High-intensity Sweeteners Market to be Worth $5.37 Billion by 2034

High-intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Natural, Artificial), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecast to 2034

Meticulous Research^®— a leading global market research company, published a research report titled ‘High-intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Natural, Artificial), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecast to 2034.’

According to this latest publication from Meticulous Research^®, the global high-intensity sweeteners market is projected to reach $5.37 billion by 2034, at a CAGR of 5% during the forecast period 2024–2034, while in terms of volume, the market is projected to reach 113,049.6 tons by 2034, at a CAGR of 3.1% from 2024 to 2034. The growth of this market is driven by the increasing demand for functional foods, the rising incidence of diabetes and obesity, the growing demand for natural high-intensity sweeteners, taxes imposed on sugar-sweetened beverages, and the increasing adoption of high-intensity sweeteners in the beverage industry. However, stringent government regulations, the adverse health effects associated with sugar substitutes, and fluctuations in raw material prices restrain the growth of the high-intensity sweeteners market. Furthermore, emerging economies and increasing R&D activities to develop sugar-free products are expected to offer market growth opportunities for the stakeholders operating in this market. However, product labeling and claims issues are a major challenge for the players operating in this market. Additionally, the rising demand for clean-label products and the increasing adoption of healthy lifestyles are prominent trends in the high-intensity sweeteners market.

Key Players

Some of the key players operating in the global high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia).

The global high-intensity sweeteners market is segmented based on product (sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo [monk fruit], neotame, and other high-intensity sweeteners), by source (artificial high-intensity sweeteners and natural high-intensity sweeteners), by form (solid and liquid), by application (beverages {juices and soft drinks, sports drinks/ energy drinks, and other beverages}, food {bakery products, confectionery products, dairy products, tabletop sweeteners, cereal-based products, and other food products}, nutrition and health supplements, pharmaceuticals, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, in 2024, the sucralose segment is expected to account for the largest share of the global high-intensity sweeteners market. The large market share of this segment is attributed to the increasing application of sucralose in food & beverages due to its benefits, such as high shelf-life and limited quantity requirement to achieve sweetness. Furthermore, rising health awareness among consumers, increasing demand for low-calorie sweeteners, growing in the diabetic population, health-conscious consumer base, and acceptance of sucralose as a safe sweetener are some of the factors further expected to drive the growth of this market across the globe.

Based on source, the natural high-intensity sweeteners segment is slated to register a higher CAGR during the forecast period of 2024–2034. The rapid growth of this segment is attributed to the increasing awareness about the benefits of consuming food products with natural ingredients, the growing consumer preference for clean label and healthy products, and the rising adoption of stevia and other natural sweeteners by leading food & beverage companies.

Based on form, in 2024, the solid segment is expected to account for the larger share of the high-intensity sweeteners market. The large market share of this segment is attributed to the benefits offered by solid high-intensity sweeteners, such as ease of handling, transportation, and storage; wide availability; better shelf-life; and effective product formulation. Furthermore, the high concentration and ease of use in various applications offered by powdered high-intensity sweeteners due to their high mixability further contribute to the growth of this segment.

Based on application, in 2024, the beverage segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to factors such as the health benefits of high-intensity sweeteners in beverages, the increasing number of product development and launches of high-intensity sweetener-based beverages, and the rising demand for sugar-free beverages. In addition, the increasing demand for natural health & sports drinks with enhanced nutritional value contributes to the growth of this segment.

Based on geography, in 2024, North America is expected to account for the largest share of the high-intensity sweeteners market. The major share of this regional market is attributed to factors such as the increasing number of obese and diabetic populations, growing health and wellness concerns, a well-established food and beverage industry, and strong demand for sugar-free products. Also, the presence of prominent players offering high-intensity sweeteners across different sectors further supports the growth of the market in the region.

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Key questions answered in the report:

What are the historical market sizes and growth rates of the global high-intensity sweeteners market?
At what rate is the global high-intensity sweeteners demand projected to grow over the next 5–7 years?
What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
Which segments, in terms of type, source, form, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2034?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the global high-intensity sweeteners market during the forecast period 2024–2034?
Who are the major players in the global high-intensity sweeteners market? What are their specific product offerings in this market?
What are the recent strategic developments in the global high-intensity sweeteners market? What are the impacts of these strategic developments on the market?

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