Artificial Sweeteners Market - Forecast(2023 - 2028)

Artificial Sweeteners market size was valued at $ 3,938 million in 2020, and is anticipated to grow at a CAGR of 5.81% during the forecast period 2021-2026. Artificial sweeteners are artificial sugar substitutes which comprises of aspartame, acesulfame-k, monosodium glutamate, saccharin, etc. They are basically derived from the natural substances, such as herbs or the sugar itself. Artificial Sweeteners are widely used in processed foods such as powdered drink mixes, desserts, jam and jelly, baked goods, dairy products, beverages, and others to keep the taste and make it healthier. The artificial sweeteners market is growing, owing to the increased awareness and health consciousness among the people and the demand for low-calorie sugar substitutes and sugar-free products is increasing. Hence, the food manufacturers produce low-calorie and sugar-free alternatives as the main products, which in turn help stimulate market growth over the forecast period 2021-2026. However, from food testing and certification, these international regulatory bodies are compelling manufacturers to follow food labeling rules and regulations which is affecting the profitability of several manufacturing companies which is poised to hinder the Artificial Sweeteners market growth.

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Artificial Sweeteners Market Report Coverage

The report: “Artificial Sweeteners Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Artificial Sweeteners Market:

By Type: Acesulfame K, Aspartame, Neotame, Saccharin, Sucralose, and others.

By Application: Bakery Products, Beverages, Confectionery, Dairy products, and others.

By Distribution Channel: Supermarkets/Hypermarkets, Online Channel, Specialty Stores, and others.

By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW(Middle East and Africa).



Key Takeaways

  • Geographically, Asia Pacific region held the highest market share of 35.34% in 2020. 

  • The factors such as the increasing consumer awareness regarding the positivity of artificial sweeteners coupled with rising use of low-calorie sugar substitutes and sugar-free products across the globe are amongst the major factor projected to impel growth of Artificial Sweeteners market.

  • Additionally, factors such as companies investing in product innovations to improvise and evaluate their product portfolio through technological up gradations thereby, obtaining varying formulations, taste and dispensability at all levels are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

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    Artificial Sweeteners Market Challenges

    Long-term Excessive Intake

    The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the long-term and excessive use leads to diabetes, which interferes with the body’s ability to regulate the blood sugar is projected to hamper the market growth. The long-term consumption of the artificial sweeteners leads to diarrhea, bloating, and gastrointestinal disorders. However, the high-intensity sweeteners, such as saccharin, and aspartame, causes blood related disorders, including leukemia, which even leads to death. This is acting as a major challenge for the growth of the Artificial Sweeteners Market during the forecast period 2021-2026.

    Artificial Sweeteners Market Landscape

    Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Artificial Sweeteners market. In 2020, Artificial Sweeteners market share is fragmented by the top ten players present in the market. The Artificial Sweeteners market top 10 companies are Tate & Lyle PLC, Cargill Inc, Raizen S.A., Ingredion Incorporated, Wilmar International Limited, E.I Dupont De Numours and Company, Associated British Foods Plc, Archer Daniels Midland Company, Ajinomoto Corporation Inc, Nestlé S.A. and others.

    Acquisitions/Product Launches

    • In November 2019, Cargill-DSM joint venture Avansya has started the commercial-scale production of EverSweet™ stevia sweetener, as consumers increasingly demand reduced-calorie food and beverages. 
    • In April 2019, Tate & Lyle has signed a multi-year agreement with Codexis Inc, for the supply and licensing of the novel Codexis performance enzymes used in the manufacture of the Tate & Lyle’s TASTEVA® M Stevia Sweetener.




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