Artificial Sweeteners Market by Product Type, By Application, By Form and By Region – Global Opportunities & Forecast, 2020-2027
Artificial Sweeteners Market by Product Type (Aspartame, Acesulfame-K, Saccharin, Sucralose, and Neotame), By Application (Bakery Goods, Confectionery & Chewing Gums, Sweet Spreads, Beverages, Dairy Products, and Others), By Form (Liquid, Powder, and Solid) and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: Aug-2020 | Report Format: Excel/PPT | Report Code: UP665A-00-0620
Artificial Sweeteners Market size is forecast to reach USD 9974 million by 2027, estimated to grow at a CAGR of 3.9% during 2020-2027. The growing health awareness among consumers has augmented the demand for sugar-free and low-calorie products, driving the market growth.
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Key Drivers
The global artificial sweeteners market is becoming more mainstream thanks to the expanding consumer awareness regarding the benefits offered by the artificial sweetener, followed by the strong demand for low-calorie sugar-free products at the global level. Simultaneously, the accelerating number of diseases, including diabetes, obesity, heart diseases, and other health problems, will directly surge the demand for artificial sweeteners. Additionally, the market is illustrating unprecedented growth driven by fundamental shift in the consumption pattern towards healthier food options with less sugar content. The growing adoption of artificial sweeteners in manufacturing processed food products like jellies, candies, baked goods, canned foods, sauces, and yogurt, is forecast to expand the market growth.
The accelerating adoption of artificial sweeteners in numerous end-user industries is further energizing the market growth in the coming years. With the coming of COVID-19 pandemic, the sales of artificial sweeteners witness a upsurge as the consumers are widely adopting healthier diet patterns and focusing on improving their immunity system to fight with the disease. On the other edge, the emerging safety concerns regarding artificial sweeteners and allergic reactions among consumers are the significant factors that will have a negative impact on the market in the coming years.
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Product Type – Segment Analysis:
Based on the product type, the Aspartame type segment is expected to witness a higher CAGR over the forecast period. The aspartame artificial sweetener is considered as a high-intensity sweetener and widely used in various food & beverage products, such as bakery products, fruit-based drinks, and other products. Furthermore, the demand for the segment is accelerating attributed to the strong demand for high-intensity sweeteners in soft drink and confectionery applications. The remarkable advantages offered by the sweetener, including cost-effective and much sweeter as compared to the sugar cubes, are some factors responsible for driving the demand of the segment. The leading producers in artificial sweeteners market are intending to target pharmaceutical manufacturers to cater to the increasing demand for aspartame as a flavoring and sweetening agent in medicines, which is forecast to bolster the segment’s growth.
Form – Segment Analysis
On the basis of form, the global artificial sweeteners market is segmented into solid, liquid, and powder. Among these, the liquid form is anticipated to grow at a higher CAGR over the forecast period. The liquid form of sweetener is widely used in various products owing to its property of getting easily mixed with the ingredients.
Application – Segment Analysis
Based on the application, the beverages segment is expected to witness a higher CAGR over the forecast period. As consumers are becoming more health-conscious, they are actively looking for beverages options with low sugar content. Artificial sweeteners, such as aspartame, acesulfame-K, and sucralose, are the major substitutes of sugar which are mostly used in soft drinks. All these factors are propelling the demand of the segment in the market. The ability of artificial sweeteners to reduce the amount of sugar without changing the taste and appearance of beverages is encouraging the beverage manufacturers to opt for these sweeteners to capture the changing demand of the target customers. The growing prominence of low calorie ready to drink beverages owing to the rising working population will bolster the market growth. In July 2021, PepsiCo declared to decrease sugar content by 25% in sodas and iced tea beverage portfolios across the EU by 2025. The introduction of products with less sugar content will help the company to catch the attention of health-conscious consumers in the region.
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Regional – Segment Analysis:
Asia-pacific Region is projected to illustrate a higher CAGR during the forecast period. This is attributed to the increasing consumer awareness regarding the adverse side-effects of consuming sugar-based products and the strong demand for healthier food options among the young population in this region. Furthermore, the increasing disposable income along with the changing lifestyle of consumers, will further drive the artificial sweeteners market in countries such as India and China. The rapid urbanization is giving a boost to the food and beverage industry, thereby indirectly surging the market growth in this region.
North America is expected to witness a strong growth over the forecast period, owing to the rising incidences of diabetes. For example, as per the U.S. CDC’s National Diabetes Statistics Report for 2020, the overall number of diabetes cases have exceeded 34 million. The growing health awareness among consumers is fueling the consumption of zero-calorie and low-calorie foods, fueling the regional growth.
