As per the latest analysis, the global sweet protein market size is expected to reach US$ 12.1 million in 2023. Over the projection period, global demand for sweet proteins is anticipated to surge at a compound annual growth rate (CAGR) of 8.1%. The worldwide sales of sweet proteins are anticipated to total US$ 19.7 million by 2033.
The global market for sweet proteins is poised to exhibit a robust growth trajectory during the forecast period. This is attributable to a combination of factors, including:
Sweet Protein Industry Trends
Key Tactics that Could Help Sweet Protein Manufacturers to Stay Competitive-
| Attribute | Key Insights |
|---|---|
| Estimated Sweet Protein Market Revenue (2023) | US$ 12.1 million |
| Projected Market Size (2033) | US$ 19.7 million |
| Anticipated Growth Rate (2023 to 2033) | 8.1% |
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Global sales of sweet proteins grew at a 4.3% CAGR during the historical period. Total market valuation at the end of 2022 reached around US$ 11.6 million.
Sales growth of alternative sweet proteins in the last several years was driven by their growing popularity at the household level. Health-conscious individuals shifted their preference from artificial or processed sugars to sweet proteins. This created a steady demand for sugar substitutes such as sweet proteins.
| Attributes | Details |
|---|---|
| Sweet Protein Market Size in 2018 | US$ 9.8 million |
| Market Value in 2022 | US$ 11.6 million |
| Market (CAGR 2018 to 2022) | 4.3% |
Future Dynamics of Sweet Protein Market
Over the forecast period, global demand for sweet proteins is projected to rise at an 8.1% CAGR. By 2033, the total market valuation is anticipated to reach US$ 19.7 billion. This is attributable to the rising demand for natural sweeteners from food & beverages, bakery, and confectionary sectors.
| Attributes | Details |
|---|---|
| Projected Sweet Protein Market Value (2033) | US$ 19.7 billion |
| Anticipated CAGR (2023 to 2033) | 8.1% |
Factors Driving Growth of the Sweet Protein Market
Healthcare professionals and nutritionist experts have started recommending sweet proteins, which has rendered a positive outlook on the product and its market as well. Due to their low-calorie content, natural sweet proteins are a well-liked option for people who want to savor sweet flavors yet watch their calorie consumption.
The growing burden of diabetic patients worldwide is also boosting the demand for protein-based sweeteners. Low-calorie sweet proteins have emerged as a healthy choice for people with diabetes since they do not increase blood sugar levels.
Utilizing sweet or allulose proteins as a component in the food & beverage sector increases brand share regardless of the color or taste of the final product. As more market players resort to high-protein sweeteners, the overall market could be strengthened further.
When compared to conventional sugars, a handful of sweet protein formulations taste sweeter and more concentrated, which improves the overall flavor of items. Hence, several sweet protein innovations have expanded the applications of the product, ultimately boosting its adoption in hotels, restaurants, and cafes as well.
The table below gives an insight into how top-performing countries are going to respond to the growing demand for sweet proteins. The United Kingdom and China markets are expected to progress due to the booming food & beverage industry, advancing manufacturing technologies, and growing need for low-calorie sweeteners.
India is expected to present lucrative growth prospects to sweet protein manufacturers and suppliers. This is due to rapid population growth, increasing demand for packaged foods, and rising health awareness.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 5.6% |
| India | 6.7% |
| China | 5.6% |
The United Kingdom’s sweet protein market is poised to exhibit steady growth during the forecast period. This is attributable to the rising popularity of natural sweeteners and favorable government support.
Demand for sweet proteins in the United Kingdom is anticipated to surge at a 5.6% CAGR through 2033. It will likely remain a key market for manufacturers of sweet proteins throughout the assessment period.
The general public in the United Kingdom is turning to natural sugar substitutes as their focus on health and well-being is growing. Further, an initiative by the government and other health groups to decrease sugar intake is anticipated to improve the United Kingdom’s sweet protein market share.
China is currently the leading market in Asia for the production, consumption as well and export of sweet proteins. Overall sales of sweet proteins in China are predicted to expand at a 5.6% CAGR over the assessment period.
Increasing the export of sweet proteins is a key factor boosting China’s sweet protein market. Subsequently, widening applications of sweet proteins across several industries will fuel sales through 2033.
