High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content. Moreover, high-intensity sweeteners are ideal alternatives to sugar and other caloric sweeteners, such as high-fructose syrup.
The impact of the COVID-19 pandemic on the global high-intensity sweeteners market was negative due to shutdown of manufacturing units combined with supply chain disruptions.
The demand for high-intensity sweeteners is not only due to its desired sweetness and price but also for its taste, nutrition, bulkiness, preservative qualities, heat resistance, and blending abilities. In addition, rise in health concerns and increase in the number of people suffering from diabetes and obesity boost the market growth. Furthermore, rise in demand for low-calorie sweetener and growth in the number of obese population, majorly in the developing economies propel the market growth.
The high-intensity sweeteners market is segmented based on type, application, distribution channel, and region. On the basis of type, it is classified into saccharin, acesulfame potassium (ace-k), sucralose, neotame, advantame, steviol glycosides, and luo han guo fruit extracts (monk fruit). On the basis of application, it is categorized into beverage, bakery & confectionery, dietary products, dairy products, pharmaceuticals, table top sweeteners, and others (deserts & nutritional products). By distribution channel, it is bifurcated into offline and online. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The beverages segment is expected to be the most lucrative segment owing to increase in demand for sugar-free diet drinks (low-calorie and zero-calorie) among health-conscious people, diabetic patients, and athletes. These drinks help to reduce the body weight and improve physical fitness by reducing the intake of sugar. In addition, the non-carcinogenic properties of high-intensity sweeteners have also increased their consumption and aided in reducing the symptoms of endocrinal diseases, such as Type 2 diabetes, cardiovascular events, and metabolic syndrome.
The key players have largely invested in research and development activities to develop advanced products to cater to the demand of end users. The major players in the high-intensity sweeteners market include:
The impact of the COVID-19 pandemic on the global high-intensity sweeteners market was negative due to shutdown of manufacturing units combined with supply chain disruptions.
The demand for high-intensity sweeteners is not only due to its desired sweetness and price but also for its taste, nutrition, bulkiness, preservative qualities, heat resistance, and blending abilities. In addition, rise in health concerns and increase in the number of people suffering from diabetes and obesity boost the market growth. Furthermore, rise in demand for low-calorie sweetener and growth in the number of obese population, majorly in the developing economies propel the market growth.
The high-intensity sweeteners market is segmented based on type, application, distribution channel, and region. On the basis of type, it is classified into saccharin, acesulfame potassium (ace-k), sucralose, neotame, advantame, steviol glycosides, and luo han guo fruit extracts (monk fruit). On the basis of application, it is categorized into beverage, bakery & confectionery, dietary products, dairy products, pharmaceuticals, table top sweeteners, and others (deserts & nutritional products). By distribution channel, it is bifurcated into offline and online. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The beverages segment is expected to be the most lucrative segment owing to increase in demand for sugar-free diet drinks (low-calorie and zero-calorie) among health-conscious people, diabetic patients, and athletes. These drinks help to reduce the body weight and improve physical fitness by reducing the intake of sugar. In addition, the non-carcinogenic properties of high-intensity sweeteners have also increased their consumption and aided in reducing the symptoms of endocrinal diseases, such as Type 2 diabetes, cardiovascular events, and metabolic syndrome.
The key players have largely invested in research and development activities to develop advanced products to cater to the demand of end users. The major players in the high-intensity sweeteners market include:
- Hyet Sweet
- Tate and Lyle, Plc.
- Celanese Corporation
- Cumberland Packing Corporation
- Merisant
- Ajinomoto Co.
- Hermes Sweeteners Ltd.
- JK Sucralose
- Heartland Food Products Group
- Stevia First Corporation
Key Benefits For Stakeholders
- The report provides an extensive analysis of the global high-intensity sweeteners market size and trends from 2022 to 2031 to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the high-intensity sweeteners industry analysis and growth is provided in the report.
- Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
- Porter’s five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- The report provides key insights on strategic market analysis of various companies as well as the value chain analysis of the industry.
Key Market Segments
By Type
- Saccharin
- Aspartame
- Acesulfame Potassium
- Sucralose
- Neotame
- Advantame
- Steviol Glycosides
- Luo Han Guo Fruit Extracts
By Application
- Table Top Sweeteners
- Others
- Beverages
- Bakery And Confectionery
- Dietary Products
- Dairy Products
- Pharmaceuticals
By DISTRIBUTION CHANNEL
- Offline
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Australia
- Pakistan
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- Celanese Corporation
- Cumberland Packing Corporation
- Merisant
- Ajinomoto Co., Inc.
- Hermes Sweeteners Ltd.
- JK Sucralose, Inc.
