Alternative Sweetener Market Size, Share, Opportunities, And Trends By Product Type (Sucralose, Aspartame, Saccharin, Acesulfame Potassium, Others), By Application (Food And Beverages (Bakery, Confectionery, Beverage, Dairy, Others), Pharmaceuticals, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Jun 2023
  • Report Code : KSI061615041
  • Pages : 120

Alternative sweetener market is estimated to be valued at US$9,146.945 million in 2021.

Alternative sweeteners or sugar substitutes are food additives that give sweetness similar to that of sugar but have a lot fewer calories than sugar-based sweeteners, making them zero-calorie or low-calorie. Alternative sweeteners may be derived through chemical synthesis or processing plant extracts. Commercial Alternative sweeteners come in a variety of forms, including packets, powders, or small tablets. A few examples of popular commercial Alternative sweeteners include sugar alcohol, aspartame, monk fruit, purified stevia leaf extract, Neotame, Saccharin, and Sucralose.

The consumer’s quality of life has significantly improved, mostly as a result of high personal income. The population's eating habits have changed significantly as a result of growing health consciousness among consumers. Also, businesses are putting a lot of effort into creating items made of healthy as well as specialist goods that enhance health. Therefore growing demand for low-caloric sweeteners is propelling the growth of the global market for Alternative sweeteners during the forecast period. The rising diabetic population is also spurring growth as Alternative sweeteners as they do not affect the blood sugar level of the consumer.

However, stringent rules and regulations by the government and high costs are obstructing the growth of the global market for alternative sweeteners during the analysis period.

During the anticipation period, the rising health consciousness among consumers and the growing prevalence of diabetes & obesity will support the growth of the global alternative sweetener market.

Alternative sweeteners in food applications can be used in bulk as well as on an individual level in place of sucrose or fructose. Due to this, Alternative sweeteners are beneficial substitutes for sugar in a variety of commodities, such as chewing gum, sweets, ice cream, baked goods, and fruit spreads. They also work nicely in yoghurt, fillings & frostings, canned fruit, and beverages. Moreover, they are used in mouthwashes, toothpaste, and pharmaceuticals including throat lozenges and cough syrups.

Sugar polyols have a positive impact on one’s health. In addition to their distinct functional qualities and clean, sweet flavour, polyols provide significant health advantages. They have fewer calories and do not raise blood sugar levels, which is a major benefit. Some sugar substitutes such as xylitol and sorbitol have anti-cavity properties and prevent tooth decay which makes them perfect for products such as toothpaste, mints and chewing gums. The prevalence of obesity, diabetes, and metabolic syndrome has increased, and this combined with increased consumer knowledge has resulted in the positive growth of Alternative sweeteners with lower calorific content. According to IDF, in 2021, 537 million individuals had diabetes. According to projections, this number will increase to 643 million by 2030 and 783 million by 2045. Type 2 diabetes is more likely to affect 541 million individuals. In 2021, diabetes claimed 6.7 million lives.

There is also a growing demand for sugar-free food and beverage products as consumers are moving towards healthier lifestyles and becoming more aware of their health. According to recent research by the Academy of Nutrition and Dietetics, customers have been purchasing more items over the past ten years that are prepared with artificial sweeteners rather than with sugar and high-fructose corn syrup in the United States. Therefore such consumer trends are spurring the growth of the Alternative sweetener market. Various companies are now launching sugar-free and low-caloric snacks and beverages using artificial sweeteners as a result of growing health consciousness which is expanding the market even further. For instance, in April 2023, Planet Bake's launched its product range of Grain-free, sugar-free, vegan doughnuts. The first product line from Planet Bake carefully chooses the healthiest, highest-quality, and most environmentally friendly ingredients without ever compromising taste or texture. Planet Bake’s doughnuts are made using allulose for a naturally sweet taste.

Moreover, in March 2023, HighKey, a low-sugar baked foods company launched a new sugar-free sandwich cookie with two crisp chocolate wafers enclosing a layer of vanilla crème. The company used Erythritol and Allulose as Alternative sweeteners.

Asia Pacific is anticipated to hold a significant global Alternative sweeteners market share during the forecast period.