To increase the supply of sweet protein formulations, China-based manufacturers are investigating new uses for them, such as drinks, baked goods, confections, and dairy substitutes. Further, the rising sweet protein trends in neighboring countries are also expected to support the expansion of the sweet protein industry in China.
India is emerging as a highly lucrative market for sweet protein manufacturers across South Asia. It is poised to witness a steady CAGR of 6.7% between 2023 and 2033. This is attributable to rising awareness about the benefits of sweet proteins and the growing prevalence of diabetes and obesity.
Sweet proteins are becoming more commonly available in mainstream retail establishments across India. In addition, the proliferation of online shopping channels as a popular way to buy sweet protein items is anticipated to play a significant role in the rapid expansion of the regional market.
The United States sweet protein market is set to witness a steady growth trajectory during the assessment period. It held around 17% of the share in the global sweet protein industry in 2022.
Several factors are expected to boost sweet protein market growth in the United States through 2033. These include:
Top United States-based sweet protein companies are using advanced extraction and purification technologies to make their products more cost-effective and commercially viable. This will foster the growth of the United States sweet protein industry over the forecast period.
Japan’s sweet protein market is anticipated to expand rapidly during the forecast period, driven by a combination of factors, including:
Principal Consultant
The below section highlights the estimated market shares of key segments, including product type and end-use application:
| Attributes | Details |
|---|---|
| Top Product Type | Thaumatin |
| Market Share in 2023 | 43% |
Among the different sweet proteins, thaumatin is the most preferred one. It is expected to remain a dominant force in the sweet protein market due to its unique combination of advantages. In 2023, thaumatin is poised to account for around 43% of the total sales globally.
Thaumatin is becoming among the most commonly used naturally occurring proteins across several industries. It is mainly derived from katemfe fruit and is several times sweeter than sucrose.
Thaumatin’s high sweetness intensity translates to the minimal amounts needed to achieve the desired sweetness level. This is making it a cost-effective option for end-users, thereby fueling sales globally.
The easy availability and low cost of thaumatin is also making it popular. Similarly, thaumatin’s long-lasting effect, low-calorie content, heat stability, and other benefits will help this sweet protein to maintain its dominant position in the target market.
Even though seven sweet and taste-modifying proteins have been identified, only brazeein, thaumatin, and monelin have been successfully commercialized at scale. These are the most commonly used protein-fortified sweeteners in a variety of food & beverage applications. This is because they keep their sweetness intact in different pH conditions.
| Attributes | Details |
|---|---|
| Top End-use Application Type | Confectionary |
| Market Share in 2023 | 24% |
The use of sweet proteins in the preparation of confectionary items is expected to contribute to around 24% of the overall market demand in 2023. This will make it the most remunerative application for sweet proteins.
Sweet proteins are stable at high temperatures, which makes them a desirable choice for use in confectionery and baked products that need to undergo heat processing. These proteins offer exciting possibilities for creating healthier and more sustainable sweets.
The rising adoption of sweet proteins or non-nutritive sweeteners as alternative sweeteners in the confectionary sector is expected to boost the target segment. Similarly, growing demand for healthy and low-calorie confectionery items will likely fuel sales of sweet proteins through 2033.
The overall market for sweet proteins is relatively consolidated, as a handful of companies currently operate in this sector. Since sweet proteins come from natural sources and do not require much chemical processing, they fit well with the clean label movement, encouraging more start-ups to enter the market.
Key sweet protein manufacturers are focusing on using advanced production technologies to reduce the overall costs of their products. They are also continuously upgrading their portfolios by launching new sweet protein products.
Recent Developments in the Global Sweet Protein Industry
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| Attribute | Details |
|---|---|
| Estimated Sweet Protein Market Value (2023) | US$ 12.1 million |
| Projected Value (2033) | US$ 19.7 million |
| Expected Growth Rate (2023 to 2033) | 8.1% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa; East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | Product Type, End-use Application, and Region |
| Key Companies Profiled | Sweegen; Joywell Foods; Oobli; Sunesta Life Science; Lifeasible; Cweet; Amai Proteins; Talin; Tate & Lyle; Mirabrust |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global sweet protein market size is forecast to reach US$ 12.1 million in 2023.
Global sweet protein demand will likely expand at an 8.1% CAGR through 2033.
