Alternative Sweeteners Market Size (2024 - 2029)

The global alternative sweetener market is experiencing growth driven by an increasing prevalence of lifestyle-related diseases such as diabetes, obesity, and cardiovascular conditions. The rising demand for low-calorie food products and a shift towards healthier living are significant factors contributing to the market's expansion. Additionally, the growth of the beverage industry in both developed and developing regions is further boosting the demand for alternative sweeteners. However, the market's growth may be challenged by the high costs and potential side effects associated with these sweeteners.

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Market Size of Alternative Sweeteners Industry

Alternative Sweetener Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Alternative Sweetener Market Major Players

*Disclaimer: Major Players sorted in no particular order

Alternative Sweetener Market Analysis

Global Alternative Sweetener market is growing at a CAGR of 4.3 % during the forecast period (2020-2025).

  • The market is expected to grow owing to the increase in patients suffering from lifestyle diseases such as diabetes, obesity and cardiovascular diseases. Also, the inclination towards living a healthy lifestyle and rise in demand for low-calorie food products are other critical factors driving the growth of the global alternative sweetener market throughout the forecast period.
  • The growth of beverage market in both developed and developing countries is also promoting the demand for alternative sweeteners.
  • On the other hand, high costs and side effects caused by the alternative sweetener may hinder the market growth.

Alternative Sweetener Industry Segmentation

The global alternative sweetener market has been segmented by product type which includes high fructose syrup, high intensity sweeteners, low intensity sweeteners. Based on source, the market is segmented into natural and synthetic. Based on application, the market is segmented into food and beverages, pharmaceuticals and others. The food and beverage sector are further divided into bakery, confectionery, beverage, dairy and others. The report further analyses the global scenario of the market, which includes detail analysis on North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.

By Product Type
High Fructose Syrup
High-Intensity Sweeteners
Low-Intensity Sweeteners
By Source
Natural
Synthetic
By Application
Food and Beverages
Bakery
Confectionery
Beverage
Dairy
Others
Pharmaceuticals
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa
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Alternative Sweeteners Market Size Summary

The alternative sweeteners market is experiencing significant growth, driven by an increasing prevalence of lifestyle diseases such as diabetes, obesity, and cardiovascular conditions. This trend is further fueled by a rising consumer inclination towards healthier lifestyles and a growing demand for low-calorie food products. The expansion of the beverage market in both developed and developing regions is also contributing to the heightened demand for alternative sweeteners. However, the market faces challenges due to the high costs and potential side effects associated with these sweeteners, which may impede growth.

In North America, the demand for natural sweeteners is largely influenced by the healthy food trend and heightened awareness of the adverse effects of excessive sugar consumption. This has created substantial opportunities for low-calorie sweeteners, particularly in the bakery, beverage, and dairy sectors. The beverage industry leads in market dominance, followed by bakery, confectionery, and dairy industries. The global market is characterized by the presence of numerous active players who are employing strategies such as new product development, mergers, acquisitions, and partnerships to enhance market growth. Prominent companies in this sector include Cargill Inc., Heartland Food Products Group, DuPont de Nemours, Inc., and Ingredion Inc.

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Alternative Sweeteners Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 High Fructose Syrup

      2. 2.1.2 High-Intensity Sweeteners

      3. 2.1.3 Low-Intensity Sweeteners

    2. 2.2 By Source

      1. 2.2.1 Natural

      2. 2.2.2 Synthetic

    3. 2.3 By Application

      1. 2.3.1 Food and Beverages

        1. 2.3.1.1 Bakery

        2. 2.3.1.2 Confectionery

        3. 2.3.1.3 Beverage

        4. 2.3.1.4 Dairy

        5. 2.3.1.5 Others

      2. 2.3.2 Pharmaceuticals

      3. 2.3.3 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Spain

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 Germany

        4. 2.4.2.4 France

        5. 2.4.2.5 Italy

        6. 2.4.2.6 Russia

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 Rest of Middle East and Africa

Alternative Sweeteners Market Size FAQs

The Alternative Sweeteners Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)

Cargill, Incorporated, Archer Daniels Midland Company, Heartland Food Products Group, DuPont de Nemours, Inc. and Ajinomoto Co., Inc. are the major companies operating in the Alternative Sweeteners Market.

Alternative Sweeteners Report Snapshots

Alternative Sweeteners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)