Sweetener Market

Sweetener Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The sweetener market was estimated to be US$ 82.04 Billion in 2022.

The sweetener market is expected grow at a CAGR of 2.9% between 2023 to 2032.

The global sweeteners market is being driven by a number of factors, including increasing demand for low-calorie and sugar-free products, expansion of the food and beverage industry, and growing use of sweeteners in pharmaceuticals and personal care products.

The fastest-growing segment of the sweeteners market is the high-intensity sweeteners segment. High-intensity sweeteners are synthetic sweeteners that are much sweeter than sugar but contain very few or no calories.

Solid sweeteners segment is the largest owing to the fact that they have been more commonly used in the food industry, particularly in home cooking and baking.

Europe will lead the global sweetener market. The European sweetener market is witnessing a growing demand for organic and non-GMO sweeteners, as consumers are becoming more health-conscious and are seeking out natural and sustainable alternatives to traditional sweeteners.

The key growth strategies adopted by these companies is product innovation. Many companies are investing heavily in research and development to create new and innovative sweeteners that are healthier, more natural, and better-tasting than existing products.

ADM, Ajinomoto Co., Inc., Beeyond the Hive, Cargill, Incorporated, DFI Corporation, Dabur India Ltd., Foodchem International Corporation, Ingredion, International Flavors & Fragrances Inc., Kerry Group plc, Nascent Health Sciences, LLC, PureCircle, Pyure Brands LLC, Roquette Frères, Tate & Lyle among others, are the prominent players in the sweetener market