The Natural Sweeteners Market Is Estimated To Record a CAGR of Around 8.21% During The Forecast Period
Market Highlights
The Global Natural Sweeteners market is projected to be valued at USD 3.84 Billion by 2033, recording a CAGR of around 8.21% during the forecast period. Natural sweeteners are ingredients that provide a sweet taste in food and beverages. They are widely used as a substitute for artificial sweeteners and are also broadly used by the geriatric population and aging, especially when they are following bodybuilding and diets. Unlike nonnutritive sweeteners, natural sweeteners contain calories and nutrients, and are metabolized, and modified as they pass through the body. They include agave nectar, brown rice syrup, honey, maple syrup, molasses, date sugar, blackstrap molasses, sorghum syrup, and stevia.
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The global natural sweeteners market is impacted extremely due to the uncertain pandemic that occurred across the globe. The effects of COVID-19 impacted the supply chain of the end products, as well as raw material components. The North American region, followed by the Asia Pacific and the Europe region, plays a dynamic role in the natural sweeteners market due to the attentiveness of several key players operating from these regions. Hence, the market in terms of supply is anticipated to witness hindrances. However, regional consumption is predicted to witness a surge in the respective market itself, as consumers are increasingly focused on maintaining weight and following different diets for maintaining good health. All these factors are projected to drive the demand for natural sweeteners.
Segmental Analysis
The global Natural Sweeteners market has been segmented based on Type, Application, End-uses
Based on the type, the natural sweeteners market is segmented based on Stevia, Sorbitol, Xylitol, Mannitol, Sweet protein, and Erythritol. The stevia segment is expected to witness the fastest-growing market share during the forecast period. The sweet-tasting component of stevia is called steviol glycosides, which are indeed present in th stevia leaf. There are eleven key steviol glycosides present in stevia. These are the sweet components isolated and purified from the leaves of stevia. Additionally, stevia sweeteners do not include carbohydrates or calories in food and beverage
Based on the end-use sector, the natural sweeteners are segmented based on food & beverage, Direct sales, Pharmaceutical, and others. The food & beverage segment is anticipated to generate the major revenue share during the forecast years due to being largely used as sweetening agents in various food & beverage products, such as baked foods, fruit juices, and various confectionery products.
Based on the application, the natural sweeteners are segmented based on Bakery products, Spreads, Beverages, Dairy products, Frozen desserts, Pharmaceutical products, and others. The Beverage segment accounted for a major share of the global natural sweeteners market. Due to the use of sweetness in beverage products such as soft drinks, ready-to-drink, flavored water, and fruit juices.
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Regional Analysis
The Natural Sweeteners market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. Based on region, North America is projected to expand at a CAGR of 2.4% from 2022 to 2030. Several regional players are offering low-calorie food & beverages due to the increasing health consciousness among consumers. Moreover, the rising awareness about sugar alternatives that provide low or no calories is contributing to the growth of the market in North America. Europe holds the second-largest market share for natural sweeteners. The demand for sweeteners in this region will be driven by the widespread usage of sweeteners in alcoholic beverages. Asia Pacific is expected to have the highest CAGR over the forecast period owing to the exponentially increasing demand for natural sweeteners in the preparation of Asian food products, such as pastes, sauces, pickles, and others. Increasing the aging population and the inclination of consumers towards a healthy lifestyle is also anticipated to play a significant role in enhancing the growth of the natural sweeteners market of the region. The rising focus of consumers in countries like China, India, and Japan to stay fit and strong is also propelling the APAC regional market growth.
