The Synthetic 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 (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Synthetic Sweeteners Global Market Report 2024, 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.
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.
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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
The synthetic sweeteners market report table of contents includes:
1. Executive Summary
2. Synthetic Sweeteners Market Characteristics
3. Synthetic Sweeteners Market Trends And Strategies
4. Synthetic Sweeteners Market – Macro Economic Scenario
5. Global Synthetic Sweeteners Market Size and Growth
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26. South America Synthetic Sweeteners Market
27. Brazil Synthetic Sweeteners Market
28. Middle East Synthetic Sweeteners Market
29. Africa Synthetic Sweeteners Market
30. Synthetic Sweeteners Market Competitive Landscape And Company Profiles
Top Major Players:
- Bombay Dyeing & Manufacturing Company Limited
- DuPont de Nemours Inc
- Indorama Corporation
- Lenzing AG
- Mitsubishi Chemical Group Corporation
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