The Artificial Sweeteners Market is expected to reach h USD 9974 million by 2027, growing at a CAGR of 3.9% over the forecast period (2020-2027).
The factors driving the growth of Artificial Sweeteners Market includes rising consumers inclination towards adopting healthy lifestyles, growing prevalence of diabetes, obesity, and cardiovascular diseases around the world, and increasing demand for immunity building products. Moreover, increasing application of artificial sweeteners in sauces, chewing gum and jellies, growing popularity of sugar-free beverages, rising adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Artificial Sweeteners Market share. In addition, growing preference for clean label ingredients, increasing investments by major companies on research and development, strategic partnerships between industry leaders and growing population growth rates, are further contributing towards the market growth.
However, allergic reactions due to consumption of artificial sweeteners is restricting the growth of Artificial Sweeteners Market.
The major players operating in the market are E.I Dupont De Numours and Company, Cargill Inc., Associated British Foods Plc., Nestle S.A., Tate & Lyle PLC, Wilmar International Limited, Archer Daniels Midland Company, Ajinomoto Corporation Inc., Roquette Frères, Ingredion Incorporated, and Raizen S.A., among others.
Based on Product Type, the Aspartame segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of artificial sweeteners in bakery products and fruit-based drinks and rise in the launch of innovative products, are some of the factors responsible for segment’s growth.
Based on Application, the Beverages segment is projected to grow at a robust CAGR over the forecast period
Rise in the working population, increasing consumers inclination towards adopting healthy diets and growing demand for low calorie ready to drink beverages, are propelling segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Rising awareness about side effects of high sugar products, prevalence of diabetes and obesity, rapid urbanization, increasing per capita incomes, growing demand for low calorie beverages and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
- In 2021, Tate & Lyle partnered with Codexis to enhance the production of Tate & Lyle’s newest sweetener: Tasteva M Stevia Sweetener.
- In 2021, AnalytiCon Discovery merged with Roquette to invest in R&D for developing Brazzein, a protein sweetener produced in berries available by the name of Pentadiplandra.
Market Segmentation
Segmentation by Product Type
- Acesulfame-K
- Aspartame
- Saccharin
- Sucralose
- Neotame
Segmentation by Application
- Bakery Goods
- Confectionery & Chewing Gums
- Sweet Spreads
- Beverages
- Dairy Products
- Others
Segmentation by Form
- Liquid
- Powder
- Solid
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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