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Global High Intensity Sweeteners Market to Grow at a CAGR of 2.7% over the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global High Intensity Sweeteners Market Report and Forecast 2021-2026’, the global high intensity sweeteners market stood at a value of nearly USD 6.37 billion in 2020. The global sweeteners industry is further expected to grow at a CAGR of 2.7% between 2021 and 2026 to reach USD 8.24 billion by 2026.

The global high intensity sweeteners market is expected to witness a steady growth due to the rising demand for sweeteners, particularly from the food and beverage sector. High intensity sweeteners are widely used to prepare sugar-free products, including soft drinks, powdered drink mixes, puddings, and dairy products, among others. Due to the rising popularity of aspartame, a type of high intensity sweetener, in pharmaceuticals and beverage industries, it has emerged as a leading high intensity sweeteners type, accounting for over 30% of the global market share. By country, China is the leading producer, accounting for nearly 75% of the global production of high intensity sweeteners, followed by the United States. Due to the high demand for packaged food in North America, the region remains the largest consumer for the product, accounting for 34% of the global demand.

With the rising health concern, the demand for high intensity sweeteners, serving as a sugar substitute, has increased as its consumption involves less calorie intake, low blood sugar levels, and improved dental care, in comparison to sugar. Stevia is a significant high intensity sweetener. It is witnessing a robust demand as consumers are increasingly demanding natural food and beverage products. In April 2020, Tate & Lyle PLC (LON: TATE), a global food ingredients provider and a key player in the high intensity sweeteners market, signed a multi-year enzyme supply and licensing agreement with Codexis, Inc. (NASDAQ: CDXS) to produce TASTEVA® M Stevia Sweetener. TASTEVA® M Stevia Sweetener is the first premium Reb M stevia sweetener, which was launched by Tate & Lyle in 2018, opening new horizons for the production of sugar-free products.

Market Breakup by Types, Applications, and Regions:

  • The various types of high intensity sweeteners available in the market are aspartame, sucralose, saccharin, cyclamate, stevia, and acesulfame, among others.
  • The high intensity sweeteners find applications in sectors like beverage, food, health care, and tabletop sweeteners, among others. 
  • Region-wise, the global high intensity sweeteners industry can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for sweeteners, especially in the food and beverage sector, is driving the growth of high intensity sweetener industry. 
  • With the growing health consciousness among consumers, the demand for sugar substitutes has increased, further aiding the industry growth.  
  • The cost-effectiveness of high intensity sweeteners, particularly to produce carbonated beverages, is impacting the industry growth positively.   
  • The rise in disposable incomes and increased population, particularly in emerging economies, have resulted in the increased demand for packaged and processed food, which is providing further impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the global high intensity sweeteners market, providing an insight into the types, applications, and regional markets of the product for the periods (2016-2020) and (2021-2026).
  • An overview of the overall sweeteners market has also been provided within the period for the (2016-2020) and (2021-2026) periods.   
  • The report gives the regional historical (2016-2020) and forecast (2021-2026) price trends of the high intensity sweeteners. 
  • The global trade data analysis has also been provided in the report by EMR.

The major players in the global high intensity sweeteners market are Vitasweet Co.,LTD., Ingredion Incorporation, SinoSweet Co., Ltd., Cargill Inc, Anhui Jinhe Industrial Co., Ltd, Celanese Corporation, Pure Circle, and Tate & Lyle PLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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