Asia Pacific region is anticipated to hold a significant market share in Alternative sweeteners. This region will witness high growth during the forecast period owing to the growing health consciousness, increased urbanisation, and rising disposable income. Alternative sweeteners are in increasing demand in emerging economies like China and India. The market is expanding in this region due to factors such as changing eating patterns and growing demand for low-caloric food and beverages. Alternative sweeteners do not affect the blood sugar level and making them a great fit for diabetic patients. Therefore the rising prevalence of diabetes in countries such as India and China is propelling demand in this region. According to the statistics presented by the International Diabetes Federation, 8.3 per cent of Indian adults, or more than 74 million people, have diabetes in 2021. This number is expected to reach 124.8 million by 2045. 13 per cent of Chinese adults, or more than 140 million people, have diabetes in 2021. This number is expected to reach 174.4 million by 2045.  Also, the rise of new companies along with the existence of key market players in Asia Pacific countries is fueling demand. Prime markets in the Asia Pacific region are India, China, Japan, South Korea, Thailand, Taiwan and Indonesia.

Market Key Developments

  • In March 2022, Roquette, an industry leader in plant proteins and pharmaceutical excipients, spent €25 million or US$27.5 million in its Lestrem, France facility to increase production of liquid and powder polyols by 2024. The investment aims to provide a consistent flow of polyols.
  • In September 2022, researchers at the University of Florida Institute of Food and Agricultural Sciences discovered natural Alternative sweeteners in citrus that can be cultivated widely all over the world. This significant discovery may open up new opportunities for the food industry to produce foods and drinks with less added sugar while maintaining sweetness and flavour through natural ingredients.
  • In August 2022, researchers at the Indian Institute of Technology, Guwahati created an ultrasound-assisted fermentation process to turn bagasse, the leftovers from sugarcane crushing, into the safe sugar replacement "Xylitol." Officials claim that the new approach gets over the operational constraints of chemical synthesis processes and the time lags caused by traditional fermentation.

Alternative Sweetener Market Scope:

 

Report Metric Details
Market Size Value in 2021
US$9,146.945 million
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Million
Segments Covered Product Type, Application, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Cargill, Incorporated, Archer Daniels Midland Company, Heartland Food Products Group, Ajinomoto Co., Inc, PureCircle Ltd., Roquette Freres, Stevia First Corporation, Ingredion Inc., Tate and Lyle, International Flavours and Fragrance
Customization Scope Free report customization with purchase

 

Segmentation:

  • By Product Type
    • Sucralose
    • Aspartame
    • Saccharin
    • Acesulfame Potassium
    • Others
  • By Application
    • Food and Beverages
      • Bakery
      • Confectionery
      • Beverage
      • Dairy
      • Others
    • Pharmaceuticals
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Others
    • South America
      • Brazil
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Others
    • Middle East and Africa
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Alternative Sweetener Market was valued at US$9,146.945 million in 2021.
Prominent key market players in the alternative sweetener market include Cargill, Incorporated, Archer Daniels Midland Company, Heartland Food Products Group, Ajinomoto Co., Inc, and PureCircle Ltd., among others.
The alternative sweetener market has been segmented by product type, source, application, and geography.
The rising health consciousness among consumers and the growing prevalence of diabetes & obesity are key factors augmenting the alternative sweetener demand.
Asia Pacific is anticipated to hold a significant share of the alternative sweetener market owing to the growing health consciousness, increased urbanization, and rising disposable income.

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL ALTERNATIVE SWEETENER MARKET, BY PRODUCT TYPE

5.1. Introduction

5.2. Sucralose

5.3. Aspartame

5.4. Saccharin

5.5. Acesulfame Potassium

5.6. Others

6. GLOBAL ALTERNATIVE SWEETENER  MARKET, BY APPLICATION

6.1. Introduction

6.2. Food and Beverages

6.2.1. Bakery

6.2.2. Confectionery

6.2.3. Beverage

6.2.4. Dairy

6.2.5. Others

6.3. Pharmaceuticals

6.4. Others

7. GLOBAL ALTERNATIVE SWEETENER MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. The Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Cargill, Incorporated

9.2. Archer Daniels Midland Company

9.3. Heartland Food Products Group

9.4. Ajinomoto Co., Inc

9.5. PureCircle Ltd.

9.6. Roquette Freres

9.7. Stevia First Corporation

9.8. Ingredion Inc.

9.9. Tate and Lyle

9.10. International Flavours and Fragrance


Cargill, Incorporated

Archer Daniels Midland Company

Heartland Food Products Group

Ajinomoto Co., Inc

PureCircle Ltd.

Roquette Freres

Stevia First Corporation

Ingredion Inc.

Tate and Lyle

International Flavours and Fragrance