plant-based sweeteners like stevia and monk fruit is increasing. New sweetener blends and technologies are emerging, offering various options for taste and functionality. The market is expected to grow continuously due to innovation in low-calorie, natural, and sustainable sweetening solutions.
Market Drivers
- Expansion of the food & beverages industry
The growth in the food & beverage industry is increasing demand for alternative sweeteners. A growing trend towards convenience and ready-to-eat food options significantly contributes to expanding the food & beverages industry.
- Increase in need for sugar-free products
The market is growing due to increased demand for low-calorie and sugar-free food items. Health-conscious consumers demand low-sugar food products. Rising awareness of health and wellness has increased the demand for sugar-free products.
Additionally, an increase in disposable income, a change in consumers’ preference, and easy availability of alternative sweeteners in different forms are major driving factors for the alternative sweeteners market.
Market segmentation
The global alternative sweeteners market is segmented based on product type, source, and application. The alternative sweeteners market is segmented based on product type: high-fructose syrup, high-intensity, and low-intensity sweeteners. The alternative sweeteners market is segmented based on source into natural and synthetic.Based on application, it is segmented into food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global alternative sweeteners market depending on several segments, and it also provides market size and forecast anticipated from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The alternative sweeteners market by region is also sub-segmented by respective countries and segments. The Alternative sweeteners market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the alternative sweeteners market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter’s Five Forces analysis highlighting factors affecting the alternative sweeteners market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the alternative sweeteners market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the alternative sweeteners market are anticipated to have lucrative growth opportunities with the increasing demand for alternative sweeteners in the global market.
The report includes key companies’ profiles, SWOT analysis, and Alternative sweeteners market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the Alternative sweeteners market.
- Archer Daniels Midland Company
- Cargill Incorporated
- Dupont De Nemours, Inc.
- Ingredion Incorporated
- Celanese Corporation
- Frères And Tate & Lyle Plc
- GLG life tech
- PureCircle Limited
- Ajinomoto Co., Inc.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Alternative Sweeteners Market - By Product Type
1.3.2 Alternative Sweeteners Market - By Application
1.3.3 Alternative Sweeteners Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ALTERNATIVE SWEETENERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ALTERNATIVE SWEETENERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ALTERNATIVE SWEETENERS MARKET - GLOBAL MARKET ANALYSIS
6.1. ALTERNATIVE SWEETENERS - GLOBAL MARKET OVERVIEW
6.2. ALTERNATIVE SWEETENERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ALTERNATIVE SWEETENERS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH FRUCTOSE SYRUP (HFS)
7.3.1. Overview
7.3.2. High Fructose Syrup (HFS) Market Forecast and Analysis
7.4. HIGH-INTENSITY SWEETENER (HIS)
7.4.1. Overview
7.4.2. High-Intensity Sweetener (HIS) Market Forecast and Analysis
7.5. LOW-INTENSITY SWEETENERS (LIS)
7.5.1. Overview
7.5.2. Low-intensity sweeteners (LIS) Market Forecast and Analysis
8. ALTERNATIVE SWEETENERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD
8.3.1. Overview
8.3.2. Food Market Forecast and Analysis
8.4. BEVERAGE
8.4.1. Overview
8.4.2. Beverage Market Forecast and Analysis
8.5. PHARMACEUTICAL
8.5.1. Overview
8.5.2. Pharmaceutical Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALTERNATIVE SWEETENERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Alternative Sweeteners Market Overview
9.1.2 North America Alternative Sweeteners Market Forecasts and Analysis
9.1.3 North America Alternative Sweeteners Market Forecasts and Analysis - By Product Type
9.1.4 North America Alternative Sweeteners Market Forecasts and Analysis - By Application
9.1.5 North America Alternative Sweeteners Market Forecasts and Analysis - By Countries
9.1.5.1 United States Alternative Sweeteners Market
9.1.5.1.1 United States Alternative Sweeteners Market by Product Type
9.1.5.1.2 United States Alternative Sweeteners Market by Application
9.1.5.2 Canada Alternative Sweeteners Market
9.1.5.2.1 Canada Alternative Sweeteners Market by Product Type
9.1.5.2.2 Canada Alternative Sweeteners Market by Application
9.1.5.3 Mexico Alternative Sweeteners Market
9.1.5.3.1 Mexico Alternative Sweeteners Market by Product Type
9.1.5.3.2 Mexico Alternative Sweeteners Market by Application
9.2. EUROPE
9.2.1 Europe Alternative Sweeteners Market Overview
9.2.2 Europe Alternative Sweeteners Market Forecasts and Analysis
9.2.3 Europe Alternative Sweeteners Market Forecasts and Analysis - By Product Type
9.2.4 Europe Alternative Sweeteners Market Forecasts and Analysis - By Application
9.2.5 Europe Alternative Sweeteners Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Alternative Sweeteners Market
9.2.5.1.1 Germany Alternative Sweeteners Market by Product Type
9.2.5.1.2 Germany Alternative Sweeteners Market by Application
9.2.5.2 France Alternative Sweeteners Market
9.2.5.2.1 France Alternative Sweeteners Market by Product Type
9.2.5.2.2 France Alternative Sweeteners Market by Application
9.2.5.3 Italy Alternative Sweeteners Market
9.2.5.3.1 Italy Alternative Sweeteners Market by Product Type
9.2.5.3.2 Italy Alternative Sweeteners Market by Application
9.2.5.4 United Kingdom Alternative Sweeteners Market
9.2.5.4.1 United Kingdom Alternative Sweeteners Market by Product Type
9.2.5.4.2 United Kingdom Alternative Sweeteners Market by Application
9.2.5.5 Russia Alternative Sweeteners Market
9.2.5.5.1 Russia Alternative Sweeteners Market by Product Type
9.2.5.5.2 Russia Alternative Sweeteners Market by Application
9.2.5.6 Rest of Europe Alternative Sweeteners Market
9.2.5.6.1 Rest of Europe Alternative Sweeteners Market by Product Type
9.2.5.6.2 Rest of Europe Alternative Sweeteners Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Alternative Sweeteners Market Overview
9.3.2 Asia-Pacific Alternative Sweeteners Market Forecasts and Analysis
9.3.3 Asia-Pacific Alternative Sweeteners Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Alternative Sweeteners Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Alternative Sweeteners Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Alternative Sweeteners Market
9.3.5.1.1 Australia Alternative Sweeteners Market by Product Type
9.3.5.1.2 Australia Alternative Sweeteners Market by Application
9.3.5.2 China Alternative Sweeteners Market
9.3.5.2.1 China Alternative Sweeteners Market by Product Type
9.3.5.2.2 China Alternative Sweeteners Market by Application
9.3.5.3 India Alternative Sweeteners Market
9.3.5.3.1 India Alternative Sweeteners Market by Product Type
9.3.5.3.2 India Alternative Sweeteners Market by Application
9.3.5.4 Japan Alternative Sweeteners Market
9.3.5.4.1 Japan Alternative Sweeteners Market by Product Type
9.3.5.4.2 Japan Alternative Sweeteners Market by Application
9.3.5.5 South Korea Alternative Sweeteners Market
9.3.5.5.1 South Korea Alternative Sweeteners Market by Product Type
9.3.5.5.2 South Korea Alternative Sweeteners Market by Application
9.3.5.6 Rest of Asia-Pacific Alternative Sweeteners Market
9.3.5.6.1 Rest of Asia-Pacific Alternative Sweeteners Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Alternative Sweeteners Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Alternative Sweeteners Market Overview
9.4.2 Middle East and Africa Alternative Sweeteners Market Forecasts and Analysis
9.4.3 Middle East and Africa Alternative Sweeteners Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Alternative Sweeteners Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Alternative Sweeteners Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Alternative Sweeteners Market
9.4.5.1.1 South Africa Alternative Sweeteners Market by Product Type
9.4.5.1.2 South Africa Alternative Sweeteners Market by Application
9.4.5.2 Saudi Arabia Alternative Sweeteners Market
9.4.5.2.1 Saudi Arabia Alternative Sweeteners Market by Product Type
9.4.5.2.2 Saudi Arabia Alternative Sweeteners Market by Application
9.4.5.3 U.A.E Alternative Sweeteners Market
9.4.5.3.1 U.A.E Alternative Sweeteners Market by Product Type
9.4.5.3.2 U.A.E Alternative Sweeteners Market by Application
9.4.5.4 Rest of Middle East and Africa Alternative Sweeteners Market
9.4.5.4.1 Rest of Middle East and Africa Alternative Sweeteners Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Alternative Sweeteners Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Alternative Sweeteners Market Overview
9.5.2 South and Central America Alternative Sweeteners Market Forecasts and Analysis
9.5.3 South and Central America Alternative Sweeteners Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Alternative Sweeteners Market Forecasts and Analysis - By Application
9.5.5 South and Central America Alternative Sweeteners Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Alternative Sweeteners Market
9.5.5.1.1 Brazil Alternative Sweeteners Market by Product Type
9.5.5.1.2 Brazil Alternative Sweeteners Market by Application
9.5.5.2 Argentina Alternative Sweeteners Market
9.5.5.2.1 Argentina Alternative Sweeteners Market by Product Type
9.5.5.2.2 Argentina Alternative Sweeteners Market by Application
9.5.5.3 Rest of South and Central America Alternative Sweeteners Market
9.5.5.3.1 Rest of South and Central America Alternative Sweeteners Market by Product Type
9.5.5.3.2 Rest of South and Central America Alternative Sweeteners Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALTERNATIVE SWEETENERS MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASSOCIATED BRITISH FOODS PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARGILL, INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E. I. DU PONT DE NEMOURS AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GLG LIFE TECH CORP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEARTLAND FOOD PRODUCTS GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INGREDION INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PURECIRCLE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATE AND LYLE PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZYDUS WELLNESS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Archer Daniels Midland Company
2. Associated British Foods plc
3. Cargill, Incorporated
4. E. I. du Pont de Nemours and Company
5. GLG LIFE TECH CORP
6. Heartland Food Products Group
7. Ingredion Incorporated
8. PureCircle
9. Tate and Lyle PLC
10. Zydus Wellness Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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