The Natural Sweeteners Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Natural Sweeteners Global Market Report 2024, The natural sweeteners market size has grown strongly in recent years. It will grow from $5.71 billion in 2023 to $6.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased health consciousness, rise in demand for low-calorie alternatives, consumer preference for natural ingredients, regulatory support for natural sweeteners, implementation of sugar taxes.
The natural sweeteners market size is expected to see strong growth in the next few years. It will grow to $7.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for low-calorie and sugar-free food and beverages, rising diabetic population, growing market for functional foods and beverages, clean label regulations, urbanization in developing countries. Major trends in the forecast period include monk fruit's emerging popularity, plant-based and vegan diet , sustainable sourcing, blending natural sweeteners, functional sweeteners with prebiotic or probiotic properties.
The increasing prevalence of diabetes and obesity is expected to propel the growth of the natural sweeteners market in the coming years. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Many individuals are switching from refined table sugar and high-fructose corn syrup to natural sweeteners because they are a healthier alternative to refined sugars and can help people lose weight. For instance, in 2022, Centers for Disease Control and Prevention, a US-based national public health agency, around 37.3 million people are suffering from diabetes which equals 11.3% of the United States population. Additionally, according to the International Diabetes Federation’s December 2021 report, a Belgium-based leading global diabetes community approximately 537 million adults are suffering from diabetes globally, whereas 3 out of 4 adults are in low- and middle-income countries. Therefore, the increasing prevalence of diabetes and obesity drives the growth of the natural sweeteners market.
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The natural sweeteners market covered in this report is segmented –
1) By Type: Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, Other Types
2) By Application: Bakery Goods, Sweet Spreads, Confectionery And Chewing Gums, Beverages, Dairy Products, Other Applications
3) By End-User: Food And Beverages, Pharmaceutical, Direct Sales, Other End-Users
Top Major Players
Associated British Foods.
Archer-Daniels-Midland Company
Cargill Inc.
E.I. du Pont de Nemours & Company
FoodChem International Corporation
The growing product innovations are shaping the natural sweeteners market. Major companies operating in the natural sweeteners sector are focused on developing product innovations to strengthen their position. For instance, in April 2021 Manus Bio Inc., a Georgia-based biotechnology company announced the launch of NutraSweet Natural. NutraSweet Natural is a plant-based sweetener with zero calories. The item was created by extracting the most sugary and pristine elements from the Stevia leaf. Manus Bio, a U.S. company specializing in sustainable natural ingredients, utilizes microorganisms to replicate plant processes and generate natural ingredients via fermentation.
The natural sweeteners market report table of contents includes:
1. Executive Summary
2. Natural Sweeteners Market Characteristics
3. Natural Sweeteners Market Trends And Strategies
4. Natural Sweeteners Market - Macro Economic Scenario
5. Global Natural Sweeteners Market Size and Growth
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31. Global Natural Sweeteners Market Competitive Benchmarking
32. Global Natural Sweeteners Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Natural Sweeteners Market
34. Natural Sweeteners Market Future Outlook and Potential Analysis
35. Appendix
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