REDDING, Calif., Feb. 15, 2023 /PRNewswire/ -- According to a new market research report titled, 'High-Intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others); Source (Natural, Artificial); Form (Solid, Liquid); Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecasts to 2034, in terms of value, the high-intensity sweeteners market is projected to reach $5.37 billion by 2034, at a CAGR of 5.1% from 2023 to 2034, while in terms of volume, the market is projected to reach 113,049.6 tons by 2034, at a CAGR of 3.3% from 2023 to 2034.
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The growth of the high-intensity sweeteners market is driven by increasing demand for functional foods, the rising incidence of diabetes and obesity, the growing demand for natural high-intensity sweeteners, taxes imposed on sugar-sweetened beverages, and the increasing adoption of high-intensity sweeteners in the beverage industry. However, stringent government regulations, the adverse health effects associated with sugar substitutes, and fluctuations in raw material prices restrain the growth of the high-intensity sweeteners market.
Furthermore, emerging economies and rising R&D activities to develop sugar-free products provide significant opportunities for manufacturers in the global high-intensity sweeteners market.
Rising Incidence of Diabetes and Obesity SpursHigh-Intensity Sweeteners Market Growth
Diabetes is a major health problem globally. The incidence of type 2 diabetes has increased significantly in recent years and is expected to increase further. The growing incidence of diabetes worldwide is mainly attributed to obesity and physical inactivity. According to the International Diabetes Federation (IDF), approximately 537 million adults (aged 20-79 years) across the globe had diabetes in 2021. The number is expected to reach 783 million by 2045, of which 541 million adults are at increased risk of developing type 2 diabetes. These people are also expected to be at risk of obesity and diabetes-related complications, including cardiovascular diseases and hepatic steatosis. The consumption of sugar is one of the major factors in the development of diabetes.
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It is mandatory for people with type 2 diabetes to monitor their consumption of carbohydrates and sugars. Replacing sugars with foods that generate a low glycemic response is an effective strategy to prevent or manage type 2 diabetes. Low-calorie sweeteners replace sugars better as they help control carbohydrate intake and blood glucose levels. Noncaloric sweeteners are low-calorie, high-intensity sweeteners that prevent blood sugar levels from rising.
Thus, the rising incidence of diabetes and obesity is boosting the adoption of high-intensity sweeteners, driving the growth of this market.
Based on product, the global high-intensity sweeteners market is segmented into sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo (monk fruit), neotame, and other high-intensity sweeteners. The stevia segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing consumer awareness about the health benefits of consuming food products with natural ingredients and consumers' growing preference for clean label & healthy products with reduced sugar.
Based on source, the high-intensity sweeteners market is segmented into artificial high-intensity sweeteners and natural high-intensity sweeteners. In 2023, the artificial high-intensity sweeteners segment is expected to account for the larger share of the global high-intensity sweeteners market. However, the natural high-intensity sweeteners segment is expected to register the highest CAGR from 2023 to 2034. The high growth of this segment is mainly attributed to the increasing awareness about the benefits of consuming food products with natural ingredients, the growing consumer preference for clean label and healthy products, and the rising adoption of stevia and other natural sweeteners by leading food & beverage companies.
Based on form, the high-intensity sweeteners market is segmented into solid and liquid. The solid segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the ease of handling, transportation, and storage; wide availability; better shelf-life; and effective product formulation. Furthermore, the high concentration and ease of use in various applications offered by powdered high-intensity sweeteners due to their high mixability further contribute to the growth of this segment.
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Based on application, the high-intensity sweeteners market is segmented into beverages, food, nutrition and health supplements, pharmaceuticals, and other applications. In 2023, the beverage segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to factors such as the health benefits of high-intensity sweeteners in beverages, the increasing number of product development and launches of high-intensity sweetener-based beverages, and the rising demand for sugar-free beverages. In addition, the increasing demand for natural health & sports drinks with enhanced nutritional value contributes to the growth of this segment.
Based on geography, the high-intensity sweeteners market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the high-intensity sweeteners market. However, Asia-Pacific is expected to register the highest growth rate during the forecast period of 2023-2034. The rapid market growth in Asia-Pacific is driven by the factors such as changing lifestyles, the emerging trend of healthy food & food ingredients, rising awareness about the health benefits of sugar-free products, rapid urbanization, and a growing diabetic and obese population. Also, the government taxes imposed on sugar-sweetened products further support the growth of the high-intensity sweeteners market in the region.
Some of the major players operating in the high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia).
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Scope of the Report:
High-intensity Sweeteners Market, by Product
- Sucralose
- Stevia
- Aspartame
- Acesulfame-K
- Luo Han Guo (Monk Fruit)
- Saccharin
- Neotame
- Other High-intensity Sweeteners
High-intensity Sweeteners Market, by Source
- Artificial High-intensity Sweeteners
- Natural High-intensity Sweeteners
High-intensity Sweeteners Market, by Form
- Solid
- Liquid
High-intensity Sweeteners Market, by Application
- Beverages
- Juices and Soft Drinks
- Sports Drinks/ Energy Drinks
- Other Beverages
- Food
- Bakery Products
- Confectionery Products
- Dairy Products
- Tabletop Sweeteners
- Cereal-based Products
- Other Food Products
- Nutrition and Health Supplements
- Pharmaceuticals
- Other Applications
High-intensity Sweeteners Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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