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Home » Shop » Natural Sweeteners Market Analysis and Global Forecast (2020-2028) with COVID Impact Analysis
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Natural Sweeteners Market Analysis and Global Forecast (2020-2028) with COVID Impact Analysis

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Natural Sweeteners Market By Type (Stevia, Sorbitol, Sweet proteins, Others), By Application (Bakery products, Spreads, Beverages, Others), By End-use sector (Food & Beverages, Pharmaceutical, Direct sales, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

Report Code: EB_F&B_288| Page: 176 | Published Date: March 2021

Categories: Food & Beverage, Food Ingredient
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Description

The global natural sweeteners market size is projected to reach approximately USD 17 billion by 2030, at a CAGR of 5.9% from 2022 to 2030. 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.

COVID-19 Impact Analysis

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.

Market Dynamics

The market is being driven by Rising awareness for healthy food and beverage, mainly in emerging and impoverished nations, due to their naturally sweetening qualities and low-calorie. However, concerns such as ambiguity about health difficulties caused by the excessive use of natural sweeteners are delaying the growth of the natural sweeteners industry.

Drivers

  • Rising the Awareness for Healthy Food and Beverage

Owing to the new product launches and rising awareness regarding preventive healthcare substitutes, consumers are progressively getting aware of their nutritional needs. Hence, with rising health consciousness, consumers are now shifting towards healthier choices concerning the consumption of various food & beverage products. Recent consumer trends include a demand for reduced sugar, low-calorie,  and all-natural & organic ingredient-based products, owing to the several health benefits offered and growing incidences of chronic diseases across the globe as a result of unhealthier dietary routines.

Restraint:

  • The high price of Natural Sweeteners

The raw materials essential for the production of artificial sweeteners can e easily procured as compared to that natural sweeteners. The costs of these natural raw materials are generally more than the chemicals required to manufacture artificial sweeteners. Also, the processing of artificial sweeteners consumes minor effort and time than that of natural sweeteners. Natural sweeteners have to undergo several tests and trials and labeling norms and rules to be labeled as natural sweeteners. All these factors acquisitively add up to the costs of production, ultimately foremost to add up in the cost price. Thus, natural sweeteners are the finest priced as compared to artificial sweeteners. This may possess a challenge to the growth of the natural sweeteners market.

Opportunity:

  • Increasing Research and Development activities

The positive research and developments in the sweetener market for the production of harmless and better products to cater to the growing demand of consumers for safe, health-benefiting products would generate a huge growth opportunity for the sweeteners market, and Researchers are coming up with new ranges of natural sweetener products to meet the rising need of consumers for health-promoting goods.

Segment Overview

By Type

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.

By End-use sector

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.

By Application

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.

Global Natural Sweeteners Market Share, by Segmentation

Regional Analysis

The global natural sweeteners market has been segmented into four regions: North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to be the market leader in the adoption of natural sweeteners, followed by Europe and the Asia-Pacific region.

North America Market

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 Market

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.

Competitive Landscape

  • The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the world with varied product portfolios. Companies such as Nestle SA, Cargill, Inc., Ingredion Incorporated, Tate and Lyle PLC, Dupont, Symrise AG, Raizen S.A., Associated British Foods plc, Wilmar International Limited and Döhler GmbH dominate the global natural sweeteners market due to strategic developments and diversified regional presence. The players are adopting various strategies, such as product promotions, expansion, and partnerships, to strengthen their market position and capture a large customer base.

Prominent Players:

  • Nestle SA
  • Cargill, Inc
  • Ingredion Incorporated
  • Tate and Lyle PLC
  • Dupont
  • Symrise AG
  • Raizen S.A.
  • Associated British Foods plc
  • Wilmar International Limited
  • Döhler GmbH

Recent Development

In May 2021, Ingredion Incorporated has made a research & development alliance with Amyris for the development of sustainably sourced, nature-based sweeteners, zero-calorie, and potentially other types of fermentation-based food ingredients.

In June 2020, Sweegen declared its successful commercial production of Reb B (Bestevia Rebaudiosides). It is an extremely soluble stevia sweetener providing a good presentation in a range of applications, especially beverages.

