Market Size of Alternative Sweeteners Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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| Pharmaceuticals | |||||||
| Others |
| Geography | |||||||||
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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.
Alternative Sweeteners Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 High Fructose Syrup
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2.1.2 High-Intensity Sweeteners
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2.1.3 Low-Intensity Sweeteners
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2.2 By Source
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2.2.1 Natural
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2.2.2 Synthetic
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2.3 By Application
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2.3.1 Food and Beverages
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2.3.1.1 Bakery
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2.3.1.2 Confectionery
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2.3.1.3 Beverage
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2.3.1.4 Dairy
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2.3.1.5 Others
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2.3.2 Pharmaceuticals
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 South Africa
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2.4.5.2 United Arab Emirates
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2.4.5.3 Rest of Middle East and Africa
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Alternative Sweeteners Market Size FAQs
What is the current Alternative Sweeteners Market size?
The Alternative Sweeteners Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Alternative Sweeteners Market?
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.
