Natural sweeteners are substitutes for table sugar. Some of the key natural sweeteners are honey, maple syrup, agave nectar, brown rice syrup, and molasses, among others. It may include a small amount of fructose and some tiny amount of nutrients. Natural sweeteners play a crucial role in the life of the people suffering from the chronic diseases such as obesity and diabetes.
The global natural sweeteners market is expected to reach USD 2529.3 million by 2025 at a CAGR of 6.7%.
Geographically, the global natural sweeteners market is segmented into major four regions: North America, Europe, Asia Pacific (APAC), and Latin America and the Middle East & Africa (LAMEA).
APAC is expected to hold the lion share of the market owing to the increasing demand for different Asia food, such as flavored pastes, pickles, and sauces. Additionally, manufacturers are increasingly exploring the alternative sweeteners with low calorie content, without sacrificing the taste which is fueling the market growth in this region.
According to the World Health Organization (WHO) in 2015, over 60% of total diabetic population were present in this region.
North America is likely to continue witnessing an exponential growth owing to the improving standard of living and health conscious population. Furthermore, growing demand for low-calorie, sugar-free foods and beverages are fueling the market growth in this region.
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According to the World Health Organization (WHO) in 2015, 9.2% of total American population were suffering from diabetes. Additionally, according to Center of Disease Control and Prevention (CDC) in 2015–2016, 93.3 million of the U.S. population were suffering from obesity.
Some of the leading players in Europe are putting efforts into developing innovative, high quality, and cost-effective sugar substitute. Therefore, they are investing a huge sum into research and development of advanced technologies and new products. This increasing investment and surging demand for natural sweeteners are expected to drive the market growth exponentially during the forecast period, 2018–2025.
LAMEA is expected to have the steady growth owing to the poor economic condition and lack of awareness, especially in African countries. However, in the near future this region is expecting the healthy growth due to the presence of huge untapped opportunities. The Middle East dominates the market owing to well-developed economy, high expenditure, and continuously increasing diabetic population.
Some of the key players in the global natural sweeteners market are Tate & Lyle (U.K), MacAndrews & Forbes (U.S.), Cargill (U.S.), Ajinomoto Co. (Japan), Symrise AG (Germany), and 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
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