The sweet protein market value is predicted to total US$ 19.7 million in 2033.
Sweegen, Joywell Foods, and Oobli are the leading suppliers.
The United States accounts for around 17% of the global market.
Sales of sweet proteins in India are set to rise at a 6.7% CAGR through 2033.
Brazzein is considered one of the sweetest proteins.
Sweet proteins offer a unique taste experience without added calories or negative health impacts.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market Trends By Region
3.5. Product Launches
3.6. Product Claims & Nutritional Information Scan by Buyers
3.7. Macro-Economic Factors
3.8. Forecast Factors - Relevance & Impact
4. Global Market - Pricing Analysis
4.1. Price Point Assessment by Region
4.1.1. Manufacturer Level Pricing
4.1.2. Distributor Level Pricing
4.2. Price Point Assessment by Product Type
4.3. Price Forecast till 2033
5. Global Market Demand (in Value (US$ Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Value (US$ Million) and Volume (MT) Analysis, 2018 to 2022
5.2. Current and Future Market Value (US$ Million) and Volume (MT) Projections, 2023 to 2033
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Million) and Volume (MT) Analysis By Product Type, 2018 to 2022
6.3. Current and Future Market Size (US$ Million) and Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033
6.3.1. Brazzein
6.3.2. Thaumatin
6.3.3. Monellin
6.3.4. Mabinlin
6.3.5. Curculin
6.3.6. Others
6.4. Market Attractiveness Analysis By Product Type
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Application
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Million) and Volume (MT) Analysis By End-use Application, 2018 to 2022
7.3. Current and Future Market Size (US$ Million) and Volume (MT) Analysis and Forecast By End-use Application, 2023 to 2033
7.3.1. Bakery Goods
7.3.2. Sweet Spreads
7.3.3. Confectionery
7.3.4. Sauces, Jams, and Dressing
7.3.5. Syrups
7.3.6. Chocolate
7.3.7. Ice Cream
7.3.8. Yogurt
7.3.9. Dairy Products
7.3.10. Carbonated Drinks
7.3.11. Sports and Energy Drinks
7.4. Market Attractiveness Analysis By End-use Application
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
8.1. Introduction
8.2. Historical Market Size (US$ Million) and Volume (MT) Analysis By Region, 2018 to 2022
8.3. Current Market Size (US$ Million) and Volume (MT) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. Middle East & Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
9.1. Introduction
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
9.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
9.4.1. By Country
9.4.1.1. United States
9.4.1.2. Canada
9.4.2. By Product Type
9.4.3. By End-use Application
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Product Type
9.5.3. By End-use Application
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
10.1. Introduction
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
10.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
10.4.1. By Country
10.4.1.1. Brazil
10.4.1.2. Mexico
10.4.1.3. Argentina
10.4.1.4. Rest of Latin America
10.4.2. By Product Type
10.4.3. By End-use Application
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Product Type
10.5.3. By End-use Application
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
11.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
11.4.1. By Country
11.4.1.1. Germany
11.4.1.2. United Kingdom
11.4.1.3. France
11.4.1.4. Italy
11.4.1.5. Spain
11.4.1.6. BENELUX
11.4.1.7. Nordic
11.4.1.8. Russia
11.4.1.9. Poland
11.4.1.10. Rest of Europe
11.4.2. By Product Type
11.4.3. By End-use Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Product Type
11.5.3. By End-use Application
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. China
12.4.1.2. Japan
12.4.1.3. South Korea
12.4.2. By Product Type
12.4.3. By End-use Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End-use Application
13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. India
13.4.1.2. Thailand
13.4.1.3. Malaysia
13.4.1.4. Indonesia
13.4.1.5. Vietnam
13.4.1.6. Philippines
13.4.1.7. Singapore
13.4.1.8. Rest of South Asia
13.4.2. By Product Type
13.4.3. By End-use Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End-use Application
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. Australia
14.4.1.2. New Zealand
14.4.2. By Product Type
14.4.3. By End-use Application
14.5. Market Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By End-use Application
15. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. Türkiye
15.4.1.3. Egypt
