Naturally derived sweeteners market size is estimated to reach a valuation of USD 9.6 Billion by 2022 and exceed USD 17 Billion by 2032, growing at a CAGR of 5.9% during the forecast period 2022 to 2032.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 9.6 Billion |
| Market Forecast Value in 2032 | USD 17 Billion |
| Global Growth Rate | 5.9% |
| Forecast Period | 2022 to 2032 |
In recent years, the global natural sweeteners market has seen increasing trends. The growth of this industry is primarily driven by an increase in consumer health consciousness, which encourages demand for healthier food options, an increase in demand for natural sweeteners due to a shift in consumer preferences toward organic products, and a growing demand for alternatives of sugar in a variety of food and beverage applications.
Other factors boosting demand for these natural sweeteners include their increasing use in the food and beverage industry, particularly in emerging and impoverished nations, due to their low-calorie and naturally sweetening qualities. However, concerns such as ambiguity about health problems caused by excessive usage of natural sweeteners are impeding the growth of the natural sweeteners industry.
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| Particulars | Details |
|---|---|
| H1 2021 | 5.8% |
| H1 2022 Projected | 5.9% |
| H1 2022 Expected | 6.5% |
| BPS Change | - 64.9 ↓ |
FMI presents a half-yearly comparison analysis and review of the market growth rates and further development prospects in the global market. The market is predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.
Some new developments that have taken place in these markets include:
The global market for Naturally Derived Sweeteners is witnessing H1 2021 growth at the magnitude of 5.8%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 6.5%. Thus, leaving the gap of -64.9 BPS points between expected and projected growth during H1 2022.
Key reasons for this change in growth rate are attributed to slow/rapid uptake of the market during the first half of the forecast period owing to improving end-user demand in key economies and their booming populations.
In particular, China and India are both seeing an increase in their consumption pattern which is resulting in increased demand for Naturally Derived Sweeteners market. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.
Despite these positive prospects, there are some likely challenges that stay ahead for the industry including the shift in consumer preferences, stringent trade barriers, low degree of security in raw material supply, and other manufacturing inputs.
As people become more aware of healthcare options, they are becoming more cognizant of their dietary needs. As a result, customers are moving their preferences toward healthy and natural goods when it comes to food and beverage consumption, supporting the growth of the Naturally Derived Sweeteners Market.
Because of the rising prevalence of diabetes and obesity among consumers around the world, there is a significant increase in demand for low-calorie and sugar-free products, which is expected to boost the growth of the Naturally Derived Sweeteners Market.
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In 2021, East Asia had the largest market share, accounting for 37.8% of the total. Growing demand for stevia products, high availability of raw materials, and increased investment by big corporations are all contributing to this segments’ growth.
The market is being driven by the increased use of low-calorie and sugar-free goods among the diabetic population in the region. Due to reasons such as increased health awareness among consumers and increasing demands for natural sweeteners in beverages and food as well as pharmaceuticals, East Asia is expected to be the fastest
Due to a rising shift in consumer preference toward natural sugar and increased demand for new products from customers, the Food and Beverage industry held the highest share in 2021. The market is developing due to an increase in demand for natural goods in food and beverages as a result of rising health consciousness among consumers.
Because of the growing demand for natural goods in pharmaceuticals and increased research & development efforts, the pharmaceuticals segment is expected to be the fastest expanding category. Natural sweeteners are in high demand in pharmaceuticals due to their non-toxic nature.
Because of the increased demand for low-calorie goods, the stevia category had the biggest share in 2021. Stevia is made up of eleven main steviol glycosides and does not add carbs or calories to the foods or beverages to which it is added. The diabetic population's rising demand for stevia products is propelling the industry forward.
During the projection period 2022 to 2032, coconut sugar is expected to be the fastest expanding category, with a CAGR of 6.4%. This is due to reasons including rising demand for natural goods and increased knowledge of the health advantages of coconut products.
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Businesses in the naturally derived sweeteners industry are increasingly more engaged with beginning tactics such as focused marketing, CSR initiatives, and other strategies in order to increase their global significance.
