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Global Sweeteners Market Report Size, Trends & Growth Opportunity, By Type (Sucrose, Tagatose), By Form (Solid, Liquid), By Application (Bakery & Confectionery, Pharmaceuticals) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.


Report ID : IR1002414 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 205

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  • Global Sweeteners Market Report Size, Trends & Growth Opportunity, By Type (Sucrose, Tagatose), By Form (Solid, Liquid), By Application (Bakery & Confectionery, Pharmaceuticals) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.
    Global Sweeteners Market

    The Global Sweeteners Market is expected to reach US 98 billion by 2030, increasing at a CAGR of 2.15% from 2023 to 2030, from its projected value of US 80.45 billion in 2022.

    In addition to their sweet flavour, sweeteners are employed in bakery food products for their capacity to bulk up, structure, brown, aerate, fuel, and preserve the moisture, shelf life, and aesthetic appeal of the finished goods. The global push for healthier and more nutrient-dense foods has resulted in a rise in consumer health consciousness, which is partly responsible for the growth of honey and artificial sweeteners. Because they have less calories than sugar, sweeteners are frequently advertised as sugar-free items as well. This has various health benefits.

    Market Drivers

    The food processing sector is anticipated to be driven mostly by a fast-paced lifestyle and a rise in consumer preference for convenience foods. The demand for sweeteners in the United States is also predicted to increase due to the increased consumption of soft drinks, particularly carbonated soft drinks. The demand for food products that are safer, healthier, and high in nutrients is being pushed by changing consumer preferences. As a result, it is projected that during the projection period, increasing demand for these foods will increase the need for sugar substitutes such polyol sweeteners, high-intensity sweeteners and rare sugars.

    Market Restraints
     
    The expansion of the sweeteners market has been considerably impacted by the COVID-19 pandemic outbreak. The shutdown has had a significant impact on the global supply chain for commodities. This has also affected the market for sweeteners in terms of demand. The industrial unit's labour shortage has also had a significant impact on how the product is produced.

    Market Segmentation
     
    The Global Sweeteners Market is segmented into Type (Sucrose, Tagatose), Form (Solid, Liquid), Application (Bakery & Confectionery, Pharmaceuticals) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
     
    Regional Analysis

    During the projected period, the sweeteners market is anticipated to grow most quickly in the Asia Pacific region. This is because consumers' changing lifestyles and increased health consciousness are causing the business to expand. Due to its increasing urbanisation, open trade laws in the food industry, and dietary diversity, the Asia Pacific region is quite dynamic.

    Additionally, the main element providing growth opportunities for sweetener makers in the Asia Pacific region is an increase in purchasing power brought on by an increase in per capita income. For instance, nations like China and India aim to increase urbanisation, household incomes, and consumer lifestyle and dietary changes. As a result, the industry will see a growth in demand in the future years.
    Key Players

    The Key Players in the Global Sweeteners Market are Foodchem International Corporation, PureCircle, ADM, Ingredion, Tate & Lyle, Cargill, Inc, Roquette Frères, Pyure Brands LLC, Beeyond the Hive and Dabur India Ltd.

    Market Taxonomy

    Type

    •        Sucrose
    •        Tagatose 

    Form
    •        Solid
    •        Liquid 

    Application

    •        Bakery & Confectionery
    •        Pharmaceuticals 

    Regional Outlook 

    •        North America
    •        Europe
    •        Asia Pacific
    •        Latin America
    •        Middle East and South Africa

    Global Sweeteners Market  
    1 Introduction        
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validations
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Sweeteners Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply& Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Sweeteners Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Sweeteners Market Share Analysis, By Type
    5.3 Sweeteners Market Size and Forecast, By Type
    5.3.1 Sucrose 
    5.3.2 Tagatose
    6 Sweeteners Market, By Form
    6.1 Y-o-Y Growth Comparison, By Form
    6.2 Sweeteners Market Share Analysis, By Form
    6.3 Sweeteners Market Size and Forecast, By Form
    6.3.1 Solid 
    6.3.2 Liquid
    7 Sweeteners Market, By Application 
    7.1 Y-o-Y Growth Comparison, By Application 
    7.2 Sweeteners Market Share Analysis, By Application 
    7.3 Sweeteners Market Size and Forecast, By Application 
    7.3.1 Bakery & Confectionery 
    7.3.2 Pharmaceuticals 
    8 Sweeteners Market, By Region
    8.1 Sweeteners Market Share Analysis, By Region
    8.2 Sweeteners Market Share Analysis, By Region
    8.3 Sweeteners Market Size and Forecast, By Region
    9 North America Sweeteners Market Analysis and Forecast (2023-2030)
    9.1 Introduction
    9.2 North America Sweeteners Market Share Analysis, By Type
    9.3 North America Sweeteners Market Size and Forecast, By Form
    9.4 North America Sweeteners Market Size and Forecast, By Application 
    9.5 North America Sweeteners Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Sweeteners Market Analysis and Forecast (2023-2030)
    10.1 Introduction
    10.2 Europe Sweeteners Market Share Analysis, By Type
    10.3 Europe Sweeteners Market Size and Forecast, By Form
    10.4 Europe Sweeteners Market Size and Forecast, By Application 
    10.5 Europe Sweeteners Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4. Rest of Europe
    11 Asia Pacific Sweeteners Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 Asia Pacific Sweeteners Market Share Analysis, By Type
    11.3 Asia Pacific Sweeteners Market Size and Forecast, By Form
    11.4 Asia Pacific Sweeteners Market Size and Forecast, By Application 
    11.5 Asia Pacific Sweeteners Market Size and Forecast, By Country
    11.5.1 China        
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Sweeteners Market Analysis and Forecast (2023-2030)
    12.1 Introduction
    12.2 Latin America Sweeteners Market Share Analysis, By Type
    12.3 Latin America Sweeteners Market Size and Forecast, By Form
    12.4 Latin America Sweeteners Market Size and Forecast, By Application 
    12.4 Latin America Sweeteners Market Size and Forecast, Country
    12.5.1. Brazil
    12.5.2. Rest of Latin America
    13 Middle East Sweeteners Market Analysis and Forecast (2023-2030)
    13.1 Introduction
    13.2 Middle East Sweeteners Market Share Analysis, By Type
    13.3 Middle East Sweeteners Market Size and Forecast, By Form
    13.4 Middle East Sweeteners Market Size and Forecast, By Application 
    13.5 Middle East Sweeteners Market Size and Forecast, By Country
    13.5.1. Saudi Arabia
    13.5.2. UAE
    13.5.3. Egypt
    13.5.4. Kuwait
    13.5.5. South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Foodchem International Corporation
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 PureCircle
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 ADM
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Ingredion
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Tate & Lyle
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Cargill, Inc
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Roquette Frères 
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies        
    15.8 Pyure Brands LLC
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Beeyond the Hive
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Dabur India Ltd
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies