The synthetic sweeteners global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Synthetic Sweeteners Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The synthetic sweeteners market size has grown strongly in recent years. It will grow from $55.36 billion in 2023 to $60.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rising health concerns, diabetic and low-calorie products, food and beverage industry, obesity epidemic.
The synthetic sweeteners market size is expected to see strong growth in the next few years. It will grow to $83.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to continued health concerns, diabetes and obesity prevention, clean label and natural sweeteners, food and beverage industry innovation. Major trends in the forecast period include stevia and plant-based sweeteners, advanced sugar reduction technologies, customized sweetener blends, reduced-calorie functional foods.
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Scope Of Synthetic Sweeteners Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Synthetic Sweeteners Market Overview
Market Drivers –
Rising health awareness among global consumers has contributed to the growth of the synthetic sweetener market. The increased incidence of individuals suffering from heart diseases, diabetes, and obesity will eventually force people to lead healthier lifestyles. According to the World Health Organization (WHO), 17.9 million people in the world die every year due to cardiovascular diseases. Also, the level of obesity is rising among individuals due to urbanization and busy lifestyles. According to a study by the Harvard T.H. Chan School of Public Health, around 40% of adults in the USA have obesity and another 18% have severe obesity. The American Heart Association (AHA) and the American Diabetes Association (ADA) have given acceptance to the use of artificial sweeteners instead of sugar to fight obesity, metabolic syndrome, and diabetes, factors causing heart diseases. The rising health awareness among global consumers increased the demand for synthetic sweeteners, thus driving the market for synthetic sweeteners during the period.
Market Trends –
Sucralose-based sweeteners are increasingly being used as applications in the food industry. Sucralose is sweeter than sugar and is a low-calorie ingredient that does not cause dental cavities. Growing concerns about cardiovascular disorders due to increased consumption of sugar-based foods are encouraging the use of artificial sweeteners such as sucralose. Additionally, declining production and rising sugar prices worldwide are also encouraging the use of sucralose-based sweeteners. These sweeteners are the major substitutes for sugar in carbonated beverages, juices, dairy products, sugar-free chewing gums, confectionery, and bakery goods. For instance, in the U.S., PepsiCo is using sucralose-based sweeteners by replacing aspartame in diet Pepsi.
The synthetic sweeteners market covered in this report is segmented –
1) By Product Type: Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame, Other Product Types
2) By Application: Bakery, Dairy, Confectionery, Beverages, Soups, Sauces and Dressings, Other Applications
3) By Distribution Channel: Supermarkets & Hypermarkets, Departmental Stores, Convenience Stores, Other Distribution Channels
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Regional Insights –
Asia-Pacific was the largest region in the synthetic sweeteners market in 2023. North America was the second-largest region in the global synthetic sweeteners market share. The regions covered in the synthetic sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the synthetic sweeteners market include Cargill Inc., Archer-Daniels-Midland Company, Ingredion Inc., Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., DuPont de Nemours Inc., Celanese Corporation, McNeil Nutritionals LLC, NutraSweet Property Holdings Inc., Hermes Sweeteners Ltd., MORITA Kagaku Kogyo Co. Ltd., PureCircle, Zydus Wellness Ltd., Whole Earth Brands Inc., ACH Food Companies Inc., Madhava Foods Ltd., Beijing Vitasweet Co. Ltd, Tate & Lyle PLC, Wilmar International Limited, Nutrinova, NutraEx Food Inc., Wisdom Natural Brands LLC, Anhui Jinhe Industrial Co. Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Daesang Corporation, Foodchem International Corporation, GLG Life Tech Corporation, Holland Sweetener Company, HYET Sweet SAS, PureCircle Limited
Table of Contents
1. Executive Summary
2. Synthetic Sweeteners Market Report Structure
3. Synthetic Sweeteners Market Trends And Strategies
4. Synthetic Sweeteners Market – Macro Economic Scenario
5. Synthetic Sweeteners Market Size And Growth
…..
27. Synthetic Sweeteners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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