Artificial Sweetener Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Artificial Sweetener Market Analysis by Distribution Channel (Convenience Stores, supermarkets & Hypermarkets, Departmental Stores, And Others), By Type (Saccharin, Monosodium Glutamate, Aspartame, Acesulfame-k, And Sodium Benzoate), By Application (Dairy Products, Confectionery, bakery Items & Beverages) and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

 

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Description

Artificial sweetener market was valued at US$7.542 billion in the year 2019 and is anticipated to grow at US$9.318 billion recording CAGR of 3.59% during the forecast period

Artificial Sweetener Market Overview

Artificial sweeteners are called “Intense sweeteners” and are obtained from naturally occurring substances. It is the best alternative for sugar as it contains very less calorie intake. Artificial sweeteners are used in several process food materials like soft drinks, canned foods, yogurt, sauces, jellies, baked gods and dairy products. These products are propagated as sugar-free products. Artificial sweeteners are also called as food preservative and found in numerous products, which help to maintain sufficient calorie consumption.  Artificial sweetener market size is anticipated to record huge profits because of its huge use in frozen food, bakery, dairy and beverages manufacturing. They taste sweet and synthetically produced sugar, which consists of less calories hence maintaining blood sugar levels. Sweeteners including Saccharin, Neotameare, aspartame, Acesulfame K and Saccharin are used for their different features.

 

Artificial Sweetener Market Dynamics

It is anticipated that artificial sweetener market will reach USD 3 Billion till the end year of 2025. According to many kinds of research, there are several health advantages of artificial sweetener such as they come with zero calorie virtually as compared to one teaspoon of sugar consists of about 16 calories. People suffering from obesity prefer to opt for artificial sweetener. Many people who want to lose their weight prefer to have artificial sweetener as they are conscious about the sugar. All These things will drive the market growth. Artificial sweetener has an excellent shelf life rather than natural sweetener. It is the best food additive, which is also used in pharmaceutical industry for sweetening the medicines. Increasing awareness among people about health is enhancing them to opt for less calorie substitutes and artificial sweetener is the best option, which in turn driving the market growth. Increasing cases of obesity, heart disease and diabetes bothering people and hence they are opting for healthy lifestyle. Artificial sweetener is the best product as it does not increase the blood glucose level in diabetic patients hence there is growing demand for artificial sweetener from diabetic patients and health conscious people. It will consequently boom the artificial sweetener market growth.

Artificial Sweetener Market Segmentation

Based on Application

  • Dairy products
  • Bakery Products
  • Confectionery
  • Beverages

Based on Type

  • Acesulfame K
  • Saccharin
  • Aspartame
  • Sucralose
  • Neotame

 

Based on Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Russia
    • France
    • Italy
    • Spain
    • Poland
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Thailand
    • Australia
    • Malaysia
    • Indonesia
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

North America is proven to be a major region to obtain huge market share and is anticipated to grow at higher level because of the increasing demand for bakery products in the region. Market size in Europe is anticipated t increase due to the major use of artificial sweetener in packaged food products. Asia pacific led by Japan, China, India, Australia and South Korea also witnessed huge market share in artificial sweetener market because of the growth in manufacturing of dairy products such as yogurt, milk, cream and curd.

Competitive Analysis:

Major Key players working in the artificial sweetener market obtained remarkable market share due to their best product launchings and best brand image. They are following different strategies to hold a prominent position in the market. Below is given the list of major key players operating in the market successfully over many years.

  •  Ach Food
  • Madhava Sweeteners
  • Cargill Inc.
  • Ajinomoto Co. Inc
  • Whole Earth Sweetener
  • Beijing Vitasweet Co. Ltd.
  • Tate & Lyle PLC

Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX