IMARC Group, a leading market research company, has recently releases report titled “Natural Sweeteners Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global natural sweeteners market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Natural Sweeteners
Natural sweeteners are substances derived from plants or fruits that add flavor to food and beverages (F&B) without using refined sugars. They have a low glycemic index that can help regulate blood sugar levels better than refined sugars. They are fortified with vitamins, minerals, and antioxidants, adding nutritional benefits. They are available in distinct flavor profiles, which include fruity, herbal, and caramel. They are widely used in salad dressings, barbecue sauces, marinades, ice creams, yogurts, and dessert recipes. Besides this, they are also incorporated into dietary supplements, protein bars, and health-conscious products.
How Big Is the Natural Sweeteners Market?
The global natural sweeteners market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
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What are the growth prospects and trends in the natural sweeteners industry?
The rising awareness among individuals about health and wellness represents one of the primary factors facilitating the market growth. Additionally, the increasing prevalence of diabetes and obesity is encouraging people to adopt a healthy dietary pattern, which, in turn, is driving the demand for natural sweeteners. Along with this, the escalating demand for clean labels and natural ingredients in the F&B industry is another significant factor contributing to the market growth.
Natural sweeteners derived from sources, such as stevia, monk fruit, and honey align perfectly with this clean-label trend. Apart from this, the governing bodies and health organizations are also taking proactive measures to combat the sugar epidemic. They are imposing taxes and regulations on sugar content in various edibles and beverages, which is propelling manufacturers to seek alternatives like natural sweeteners to comply with these regulations. Furthermore, the rising adoption of veganism and vegetarianism is driving the demand for natural sweeteners.
Moreover, continuous innovations in extraction and purification techniques are improving the taste profiles of natural sweeteners and attracting a wider consumer base. Besides this, various manufacturers are continually exploring novel sources of natural sweeteners, such as the lesser-known yacon syrup and lupin honey, to cater to diverse consumer preferences. Additionally, they are investing in research and development (R&D) activities to improve the functionality of natural sweeteners.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Stevia
- Sorbitol
- Xylitol
- Mannitol
- Erythritol
- Sweet Proteins
- Others
Breakup by Form:
- Liquid
- Powder
- Solid and Crystals
Breakup by Distribution Channel:
- Business-To-Customer (B2C)
- Business To Business (B2B)
Breakup by Application:
- Bakery Products
- Confectioneries and Gums
- Spreads
- Beverages
- Dairy Products
- Frozen Desserts
- Tabletop Sweeteners
- Pharmaceutical Products
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Archer-Daniels-Midland Company, Cargill Incorporated, FoodChem International Corporation, GLG Life Tech Corporation, Herboveda India, Ingredion Incorporated, Morita Kagaku Kogyo Co. Ltd, PureCircle Ltd, Pyure Brands LLC, Roquette Frères, Sweetly Stevia USA and Tate & Lyle PLC.
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