The global artificial sweetener market is set to witness substantial growth, with projections from Future Market Insights (FMI) indicating that the market will reach a valuation of USD 3,600 million by 2034. This growth, at a steady compound annual growth rate (CAGR) of 2.9%, marks a significant increase from the estimated USD 2,710 million in 2024.
Artificial sweeteners have become essential substitutes for conventional sugar, largely due to their high sweetness and low-calorie content. They cater to individuals seeking to manage blood sugar levels, reduce calorie intake, and achieve weight loss goals. The rising prevalence of diabetes and obesity has heightened awareness of the adverse effects of excessive sugar consumption, leading to increased demand for healthier alternatives such as artificial sweeteners.
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Several key factors are propelling the growth of the artificial sweetener market:
- Increasing health consciousness among consumers is driving the demand for artificial sweeteners. People are more aware of the health risks associated with high sugar consumption, such as diabetes and obesity, prompting them to seek healthier alternatives.
- Changing dietary habits, especially in urban areas, are boosting the demand for convenient, low-calorie, and sugar-free food and beverage options. Artificial sweeteners allow manufacturers to meet this demand without compromising on taste.
- Advances in food science and technology are enabling the development of artificial sweeteners that closely mimic the taste and texture of sugar, addressing concerns about aftertaste and broadening their appeal.
- Manufacturers are expanding their product lines to include a variety of artificial sweeteners catering to different tastes and preferences. This includes the development of injectable sweeteners that bypass the taste buds, eliminating the aftertaste associated with oral sweeteners.
- Favorable regulatory frameworks in key markets are supporting the growth of the artificial sweetener industry by ensuring product safety and quality.
Key Takeaways from the Artificial Sweetener Industry Report:
- The global artificial sweeteners industry is forecast to reach US$ 3,600 million by 2034.
- By product type, the aspartame segment is set to record a CAGR of 8%.
- Based on end-users, the food & beverages segment will rise at 5% CAGR through 2034.
- Demand in Japan is forecast to grow at 0% CAGR between 2024 and 2034.
- Revenue in the United States is set to reach US$ 810.4 million by 2034.
- India is poised to record a CAGR of 8% through 2034.
Who is Winning?
DuPont, Cargill, Nestlé S.A., Associated British Foods PLC, and Archer Daniels Midland Company are key artificial sweetener manufacturers and suppliers listed in the report. These companies are focusing on expanding their portfolios by introducing new products. They also use strategies such as acquisitions, advertisements, partnerships, agreements, and mergers to stay relevant in the market.
For instance,
- In January 2021, Roquette and AnalytiCon Discovery invested in research and development to develop Brazzein.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global artificial sweetener industry, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the artificial sweetener market based on product type (aspartame, acesulfame k, saccharin, sucralose, and neotame), end-user (food and beverages, pharmaceuticals, direct sales, and other end users), and application (bakery goods, sweet spreads, confectionery, and chewing gums, beverages, dairy products, and other applications) across several regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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