The global high intensity sweeteners market reached a value of nearly USD 8.22 billion in 2019. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2020-2025. By 2025, the industry is projected to reach an estimated value of USD 10.7 billion.
The global high intensity sweeteners market is significantly impacted by the sweeteners market, which reached a value of around USD 114.03 billion in 2017. Within the sweeteners industry, sugar is the leading type, controlling a significant share in the market by value. While sugar substitutes account for less than a quarter of the market, the rising health consciousness and continuous availability of the products are expected to drive the growth of the segment in the coming years. High intensity sweeteners (HIS) followed sugar as the second largest segment in the sweeteners industry. Within the HIS industry, aspartame is the leading type, accounting for more than 30% of the global market share. The growing demand for aspartame is attributed to its increased application in pharmaceuticals and beverage industries. China is the largest manufacturer of the type, having seven of the major aspartame manufacturers located within the country. Apart from China, the European Union, Japan, and South Korea are the leading producers of aspartame.
The major high-intensity sweeteners producing countries include China, accounting for around 75% of their global production. China is followed by the United States, France, Korea, and others. North America is the largest consuming region, accounting for 34% of the global demand. It is followed by the Asia Pacific, Europe, and Africa. The Asia Pacific is likely to emerge as a leading consumer market in the coming years, driven by the product’s rising demand within the region. Australia, along with China and India, is expected to witness a demand growth for high-intensity sweeteners in the coming years. This growing demand is majorly attributed to the increasing food and beverage industry in the Asia Pacific.
Properties and Applications
High-intensity sweeteners refer to sugar substitutes, which are used to sweeten as well as enhance the taste of food products. They are widely used in the food and beverage industry. These are usually sweeter than sugar but are required in a much smaller proportion than sugar to achieve the same level of sweetness. It is abundantly used in the place of sugar because despite being much sweeter than sugar, its calorie content is extremely low or negligible.
The global sweeteners market is bifurcated into sugar and sugar substitutes. Sugar substitutes are further divided into types like high intensity sweetener, high fructose corn syrup, low intensity sweeteners, and natural sweeteners. The various types of high-intensity sweeteners are as follows:
They find their applications in the following segments:
The EMR report covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.
The thriving food and beverage industries are driving the global high-intensity sweeteners market. In the food industry, sugar substitutes are extensively used in industries like bakery, confectionery, frozen foods, and RTE foods. The increasing use of high-intensity sweeteners in soda is propelling the market growth further. The consumption of beverages is increasing at a rapid rate, especially among the millennials. The use of these sugar substitutes in the beverage and convenience food industries is a significant driver for the industry growth, especially in emerging regions like the Asia Pacific and Latin America. The rising disposable income of consumers in Asian countries is also supporting the growth of the market.
The market growth is aided by the cost-effectiveness of high-intensity sweeteners, as compared to sugar. The growing demand from health-conscious consumers is now shifting from sugar to high-intensity sweeteners due to its low or zero-calorie content. With the increased cases of diseases like obesity and diabetes, people are now opting for healthier options like sugar substitutes. The introduction and approval of new high intensity sweeteners by regulatory authorities like the FDA are also expected to drive the industry growth in the forecast period. The rising popularity of HIS blends is projected to further propel the industry forward.
The report gives a detailed analysis of the following key players in the global high intensity sweeteners market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Sweeteners Market Overview
6.1 Figure: Global Sweeteners Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Sweeteners Market Breakup by Type
6.2.2 Sugar Substitute
6.3 Figure: Global Sweeteners Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Sugar Substitute
6.4 Chart: Global Sugar Substitute Market Breakup by Type
6.4.1 High Intensity Sweetener
6.4.2 High Fructose Corn Syrup
6.4.3 Low Intensity Sweeteners
6.4.4 Natural Sweeteners
7 Global High Intensity Sweeteners Market Analysis
7.1 Figure: Global High Intensity Sweeteners Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Global High Intensity Sweeteners Market Breakup by Type
7.3 Chart: Global High Intensity Sweeteners Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
7.4 Chart: Global High Intensity Sweeteners Market Breakup by Application
7.4.3 Health Care
7.4.4 Tabletop Sweeteners
7.5 Figure: Global High Intensity Sweeteners Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
7.5.3 Health Care
7.5.4 Tabletop Sweeteners
7.6 Chart: Global High Intensity Sweeteners Market Breakup by Region
7.6.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
7.6.3 Asia Pacific
7.6.4 Latin America
7.6.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
7.7 Figure: Global High Intensity Sweeteners Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
7.7.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
7.7.3 Asia Pacific
7.7.4 Latin America
7.7.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
8 Global High Intensity Sweeteners Price Analysis
8.1 Aspartame Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.1.1 North America
8.1.3 Asia Pacific
8.1.4 Latin America
8.1.5 Middle East and Africa
8.2 Acesulfame Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.2.1 North America
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East and Africa
8.3 Sucralose Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.3.1 North America
8.3.3 Asia Pacific
8.3.4 Latin America
8.3.5 Middle East and Africa
8.4 Saccharin Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.4.1 North America
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Global (HS Code: 292511, 293214) Trade Analysis
9.1 Major Exporting Countries: By Value and Volume
9.2 Major Importing Countries: By Value and Volume
10 SWOT Analysis
11 Porter’s Five Forces Analysis
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
12 Value Chain Analysis
13 EMR’s Key Indicators for Demand
14 EMR’s Key Indicator for Price
15 Cost Analysis
15.1 Raw Material Cost
15.5 Indirect Cost
16 Competitive Landscape & Supplier Analysis
16.1 Vitasweet Co.,LTD.
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 HYET Sweet
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 SinoSweet Co., Ltd.
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Berry Global Inc.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Anhui Jinhe Industrial Co., Ltd
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Celanese Corporation
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Pure Circle
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Tate & Lyle PLC
16.8.1 Company Overview
16.8.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Procurement Strategy
19.1 Contract Terms
19.2 Buying and Sourcing Trends
19.3 Storage and Warehousing
19.4 Certifications and Regulations
19.5 Risk Factors
20 Production Cost Analysis
20.1 Land, Location and Site Development
20.3 Plant Machinery
20.4 Cost of Raw Material
20.9 Other Capital Investment
The global high intensity sweeteners market attained a value of nearly USD 8.22 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The market is projected to reach USD 10.7 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Sweeteners can be bifurcated into sugar and sugar derivatives. Sugar derivatives are further divided into high intensity sweetener (HIS), high fructose corn syrup, low intensity sweeteners, and natural sweeteners, with high intensity sweeteners being a significant segment in the industry. The high intensity sweeteners market can be divided on the basis of its types into aspartame, sucralose, saccharin, cyclamate, stevia, and acesulfame. On the basis of application, HIS find their applications in beverage, food, health care, and tabletop Sweeteners, among others. The major regional markets for the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with China being a leading producer in the market. The key players in the above industry include Vitasweet Co.,LTD., HYET Sweet, SinoSweet Co., Ltd., Berry Global Inc., Anhui Jinhe Industrial Co., Ltd, Celanese Corporation, Pure Circle, and Tate & Lyle PLC, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, growing health consciousness, and rising demand from the food and beverage industries are aiding the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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