Scope of the Report

Global Natural Sweeteners Market, by Type

  • Stevia
  • Sorbitol
  • Xylitol
  • Mannitol
  • Sweet protein
  • Erythritol

Global Natural Sweeteners Market, By End-use Sector

  • Food & Beverage
  • Direct sales
  • Pharmaceutical
  • others

Global Natural Sweeteners Market, By Application

  • Bakery products
  • Spreads,
  • Beverages
  • Dairy products
  • Frozen desserts
  • Pharmaceutical products
  • others

Global Natural Sweeteners Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World

 

Parameters Indicators
Market Size 2030: $ 17 Billion
CAGR 5.9% CAGR (2022-2030)
Base year 2021
Forecast Period 2022-2032
Historical Data 2020
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Type, End-use Sector, Application
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors Nestle SA, Cargill, Inc., Ingredion Incorporated, Tate and Lyle PLC, Dupont, Symrise AG, Raizen S.A., Associated British Foods plc, Wilmar International Limited, and Döhler GmbH
Key Market Opportunities Increasing Research and Development activities
Key Market Drivers Rising the Awareness for Healthy Food and Beverage

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future natural sweeteners market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Natural sweeteners market historical market size for the year 2020, and forecast from 2021 to 2032
  • Natural sweeteners market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global natural sweeteners market affected by the pandemic
  • To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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    Frequently Asked Questions (FAQ)

    1. What is the study period of this market?
      • The study period of the global natural sweeteners market is 2020 – 2032
    2. What is the growth rate of the global natural sweeteners protein market?
      • The global natural sweeteners market is growing at a CAGR of ~ 7% over the next 7 years
    3. Which region has the highest growth rate in the global natural sweeteners market?
      • Asia Pacific is expected to register the highest CAGR during 2022 – 2032
    4. Which region has the largest share in the global natural sweeteners market?
      • North America holds the largest share in 2021
    5. Who are the key players in the global natural sweeteners market?
    6. Nestle SA, Cargill, Inc., Ingredion Incorporated, Tate and Lyle PLC, Dupont, Symrise AG, Raizen S.A., Associated British Foods plc, Wilmar International Limited, and Döhler GmbH.
    7. Do you offer Post Sale Support?
      • Yes we offer 16 hours of analyst support to solve the queries
    8. Do you sell particular sections of a report?
      • Yes, we provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.
    Table of Content

    Table of Content

    Chapter 1.   Executive Summary

     

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

     

    Chapter 3.   Evolve BI Methodology

     

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Impact of COVID-19 on Natural Sweeteners Market

                                   4.3.1.   Impact on Market Size

                                   4.3.2.   End User Trend, Preferences and Budget Impact

                                   4.3.3.   Regulatory Framework/Government Policies

                                   4.3.4.   Key Players Strategy to Tackle Negative Impact

                                   4.3.5.   Opportunity Window

     

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DRO Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

     

    Chapter 6.   Global Natural Sweeteners Market, By Type

                         6.1.   Introduction

                         6.2.    Stevia

                         6.3.    Sorbitol

                         6.4.    Sweet proteins

                         6.5.    Others

    Chapter 7.   Global Natural Sweeteners Market, By Application

                         7.1.   Introduction

                         7.2.   Bakery products

                         7.3.   Spreads

                         7.4.   Beverages

                         7.5.   Others

     

    Chapter 8.   Global Natural Sweeteners Market, By End-use sector

                         8.1.   Introduction

                         8.2.   Food & Beverages

                         8.3.   Pharmaceutical

                         8.4.   Direct sales

                         8.5.   Others

    Chapter 9.   Global Natural Sweeteners Market, By Region

                         9.1.   Introduction

                         9.2.   North America

                                   9.2.1.   Introduction

                                   9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.2.3.   Market Size and Forecast, By Country, 2020 - 2026

                                   9.2.4.   Market Size and Forecast, By Type, 2020 - 2026

                                   9.2.5.   Market Size and Forecast, By Application, 2020 – 2026

                                   9.2.6.   Market Size and Forecast, By End-use sector, 2020 – 2026

                                   9.2.7.   US

                                                  9.2.7.1.   Introduction

                                                  9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.2.7.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.2.7.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.2.7.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.2.8.   Canada

                                                  9.2.8.1.   Introduction

                                                  9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.2.8.4.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.2.8.5.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.2.8.6.   Market Size and Forecast, By End-use sector, 2020 - 2026

                         9.3.   Europe

                                   9.3.1.   Introduction

                                   9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.3.3.   Market Size and Forecast, By Country, 2020 - 2026

                                   9.3.4.   Market Size and Forecast, By Type, 2020 - 2026

                                   9.3.5.   Market Size and Forecast, By Application, 2020 – 2026

                                   9.3.6.   Market Size and Forecast, By End-use sector, 2020 – 2026

                                   9.3.7.   Germany

                                                  9.3.7.1.   Introduction

                                                  9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.7.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.3.7.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.3.7.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.3.8.   France

                                                  9.3.8.1.   Introduction

                                                  9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.8.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.3.8.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.3.8.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.3.9.   UK

                                                  9.3.9.1.   Introduction

                                                  9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.9.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.3.9.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.3.9.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.3.10.   Italy

                                                  9.3.10.1.   Introduction

                                                  9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.10.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.3.10.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.3.10.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.3.11.   Rest Of Europe

                                                  9.3.11.1.   Introduction

                                                  9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.11.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.3.11.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.3.11.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                         9.4.   Asia-Pacific