A notable tendency that can be seen across the board is that these businesses are now attempting to handle a certain business-related activity in a nation with favourable legislation so that they are able to save expenses while still employing industry experts at important points in their operations.
Authorities in growing nations such as India, China, Taiwan, and Indonesia, among others, are pursuing policies to entice foreign investors into their manufacturing sectors by cutting trade taxes and levies in order to create more employment.
According to the market research E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd.
GLG Lifetech Corporation Wisdom Natural Brands (SweetLeaf Stevia), are among the key players in the naturally derived sweeteners market.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 9.6 Billion |
| Market Forecast Value in 2032 | USD 17 Billion |
| Global Growth Rate | 5.9% |
| 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 | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
| Key Market Segments Covered | Nature, From, Product, End Use, and Region |
| Key Companies Profiled | E. I. du Pont de Nemours Company; Archer Daniels Midland Company; Merisant Company; Tate & Lyle PLC; Cargill; Madhava Natural Sweeteners; PureCircle Limited; Herboveda India Pvt. Ltd.; GLG Lifetech Corporation; Wisdom Natural Brands (SweetLeaf Stevia) |
| Pricing | Available upon Request |
By End Use:
Currently naturally derived sweeteners market is worth more than USD 9.1 Billion.
Naturally derived sweeteners consumption is expected to grow at a CAGR of around 5.9% during the period 2022 to 2032.
In terms of revenue, naturally derived sweeteners grew at a CAGR of around 4.7% during 2017 to 2021.
The primary factor driving the growth of the naturally derived sweeteners market is the rising consumer health consciousness.
Market players are opting for technological advancement, new product developments and production capacity expansion.
The top 5 producers of naturally derived sweeteners hold around 21% of the market share.
The USA, India, and China are the major countries driving demand for naturally derived sweeteners.
The major players involved in the naturally derived sweeteners market are E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd. GLG Lifetech Corporation Wisdom Natural Brands (SweetLeaf Stevia),.
East Asia holds around 37.8% of the total naturally derived sweeteners revenue share.
USA naturally derived sweeteners market is projected to grow at a CAGR of around 4.5% over the next ten years.
1. Market Overview 2. The Massive Impact of the Crisis 3. Market Background 4. Key Regulations 5. Global Market - Production and Trade Analysis 6. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 7. Global Market - Pricing Analysis 8. Global Market Demand (Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Natural Sweetener Blends 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 10.1. Crystals Form 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 11.1. Organic 11.2. Conventional 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use 12.1. Food 12.1.1. Bakery Goods 12.1.2. Sweet Spreads 12.1.3. Confectionery 12.1.4. Dairy Products 12.1.5. Canned Food 12.1.6. Other Food 12.2. Beverages 12.2.1. Powdered Drinks and Mixes 12.2.2. Carbonated Drinks 12.2.3. Fruit Drinks & Juice 12.2.4. Other Beverages 12.3. Personal Care 12.4. Pharmaceuticals 12.5. Tabletop Sweetener 13. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 13.1. Offline Sales Channel 13.1.1. Supermarkets/Hypermarkets 13.1.2. Departmental Stores 13.1.3. Convenience Store 13.1.4. Other Sales Channel 13.2. Online Sales Channel 13.2.1. Company Website 13.2.2. E-commerce Platform 14. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 14.1. North America 14.2. South America 14.3. Europe 14.4. East Asia 14.5. South Asia 14.6. Oceania 14.7. MEA 15. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032 21. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 22. Key Countries Bulk Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 23. Market Structure Analysis 24. Competition Deep Dive (Tentative List) 24.1. E. I. du Pont de Nemours Company 24.2. Archer Daniels Midland Company 24.3. Merisant Company 24.4. Tate & Lyle PLC 24.5. Cargill 24.6. Madhava Natural Sweeteners 24.7. PureCircle Limited 24.8. Herboveda India Pvt. Ltd. 24.9. GLG Lifetech Corporation 24.10. Wisdom Natural Brands (SweetLeaf Stevia) 25. Assumptions and Acronyms Used 26. Research Methodology
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Naturally Derived Sweeteners Market
