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The food sweetener market share is expected to accelerate at a CAGR of 3.65% and reach an estimated value of USD 1.79 billion from 2021 to 2026.
This food sweetener market research report extensively covers market segmentation by type (high-intensity sweeteners and low-intensity sweeteners) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The food sweetener market report also offers information on several market vendors, including Ajinomoto Co. Inc., Archer Daniels Midland Co., Cargill Inc., Celanese Corp., DuPont de Nemours Inc., Ecogreen Oleochemicals PTE Ltd., FoodChem International Corp., Fooditive B.V., GLG Life Tech Corp., Ingredion Inc., Kerry Group Plc, NutraSweet Co., PureCircle Ltd., Pyure Brands LLC, Roquette Freres SA, Sagana Association, Stevia Hub India, Süddeutsche Zuckerrübenverwertungs Co., Suminter India Organics, Tate and Lyle Plc, Tereos Group, WB Sweetners LLC., and XiliNat among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The multiple applications of sugar substitutes is notably driving the food sweetener market growth, although factors such as stringent food safety regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food sweetener industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Food Sweetener Market Driver
Key Food Sweetener Market Trend
Key Food Sweetener Market Challenge
This food sweetener market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global food sweetener market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food sweetener market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the food sweetener market encompasses successful business strategies deployed by the key vendors. The food sweetener market is fragmented and the vendors are deploying growth strategies such as pricing strategies to compete in the market.
Nestle SA - The company offers ready-to-eat food product brands such as Maggi, THOMY, and Herta.
XiliNat - The company offers sensor patch products under the brand name of G6 CGM.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The food sweetener market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the food sweetener market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for food sweetener in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC and MEA regions.
Economic development and favorable consumption patterns in the region will facilitate the food sweetener market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The food sweetener market in the region was disrupted by the rapid transmission of the COVID-19 outbreak and associated lockdowns that were imposed in 2020. This may reduce the sale of food sweeteners, despite the high demand, which may hamper the growth of the food sweeteners market in the packaged food industry in North America during the forecast period. However, in 2021, packaged food companies resumed their operations while following social distancing measures. This will drive the market for food sweeteners across the region during the forecast period.
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The food sweetener market share growth by the high-intensity sweeteners segment will be significant during the forecast period. The demand for high-intensity food sweeteners is gradually decreasing due to health problems associated with their continuous consumption. The excessive use of high-intensity food sweeteners leads to metabolic syndrome and hypertension, which may negatively impact the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the food sweetener market size and actionable market insights on post COVID-19 impact on each segment.
Mexico Food Sweetener market - The market share is expected to increase to USD 84.21 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.65%.
Sweetener market - Technavio's market research analysis on the sweetener market predicts that this market will grow at a CAGR of more than 5% by 2021.
Food Sweetener Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.65% |
Market growth 2022-2026 |
$ 1.79 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.77 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ajinomoto Co. Inc., Archer Daniels Midland Co., Cargill Inc., Celanese Corp., DuPont de Nemours Inc., Ecogreen Oleochemicals PTE Ltd., FoodChem International Corp., Fooditive B.V., GLG Life Tech Corp., Ingredion Inc., Kerry Group Plc, NutraSweet Co., PureCircle Ltd., Pyure Brands LLC, Roquette Freres SA, Sagana Association, Stevia Hub India, Süddeutsche Zuckerrübenverwertungs Co., Suminter India Organics , Tate and Lyle Plc, Tereos Group, WB Sweetners LLC., and XiliNat |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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