Overview and Scope
High-intensity sweeteners refer to a class of sugar substitutes that are significantly sweeter than regular sugar, requiring only small amounts to achieve the desired sweetness. These sweeteners are often used in food and beverages to reduce calorie content while maintaining sweetness, and they are popular among individuals looking to manage their sugar intake and overall caloric consumption.
Sizing and Forecast
The high-intensity sweeteners market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased consumer awareness about the health risks, improved production techniques enhancing the quality, shift in consumer preferences, increased research and development, growth of low-calorie and sugar-free product lines.
The high-intensity sweeteners market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to the growing trend of low-calorie and sugar-free diets among health-conscious consumers, favorable regulations and approvals from health authorities, the need for sugar alternatives among individuals with these conditions, demand for natural sweeteners, reduction in caloric intake. Major trends in the forecast period include advancements in production techniques, emergence of novel ingredients, technological integration for taste enhancement, customization and personalization, enhanced stability and shelf life.
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Segmentation & Regional Insights
The high-intensity sweeteners market covered in this report is segmented –
1) By Type: Saccharin, Aspartame, Acesulfame Potassium, Sucralose, Neotame, Advantame, Steviol Glycosides, Luo Han Guo Fruit Extracts
2) By Form: Dry, Liquid
3) By End-Use Application: Beverages, Bakery And Confectionery, Dairy Products, Dietary Products, Pharmaceuticals, Table Top Sweeteners, Other End-Use Applications,
4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online, Other Distribution Channels
North America was the largest region in the high-intensity sweeteners market in 2023. The regions covered in the high-intensity sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of cases of diabetes and obesity is expected to propel the growth of the high-intensity sweeteners market going forward. Diabetes is a metabolic disorder characterized by high blood sugar levels, while obesity refers to excessive body fat accumulation, both posing significant health risks. Diabetes and obesity are interconnected health conditions characterized by metabolic dysfunction and excessive weight gain. Diabetes and obesity often utilize high-intensity sweeteners as substitutes for sugar to manage blood sugar levels and reduce calorie intake. For instance, in July 2021, according to a report published by the International Diabetes Federation (IDF), a Belgium-based national diabetes association, about 537 million people worldwide have diabetes. The number of cases has been increasing over the past few decades, and the IDF predicts 783 million people will have diabetes by 2045, an increase of 46%. Additionally, in March 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, global obesity affects over 1 billion people, including 650 million adults, 340 million adolescents, and 39 million children, with projections indicating a rise to 167 million individuals suffering from overweight or obesity-related health issues by 2025. Therefore, the rising number of cases of diabetes and obesity is driving the growth of the high-intensity sweeteners market.
Key Industry Players
Major companies operating in the high-intensity sweeteners market are Cargill Incorporated, Archer Daniels Midland Company (ADM), DuPont de Nemours Inc., Ajinomoto Co. Inc., Celanese Corporation, Ingredion Incorporated, Roquette Frères SA, Daesang Corporation, Tate & Lyle PLC, PureCircle Limited, Zhejiang Huakang Pharmaceutical Co. Ltd., NutraSweet Company, Evolva Holding SA, Monk Fruit Corp, Hunan Nutramax Inc., JK Sucralose Inc., Morita Kagaku Kogyo Co. Ltd., HuaSweet Inc, Anhui Elite Industrial Co. Ltd., HYET Sweet B.V., Holland Sweetener Company, Nantong Changhai Food Additive Co. Ltd.
The high-intensity sweeteners market report table of contents includes:
1. Executive Summary
2. High-Intensity Sweeteners Market Characteristics
3. High-Intensity Sweeteners Market Trends And Strategies
4. High-Intensity Sweeteners Market – Macro Economic Scenario
5. Global High-Intensity Sweeteners Market Size and Growth
….
32. Global High-Intensity Sweeteners Market Competitive Benchmarking
33. Global High-Intensity Sweeteners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The High-Intensity Sweeteners Market
35. High-Intensity Sweeteners Market Future Outlook and Potential Analysis
36. Appendix
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