Global Natural Sweeteners Market to be aided by the Expected Growth in the Global Stevia Market at a CAGR of 6.3% in the Forecast Period of 2024-2032

The global natural sweeteners market is witnessing a healthy growth with the increase in the demand for stevia, which is a type of natural sweetener having zero-calorie content, unlike sugar. The increasing health concern among the consumers has led to a growth in the consumption of natural products over artificial ones. The global stevia market is being dominated by the Asia Pacific, followed by Europe. Within the Asia Pacific, China is the leading market, accounting for more than 90% of the total stevia production in the region.

The increase in the demand for low-calorie or sugar-free products is propelling the market further. In April 2020, Tate & Lyle PLC (LON: TATE), a global food ingredients provider and a major key player in the global stevia 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. The beverage giants like PepsiCo (NASDAQ: PEP) and Coca-Cola (NYSE: KO) are also increasing the production of stevia-based beverages to meet the growing demand of zero-calorie soft drinks, which have become quite popular among consumers.

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Market Breakup by Type, Intensity, Application, Distribution Channel, and Regions:

• Natural sweeteners can be divided into stevia, maple syrup, raw honey, molasses, and coconut sugar, among other types.

• By intensity, the market can be bifurcated into high-intensity sweeteners and low-intensity sweeteners.

• Natural sweeteners commonly find their application in food, beverages, pharmaceuticals, and personal care sectors, among others.

• Hypermarkets/supermarkets, convenience stores, retail stores, and online retailers, among others, are the major distribution channels.

• North America, Europe, Asia Pacific, Latin America, and Middle East and Africa are the major regional markets for natural sweeteners.

Key Findings of the Report:

• The global natural sweeteners market has been aided by the increasing health awareness, resulting in an increased demand for low-calorie products.

• The increase in the demand for natural or organic products over the artificial ones is further aiding the market. 

• The various strategies implemented by governments to promote sugar-substitutes due to rising cases of diabetes is further propelling the market forward.

• The steadily growing beverage sector, globally, is providing further impetus to the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global natural sweeteners market for the periods (2018-2023) and (2024-2032).

• The historical (2018-2023) and forecast (2024-2032) market information for the types, applications, and regions of the global natural sweeteners market have also been provided in the EMR report.

• The report provides an assessment of the market using Porter’s Five Forces model along with SWOT and value chain analysis. 

• An assessment of the regional price trends for natural sweeteners has also been provided within the report.

The major players in the global natural sweeteners market are the Ingredion Incorporated, Tate & Lyle PLC, Cargill, Incorporated, Archer Daniels Midland Company, Capilano Honey Ltd., Roodin Group Co., Ltd., Pastili Limited, PT. Coco Sugar Indonesia., Roquette Frères, Sunwin Stevia International Inc., GLG Life Tech Corporation, K K Birla Group of Sugar Companies, Others.

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