Sweeteners Market Size to be Worth $97.57 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Oct. 18, 2022 /PRNewswire/ -- The global sweeteners market size is expected to reach USD 97.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.4% from 2022 to 2030. The growing application of sweeteners in the food and beverage industry across the globe is driving the market. Further, the growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners such as high-intensity sweeteners.

Key Industry Insights & Findings from the report:

• The sucrose type segment led the market in 2021 owing to its wide application in the food & beverages, pharmaceuticals, cosmetics, and personal care products industries, easy availability, and low costs.
• The liquid form segment is expected to grow at a lucrative rate of 2.9% over the forecast period as the liquid form offers more solubility and flexibility for use in different applications such as food & beverages, pharmaceuticals, and personal care and cosmetics.
• Asia Pacific dominated the market with a share of over 30.0% in 2021. The increasing application of sweeteners in various food products in economies such as China and India is a key factor contributing to the growth of the food and beverage industry in the region.

Read 230-page full market research report for more latest Insights, "Sweeteners Market Size, Share & Trends Analysis Report By Type (Sucrose, Tagatose), By Form (Solid, Liquid), By Application (Bakery & Confectionery, Pharmaceuticals), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Sweeteners Market Growth & Trends

Increasing health consciousness among consumers in emerging economies is expected to accelerate the market growth during the forecast period. The growth of honey and artificial sweeteners is majorly attributed to rising health consciousness among consumers to encourage healthier and more nutritious food around the globe. In addition to this, the rising inclination towards natural products is propelling the growth of the market.

Increasing frequency of diseases occurring due to unhealthy lifestyles has resulted in the growing demand for nutrient-rich food, which is anticipated to drive the market over the forecast period. Low-calorie sweeteners such as high-intensity sweeteners, polyol sweeteners, and rare sugar are anticipated to witness substantial growth over the forecast period owing to their increasing applications and health benefits.

The growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners. Low-calorie sweeteners contain very few calories but have a high intensity of sweetness per gram than high-calorie sweeteners such as table sugar, fruit juice concentrates, and corn syrup. They are widely used in various beverages and foods such as frozen desserts, yogurt, candies, baked goods, chewing gum, breakfast cereals, gelatins, and puddings.

Rising awareness regarding obesity and cardiovascular diseases is expected to limit the demand for fatty foods and food with added high fructose corn syrup (HFCS) and sucrose, which are considered high-calorie sweeteners. This factor is anticipated to positively support the growth of high-intensity sweeteners such as stevia, aspartame, and fat replacers such as whey protein and starch.

Europe is witnessing an increased demand for cakes, pastries, bread-based products, and beverages, which is driving the demand for sweeteners. Further, increasing health-conscious population is expected to support sales of healthy food and beverages, along with healthy sweeteners in Europe. According to the British Soft Drinks Association, low-/no-calorie drinks held a share of 68.6% of the total sales of soft drinks in the U.K. in 2020. Low-calorie food and beverages are gaining popularity in the region, thus contributing to the growth of the market for high-intensity sweeteners, fat replacements, and flavor enhancers.

Sweeteners Market Segmentation

Grand View Research has segmented the global sweeteners market based on type, form, application, and region:

Sweeteners Market - Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Sucrose
• High-Fructose Corn Syrup
• Polyol Sweeteners/Sugar Alcohols
• Sorbitol
• Xylitol
• Mannitol
• Maltitol
• Isomalt
• Erythritol
• Lyxitol
• Others
• High Intensity Sweeteners
• Aspartame
• Sucralose
• Saccharin
• Cyclamates
• Acesulfame Potassium (Ace- K)
• Stevia
• Monk Fruit (Luo Han Guo)
• Brazzein
• Others
• Allulose
• Tagatose
• Cambya
• Others

Sweeteners Market - Form Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Solid
• Liquid

Sweeteners Market - Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Bakery & Confectionery
• Beverages
• Dairy & Frozen Desserts
• Pharmaceuticals
• Others

Sweeteners Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• UAE

List of Key Players of Sweeteners Market

• ADM
• Ingredion
• Cargill, Incorporated
• Roquette Frères
• Tate & Lyle
• Foodchem International Corporation
• PureCircle
• Pyure Brands LLC
• Beeyond the Hive
• Dabur India Ltd.
• Kerry Group plc
• Ajinomoto Co., Inc.
• International Flavors & Fragrances Inc.
• DFI Corporation
• Nascent Health Sciences, LLC

Check out more related studies published by Grand View Research:

• Reduced Sugar Food & Beverages Market - The global reduced sugar food & beverages market size is expected to reach USD 99.79 billion by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing global awareness of healthy foods with reduced sugar and calories is a primary driving factor for market growth. Furthermore, significant changes in the food consumption patterns of consumers in lockdown across the globe aided market growth.
• Superfood Powders Market - The global superfood powders market size is expected to reach USD 11.50 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2022 to 2030. The market has witnessed rapid growth in recent years and has caught consumers' attention owing to the increasing prevalence of obesity and diabetes and consumers opting for healthy diets. Growing consumer need for antioxidants, phytochemicals, vitamins, and minerals has increased the popularity of superfood powders in past years.
• Sugar-free Confectionery Market - The global sugar-free confectionery market size is expected to reach USD 2.81 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027. Rising awareness regarding health and wellness among millennials as a result of an increasing number of advertising campaigns aimed at fitness improvement is expected to increase spending on sugar-free confectionery.

Browse through Grand View Research's Consumer F&B Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc