PUBLISHER: The Business Research Company | PRODUCT CODE: 1387768
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387768
“Synthetic Sweeteners Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on synthetic sweeteners market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for synthetic sweeteners? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The synthetic sweeteners market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Synthetic sweeteners are chemically processed substances that serve as sugar substitutes in various applications, including weight loss assistance, dental care, and diets for individuals with conditions such as diabetes mellitus and reactive glycemia.
The main product types of synthetic sweeteners include aspartame, acesulfame K, saccharin, sucralose, neotame, and other varieties. Aspartame, for example, is a white, crystalline, and odorless noncarbohydrate powder that is slightly water-soluble. It is derived from amino acids and is approximately 150-200 times sweeter than sugar. Aspartame is used as a low-calorie sugar substitute in soft drinks, table sweeteners, and various food products. These synthetic sweeteners find applications in a wide range of food categories, including bakery, dairy, confectionery, beverages, soups, sauces, dressings, and other culinary uses. They are distributed through channels such as supermarkets and hypermarkets, departmental stores, convenience stores, and various other distribution outlets.
The synthetic sweeteners market research report is one of a series of new reports from The Business Research Company that provides synthetic sweetener market statistics, including synthetic sweetener industry global market size, regional shares, competitors with a synthetic sweetener market share, detailed synthetic sweetener market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic sweetener industry. This synthetic sweeteners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 increasing health concerns, the demand for diabetic and low-calorie products, the expansion of the food and beverage industry, and the prevalence of the 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 ongoing health concerns, the need for diabetes and obesity prevention, the demand for clean label and natural sweeteners, and continued innovation in the food and beverage industry. Major trends in the forecast period include the use of stevia and plant-based sweeteners, advancements in sugar reduction technologies, the development of customized sweetener blends, and the creation of reduced-calorie functional foods.
The growth of the synthetic sweetener market has been significantly influenced by the increasing health awareness among global consumers. The rising prevalence of heart diseases, diabetes, and obesity has prompted individuals to adopt healthier lifestyles. The World Health Organization (WHO) reports that 17.9 million people worldwide succumb to cardiovascular diseases annually. Furthermore, urbanization and hectic lifestyles have led to increased obesity rates. A study by the Harvard T.H. Chan School of Public Health reveals that approximately 40% of adults in the USA are obese, with an additional 18% suffering from severe obesity. To combat factors contributing to heart diseases, the American Heart Association (AHA) and the American Diabetes Association (ADA) have approved the use of artificial sweeteners in place of sugar. This increased health consciousness among global consumers has driven the demand for synthetic sweeteners, thereby fostering market growth.
The synthetic sweeteners market is expected to experience growth driven by the escalating demand for food and beverages. Food and beverages are essential consumables that people rely on for nourishment, pleasure, and refreshment. Synthetic sweeteners, also known as artificial sweeteners or sugar substitutes, are employed in food and beverages as alternatives to sugar. They provide sweetness without the associated calorie and health concerns linked to sugar consumption. For instance, data from the Food & Drink Federation in 2023 reveals that Scotland is home to 1,185 companies engaged in food and beverage manufacturing. Furthermore, food and beverage exports experienced a 31% increase in 2022, reaching $10.18 billion (£8.1 billion). Thus, the surging demand for food and beverages acts as a driving force behind the synthetic sweeteners market.
The prolonged use of synthetic sweeteners can lead to diabetes and poses limitations to the growth of the synthetic sweetener market. It elevates the risk of obesity and heart diseases. Extended consumption of artificial sweeteners can alter taste preferences over time, resulting in persistent cravings for overly sweet foods. This can lead to nutrient deficiencies and weight gain, potentially causing long-term health issues such as headaches, dizziness, rashes, bloating, nausea, diarrhea, and digestive problems. For example, research by Brian Hoffmann, an assistant professor at the Medical College of Wisconsin and Marquette University, suggests that long-term use of synthetic sweeteners could result in metabolic disorders like diabetes and obesity. Moreover, a study published in the Canadian Medical Association Journal indicates that non-nutrient sweeteners like aspartame, sucralose, and stevia may increase the risk of obesity and related complications with prolonged use. The adverse effects of extended synthetic sweetener use pose challenges to the market's growth.
In the food industry, there is a growing trend towards the use of sucralose-based sweeteners. Sucralose, a low-calorie ingredient, is significantly sweeter than sugar and does not contribute to dental cavities. Increasing concerns about cardiovascular disorders due to the consumption of sugar-based foods are driving the adoption of artificial sweeteners like sucralose. Moreover, decreasing sugar production and rising sugar prices on a global scale are further encouraging the use of sucralose-based sweeteners. These sweeteners are commonly used as sugar substitutes in carbonated beverages, fruit juices, dairy products, sugar-free chewing gums, confectionery, and bakery items. For example, PepsiCo in the United States has adopted sucralose-based sweeteners to replace aspartame in their diet Pepsi product.
Major companies in the synthetic sweeteners market are actively engaged in developing innovative products, such as the next generation of sugar alternatives. These next-generation sugar alternatives represent a new wave of sweeteners designed to offer a healthier and more natural substitute for traditional sugar. In July 2022, Whole Earth Brands, a U.S.-based company specializing in sugar sweeteners, introduced a range of next-generation sugar alternative products under the Swerve brand. Swerve is a natural sugar replacement free from artificial ingredients, preservatives, or flavors.
In June 2023, Batory Foods, a U.S.-based food products manufacturer, acquired Tri-State Companies for an undisclosed sum. This strategic acquisition strengthens Batory's service offerings across the Northeast, Midwest, and Southeast regions, enhancing its national supply chain network and expanding its coverage in these areas. Tri-State Companies is a U.S.-based manufacturer of synthetic sweeteners.
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
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.
The countries covered in the synthetic sweeteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The synthetic sweeteners market consists of the sales of xylitol, advantame, and acesulfame potassium (Ace-K). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.