As per the report published by Fior Markets, the global natural sweeteners market is expected to grow from USD 1,324.6 Billion in 2018 to USD 2,689.30 Billion by 2026 at a CAGR of 9.3% during the forecast period from 2019-2026.Asia- Pacific is dominating the market as natural sweeteners are being used on a large scale in various Asian food products such as flavored pastes, sauces, pickles, etc. Also, changing lifestyle pattern in the region is leading towards the increasing use of stevia. Moreover, with the growing number of diabetic patients, especially in India and China, the demand for sugar alternatives has increased. China is also the largest source of high-intensity sweeteners.
Natural Sweeteners Market by Product Type (High Intensity, Low Intensity), Form (Solid, Liquid, Powder), End User (B2B, B2C), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019to 2026.
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Leading companies in the industry include American Sugar Refining, Inc., Roquette Frères, Ingredion Incorporated, Wilmar International Limited, Associated British Foods PLC, Nestlé S.A., Symrise AG, Archer Daniels Midland Companyamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in June 2015, Monk Fruit Corp, a Chinese based company, announced to double its capacity in order to meet demand from naturally derived fruit sweeteners. They are the leading company for monk fruit production & processing with an estimated market share of close to 70% in food & beverages applications.
The product type segment is classified high intensity and low intensity. The high intensity segment is dominating the market and valued around USD 810.65 Billion in 2018 due to rising consciousness and its increasing usage in dietary foods. For instance, erythritol contains fewer calories and does not affect blood sugar or insulin level of patients; thus, it is extensively preferred by the consumers.The end-user segment is divided into segments such as B2B and B2C. The B2B segment is dominating the market with the highest share of 59.70% in 2018. The segment is largely dominated by food and beverage industry as they find their application in sweeteners such as stevia and erythritol is used in this industry.Form segment includes solid, liquid and powder. Liquid natural sweeteners segment is dominating the natural sweeteners market and valued around USD 647.72 Billion in 2018 as they are widely available and preferable by consumers as they can directly be mixed and can be consumed.
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High consumption of food items across globe is one of the driving force. Also, increasing concerns towards increasing health problems such as obesity and diabetes coupled with sugar taxes in numerous countries is also fuelling the growth of market.But commercialization is limited as there is a difficulty in cultivating tropical plant sources of these proteins which mayhamper market growth. However,rising focus on clean label formulations will lead to growth of the market in forthcoming years may influence the market growth.
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