Artificial Sweetener Market – Global Industry Analysis and Forecast (2023-2029)

Artificial Sweetener Market was valued at US$ 3.62 Bn. in 2022. Artificial Sweetener Market size is estimated to grow at a CAGR of 6.5%. The market is expected to reach a value of US $ 5.62 Bn. in 2029.
Artificial Sweetener Market Overview:
Artificial Sweeteners are the substitute for sugars, which have a sweet taste that is produced unnaturally. They are surrounded by low sugar levels and fewer calories and are also used as a sugar alternative. They are used in numerous processed foods such as jams & jellies, dry goods, dairy foodstuffs, which it is measured rich in nutrients and make them healthier for the human body. The rising awareness of health consciousness surrounded by people includes various sweeteners like sodium benzoate, saccharin, and aspartame. Aspartame is used as a sweetener in an extensive range as it gives 210 times sweeter than normal sugar. This product sweetener market is also being propelled by demand for low-calorie and zero-calorie processed and packaged goods. Sugar production is essential in the human body. The body transforms honey carbohydrates into glucose, which it uses as a vigor resource.To know about the Research Methodology:- Request Free Sample Report
Artificial Sweetener Market Dynamics:
Growing demand for low calories sugar surrogate and sugar-free manufactured goods is a key factor for driving the growth of the market:

A rise in the populace of health attentiveness and increasing disposable income as well as urbanization is expected to dramatically spur the market for sweeteners. This product has almost replaced sugar in the food & beverage industry, in which Aspartame plays a vital role in substitute of sugar in soft drinks. Furthermore, the amount of sugar in fizzy drinks can be reduced without distressing the taste or manifestation, heartening beverage manufacturers to use artificial sweeteners instead of sugar. The market is also growing due to lower production costs and better economies of scale. Increasing consumer preferences for low-fat foods and negligible concessions on savor features are primarily lashing aspartame sales that are anticipated to arrive at US$ 712 million by 2029. This product has wide usage of applications in the food & beverage industry counting soft drinks, chewing gum, jellies, candy, baked goods, ice-cream, etc, which is measured to be a major factor for fueling the growth of the market.

Extreme utilization of forged calories can go-ahead to a multiplicity of chronic illnesses that are restraining the market:

Consumption of sugar in large quantities can lead to various diseases like weight gain, poor nutrition, tooth decay, heart attack, diabetes, kidney damage, hypoglycemia, endocrine disruption, and also affect metabolism in the human body. 12.05% of the US population has diabetes in 2021, 43% of young adults have a prevalence of obesity, and 43.7% among middle-aged people are suffering from diabetes which is a major factor for restraining the market.

New Range of natural sweeter products is a key opportunity for the market:

The growing number of health-conscious people is rising continuously in which most preferred sweetener in the beverage section is monk fruits which are at high temperature mostly used in baked goods which are considered as safer for the human body. Growing consumer preferences for low-calorie foods and the least concessions on savor features are primarily driving aspartame sales which are expected to be a huge prospect for the sweeter product market.

Natural sweeteners are more expensive due to increased production expenses is a major challenging factor for the market:

There are two types of sweeteners artificial and natural. Artificial sweeteners are those which is extracted and manufactured from plant and overtone by chemical synthesis, however, natural sweeteners are those which are extracted by vegetables for ex molasses, honey, and coconut. These sweeteners have special functionality and are rich in nutrients to the human body, and also production cost is very cheap and easily accessible by the consumers.
Artificial Sweetener Market Segment Analysis:
Based on Application, the market is segmented as Food & Beverages and Processed Foods. The Food & Beverage segment is anticipated to dominate the market in 2022. Sugars are highly consumed with different flavors to the consumers. Sugar is usually worn to afford a sweetening taste in a diversity of food and beverage goods. As an effect, the food and beverage industry accounts for the preponderance of natural sweetener use. Food and beverage makers have been producing and innovating an assortment of the crop, together with diverse natural sweeteners, in response to the increased demand for newer products from end-consumers. The food and beverage industry is predictable to see a massive hoard from the most important businesses around the world in the coming years. As a result, manufacturers of natural sweetener products principally target participants in the food and beverage industry.

However, Processed Foods is expected to grow at a CAGR of xx% through the forecast period. Aspartame, Saccharin, Neotame, and stevia are mainly used in processed foods. However, most processed food may give negative effects such as ready meals, processed meat, baked goods, in which chemically processed foods contains a high level of sugar in which includes refined carbohydrates and artificial ingredient. Apart from this 30% - 72% of people are used ultra-processed food in terms of energy intake.

