Global Synthetic Sweeteners Market Research 2024, Forecast To 2033
19 Jan, 2024
The synthetic sweeteners market has experienced strong growth, increasing from $55.36 billion in 2023 to $60.27 billion in 2024, marking an 8.9% CAGR. Historical drivers include rising health concerns, diabetic and low-calorie products, and the food and beverage industry. Forecasts indicate continued strength, projecting a size of $83.07 billion in 2028, with an 8.4% CAGR. Growth is attributed to continued health concerns, diabetes and obesity prevention, clean label and natural sweeteners, and food and beverage industry innovation. Notable trends include stevia and plant-based sweeteners, advanced sugar reduction technologies, customized sweetener blends, and reduced-calorie functional foods.
Global Synthetic Sweeteners Market Key Driver
Rising global health awareness contributes to the synthetic sweetener market's expansion. Increasing incidences of heart diseases, diabetes, and obesity drive the adoption of healthier lifestyles. According to the World Health Organization, 17.9 million deaths annually result from cardiovascular diseases, and obesity is on the rise. Artificial sweeteners are endorsed by health organizations like the American Heart Association and the American Diabetes Association, fuelling the synthetic sweetener market.
Get A Free Sample Of The Global Synthetic Sweeteners Market ReportGlobal Synthetic Sweeteners Market Segments
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
By Geography: The regions covered in the synthetic sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the synthetic sweeteners market in 2023. North America was the second-largest region in the global synthetic sweeteners market share. The regions covered in the synthetic sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Synthetic Sweeteners Industry Players
Cargill Inc., Archer-Daniels-Midland Company, Ingredion Inc., Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., DuPont de Nemours Inc., Celanese Corporation, McNeil Nutritionals LLC, NutraSweet Property Holdings Inc., Hermes Sweeteners Ltd., MORITA Kagaku Kogyo Co. Ltd., PureCircle, Zydus Wellness Ltd., Whole Earth Brands Inc., ACH Food Companies Inc., Madhava Foods Ltd., Beijing Vitasweet Co. Ltd, Tate & Lyle PLC, Wilmar International Limited, Nutrinova, NutraEx Food Inc., Wisdom Natural Brands LLC, Anhui Jinhe Industrial Co. Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Daesang Corporation, Foodchem International Corporation, GLG Life Tech Corporation, Holland Sweetener Company, HYET Sweet SAS, PureCircle Limited
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Synthetic Sweeteners Market Overview
Synthetic sweeteners are chemically-processed substances that are used in place of sweeteners with sugar (sucrose) or sugar alcohols. Synthetic sweeteners are used as applications in weight loss assistance, dental care, and diets for patients with diabetes mellitus and reactive glycemia.
Synthetic Sweeteners Global Market Report 2023 provides data on the global synthetic sweeteners market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The synthetic sweeteners market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.