India Food Sweetener Market Size (2024 - 2029)

India Food Sweetener Market Analysis

The India Food Sweetener Market size is estimated at USD 3.20 billion in 2024, and is expected to reach USD 3.74 billion by 2029, growing at a CAGR of 3.17% during the forecast period (2024-2029).

As health and immune system concerns rise, India's food and beverage landscape is witnessing a surge in low/no sweetener products. Also, the prevalence of obesity has led to a significant rise in consumer preference for natural and organic food and beverage products. Agriculture and Agri-Food Canada reported that India's retail sales of health and wellness foods and beverages surpassed USD 13 billion in 2023. This trend has prompted players to introduce alternatives to cater to the growing demand for low-sugar options. For instance, Malaysia-based PureCircle, a stevia supplier, has collaborated with top food and beverage companies to introduce stevia-based variants of well-known food and beverages, including PepsiCo's 7Up and Tropicana, Coca-Cola's Maaza Gold, and Danone's Yakult. The company aims to grow its Starleaf variety in India and raise farm revenues.

Further, with increasing urbanization and changing lifestyles, dietary habits in India are changing. There is a rising demand for convenience, which is offered by processed goods like sugar-based ready-to-eat foods, beverages, snacks, and frozen dinners. These are among a few key drivers of the global food sweeteners market. Both developed and developing nations are experiencing an uptick in the demand for processed and packaged foods. Agri Canada reported that India saw 8,961 launches of functional food and beverage products from January 2018 to December 2022. Moreover, in 2023, India's packaged food retail sales reached approximately USD 99.9 million. This surge is not only fueling the need for advanced food packaging solutions but also driving demand for high-fructose corn syrup in the global food and beverage industry.

India Food Sweetener Industry Segmentation

Sweeteners comprise various natural and artificial substances that impart a sweet taste to foods and beverages.

The Indian food sweeteners market is segmented based on product type and application. Based on product type, the market is segmented into sucrose, starch sweeteners and sugar alcohols, and high-intensity sweeteners (HIS). The starch sweeteners and sugar alcohols segment is further segmented into dextrose, high-fructose corn syrup (HFCS), maltodextrin, sorbitol, xylitol, and other starch sweeteners and sugar alcohols. Similarly, the high-intensity sweeteners (HIS) segment is further segmented into sucralose, aspartame, saccharin, cyclamate, ace-K, neotame, stevia, and other high-intensity sweeteners. Based on application, the market is segmented into dairy, bakery, soups, sauces, and dressings, confectionery, beverages, and other applications. The market sizing has been done in value terms (USD) for all the abovementioned segments.