The global Natural Sweeteners Market was valued at US$ 3.43 Billion in 2022, according to the global natural sweeteners market report, by Type (Stevia, Xylitol, Sorbitol, Erythritol, Mannitol, Sweet Proteins, and Others), by End-use Industry (Food & Beverages, Pharmaceuticals, Personal Care, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), as published by Coherent Market Insights.
Global natural sweeteners market is expected to surpass US$ 4.63 Billion by 2030 and exhibit a CAGR of 3.82% during the forecast period (2023-2030). Global natural sweeteners market is expanding, as a result of soaring demand for natural sweeteners to overcome the health issues related to diabetic. Natural sweeteners is widely used as a food additive and flavoring agent across the food & beverages industry.
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Browse 30 market data tables* and 24 figures* on "Global Natural sweeteners Market” - Forecast to 2030.
Key Trends and Analysis of the Global Natural Sweeteners Market:
- Natural sweeteners are used in the preparation of chocolates, ice creams, jams, sweets, soft drinks, cakes, juices, chewing gums, cake, and others. In pharmaceutical industry, natural sweeteners are used in pills, oral preparations, tablets, and lozenges to reduce the bitter taste of the drugs. Thus, growing demand for natural sweeteners in pharmaceutical sector is expected to propel the global natural sweeteners growth. However, some side effects of consuming natural sweeteners, such as stevia, is hindering the global market growth. The high consumption of stevia causes kidney damage, low blood sugar, and nausea. Moreover, high consumption can results in tooth decay, poor nutrition, weight gain, and others, and this can limit the global market growth.
- Natural sweeteners market was valued at 3.43 Billion in 2022 and is expected to exhibit a significant CAGR of 5.6% during the forecast period. Rising preference for healthy lifestyle is likely to drive growth of the global natural sweeteners market in emerging nations.
Key Players
Key Takeaways of the Market:
- Natural sweeteners are substitutes for refined sugar and is widely considered as a healthier option. It comprises less calories and low carbohydrates that maintains blood sugar level in human body. Thus, consumers are preferring for the health-conscious alternative of sugar and this is expected to create lucrative opportunity among the global natural sweeteners market players. Major diseases such as obesity, diabetes, heart disease, high blood pressure, and others are caused due to overconsumption of sugar in daily routine. Thus, rising awareness regarding healthy lifestyle is boosting demand for natural sweeteners throughout the globe. Moreover, it contains minerals, antioxidants, and vitamins in small extent. The commonly found natural sweeteners are dates, coconut sugar, molasses, honey, maple syrup, and others.
- Major players operating in the global Natural sweeteners market include Tate & Lyle, Sunwin Stevia International, Roquette Frères, GLG Lifetech, Cargill, Inc, Archer Daniels Midland Co., Wilmar International Ltd., Ingredion Incorporated, Ajinomoto Co., Inc., and PureCircle.
- For instance, on January 13, 2021, Tate & Lyle and Codexis deepened and extended their relationship to improve the production of two innovated sweeteners named as TASTEVA M stevia sweetener and DOLCIA PRIMA Allulose. Morever, Codexis, Inc.is one of the leading protein engineering companies which offers bio-solutions that are beneficial for environmental and human health. On the other hand, Tate & Lyle is one of global suppliers of food and beverages ingredients across the industrial markets. This company was founded in 1921 and headquartered at London, U.K.
Global Natural sweeteners Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 outbreak has majorly impacted the global natural sweeteners market, owing to the strict lockdown and stringent regulations, followed by the government, and thus there was decrease in demand for natural sweeteners across the food & beverages industry. Morever, production process of natural sweeteners is disrupted due to social distancing and lack of manpower. However, some natural sweeteners that are used for the treatment of diabetes, cardiovascular diseases, and obesity, among others, is likely to increase demand for natural sweeteners during forecast period. Moreover, the use of natural sweetener in chemical and tissue engineering is likely to experience significant demand for natural sweeteners during the forecast period.
