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FOOD SWEETENER MARKET ANALYSIS

Food Sweetener Market, By Type (Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, and High Intensity Sweeteners (HIS), By Application (Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and Meat Products, Soups, Sauces, and Dressings, and Other Applications), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jul 2024
  • Code : CMI5289
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Food Ingredients

Regional Analysis

Food Sweetener Market Regional insights

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North America has been the dominant region in the global food sweetener market for the past few decades. The region is expected to account for 40.3% of the market share in 2024. Led by the U.S., the food sweetener market enjoys strong industry presence of major players like Archer Daniels Midland, Cargill, Tate & Lyle, and Roquette. These players have established extensive production and distribution networks across the region to cater to the sizable domestic demand. The North American culinary culture is heavily inclined towards using various sweeteners in both savory and sweet food preparations. This ingrained consumer preference for sweetened food items and beverages has ensured steady demand. Additionally, North America is also a key exporter of certain types of sweeteners like high fructose corn syrup (HFCS) and crystalline fructose. The pricing in the region is generally stable due to absence of major fluctuations in raw material costs and availability of domestic agri-commodities used in production.

The Asia Pacific region has emerged as the fastest growing market for food sweeteners globally in recent years. China and India are at the forefront of this growth and increasingly contributing significantly to the market size in Asia Pacific. Rapid urbanization, rising disposable incomes, and growing health consciousness among consumers have been driving the demand for low calorie sweeteners in the region. The food sweetener market has also attracted major investments from international players looking to tap into the vast opportunities in this densely populated region. Moreover, the presence of suitable agro-climatic conditions allows for the domestic production of key feedstocks in many South East Asian nations. This has augmented regional self-sufficiency and trade within Asia Pacific while also making the region an important exporter of certain sweeteners to global markets. With economic growth projected to continue in the coming years, the Asia Pacific market will likely sustain its momentum as the fastest growing and increasingly important market for the global food sweetener industry.

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