Artificial Sweeteners Market

GMI Research analysis indicates that the Artificial Sweeteners Market size was estimated at USD 8.2 billion in 2022 and is slated to register a single digit CAGR of 3.9% over the forecast period, and is projected to reach USD 11.2 billion in 2030

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Artificial Sweeteners Market Drivers

The global artificial sweeteners market is becoming more mainstream thanks to the expanding consumer awareness regarding the benefits offered by the artificial sweetener, followed by the high demand for low-calorie food products at the global level. Simultaneously, the accelerating number of diseases, including diabetes, obesity, heart diseases, among others is further expected to increase the demand for artificial sweeteners among consumers. Additionally, change in the consumption pattern towards healthier food options of consumers is supporting the market growth. Moreover, companies are focusing to manufactures sugar free food products such as baked foods, sauces, jellies, candies and yogurt to cater to the growing demand for low calories food products.

The accelerating adoption of artificial sweeteners in numerous end-user industries is further energizing the market growth in the coming years. With the coming of COVID-19 pandemic, the sales of artificial sweeteners witness a upsurge as the consumers are widely adopting healthier diet patterns and focusing on improving their immunity system to fight with the disease. On the other edge, the emerging safety concerns regarding artificial sweeteners and allergic reactions among consumers are the significant factors that will have a negative impact on the market in the coming years.

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Product Type – Segment Analysis:

Based on the product type, the Aspartame type segment is expected to witness a higher CAGR over the forecast period. The aspartame artificial sweetener is considered as a high-intensity sweetener and used in various food & beverage products, such as bakery products and other products. Furthermore, the demand for the segment is accelerating attributed to the strong demand for high-intensity sweeteners in soft drink and confectionery applications. The remarkable advantages offered by the sweetener, including cost-effective and much sweeter as compared to the sugar cubes, are some factors responsible for driving the demand of the segment. The leading producers in artificial sweeteners market are intending to target pharmaceutical manufacturers to cater to the increasing demand for aspartame as a flavoring and sweetening agent in medicines, which is forecast to bolster the segment’s growth.

Form – Segment Analysis

On the basis of form, the global artificial sweeteners market is segmented into solid, liquid, and powder. Among these, the liquid form is anticipated to grow at a higher CAGR over the forecast period. The liquid form of sweetener is widely used in various products owing to its property of getting easily mixed with the ingredients.

Application – Segment Analysis

Based on the application, the beverages segment is expected to witness a higher CAGR over the forecast period. As consumers are more concerned about their health, the demand for low sugar beverages options will increase. Artificial sweeteners, such as aspartame, acesulfame-K, and sucralose, are the major substitutes of sugar which are mostly used in soft drinks. All these factors are propelling the demand of the segment in the market. The ability of artificial sweeteners to reduce the amount of sugar without changing the taste and appearance of beverages is encouraging the beverage manufacturers to opt for these sweeteners to capture the changing demand of the target customers. The growing prominence of low calorie ready to drink beverages owing to the rising working population will bolster the market growth. In July 2021, PepsiCo declared to decrease sugar content by 25% in sodas and iced tea beverage portfolios across the EU by 2025. The introduction of products with less sugar content will help the company to catch the attention of health-conscious consumers in the region.

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Regional – Segment Analysis:

Asia-pacific Region is projected to illustrate a higher CAGR during the forecast period. This is attributed to the increasing consumer awareness regarding the adverse side-effects of consuming sugar-based products and the strong demand for healthier food options among the young population in this region. Furthermore, the increasing disposable income along with the changing lifestyle of consumers, will further drive the artificial sweeteners market in countries such as India and China. The rapid urbanization is giving a boost to the food and beverage industry, thereby indirectly surging the market growth in this region.

North America is expected to witness a strong growth over the forecast period, owing to the rising incidences of diabetes. For example, as per the U.S. CDC’s National Diabetes Statistics Report for 2020, the overall number of diabetes cases have exceeded 34 million. The growing health awareness among consumers is fueling the consumption of zero-calorie and low-calorie foods, fueling the regional growth.

Top Market Players

Various notable players operating in the market include Nestle S.A., Tate & Lyle, Wilmar International ltd, Ingredion Incorporated, Dupont, Cargill Inc., Associated British Foods, ADM Company, Ajinomoto Corporation, Roquette Frères, and Raizen S.A., among others.

Key Developments:

• • In 2021, Tate & Lyle decided to extend their partnership with Codexis to improve the production of Tate & Lyle’s newest sweetener: Tasteva M Stevia Sweetener.
  • In 2021, AnalytiCon Discovery merged with Roquette to invest in R&D to develop Brazzein, a protein sweetener organically produced in berries available by the name of Pentadiplandra found in Africa, was successful.

Segments covered in the Report:

The global Artificial Sweeteners market has been segmented on the basis of product type, form, application, and regions. Based on product type, the market is segmented into aspartame, Acesulfame-K, saccharin, sucralose, and neotame. Based on application, the market is segmented into bakery goods, confectionery & chewing gums, sweet spreads, beverages, dairy products, and others. Based on form, the market is segmented into liquid, powder and solid.

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Market Segmentation:

Global Artificial Sweeteners Market by Product Type

• • Acesulfame-K
  • Aspartame
  • Saccharin
  • Sucralose
  • Neotame

Global Artificial Sweeteners Market by Application

• • Bakery Goods
  • Confectionery & Chewing Gums
  • Sweet Spreads
  • Beverages
  • Dairy Products
  • Others

Global Artificial Sweeteners Market by Form

• • Liquid
  • Powder
  • Solid

Global Artificial Sweeteners Market by Region

• • North America Artificial Sweeteners Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • By Form
    • United States of America (US) Market All-Up
    • Canada Market All-Up

  • Europe Artificial Sweeteners Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • By Form
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Artificial Sweeteners Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • By Form
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Artificial Sweeteners Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • By Form
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Artificial Sweeteners (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nestle S.A.
  • Tate & Lyle
  • Wilmar International Limited
  • Ingredion Incorporated
  • Dupont
  • Cargill Inc.
  • Associated British Foods
  • ADM Company
  • Ajinomoto Corporation
  • Roquette Frères
  • Raizen S.A.