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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
This text is related
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 Sweeteners Market - By Type
1.3.2 Sweeteners Market - By Application
1.3.3 Sweeteners Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. 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. 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 AND RESTRAINTS
6. SWEETENERS MARKET - GLOBAL MARKET ANALYSIS
6.1. SWEETENERS - GLOBAL MARKET OVERVIEW
6.2. SWEETENERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SWEETENERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.4. ARTIFICIAL
7.4.1. Overview
7.4.2. Artificial Market Forecast and Analysis
8. SWEETENERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery And Confectionery Market Forecast and Analysis
8.4. DAIRY AND FROZEN DESSERTS
8.4.1. Overview
8.4.2. Dairy And Frozen Desserts Market Forecast and Analysis
8.5. BEVERAGES
8.5.1. Overview
8.5.2. Beverages Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SWEETENERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sweeteners Market Overview
9.1.2 North America Sweeteners Market Forecasts and Analysis
9.1.3 North America Sweeteners Market Forecasts and Analysis - By Type
9.1.4 North America Sweeteners Market Forecasts and Analysis - By Application
9.1.5 North America Sweeteners Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sweeteners Market
9.1.5.1.1 United States Sweeteners Market by Type
9.1.5.1.2 United States Sweeteners Market by Application
9.1.5.2 Canada Sweeteners Market
9.1.5.2.1 Canada Sweeteners Market by Type
9.1.5.2.2 Canada Sweeteners Market by Application
9.1.5.3 Mexico Sweeteners Market
9.1.5.3.1 Mexico Sweeteners Market by Type
9.1.5.3.2 Mexico Sweeteners Market by Application
9.2. EUROPE
9.2.1 Europe Sweeteners Market Overview
9.2.2 Europe Sweeteners Market Forecasts and Analysis
9.2.3 Europe Sweeteners Market Forecasts and Analysis - By Type
9.2.4 Europe Sweeteners Market Forecasts and Analysis - By Application
9.2.5 Europe Sweeteners Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sweeteners Market
9.2.5.1.1 Germany Sweeteners Market by Type
9.2.5.1.2 Germany Sweeteners Market by Application
9.2.5.2 France Sweeteners Market
9.2.5.2.1 France Sweeteners Market by Type
9.2.5.2.2 France Sweeteners Market by Application
9.2.5.3 Italy Sweeteners Market
9.2.5.3.1 Italy Sweeteners Market by Type
9.2.5.3.2 Italy Sweeteners Market by Application
9.2.5.4 United Kingdom Sweeteners Market
9.2.5.4.1 United Kingdom Sweeteners Market by Type
9.2.5.4.2 United Kingdom Sweeteners Market by Application
9.2.5.5 Russia Sweeteners Market
9.2.5.5.1 Russia Sweeteners Market by Type
9.2.5.5.2 Russia Sweeteners Market by Application
9.2.5.6 Rest of Europe Sweeteners Market
9.2.5.6.1 Rest of Europe Sweeteners Market by Type
9.2.5.6.2 Rest of Europe Sweeteners Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sweeteners Market Overview
9.3.2 Asia-Pacific Sweeteners Market Forecasts and Analysis
9.3.3 Asia-Pacific Sweeteners Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sweeteners Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sweeteners Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sweeteners Market
9.3.5.1.1 Australia Sweeteners Market by Type
9.3.5.1.2 Australia Sweeteners Market by Application
9.3.5.2 China Sweeteners Market
9.3.5.2.1 China Sweeteners Market by Type
9.3.5.2.2 China Sweeteners Market by Application
9.3.5.3 India Sweeteners Market
9.3.5.3.1 India Sweeteners Market by Type
9.3.5.3.2 India Sweeteners Market by Application
9.3.5.4 Japan Sweeteners Market
9.3.5.4.1 Japan Sweeteners Market by Type
9.3.5.4.2 Japan Sweeteners Market by Application
9.3.5.5 South Korea Sweeteners Market
9.3.5.5.1 South Korea Sweeteners Market by Type
9.3.5.5.2 South Korea Sweeteners Market by Application
9.3.5.6 Rest of Asia-Pacific Sweeteners Market
9.3.5.6.1 Rest of Asia-Pacific Sweeteners Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sweeteners Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sweeteners Market Overview
9.4.2 Middle East and Africa Sweeteners Market Forecasts and Analysis
9.4.3 Middle East and Africa Sweeteners Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sweeteners Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sweeteners Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sweeteners Market
9.4.5.1.1 South Africa Sweeteners Market by Type
9.4.5.1.2 South Africa Sweeteners Market by Application
9.4.5.2 Saudi Arabia Sweeteners Market
9.4.5.2.1 Saudi Arabia Sweeteners Market by Type
9.4.5.2.2 Saudi Arabia Sweeteners Market by Application
9.4.5.3 U.A.E Sweeteners Market
9.4.5.3.1 U.A.E Sweeteners Market by Type
9.4.5.3.2 U.A.E Sweeteners Market by Application
9.4.5.4 Rest of Middle East and Africa Sweeteners Market
9.4.5.4.1 Rest of Middle East and Africa Sweeteners Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sweeteners Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sweeteners Market Overview
9.5.2 South and Central America Sweeteners Market Forecasts and Analysis
9.5.3 South and Central America Sweeteners Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sweeteners Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sweeteners Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sweeteners Market
9.5.5.1.1 Brazil Sweeteners Market by Type
9.5.5.1.2 Brazil Sweeteners Market by Application
9.5.5.2 Argentina Sweeteners Market
9.5.5.2.1 Argentina Sweeteners Market by Type
9.5.5.2.2 Argentina Sweeteners Market by Application
9.5.5.3 Rest of South and Central America Sweeteners Market
9.5.5.3.1 Rest of South and Central America Sweeteners Market by Type
9.5.5.3.2 Rest of South and Central America 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. SWEETENERS MARKET, KEY COMPANY PROFILES
11.1. AJINOMOTO
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. ARCHER DANIELS MIDLAND COMPANY
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. CELANESE CORPORATION
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. COFCO INTERNATIONAL
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. DUPONT NUTRITION
AND HEALTH
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. KERRY GROUP PLC
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. TATE AND LYLE PLC
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. TEREOS SA
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. WILMAR INTERNATIONAL LIMITED
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. 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.
- 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.
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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.
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- 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.
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