                                   9.4.1.   Introduction

                                   9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.4.3.   Market Size and Forecast, By Country, 2020 - 2026

                                   9.4.4.   Market Size and Forecast, By Type, 2020 - 2026

                                   9.4.5.   Market Size and Forecast, By Application, 2020 – 2026

                                   9.4.7.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.4.8.   China

                                                  9.4.8.1.   Introduction

                                                  9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.8.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.4.8.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.4.8.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.4.9.   India

                                                  9.4.9.1.   Introduction

                                                  9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.9.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.4.9.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.4.9.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.4.10.   Japan

                                                  9.4.10.1.   Introduction

                                                  9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.10.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.4.10.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.4.10.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.4.11.   South Korea

                                                  9.4.11.1.   Introduction

                                                  9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.11.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.4.11.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.4.11.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.4.12.   Rest Of Asia-Pacific

                                                  9.4.11.1.   Introduction

                                                  9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.12.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.4.12.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.4.12.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                         9.5.   Rest Of The World (RoW)

                                   9.5.1.   Introduction

                                   9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.5.3.   Market Size and Forecast, By Type, 2020 - 2026

                                   9.5.4.   Market Size and Forecast, By Application, 2020 – 2026

                                   9.5.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.5.6.   Market Size and Forecast, By Region, 2020 - 2026

                                   9.5.7.   South America

                                                  9.5.7.1.   Introduction

                                                  9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.5.7.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.5.7.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.5.7.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

                                   9.5.8.   Middle East & Africa

                                                  9.5.8.1.   Introduction

                                                  9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.5.8.3.   Market Size and Forecast, By Type, 2020 - 2026

                                                  9.5.8.4.   Market Size and Forecast, By Application, 2020 – 2026

                                                  9.5.8.5.   Market Size and Forecast, By End-use sector, 2020 - 2026

     

    Chapter 10.   Competitive Landscape

                         10.1.   Introduction

                         10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

     

    Chapter 11.   Company Profiles

                         11.1.   DuPont

                                   11.1.1.   Business Overview

                                   11.1.2.   Financial Analysis

                                   11.1.3.   Product Portfolio

                                   11.1.4.   Recent Development and Strategies Adopted

                                   11.1.5.   SWOT Analysis

                         11.2.   ADM

                                   11.2.1.   Business Overview

                                   11.2.2.   Financial Analysis

                                   11.2.3.   Product Portfolio

                                   11.2.4.   Recent Development and Strategies Adopted

                                   11.2.5.   SWOT Analysis

                         11.3.   Tate & Lyle PLC

                                   11.3.1.   Business Overview

                                   11.3.2.   Financial Analysis

                                   11.3.3.   Product Portfolio

                                   11.3.4.   Recent Development and Strategies Adopted

                                   11.3.5.   SWOT Analysis

                         11.4.   Cargill

                                   11.4.1.   Business Overview

                                   11.4.2.   Financial Analysis

                                   11.4.3.   Product Portfolio

                                   11.4.4.   Recent Development and Strategies Adopted

                                   11.4.5.   SWOT Analysis

                         11.5.   Roquette Frères

                                   11.5.1.   Business Overview

                                   11.5.2.   Financial Analysis

                                   11.5.3.   Product Portfolio

                                   11.5.4.   Recent Development and Strategies Adopted

                                   11.5.5.   SWOT Analysis

                         11.6.   PureCircle Ltd

                                   11.6.1.   Business Overview

                                   11.6.2.   Financial Analysis

                                   11.6.3.   Product Portfolio

                                   11.6.4.   Recent Development and Strategies Adopted

                                   11.6.5.   SWOT Analysis

                         11.7.   Stevia Hub India

                                   11.7.1.   Business Overview

                                   11.7.2.   Financial Analysis

                                   11.7.3.   Product Portfolio

                                   11.7.4.   Recent Development and Strategies Adopted

                                   11.7.5.   SWOT Analysis

                         11.8.   The Real Stevia Company

                                   11.8.1.   Business Overview

                                   11.8.2.   Financial Analysis

                                   11.8.3.   Product Portfolio

                                   11.8.4.   Recent Development and Strategies Adopted

                                   11.8.5.   SWOT Analysis

                         11.9.   Sweetly Stevia USA

                                   11.9.1.   Business Overview

                                   11.9.2.   Financial Analysis

                                   11.9.3.   Product Portfolio

                                   11.9.4.   Recent Development and Strategies Adopted

                                   11.9.5.   SWOT Analysis

                         11.10.   Hearthside Food Solutions LLC 

                                   11.10.1.   Business Overview

                                   11.10.2.   Financial Analysis

                                   11.10.3.   Product Portfolio

                                   11.9.4.   Recent Development and Strategies Adopted

                                   11.9.5.   SWOT Analysis

     

    Chapter 12.   Key Takeaways

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