The global Nutritive Sweetener market is expected to reach a market valuation of USD 22,430.75 Million by the year 2023, accelerating with a CAGR 4.4% by 2023 to 2033. Nutritive Sweetener sales are likely to account for a part of the demand in the global sweetener market valued at approximate USD 33,348.32 million in 2033.
Nutritive sweeteners are caloric sweeteners or sugars which offers energy in the form of carbohydrates. Nutritive sweeteners are present naturally in fresh fruits, however, have a dominant presence in most of the processed foods. Many of the sugar intakes come from the “added sugar” i.e. sugar added during processing or prior to consumption.
Although, nutritive sweeteners have been associated with plethora lifestyle associated diseases but only when consumed excessively. Consumers are changing their approach for the healthier product, instead of looking only for functional ingredients, they’re emphasizing more on natural products.
According to a new study by Future Market Insights (Future Market Insights), manufacturers in the food industry are facing a surplus demand for nutritive sweeteners, in turn driving the growth of the nutritive sweetener market.
Nutritive Sweetener Market Size (2023E)
USD 22,430.75 Million
Nutritive Sweetener Market Projected Size (2033F)
USD 33,348.32 Million
Value CAGR (2023 to 2033)
4.4 %
Top 3 countries market share
~45%
Future Market Insights projects the market to remain lucrative, exhibiting growth at 4.4% CAGR between 2023 and 2033 in comparison to the CAGR of 3.9% posted between 2018 and 2022.
In the race to address growing demand for low or sugar-free claims, manufacturers in the food industry are facing a surplus demand for nutritive sweeteners, in turn driving the growth of the nutritive sweetener market.
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How Do the Nutritive Sweetener Market's Historic and Future Outlook Compare?
Nutritive Sweetener sales grew at a CAGR of 4.9% between 2018 and 2022. The period marked the entry of various market players and product innovations.
Amid the growing uncertainty regarding the health benefits of the artificial sweeteners, demand for nutritive sweetener continue to rise against the backdrop of growing emphasis on natural ingredients and awareness regarding sugar consumption in moderation, thereby driving the growth of the nutritive sweetener market. As more information about the health advantages of nutritive sweeteners becomes widely known, the market for Nutritive Sweetener is likely to thrive in the coming years.
Increased consumer spending on food products is substantially fuelling the growth of the overall food industry. With urbanization, the processed food market is expected to witness significant growth in the near future especially in the untapped market of developing countries.
Global Nutritive Sweetener Market: Drivers
Nutritive sweeteners are frequently used in various industries such as the food & beverage, pharmaceutical, and others due to the health benefits associated with their consumption. They are used in the production of nutritive or sugar-free drinks and foods, which are mostly consumed among diabetic, obese, and people with high cholesterol.
In addition, consumers are unwilling to compromise on taste and are following holistic approach (i.e. consuming everything in moderation) towards their health which is anticipated to drive the market nutritive sweeteners market during the forecast period.
Thus, Future Market Insights predicts a substantial growth of Nutritive Sweetener Market in the given forecast period.
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Country Wise Insights
Regions
North America
Countries
United States
Value CAGR in % (2023)
4.9%
Value Share in Market (2023)
30.2%
Regions
Europe
Countries
Germany, United Kingdom
Value CAGR in % (2023)
4.0%, 3.5%
Value Share in Market (2023)
19.7%, 21%
Regions
Asia Pacific
Countries
India, Japan
Value CAGR in % (2023)
5.0%, 3.6%
Value Share in Market (2023)
15.6%, 10.8%
Dominance of the USA in Nutritive Sweetener Market
According to Future Market Insights, USA is expected to rise by a significant growth rate during the forecast period and shares a large amount of market share.
Additionally, Obesity and related disorders are increasing in the USA, prompting dietary experts to encourage people to consume low-calorie foods, opines FMI.
Identification of sugar alcohols or nutritive sweeteners in regulating the metabolism of a diabetic person and lowering blood sugar responses has propelled the growth of the nutritive sweetener market.
What is the outlook for the Nutritive Sweetener market in India?
India has shown positive trends in the growth of the manufacturing base of Nutritive Sweetener owing to the 100% foreign direct investment opportunity in the food processing industry.
Furthermore, as India has urbanized, the inactive lifestyle influenced by Westerners has infiltrated Indian society, resulting in less exercise and increased intake of sugar-sweetened beverages by consumers. As a result of growing knowledge of the health issues such as diabetes arising from sweet consumption in India, has propelled the demand for nutritive sweeteners.
What are the factors driving UK in Nutritive Sweetener Market?
The growth in the sector can be attributed to the increase in sweetener imports by countries such as UK, Germany and France in European Region.
Many international brands of food & beverage products brands and quick are entering or expanding their operations in these price conscious untapped market. Nutritive sweetener is a major ingredient for a majority of these products and attributed to these factors it is anticipated to have robust growth over the forecast period. This trend is expected to lead to significant market expansion in the years ahead, according to Future Market Insights.
Category wise Insights
Adjacent Markets Overview
Low-Calorie Sweetener Chocolate Market:
Attributes
Low-Calorie Sweetener Chocolate Market
CAGR (2023 to 2033)
4.7%
Growth Factor
Low-calorie sweeteners are frequently used in various industries such as the food & beverage, pharmaceutical, and others due to the health benefits associated with their consumption.
Opportunity
Post FQ-20, consumption of healthy and nutritious meals has surged across the globe. As a result, low-calorie sweeteners, which are considered a healthier alternative to sugar, witnessed a boom in demand across the globe.
Key Trends
Players are attempting to improve their product offerings by including natural low calorie sweeteners in their product portfolio such as stevia, which are cholesterol-free, and vegan low calorie sweeteners.
Artificial Sweetener Market:
Attributes
Artificial Sweetener Market
CAGR (2023 to 2033)
3%
Growth Factor
Rising awareness related to risks of diabetes is increasing focus on dental care, and inclination towards weight management which subsequently fuels the market for artificial sweeteners.
Opportunity
Availability of sugar substitutes has been noticed to be the major factor to push the overall artificial sweeteners market.
Key Trends
Due to the rising demand for sugar-free and diet beverages, the carbonated beverage industry is reported to consume the most artificial sweeteners.
Sweetener Market:
Attributes
Sweetener Market
CAGR (2023 to 2033)
3.8%
Growth Factor
With low glycaemic index, it is used as a low-calorie food addition making it very suitable for health conscious individuals making the sweetener market growth swift in the contemporary times.
Opportunity
Formulation of Laws requiring less sugar intake, and their inclusion in a variety of marketable wellness and nutrition food items for improving the health of common mass is expected to bring in favourable sweetener market opportunities with the changing times.
Key Trends
Sweetness, taste, low cost, nutrition, heat resistance during preservation, and its blending skills are all provided by prepared or natural sweeteners have made the said market highly profitable these days.
Category Trends in Product Type in the Forecast Period
Nutritive sweeteners include sucrose (which is found in raw sugar, cane sugar, brown sugar, powdered sugar and table sugar, fructose which is also known as fruit sugar, corn sugar (type of sugar derived from corn starch), High Fructose Corn Syrup (usually added in beverages such as sodas and soft drinks), honey (composed of 40% fructose and 35% of glucose) and agave.
Sweetener use is increasing as a result of consumers' preference for low- or no-calorie versions of food and beverages. Food producers are utilizing high-intensity nutritive sweeteners to make light products with fewer calories and attractive flavor profiles in response to consumer demand.
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Product Launches/Innovations
Leading Nutritive Sweetener producers are substantially funding the creation of new, enhanced Nutritive Sweetener. The goal of research and development is to identify the best techniques that will provide a higher output with more nutrients. Thus, research and development are crucial in the Nutritive Sweetener market.
In July 2017, Tate & Lyle, which is UK based international agribusiness, launched a new range of brown & golden cane sugars. The range consists of five products, including two organic variants. The objective was to expand their product portfolio.
In July 2017, Raízen Energia S.A., which is a Brazil-based energy company, acquired two sugar mills from Tonon Bioenergia SA, a cultivator, and processor of sugarcane. The objective was to expand its sugar manufacturing business.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Countries Covered
USA, Canada, Brazil, Mexico, Germany, the UK, France, Italy, Spain, Nordic, Russia, Poland, India, India, Thailand, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Segments Covered
Type, Nature, Application, Region
Key Companies Profiled
Tate & Lyle, Cargill Inc.
Showa Sangyo
Japan Corn Starch Co.
COFCO International
Kerry Group Plc
Archer Daniels Midland Company
Bannari Amman Group
Bajaj Hindusthan Ltd
Tereos SA
Wilmar International Limited
Others
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Nutritive Sweetener Market by Category
By Product Type:
Sucrose
Fructose
Corn Sugar
High Fructose Corn Syrup
Honey
Agave
Others
By Nature:
Organic
Conventional
By End Use:
Household/ Retail
Food Processing
Bakery
Confectionery
Beverages
Pharmaceuticals
Dietary Supplements
Dairy Products
Ice Cream and Desserts
Yogurt
Flavored Milk
Spreads
Snacks
Cereals
By Distribution Channel:
Direct sales
Indirect sales
Store based Retailing
Hypermarket/Supermarket
Convenience Store
Discount Store
Food and Drink Specialty Store
Independent Small Grocery
E-retailers
By Region:
North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania
Frequently Asked Questions
At what rate will the Nutritive Sweetener Market grow?
Throughout the forecast period, the Nutritive Sweetener Market is expected to grow at a CAGR of 4.4%
What are the key factors driving the Nutritive Sweetener Market?
The natural and organic trend in the F&B sector is likely to be the prime influencer of the Nutritive Sweetener market.
Which region(s) adds to the highest Nutritive Sweetener Market Valuation?
Currently, North America region is at the top of the market share of Nutritive Sweetener.
What is the preferred type of Nutritive Sweetener?
Chocolates, especially White chocolates are the preferred type of Nutritive Sweetener market.
Who are the key players in the Nutritive Sweetener Market?
Some of the key players in the Nutritive Sweetener Market include Tate & Lyle, Cargill Inc., Showa Sangyo, Japan Corn Starch Co., COFCO International, Kerry Group Plc, Archer Daniels Midland Company, Bannari Amman Group, Bajaj Hindusthan Ltd., Tereos SA, Wilmar International Limited, among other Nutritive Sweetener players
