Food Sweetener Market by Product Type, Distribution Channel, End User 2023-2028

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Global Food Sweetener Market Research Report:

The latest report by IMARC, titled “ Food Sweetener Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

” " the global food sweetener market size reached US$ 89.3 Billion in 2022. Food sweetener refers to an additive used to impart a sweet taste in various food and beverages (F&B). It includes artificial and natural products, such as sucrose, molasses, thaumatin, honey, saccharine, corn syrup, maltitol, xylitol, glucose, and maple syrup. Food sweeteners are identical to sugar in texture, taste, functionality, and interaction with ingredients.

They are also used in the fermentation, tenderization, caramelization, and food browning processes. Food sweeteners act as a carrier for trace ingredients and are essential for maintaining freshness, reducing freezing points, retaining moisture, enhancing flavor, and improving viscosity. They also assist in regulating calorie intake and minimizing the risk of various diseases, such as diabetes, obesity, and tooth decay.

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Global Food Sweetener Market Trends:

The rising product utilization in the F&B industry is one of the primary factors driving the market growth. Food sweeteners are widely used in soft drinks, candies, chewing gums, yogurt, desserts, cold breakfast cereals, instant coffee, tea, puddings, ice creams, toppings, fruit juices, dairy, and bakery products. Moreover, the escalating demand for various convenience and processed goods, such as ready-to-eat (RTE) foods, ready-to-drink (RTD) beverages, frozen dinners, and snacks, is acting as another growth-inducing factor. Furthermore, the increasing concerns regarding the prevalence of obesity are encouraging consumers to opt for natural and zero-calorie sweeteners, which, in turn, is propelling the market growth. In line with this, rising consumer awareness regarding various health benefits of the product, as it prevents tooth decay, controls blood sugar levels, reduces calorie intake, maintains weight, and aids in managing diabetes and cardiovascular diseases (CVDs), is providing an impetus to the market growth. Apart from this, the introduction of plant-based food sweeteners, such as stevia and monk fruit, that are healthier, safer, more reliable, and offer improved taste, is positively influencing the market growth. Additionally, the widespread product utilization to manufacture low-sugar and -calorie consumer goods, such as ice cream, diet coke, and puddings, due to the rising health consciousness among the masses, is favoring the market growth. Other factors, including rising expenditure capacities of consumers, increasing product availability across various e-commerce platforms, and the implementation of various government initiatives to reduce sugar consumption, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 104.2 Billion by 2028, exhibiting a CAGR of 2.3% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Breakup by Product Type:

• Sucrose

• Starch Sweeteners and Sugar Alcohols

• Dextrose

• High Fructose Corn Syrup (HFCS)

• Maltodextrin

• Sorbitol

• Xylitol

• Others

• High Intensity Sweeteners (HIS)

• Sucralose

• Stevia

• Aspartame

• Saccharin

• Neotame

• Acesulfame Potassium (Ace-K)

• Others

Breakup by Application:

• Bakery and Confectionery

• Dairy and Desserts

• Beverages

• Meat and Meat Products

• Soups, Sauces and Dressings

• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets

• Departmental Stores

• Convenience Stores

• Online Stores

• Others

Breakup by Region:

• North America

• United States

• Canada

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• Asia-Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

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• Middle East and Africa

Competitive Landscape with Key Players:

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

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