Natural Sweeteners Market: Current Analysis and Forecast (2021-2027)

Natural Sweeteners Market: Current Analysis and Forecast (2021-2027)

  • UnivDatos Market Insight
  • September 2021
  • Retail
  • 278 pages

Report Description

Natural sweeteners are becoming increasingly popular as a result of rising health concerns about sugar consumption and questions about the safety of some non-nutritive artificial sweeteners. Natural sugars have a wide range of applications in industries such as food processing, pharmaceuticals, and personal care, among others, resulting in increased demand for natural sweeteners. 

Increasing cases of obesity especially among young children is the major driving factor for increased adoption natural sweeteners as table sugar alternatives. For instance, as per WorldAtlas, in 2019, 38 million children below the age of five were either obese or overweight. Moreover, obesity is responsible for close to 5 million deaths annually, or 8% of the global deaths in 2017, representing a 3.5% increase from 4.5% in 1990. However, the proportion varies across different continents. In 2017, over 15% of the deaths were attributed to obesity across North Africa, Eastern Europe, Latin America, and Central Asia because of its high prevalence.

Furthermore, natural sweeteners are sweeter than sugar and are less calories. Therefore, very small amount of them are sufficient. For instance, Stevia are 50-350 times sweeter than table sugar and has zero calory. Similarly, monk fruit are 250 times sweeter than table sugar and has zero calory.

Based on type, the global natural sweeteners market is segmented into stevia, sorbitol, xylitol, mannitol, erythritol, sweet proteins, and other types. Currently, sorbitol dominated the market and is expected to maintain its dominance during the forecast period owing to maintaining shelf life, appearance, the texture of foods, offering medicinal qualities, and helping in retaining moisture.

Based on application, the market is divided into bakery products, confectioneries & gums, spreads, beverages, dairy products, frozen desserts, tabletop sweeteners, pharmaceutical products, and other applications. Confectioneries & gums dominated the market in 2020 owing to  the low in cost, readily available, and easy to use during processing.

Based on end-users, the market is segmented into food & beverages, pharmaceutical, direct sales, and other end-use sectors. Currently food & beverages dominates the market and is expected to maintain its dominance during the analyzed period owing to the growing demand from end consumers resulting in a shift among manufacturers for the choice of their ingredients in the food & beverage sector, and factors such as fluctuating prices and supply of sugars further drive the demand.

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for Natural Sweeteners on account of the busy lifestyle of consumers, prevalence of chronic diseases due to their hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of reduced sugar foods & beverages and other products.

Some of the major players operating in the market includes DuPont/ADM Tate & Lyle PL, Cargill, Ingredion Incorporated, Roquette Frères, FoodChem International Corporation (China), PureCircle Ltd, MacAndrews & Forbes Holdings Inc (Merisant), Ecogreen Oleochemicals Pvt Ltd., Pyure Brands LLC (US), Stevia Hub India; etc.

Global natural sweeteners market was valued around $2.7 billion and is likely to showcase a growth rate of over 6% during the forecast. The increasing prevalence of obesity among individuals has been the major reason causing shift in preference of consumers towards natural sweeteners. For instance, as per WHO, in 2019, an estimated 38.2 million children under the age of 5 years were overweight or obese. Once considered a high-income country problem, overweight and obesity are now on the rise in low- and middle-income countries, particularly in urban settings. Similarly, in Africa, the number of overweight children under 5 has increased by nearly 24% percent since 2000. Almost half of the children under 5 who were overweight or obese in 2019 lived in Asia.

High fluctuation in the prices and supply of sugar is anticipated to propel the demand for Natural Sweeteners in the forthcoming years. For instance, in August 2021, price of sugar increased to USD 0.1995 per pound from USD 0.1100 per pound in 2018. Moreover, many companies are working on bringing new innovative products. For instance, in February 2019, Tata Chemicals launched a new brand called TataNx as the brand. The first product released is a 100% natural sweetener with lactose herb extract and sugar and stevia.

Furthermore, the prevalence of diabetes among population has also increased the awareness about natural sweeteners and has caused shift in preference. In 2019, a total of 463 million people were estimated to be living with diabetes, representing 9.3% of the global adult population (20–79?years). This number is expected to increase to 578 million (10.2%) in 2030 and 700 million (10.9%) in 2045. The prevalence of diabetes in women in 2019 was estimated to be 9.0%, and 9.6% in men. The increase of diabetes prevalence with age leads to a prevalence of 19.9% (111.2 million) in people aged 65–79 years.

Siemens, Thermo Fisher, LabCorp, Alere, Omega Laboratories, Roche, OraSure, Biomedical Diagnostics, Quest Diagnostics, Laboratory Corporation of America Holdings are some of the prominent players operating in the global Natural Sweeteners market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst type, Sorbitol segment holds the major share”

Based on type, the global stevia, sorbitol, xylitol, mannitol, erythritol, sweet proteins, and other types. The Sorbitol segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period owing to its varied functional properties such as helping in maintaining shelf life, appearance, the texture of foods, offering medicinal qualities, and helping in retaining moisture. 

“Amongst application, confectionary & gum is anticipated to grow at the highest CAGR during the analyzed period”

Further based on application, the market is fragmented into bakery products, confectioneries & gums, spreads, beverages, dairy products, frozen desserts, tabletop sweeteners, pharmaceutical products, and others. In 2020, confectionaries & gums accounted for a maximum revenue share and is expected to retain its position during the analyzed period owing to low cost, readily available, and easy use during processing.

“Amongst end-users, food & beverage segment is anticipated to grow at the highest CAGR during the analyzed period”

Based on end-users, the market is fragmented into food & beverages, pharmaceutical, direct sales, and others. In 2020, food & beverage segment accounted for the considerable market share and is likely to retain its position during the analyzed period owing to the growing demand from end consumers resulting in a shift among manufacturers for the choice of their ingredients in the food & beverage sector.

“North America signifies one of the largest markets of Natural Sweeteners Market”

For a better understanding of the market dynamics of the Natural Sweeteners market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market in 2020 owing to the busy lifestyle of consumers, prevalence of chronic diseases due to their hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of reduced sugar foods & beverages and other products. 

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Natural Sweeteners Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Companies Covered

  • Ingredion Incorporated
  • DuPont/ADM Tate & Lyle PL
  • Cargill, Roquette Frères
  • FoodChem International Corporation
  • PureCircle Ltd
  • MacAndrews & Forbes Holdings Inc (Merisant)
  • Saganà Association
  • Pyure Brands LLC
  • Stevia Hub India

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Table of Content

1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Natural Sweeteners Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Natural Sweeteners Market
2.1.1Main Objective of the Global Natural Sweeteners Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPs UNDER NATURAL SWEETENERS INDUSTRY

6 COVID-19 IMPACT

7 GLOBAL NATURAL SWEETENERS MARKET REVENUE

8 MARKET INSIGHTS BY TYPE
8.1 Stevia
8.2 Sorbitol
8.3 Xylitol
8.4 Mannitol
8.5 Erythritol
8.6 Sweet proteins
8.7 Other types

9 MARKET INSIGHTS BY APPLICATION
9.1Bakery products
9.2 Confectioneries & gums
9.3 Spreads
9.4 Beverages
9.5 Dairy products
9.6 Frozen desserts
9.7 Tabletop sweeteners
9.8 Pharmaceutical products
9.9 Other applications

10 MARKET INSIGHTS BY END-USERS
10.1 Food & beverages
10.2 Pharmaceutical
10.3 Direct sales
10.4 Other end-use sectors

11 MARKET INSIGHTS BY REGION 
11.1 NORTH AMERICA NATURAL SWEETENERS MARKET 
11.1.1 United States
11.1.2 Canada
11.1.3 Rest of North America
11.2 EUROPE NATURAL SWEETENERS MARKET 
11.2.1 Germany
11.2.2 France
11.2.3 United Kingdom
11.2.4 Spain
11.2.5 Italy
11.2.6 Rest of Europe
11.3 ASIA PACIFIC NATURAL SWEETENERS MARKET
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 Rest of Asia Pacific
11.4 REST OF THE WORLD NATURAL SWEETENERS MARKET 

12 NATURAL SWEETENERS MARKET DYNAMICS
12.1 Market Drivers 
12.2 Market Challenges
12.3 Impact Analysis

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1 Demand Side Analysis
14.2 Supply Side Analysis
14.2.1 Top Product Launches
14.2.2 Top Business Partnerships
14.2.3 Top Merger & Acquisitions

15 VALUE CHAIN ANALYSIS

16 NATURAL SWEETENERS MARKET OPPORTUNITIES

17 NATURAL SWEETENERS MARKET TRENDS & INSIGHTS

18 COMPETITIVE SCENARIO

18.1 Porter’s Five forces analysis
18.1.1 Bargaining power of Supplier
18.1.2 Bargaining power of Buyer
18.1.3 Industry Rivalry
18.1.4 Availability of Substitute
18.1.5 Threat of new Entrants
18.2 Competitive Landscape
18.2.1 Company Shares, By Revenue

19 COMPANY PROFILED
19.1 Ingredion Incorporated
19.1.1 Key Facts
19.1.2 Business Description
19.1.3 Key Product/Services OfferingsRevenue Split
19.1.4 Growth StrategyFinancial Overview of Ingredion Incorporated
19.1.5 SWOT Analysis
19.1.6 Key FinancialsProduct Launch
19.1.6.1 Partnerships
19.1.6.2 Business Expansion and Investments
19.1.7 Recent DevelopmentsMerger and Acquisition
19.1.7.1 Product Launch
19.1.7.2 Partnerships
19.1.7.3 Business Expansion and Investments
19.1.7.4Merger and Acquisition
19.2 DuPont/ADM Tate & Lyle PL
19.3 Cargill
19.4 Roquette Frères 
19.5 FoodChem International Corporation
19.6 PureCircle Ltd
19.7 MacAndrews & Forbes Holdings Inc (Merisant)
19.8 Saganà Association
19.9 Pyure Brands LLC
19.10 Stevia Hub India

20 DISCLAIMER

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