The global Low-calorie Sweeteners Market is expected to exceed USD 29 Billion by 2022 and expand at a CAGR of 4.7% during the assessment period (2022 to 2032). Overall demand in the low-calorie sweeteners market is expected to reach a valuation of USD 46 Billion by the end of 2032.
Attributes | Key Statistics |
---|---|
Low-Calorie Sweeteners Expected Market Size (2022E) | USD 29 Billion |
Market Projected Size (2032F) | USD 46 Billion |
Value CAGR (2022 to 2032) | 4.7% |
Top 3 Countries Market Share | 35.8% |
The low-calorie sweeteners market accounts for around 20% in the global sweetener market, which was valued at USD 137 Billion in 2021. Growth of the low-calorie sweeteners market is attributed to the rising preference for a healthy alternative to regular sweeteners or sugars.
Consumption of sugar cause numerous health issues such as diabetes and subsequently obesity among consumers. This is expected to fuel the demand for low-calorie sweeteners or alternatives across the globe.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per Future Market Insights (FMI), the low-calorie sweeteners sales are expected to grow at a CAGR of roughly 4.7% between 2022 and 2032. With rising prevalence of lifestyle disorders, consumers are becoming conscious regarding their food choices. This is resulting in decreased consumption of food products with high level of sugar, carbohydrates, and other ingredients harmful to health.
Hence, key manufacturers are regularly incorporating low-calorie sweeteners in their products such as such as stevia, aspartame, neotame, advantame, sucralose, acesulfame potassium and saccharin which give the same taste as sugar.
Furthermore, post FQ-20, consumption of healthy and nutritious meals has surged across the globe. As a result, low-calorie sweeteners, which are considered a healthier alternative to sugar, witnessed a boom in demand across the globe. As per FMI, key companies in the industry are trying to regain their foothold by relying on e-commerce and internet marketing to reach customers across borders.
Currently, these players are attempting to improve their product offerings by including natural low calorie sweeteners in their product portfolio such as stevia, which are cholesterol-free, and vegan low calorie sweeteners.
Low-calorie sweeteners are frequently used in various industries such as the food & beverage, pharmaceutical, and others due to the health benefits associated with their consumption. They are used in the production of low-calorie or sugar-free drinks and foods, which are mostly consumed among diabetic, obese, and people with high cholesterol.
Furthermore, they are also used in the pharmaceutical sector for manufacturing medications and supplements with little or no sugar. Low-calorie sweeteners are available in a variety of formats, including liquid, tablet, powder, and packets, and can be used to make syrups or pellet medications. They are also used in the production of personal care products such as toothpaste and mouthwash.
Increasing Prevalence of Obesity to Fuel Low-Calorie Sweeteners Sales in the USA.
Obesity and related disorders are increasing in the U.S., prompting dietary experts to encourage people to consume low-calorie foods, opines FMI. Rising awareness regarding health in the U.S. and consciousness about the calorie content is improving the demand for low-calorie sweeteners in the food items.
Increasing Preference for Less-Sugar Desserts to Improve the Demand for Low-Calorie Sweeteners
Over the past-half decade, over 48% of consumer in Germany are actively reducing high-calorie and fat-containing desserts owing to rising incidence of lifestyle diseases such as cardiovascular, diabetes, and thyroid.
The main cause of these diseases is intake of sugary-food products and weight gain. Hence, demand for food products with less or no sugar is burgeoning.
To capitalize on this, manufacturers are developing desserts using low-calorie sweeteners such as natural dessert, frozen yoghurt, and others. As a result of these growing health concerns, consumers have increasingly replacing sugar in dessert with low calorie sweeteners, fueling the growth in the market.
China Low-Calorie Sweeteners Market to Gain from Rising Incidence of Diabetes
According to the International Diabetes Federation, China's diabetic population is rapidly increasing. According to the most recent figures, one out of every ten Chinese adults has diabetes. Furthermore, obese population in China is likely to increase over the forthcoming decade, as result of unhealthy eating habits.
