IMARC Group, a leading market research company, has recently releases report titled “Natural Sweeteners Market Report by Type (Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, and Others), Form (Liquid, Powder, Solid and Crystals), Distribution Channel (Business-To-Customer (B2C), Business To Business (B2B)), Application (Bakery Products, Confectioneries and Gums, Spreads, Beverages, Dairy Products, Frozen Desserts, Tabletop Sweeteners, Pharmaceutical Products and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the natural sweeteners market share.
The global natural sweeteners market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
Industry Overview of Natural Sweeteners
Natural sweeteners are substances derived from nature, typically plants, used to impart sweetness to food products and beverages, ranging from baked goods and confectioneries to soft drinks and dairy products. They often contain additional nutrients that are absent in regular sugar like zinc and manganese. They do not contain calories and raise blood sugar levels, making them a suitable option for individuals with diabetes or those monitoring their caloric intake. They are rich in antioxidants and can offer anti-inflammatory and antibacterial properties. They align with environmental sustainability, as they require less water and pesticides. They are used in the pharmaceutical industry as sweetening agents in syrups and other oral formulations. They are also utilized to manufacture cosmetic products like lip balms and scrubs due to their natural origin and potential health benefits. As they are healthier alternatives to artificial sweeteners and refined sugars, the demand for natural sweeteners is rising across the globe.
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What are the growth prospects and trends in the natural sweeteners industry?
At present, there is a growing awareness and concern among the masses about overall health and wellness, particularly related to diet and nutrition due to increasing access to information, along with the rising prevalence of health-related issues, such as obesity, diabetes, and heart disease, represents one of the key factors offering a favorable market outlook. Besides this, the escalating demand for clean label products is propelling the growth of the market. Consumers are more knowledgeable and concerned about the ingredients in their food and beverage products. They are favoring products with fewer artificial additives and more natural and simple ingredients. This trend is encouraging manufacturers to reformulate their products using natural sweeteners, which are perceived as more wholesome and less processed compared to their artificial counterparts.
In addition, the rising trend of fitness and weight management is catalyzing the demand for natural sweeteners around the world. With an increasing number of people adopting healthier lifestyles and focusing on weight loss and management, there is a growing preference for low-calorie and low-glycemic-index sweeteners. The rising demand for natural sweeteners like stevia and monk fruit extract, which provide sweetness without the added calories or adverse effects on blood sugar levels, is offering lucrative growth opportunities to industry investors.
Moreover, advancements in the food and beverage (FB) industry are making it easier and more cost-effective to extract and process natural sweeteners. These technological innovations not only improve the taste and texture of these sweeteners, making them more appealing to consumers, but also reduce production costs. Additionally, governing agencies of several countries are undertaking initiatives to reduce the consumption of sugar and unhealthy food additives. Policies, such as sugar taxes, labeling requirements, and public health campaigns, are encouraging consumers and manufacturers to opt for healthier sweetening options. Furthermore, the growing demand for vegan, organic, and non-GMO products is positively influencing the market.
Leading Companies Operating in the Global Natural Sweeteners Industry:
- Archer-Daniels-Midland Company
- Cargill Incorporated
- FoodChem International Corporation
- GLG Life Tech Corporation
- Herboveda India
- Ingredion Incorporated
- Morita Kagaku Kogyo Co. Ltd
- PureCircle Ltd
- Pyure Brands LLC
- Roquette Frères
- Sweetly Stevia USA
- Tate Lyle PLC
Natural Sweeteners Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Stevia
- Sorbitol
- Xylitol
- Mannitol
- Erythritol
- Sweet Proteins
- Others
Breakup by Form:
- Liquid
- Powder
- Solid and Crystals
Breakup by Distribution Channel:
- Business-To-Customer (B2C)
- Business To Business (B2B)
Breakup by Application:
- Bakery Products
- Confectioneries and Gums
- Spreads
- Beverages
- Dairy Products
- Frozen Desserts
- Tabletop Sweeteners
- Pharmaceutical Products
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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