- Heartland Food Products Group
- Stevia First Corporation
- Hyet Sweet
- Tate and Lyle
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HIGH-INTENSITY SWEETENERS MARKET, BY TYPE
CHAPTER 5: HIGH-INTENSITY SWEETENERS MARKET, BY APPLICATION
CHAPTER 6: HIGH-INTENSITY SWEETENERS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: HIGH-INTENSITY SWEETENERS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'High-intensity Sweeteners Market,' the high-intensity sweeteners market was valued at $1,897.30 million in 2020, and is estimated to reach $2,920.10 million by 2031, growing at a CAGR of 3.7% from 2022 to 2031.High-intensity sweeteners are widely used as an alternative to sugar to enhance and sweeten various food & beverages. Moreover, these compounds are several times sweeter than regular sugar; and hence, are required in lower concentration for sweetening the products. These are used as replacements to sucrose (sugar) due to their overall sweeter taste and low-calorie content.
The global high-intensity sweeteners market witness’s significant growth, owing to ongoing developments and new applications in the food industry including, dairy products & baked goods. In addition, concerns about health and nutrition among the population are the key drivers of the market. Moreover, stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract. Furthermore, surge in the number of health-conscious consumers, especially in the developing economies and rise in incidences of diabetes and obesity have led to change in dietary habits of consumers. Thus, high-intensity sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe regions is expected to hamper the high-intensity sweeteners market growth.
The beverage segment accounted for one-third of the global high-intensity sweeteners market share, in terms of volume, in 2020. The consumption of diet carbonated soft drinks and low-calorie food creates the demand for high-intensity sweeteners in the beverage industry. Moreover, recent government initiatives in countries such as UK, which has imposed sugar tax on sugar-based soft drinks are some of the key factors that drive the market. Furthermore, the use of cyclamate sweetener has increased in diet beverages and food, especially in the developing regions, such as Asia-Pacific and Africa, owing to increase in health awareness among the population.
The impact of the COVID-19 pandemic on the growth of the global high-intensity sweeteners market in 2020 was quite negative. This was due to the supply chain disruption, halt in production and manufacturing of high-intensity sweeteners, and lockdown restrictions.
The global high-intensity sweeteners market is driven by production & consumption of diet carbonated soft drinks and low-calorie foods. Moreover, these sweeteners are added to diet soft drinks, low-calorie yogurts, and sugar-free jams, so that they taste as their conventional counterparts. In addition, growing health concern, such as obesity and rise in incidences of diabetes and cardiac arrest, have motivated consumers to improve their lifestyles and adapt healthier and low-calorie diet pattern. Thus, rise in adoption of stevia extracts high-intensity sweeteners in food & beverage health products fuels the market growth.
The implementation of stringent regulations and taxation regarding the use of high-calorie foods in Europe and North America is expected to hamper the market. At present, the Mexican Government enacted a law to collect tax on high-calorie processed foods, including carbonated soft drink. However, increase in challenges for food producers to develop sweeteners that cater to consumer expectations of good taste and reduce the cost of the final product restrain the market growth. In addition, ambiguity about health-related issues due to consumption of high-intensity sweeteners could hamper their adoption; thereby, hampering the market growth.
The adoption of high-intensity sweeteners relies largely on specific requirement of end users, which further facilitates the entry of new competitors. In addition, moderate capital investment is required to establish sweeteners manufacturing units, as the sweeteners market is majorly governed by sophisticated technology. Furthermore, products are differentiated in nature, which leads to high entry barriers for new entrants. Therefore, the threat of new entrants in the global market is low to moderate. End users prefer efficient and cost-effective sweeteners; however, the products available in the market has certain limitations related to their level of concentration and different environmental regulations. At present, high-intensity sweeteners are seldom being replaced by sugar. Therefore, the threat from substitutes is moderate to high in the high-intensity sweeteners market.
Key findings of the Study
- In terms of value, the sucralose segment is anticipated to exhibit the growth rate of 3.7% during the high-intensity sweeteners market forecast.
- Asia-Pacific is projected to dominate the global market by 2031, registering a CAGR of 4.1%, in terms of value.
- The dietary products segment occupied nearly one-ninth of the global market in 2020.
- India occupied around two-fifths of the Asia-Pacific high-intensity sweeteners market in 2020.
- In terms of value, Brazil is expected to grow at a CAGR of 3.5% from 2022 to 2031.
- In 2020, Asia-Pacific accounted for more than half of the global high-intensity sweeteners market size, and is expected to continue this trend in the near future, owing to rapid growth of the food & beverage industry and growing health concerns among the population of China, India, Japan, and other developing countries.
Companies Mentioned
- Celanese Corporation
- Cumberland Packing Corporation
- Merisant
- Ajinomoto Co., Inc.
- Hermes Sweeteners Ltd.
- JK Sucralose, Inc.
- Heartland Food Products Group
- Stevia First Corporation
- Hyet Sweet
- Tate and Lyle
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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