Furthermore, as China has urbanized, the inactive lifestyle influenced by Westerners has infiltrated Chinese society, resulting in less exercise and increased intake of sugar-sweetened beverages by consumers. As a result of growing knowledge of the health issues such as diabetes arising from sweet consumption in China, has propelled the demand for low calorie sweeteners.
Stevia to Remain the First Choice of Low-Calorie Sweeteners Manufacturers
Stevia is a low-calorie sweetener that is widely used in the food & beverage and pharmaceutical industry owing to its natural source from the leaves of the stevia rebaudiana plant. This plant is primarily farmed in South America for its sweetness and therapeutic properties.
Stevia leaves contain a number of chemicals such as stevioside and rebaudioside A and are much sweeter than sugar while containing nearly little to no calories.
Furthermore, a few research suggest that stevia may have health benefits, such as reducing hypertension and lower blood pressure. It may also be beneficial as a sugar substitute for diabetics, allowing them to maintain a healthy lifestyle.
Low-Calorie Sweeteners Derived from Natural Source to Remain Highly Sought-After
Demand for foods and beverages containing natural low-calorie sugar is growing among health-conscious consumers, driving low-calorie sweetener market. Since natural ingredients are in high demand in food & beverage industry, an increasing number of key players are supplying low-calorie sweeteners derived from natural sources.
Furthermore, consumers prefer food items produced from natural components because they have few to no negative consequences on the consumer's health. During the assessment period, these factors are projected to boost the expansion of the low-calorie sweeteners market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key players in the low-calorie sweetener market are focusing on both organic and inorganic strategies such as mergers and acquisitions or new product innovation to expand their footprint. The market is primarily dominated by multinational player such as DuPont and Nestle.
These players are focusing on packaging of their products as it plays an important role in maintaining the product quality, value and shelf life. For instance,
Attribute | Details |
---|---|
Expected Market Size (2022E) | USD 29 Billion |
Market Projected Size (2032F) | USD 46 Billion |
Value CAGR (2022-2032) | 4.7% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and the Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
Key Segments Covered | Type, Source, Application and Region |
Key Companies Profiled | Tate and Lyle; Archer Daniels Midland; I. du Pont de Nemours and Company; Cargill Inc.; Nestle S.A.; Ajinomoto Co., Inc.; Foodchem International Corporation; Ingredion Inc.; Celanese Corporation; NutraSweet; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global low-calorie sweeteners market was valued at USD 27.8 Billion in 2021.
The low-calorie sweeteners market is expected to grow at a moderate CAGR of around 4.7% over the forecast period.
The low-calorie sweeteners market is expected to reach a valuation of USD 46 Billion by the end of 2032.
Sales of low-calorie sweeteners in North America are anticipated to drive the overall market during the projected period of 2022 to 2032.
Some of the prominent player in the low-calorie sweeteners market are Tate and Lyle, Archer Daniels Midland, I. du Pont de Nemours and Company, Cargill Inc., Nestle S.A., Ajinomoto Co., Inc. and Foodchem International Corporation among others.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Stevia 5.2. Aspartame 5.3. Neotame 5.4. Advantame 5.5. Sucralose 5.6. Saccharin 5.7. Acesulfame Potassium 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 6.1. Natural 6.2. Artificial 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Food and Beverages 7.2. Bakery Products 7.3. Oral Care Products 7.4. Dairy Products 7.5. Sauces 7.6. Soft Drinks 7.7. Pharmaceuticals 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Tate and Lyle 18.2. Archer Daniels Midland 18.3. I. du Pont de Nemours and Company 18.4. Cargill Inc. 18.5. Nestle S.A. 18.6. Ajinomoto Co., Inc. 18.7. Foodchem International Corporation 18.8. Ingredion Inc. 18.9. Celanese Corporation 18.10. NutraSweet 18.11. Sudzucker AG 18.12. Symrise AG 18.13. Mitsui Sugars Co., Ltd 18.14. Others (on additional request) 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Food and Beverage Insights
View Reports