Natural sweeteners provide a sweet taste to food and beverages. They are widely used as an alternative to the artificial sweeteners. These sweeteners are widely used by aging and geriatric population, especially when they are following diets and exercise. Moreover, agave sugar is one of the most popular natural sweeteners. It is mainly derived from agave syrup, which comes from the agave plant. It contains a huge variety of nutrients that provides various health benefits.
The global natural sweeteners market is expected to reach USD 2,529.3 million by 2025 at a CAGR of 6.7%.
The global natural sweeteners market is segmented into product type, application, end-users, and region.
Based on the product type, the market is segmented into high intensity and low intensity. The high intensity product is further segmented into xylitol, erythritol, and others. Whereas, the low intensity product is sub-segmented into stevia. The high-intensity natural sweeteners are estimated to be one of the top selling products in the market due to growing awareness and its increasing usage in dietary foods. For instance, erythritol contains fewer calories and does not affect blood sugar or insulin level of patients; thus, it is extensively preferred by the consumers.
Based on the application, the market is segmented into bakery goods, confectionery and chewing gums, beverages, dairy products, and others. The beverages application is expected to drive the market at a CAGR of 7.0% during the review period on account of growing demand for natural products is likely to switch the beverages companies to natural low-calorie sweeteners.
Based on the end-user, the market is segmented into food & beverages, pharmaceuticals, and others. The food & beverages industry is the major contributor to the market growth owing to a number of applications of the sweeteners such as stevia and erythritol is used in this industry.
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Geographically, the global natural sweeteners market is segmented into North America, Europe, Asia Pacific (APAC), and Latin America and the Middle East & Africa (LAMEA).
APAC is estimated to hold the major market share owing to the increasing aging population and rising demand for natural sweeteners due to increasing awareness among consumers.
North America is expected to emerge as the second leading region in the global market position, which is then followed by Europe. High-intensity sweeteners are expected to dominate the markets of these regions owing to increasing awareness and presence of diabetic population.
Tate & Lyle (U.K), MacAndrews & Forbes (U.S.), Cargill (U.S.), Ajinomoto Co. (Japan), Symrise AG (Germany), Nestlé S.A. (Switzerland), Archer Daniels Midland Co. (U.S.), Wilmar International Ltd (Singapore), American Sugar Refining Inc. (U.S.), Associated British Foods PLC (U.K), and Ingredion Incorporated (U.S.)
Natural Sweeteners Market Segmentation
By Product Type
- High Intensity
- Low Intensity
- Bakery Goods
- Confectionery and Chewing Gums
- Dairy Products
- Food and Beverages
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America Middle East and Africa (LAMEA)
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa