Market Size of North America Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.22 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Food Sweetener Market Analysis
North American food sweetener market is projected to grow at a CAGR of 1.22% during the forecast period.
- The demand for natural sweeteners in North America is primarily due to the health food trend. The rising awareness regarding the harmful effects of excessive sugar consumption is augmenting the market’s growth.
- However, an increase in the awareness about the negative effects of sugar on consumer’s health is likely to hinder the market growth, providing more opportunities for low-calorie sweeteners, especially in beverage, and bakery and dairy products.
- The beverages category is most dominant, followed by bakery, confectionary, and dairy products. Based on type, Stevia and Xylitol are expected to witness high growth rates.
North America Food Sweetener Industry Segmentation
North America food sweetener market is segmented by type as sucrose, starch sweeteners and sugar alcohols, high-intensity sweeteners (HIS). Starch sweeteners and sugar alcohols include dextrose, HFCS, maltodextrin, sorbitol, xylitol, others. The other starch sweeteners and sugar alcohols include glucose syrup, glucose-fructose syrup, fructose-glucose syrup, isoglucose, fructose, mannitol, maltitol, erythritol, lactitol, isomalt. High-Intensity sweeteners include sucralose, aspartame, saccharin, cyclamate, ace-k, neotame, stevia and others. The other HIS includes glycyrrhizin, mogroside V, Luo Han Guo, thaumatin, monatin. By application as dairy, bakery, beverages, confectionery, soups, sauces and dressings and others.
| By Product Type | ||||||||||
| Sucrose | ||||||||||
| ||||||||||
|
| By Application | |
| Dairy | |
| Bakery | |
| Soups, Sauces and Dressings | |
| Confectionery | |
| Beverages | |
| Others |
| Geography | ||||||
|
North America Food Sweetener Market Size Summary
The North American food sweetener market is experiencing a gradual expansion, driven by the increasing demand for natural sweeteners amid a growing health food trend. Consumers are becoming more aware of the adverse effects of excessive sugar consumption, which is propelling the market towards low-calorie sweeteners, particularly in sectors like beverages, bakery, and dairy products. The beverage category remains the most dominant, with Stevia and Xylitol anticipated to see significant growth. The trend towards clean labeling and the use of low-calorie sweeteners in various food and beverage products, such as frozen desserts and breakfast cereals, is gaining traction. The U.S. Food and Drug Administration's recognition of several low-calorie sweeteners as Generally Recognized as Safe (GRAS) further supports this trend, with brands like Equal®, NutraSweet®, and Splenda® leading the market.
In Mexico, the market for sweeteners is poised for growth due to a high obesity rate and government initiatives like the tax on sugary drinks, aimed at reducing sugar consumption. The country's economic growth and increasing urbanization are expected to boost purchasing power, making it a promising market for both natural and artificial sweeteners. The North American food sweetener industry is characterized by the presence of major players such as Cargill Inc., Tate & Lyle, and Ingredion, who are actively engaging in strategies like acquisitions and product launches to expand their market presence. These dynamics indicate a competitive landscape with significant opportunities for growth in the coming years.
North America Food Sweetener Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Sucrose
-
2.1.2 Starch Sweeteners and Sugar Alcohols
-
2.1.2.1 Dextrose
-
2.1.2.2 High Fructose Corn Syrup (HFCS)
-
2.1.2.3 Maltodextrin
-
2.1.2.4 Sorbitol
-
2.1.2.5 Xylitol
-
2.1.2.6 Others
-
-
2.1.3 High Intensity Sweeteners (HIS)
-
2.1.3.1 Sucralose
-
2.1.3.2 Aspartame
-
2.1.3.3 Saccharin
-
2.1.3.4 Cyclamate
-
2.1.3.5 Ace-K
-
2.1.3.6 Neotame
-
2.1.3.7 Stevia
-
2.1.3.8 Others
-
-
-
2.2 By Application
-
2.2.1 Dairy
-
2.2.2 Bakery
-
2.2.3 Soups, Sauces and Dressings
-
2.2.4 Confectionery
-
2.2.5 Beverages
-
2.2.6 Others
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
-
North America Food Sweetener Market Size FAQs
What is the current North America Food Sweetener Market size?
The North America Food Sweetener Market is projected to register a CAGR of 1.22% during the forecast period (2024-2029)
Who are the key players in North America Food Sweetener Market?
Cargill, Incorporated, Archer Daniels Midland Company, Stevia First Corporation, Tate & Lyle and Ingredion Incorporated are the major companies operating in the North America Food Sweetener Market.