Based on Form, the market is segmented as Liquid, Powder, Solid, and Others. The Liquid Form segment is expected to hold the largest market share of 42% by 2029. The liquid form of sweetener's product gives a variety of flavors as well as more pastel coloring which is easy to dissolve into the food and majorly used for a food product. It is made from sucralose and saccharin. Water is the main ingredient to form liquid sweeteners. Saccharin is mainly used in many diet foods and drinks, as well as sucralose, which is mainly used in sweetened diets and drinks. Erythritol, xylitol, yacon syrup, and monk fruits are basic natural form liquid sweeteners that may help to lower the body blood pressure and sugar level.

However, the solid segment is expected to grow at a CAGR of xx% through the forecast period. Sodium cyclamate is mostly used in the solid form of sweeteners. Rising in awareness of health concerns, cyclamate is banned in most the countries like U.S, Canada, and Japan by Food and Drug Administration. Cyclamate form of sugar contains 35%- 55% times sweeter compared with ordinary sugar. It is commonly used in baked goods in which it is stable under the heating process.

Saccharin is considered a powder form of sweeteners ion which doesn’t contain calories and carbs. It is around 350-450 times sweeter compared with ordinary sugars. This form of sugar is unhealthy for the human body and made by rusting chemicals like o-toluene sulfonamide and phthalic anhydride which look white. It is frequently mixed with low or zero calorie sugar to anticipate & form the powder sweeteners.
Artificial Sweetener Market Regional Insights:
The North American region is expected to grow at a CAGR of 2.24% in 2029. As a result increase in expansion and the budding impact of horse opera existence among consumers, the market of sugar in this region is rapidly growing. The extensive manifestation of diabetes patients can be associated with provincial demand tendencies. Rendering to the CDC's National Diabetes Statistics Report for 2022, the total number of diabetes cases in the United States has topped 36.5 million. A generous percentage of stout and cumbersome adults live in the region. Consumption of zero-calorie and low-calorie meals is increasing as customers become more health-conscious. Countries like the U.S, Canada, and Mexico have a higher demand for sweeteners as most people are health conscious in this region.

However, the Asia Pacific is expected to grow at a rapid rate during the forecast period. Changing lifestyle, growing disposable income, and extreme alteration concerning diet diversification is a major reason for the growth of the sweeteners market in this region. Countries like China and India have the highest market for sweeteners. An increase in urbanization and inclination towards health benefits food products is a key reason for witnessing the growth of the sweeteners market.

The objective of the report is to present a comprehensive analysis of the Artificial Sweetener Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Artificial Sweetener Market dynamic and structure by analyzing the market segments and projecting the Artificial Sweetener Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Artificial Sweetener Market make the report investor’s guide.
Artificial Sweetener Market Scope: Inquire before buying



Artificial Sweetener Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.62 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 5.62 Bn.


 Segments Covered:
by Type
Aspartame
Acesulfame-K
Monosodium Glutamate
Saccharin
Sodium Benzoate


by Form
Liquid
Solid
Powder
Other


by Application
Food & Beverages
Processed Foods


by Distribution Channel
Supermarkets and hypermarkets
Convenience stores
Departmental stores
Others



Artificial Sweetener Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Artificial Sweetener Market Key Players are:
1. ADM
2. Ingredion
3. Cargill
4. Tokyo Chemical Industry Co. Pvt Ltd.
5. Celanese Corporation
6. Garuda International, Inc
7. HYET Sweet
8. Tate & Lyle PLC
9. B&G Foods, Inc.
10.Cumberland Packing Corp.
11.Zydus Wellness Ltd.
12.PureCircle
13.Ajinomoto Co, Inc
14.Roquette
15.Jk Sucralose
16.McNeil Nutritional
17.Herness Sweeteners Ltd.
Frequently Asked Questions:
1] What segments are covered in the Artificial Sweetener Market report?
Ans. The segments covered in the Artificial Sweetener Market report are based on Application, type, Form and Distribution Channel.

2] Which region is expected to hold the highest share in the Artificial Sweetener Market?
Ans. The North American region is expected to hold the highest share in the Artificial Sweetener Market.

3] What is the market size of the Artificial Sweetener Market by 2029?
Ans. The market size of the Artificial Sweetener Market by 2029 is US $ 5.62 Bn.

4] What is the forecast period for the Artificial Sweetener Market?
Ans. The Forecast period for the Artificial Sweetener Market is 2023-2029.

5] What was the market size of the Artificial Sweetener Market in 2022?
Ans. The market size of the Artificial Sweetener Market in 2022 was US $ 3.62 Bn.