The High-Intensity Sweetener market is valued at USD 2.0 Billion in 2022 and is projected to grow at a CAGR of 6.1% during the forecast period, to reach a value of USD 3.6 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global High-Intensity Sweetener demand is projected to grow year-on-year (Y-o-Y) growth of 3.3% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 2.0 Billion |
| Market Forecast Value in 2032 | USD 3.6 Billion |
| Global Growth Rate (2022 to 2032) | 6.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Collective Value Share: Top 3 Countries (2021A) | 40.4% |
High-intensity sweeteners, which are several times sweeter than sugar yet provide only a few to no calories to foods when added, are frequently employed as sugar substitutes or sugar alternatives. Like all other components used to make food in the USA, high-intensity sweeteners are suitable for human consumption.
High-intensity sweeteners are additives that are used to sweeten and enhance the flavor of food. Since they are substantially sweeter than table sugar, fewer high-intensity sweeteners are needed to produce the same level of sweetness as sugar in meals (sucrose). Because they are calorie-free or have very few calories, high-intensity sweeteners can be used in place of sugar for a variety of purposes. Additionally, high-calorie sweets often do not increase blood sugar.
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The market grew with a CAGR of 5.8% between 2017 and 21 as consumer demand for healthy processed goods like sports drinks and other beverages is growing, which is assisting manufacturers of high-intensity sweeteners. Launches of products using stevia are rising quickly. Manufacturers are making significant investments to modernize and increase their manufacturing capacity to meet the rising demand for calorie-free, healthy food, and beverages.
Players in the global high-intensity sweetener market can anticipate profitable prospects due to the rising demand for healthy beverages. Sales of IMO-based products are anticipated to be extremely high due to the constantly growing demand for beverages and chocolate bars made with natural ingredients. Over the forecast year, players in the High-Intensity Sweetener market are anticipated to profit from this advantage.
Food and beverage industries are putting a lot of effort into Research and Development to enhance the nutritional and multifunctional character of food items, which has significant positive effects on health. The historically high fiber content in European diets means that there is a little perceived need for dietary fiber as a functional element. The market for nutritious items has seen a surge in exposure because of IMO, which will likely benefit the larger consumer market. Major multinational producers are well-represented in East Asia, and they have the resources and cutting-edge technology to meet the expanding demands of this market.
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Food manufacturers in the USA work to create food products that match consumers' expectations for both taste and health advantages as the demand for healthy foods rises. High-intensity sweeteners are recognized to have an upfront sweetness similar to sugar and have an energy content High-intensity sweetener like Stevia also has a flavor that is comparable to sucrose and a very similar structure.
Because stevia may be combined with other sweeteners, food manufacturers in a variety of end-use sectors, including bakery, confectionery, and dairy, have begun to use it to create food items. These factors have led to an increase in high-intensity sweetener demand from end-use industries, which is anticipated to fuel the expansion of the worldwide high-intensity sweeteners market.
As functional compounds, like high-intensity sweeteners, offer health advantages without lowering the flavor or sensory quality of food products, there is an increase in demand for functional ingredients in Europe. High-intensity sweetener, which has a feature resistant to digestion, is utilized as a functional ingredient in food items. Customers now prefer safe and practical food options as a result of growing urbanization, increased living standards, a busy professional lifestyle, and other factors.
Additionally, the use of meal replacements made from functional food items is growing as they tend to meet consumers' needs for both energy and nutrition. High-intensity sweeteners are commonly employed in the food sector as a result of rising consumer knowledge and greater internet usage.
High-intensity sweeteners can be used in a range of end markets in the food and beverage sector. Many businesses, including the bakery and beverage industries, use it. Various end-user sectors have shifted to the use of sweeteners to make their products available to consumers with diabetes and those searching for it as a result of the increased awareness of the health issues connected to the usage of food items containing sugar. This element will dominate the market during the expected period.
Stevia is regarded as a rare sugar since it only occurs in trace amounts in stevia plants. The demand for natural ingredients is increasing as a result of customers' increasing health concerns and the negative health impacts associated with using artificial chemicals in products. This feature draws customers as a secure sugar substitute for stevia, which in turn fuels industry expansion.
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The sweetener market is crowded with established businesses, SMEs, and start-ups. Some of the well-known businesses in the industry include Tate and Lyle, Plc., Cumberland Packing Corporation, Cargill, Inc., and Ingredion. Toyo Sugar Refining Co., Ltd., PureCircle, British Foods, Unternehmen SA Givaudan, Mafco, Incorporated, and Archer Daniels Midland Company.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 2.0 Billion |
| Market Forecast Value in 2032 | USD 3.6 Billion |
| Global Growth Rate | 6.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East and Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
| Key Market Segments Covered | Product Type, End-Use Application |
| Key Companies Profiled | Tate & Lyle Plc; HYET Sweet; Cargill, Incorporated; The NaturaSweet Company; The Company Hermes Sweeteners Ltd.; Australia and New Zealand Food Additives Co., Ltd.; DuPont, PureCircle; Archer Daniels Midland Company; Ajinomoto.; Others |
| Pricing | Available upon Request |
The High-Intensity Sweetener market is estimated to reach sales of nearly USD 2.0 Billion by 2022.
High-Intensity Sweetener market revenue is expected to increase at a CAGR of around 6.1% during the period 2022 to 2032.
High-Intensity Sweetener sales increased a CAGR of around 5.8% over the past half-decade.
The global High-Intensity Sweetener market value is estimated to be around USD 3.6 Billion in 2032.
The top countries driving the High-Intensity Sweetener demand are the USA, Germany, China, and the United Kingdom.
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High-Intensity Sweetener Market
