Global Food Sweetener Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Food Sweetener Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global food sweetener market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global food sweetener market size reached US$ 89.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
A food sweetener functions as a type of food additive designed to add sweetness to a variety of food and beverage items, including soft drinks, confectionery, baked goods, and dietary products. Available in diverse forms such as natural sweeteners like sugar and honey, as well as artificial sweeteners like saccharin, aspartame, and sucralose, it offers consumers a broad spectrum of sweetening options to match their taste preferences and dietary needs. Not only is it non-cariogenic, inhibiting the growth of cavity-causing bacteria in the mouth and promoting better dental health, but it also serves as a preservative by reducing water activity in products, thereby extending shelf life and preventing microbial spoilage. The primary goal is to impart a sweet taste to products without the additional calories associated with sugar. Capable of replacing sugar in recipes and formulations while maintaining sweetness, it also has the added benefit of minimizing undesirable flavors, bitterness, or aftertastes that may be present in certain ingredients or formulations. For those seeking an alternative to enjoy sweet flavors in their food and beverages while reducing overall sugar intake, it proves to be a valuable option. Moreover, it enables manufacturers to decrease the calorie content of their products, catering to individuals managing their calorie intake or adhering to specific dietary restrictions. Given its positive impact on weight management by allowing individuals to satisfy their sweet cravings without the surplus calories, the demand for food sweeteners is on the rise globally.
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Global Food Sweetener Market Trends and Drivers:
The market is experiencing substantial growth due to increased awareness of health concerns related to high sugar intake. This trend is reinforced by a growing preference for food sweeteners among individuals seeking to manage their blood sugar levels. The demand for lower-calorie and reduced-sugar alternatives is on the rise to mitigate health issues like obesity and diabetes. This is particularly evident in the increased use of sweeteners in non-alcoholic beverages such as soft drinks and flavored water, creating attractive opportunities for industry investors. The market is further influenced by the surging popularity of natural sweeteners like stevia and monk fruit extracts, driven by the rising consumer preference for natural and clean-label products.
Additionally, the incorporation of food sweeteners in baked goods, including cakes, cookies, pastries, and bread, is contributing to market growth by enhancing flavor while reducing overall sugar content. The market is also benefiting from the integration of sweeteners into functional and fortified food items like protein bars and energy drinks. Furthermore, there is a growing demand for food sweeteners in liquid medications to improve taste and ease of administration. The use of sweeteners in oral care products, such as toothpaste and mouthwash, to enhance taste and diminish bitter or unpleasant flavors, is adding to the positive market outlook. Overall, these various factors are collectively driving the expansion of the food sweeteners market.
Global Food Sweetener Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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
The report segmented the market on the basis of region, product type, application and distribution channel.
Breakup by Product Type:
- Starch Sweeteners and Sugar Alcohols
- High Fructose Corn Syrup (HFCS)
- High Intensity Sweeteners (HIS)
- 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
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- 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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