Various notable players operating in the market include Nestle S.A., Tate & Lyle PLC, Wilmar International Limited, Ingredion Incorporated, E.I Dupont De Numours and Company, Cargill Inc., Associated British Foods Plc., Archer Daniels Midland Company, Ajinomoto Corporation Inc., Roquette Frères, and Raizen S.A., among others.
Key Developments:
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- In 2021, Tate & Lyle decided to extend their partnership with Codexis to improve the production of Tate & Lyle’s newest sweetener: Tasteva M Stevia Sweetener.
- In 2021, AnalytiCon Discovery merged with Roquette to invest in R&D to develop Brazzein, a protein sweetener organically produced in berries available by the name of Pentadiplandra found in Africa, was successful.
The global Artificial Sweeteners market has been segmented on the basis of product type, form, application, and regions. Based on product type, the market is segmented into aspartame, Acesulfame-K, saccharin, sucralose, and neotame. Based on application, the market is segmented into bakery goods, confectionery & chewing gums, sweet spreads, beverages, dairy products, and others. Based on form, the market is segmented into liquid, powder and solid.
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Key questions answered in this research report:
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- At what pace is global artificial sweeteners market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in global artificial sweeteners market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global artificial sweeteners market?
- What are the various application areas of global artificial sweeteners market and how they are poised to grow?
- Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues (2027) |
USD 9974 million |
Base Year & Forecast Units |
Value (USD Million) |
Market Segment | By Product Type, By Application, By Form, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | G Nestle S.A., Tate & Lyle PLC, Wilmar International Limited, Ingredion Incorporated, E.I Dupont De Numours and Company, Cargill Inc., Associated British Foods Plc., Archer Daniels Midland Company, Ajinomoto Corporation Inc., Roquette Frères, Raizen S.A., A total of 11 Companies Covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation:
Global Artificial Sweeteners Market by Product Type
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- Acesulfame-K
- Aspartame
- Saccharin
- Sucralose
- Neotame
Global Artificial Sweeteners Market by Application
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- Bakery Goods
- Confectionery & Chewing Gums
- Sweet Spreads
- Beverages
- Dairy Products
- Others
Global Artificial Sweeteners Market by Form
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- Liquid
- Powder
- Solid
Global Artificial Sweeteners Market by Region
-
- North America Artificial Sweeteners Market (Option 1: As a part of the free 25% customization)
- By Product Type
- By Application
- By Form
- United States of America (US) Market All-Up
- Canada Market All-Up
- Europe Artificial Sweeteners Market (Option 2: As a part of the free 25% customization)
- By Product Type
- By Application
- By Form
- United Kingdom (UK) Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Artificial Sweeteners Market (Option 3: As a part of the free 25% customization)
- By Product Type
- By Application
- By Form
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Artificial Sweeteners Market (Option 4: As a part of the free 25% customization)
- By Product Type
- By Application
- By Form
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Artificial Sweeteners Market (Option 1: As a part of the free 25% customization)
Major Players Operating the Artificial Sweeteners (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Nestle S.A.
- Tate & Lyle PLC
- Wilmar International Limited
- Ingredion Incorporated
- E.I Dupont De Numours and Company
- Cargill Inc.
- Associated British Foods Plc.
- Archer Daniels Midland Company
- Ajinomoto Corporation Inc.
- Roquette Frères
- Raizen S.A.
Frequently Asked Question About This Report
Artificial Sweeteners Market [UP665A-00-0620]
The expanding consumer awareness regarding the benefits offered by the artificial sweetener, followed by the strong demand for low-calorie sugar-free products are the major factors driving the artificial sweeteners market.
The top players in this market are Nestle S.A., Tate & Lyle PLC, Wilmar International Limited, Ingredion Incorporated, E.I Dupont De Numours and Company, Cargill Inc., Associated British Foods Plc., Archer Daniels Midland Company, Ajinomoto Corporation Inc., Roquette Frères, and Raizen S.A., among others.
The growth rate of Artificial Sweeteners Market during forecast period is 3.9%
The liquid form is anticipated to grow at a higher CAGR over the forecast period. The liquid form of sweetener is widely used in various products owing to its property of getting easily mixed with the ingredients.
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Artificial Sweeteners Market by Product Type, By Application, By Form and By Region – Global Opportunities & Forecast, 2020-2027
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