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Global Food Sweetener Market valued at USD 85.92 Billion in 2020

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Sheryl Dias
Global Food Sweetener Market valued at USD 85.92 Billion in 2020

The global food sweetener market size was valued at USD 85.92 Billion in 2020 and is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the resistance for using sugars owing to rising health problems like dental issues, diabetes, and obesity generated the demand for alternatives of sugar.


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Food sweetener is a substitute for sugar which gives sweet taste like sugar containing less food energy and fewer calories. Unhealthy eating habits and new living standards are influencing the health conditions of the people globally. The consumption of food sweetener is growing due to government regulations to decrease the consumption of sugar, consumer awareness, and application in various healthy food products in the market.


Market Trends, Drivers, Restraints, and Opportunities

  • Changing preference of health-conscious people towards healthier choices is estimated to drive the market in the coming years.
  • Rapid growth of the food & beverage industry is major factor boosting the market during the forecast period.
  • Growing demand for the food sweetening is expected to drive the market.
  • Side effects and health problems due to overconsumption of food sweetener can act as main challenge that can hinder the market growth.
  • R&D investment and activities to produce innovative and advanced food sweetener products is anticipated to offer significant opportunities for the market players.


Market Segment Insights:


The stevia segment is projected to account for a large market share

Based on product types, the global food sweetener market is segmented into high intensity sweeteners, starch sweeteners and sugar dextrose alcohols, and sucrose. High intensity sweeteners are further classified into neotame, sucralose, saccharin, stevia, aspartame, and other high intensity sweeteners. Starch sweeteners and sugar dextrose alcohols are segregated into sorbitol, high fructose corn syrup, maltodextrin, and other starch sweeteners and sugar alcohols.


The beverages segment is projected to hold a major market share

In terms of applications, the global food sweetener market is fragmented into meat and meat products, dairy and deserts, beverages, bakery and confectionary, soups, sauces, and dressings, and other applications. The beverages segment is expected to represent a key share of the market in the coming years due to high usage of food sweeteners in beverages including flavored water, diet carbonated drinks, and other beverages. Increasing demand for the beverage products is fueling the food sweetener market.


Asia Pacific is anticipated to dominate the market

On the basis of regions, the global food sweetener market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period.


Compititive Landscape

Key players competing in the global food sweetener market include Tate & Lyle PLC, Stevia Hub India, Pyure Brands LLC, Fooditive B.V., Cargill Incorporated, FoodChem International Corporation, The Real Stevia Company, Stevia Biotech Pvt. Ltd., and XiliNat. Some of these players are focusing on several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.


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