15.4.1.4. South Africa
15.4.1.5. Rest of Middle East & Africa
15.4.2. By Product Type
15.4.3. By End-use Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End-use Application
16. Country-level Market Analysis
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. United States Market Analysis
16.2.1. By Product Type
16.2.2. By End-use Application
16.3. Canada Market Analysis
16.3.1. By Product Type
16.3.2. By End-use Application
16.4. Brazil Market Analysis
16.4.1. By Product Type
16.4.2. By End-use Application
16.5. Mexico Market Analysis
16.5.1. By Product Type
16.5.2. By End-use Application
16.6. Argentina Market Analysis
16.6.1. By Product Type
16.6.2. By End-use Application
16.7. Germany Market Analysis
16.7.1. By Product Type
16.7.2. By End-use Application
16.8. United Kingdom Market Analysis
16.8.1. By Product Type
16.8.2. By End-use Application
16.9. France Market Analysis
16.9.1. By Product Type
16.9.2. By End-use Application
16.10. Italy Market Analysis
16.10.1. By Product Type
16.10.2. By End-use Application
16.11. Spain Market Analysis
16.11.1. By Product Type
16.11.2. By End-use Application
16.12. BENELUX Europe Market Analysis
16.12.1. By Product Type
16.12.2. By End-use Application
16.13. Nordic Market Analysis
16.13.1. By Product Type
16.13.2. By End-use Application
16.14. Russia Region Market Analysis
16.14.1. By Product Type
16.14.2. By End-use Application
16.15. Poland Market Analysis
16.15.1. By Product Type
16.15.2. By End-use Application
16.16. China Market Analysis
16.16.1. By Product Type
16.16.2. By End-use Application
16.17. Japan Market Analysis
16.17.1. By Product Type
16.17.2. By End-use Application
16.18. India Market Analysis
16.18.1. By Product Type
16.18.2. By End-use Application
16.19. Thailand Market Analysis
16.19.1. By Product Type
16.19.2. By End-use Application
16.20. Malaysia Market Analysis
16.20.1. By Product Type
16.20.2. By End-use Application
16.21. Indonesia Market Analysis
16.21.1. By Product Type
16.21.2. By End-use Application
16.22. Vietnam Market Analysis
16.22.1. By Product Type
16.22.2. By End-use Application
16.23. Philippines Market Analysis
16.23.1. By Product Type
16.23.2. By End-use Application
16.24. Singapore Market Analysis
16.24.1. By Product Type
16.24.2. By End-use Application
16.25. Australia Market Analysis
16.25.1. By Product Type
16.25.2. By End-use Application
16.26. New Zealand Market Analysis
16.26.1. By Product Type
16.26.2. By End-use Application
16.27. Türkiye Market Analysis
16.27.1. By Product Type
16.27.2. By End-use Application
16.28. GCC Countries Market Analysis
16.28.1. By Product Type
16.28.2. By End-use Application
16.29. Egypt Market Analysis
16.29.1. By Product Type
16.29.2. By End-use Application
16.30. South Africa Market Analysis
16.30.1. By Product Type
16.30.2. By End-use Application
17. Market Structure Analysis
17.1. Global Market Competition - a Dashboard View
17.2. Global Market Structure Analysis
17.3. Global Market Company Share Analysis
17.3.1. For Tier 1 Market Players, 2023
17.3.2. Company Market Share Analysis of Top Players
17.4. Key Participants Market Presence (Intensity Mapping) by Region
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Sweegen
18.3.1.1. Product Portfolio
18.3.1.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Joywell Foods
18.3.2.1. Product Portfolio
18.3.2.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. Oobli
18.3.3.1. Product Portfolio
18.3.3.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Sunesta Life Science
18.3.4.1. Product Portfolio
18.3.4.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. Lifeasible
18.3.5.1. Product Portfolio
18.3.5.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. Cweet
18.3.6.1. Product Portfolio
18.3.6.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. Amai Protein
18.3.7.1. Product Portfolio
18.3.7.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. Talin
18.3.8.1. Product Portfolio
18.3.8.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. Tate & lyle
18.3.9.1. Product Portfolio
18.3.9.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
18.3.10. Miraburst
18.3.10.1. Product Portfolio
18.3.10.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.10.3. Sales Footprint
18.3.10.4. Strategy Overview
18.3.11. Other Players (On Additional Requests)
18.3.11.1. Product Portfolio
18.3.11.2. Revenue by Market Segments (Product Type/End-use Application/Region)
18.3.11.3. Sales Footprint
18.3.11.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Sweet Protein Market
