Global Naturalsweeteners Market Overview
Naturalsweeteners Market Size was estimated at 83.49 (USD Billion) in 2022. The Naturalsweeteners Industry is expected to grow from 87.67(USD Billion) in 2023 to 136.1 (USD Billion) by 2032. The Naturalsweeteners Market CAGR (growth rate) is expected to be around 5.01% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Naturalsweeteners Market Trends Highlighted
The naturalsweeteners market is projected to grow in the coming years as consumers become more health-conscious and seek out natural alternatives to sugar. Key market drivers include the rising demand for low-calorie and low-glycemic index sweeteners, the increasing popularity of natural and organic products, and the growing awareness of the health risks associated with excessive sugar consumption.Opportunities to be explored or captured in the naturalsweeteners market include the development of new and innovative sweeteners with improved taste and functionality, the expansion into new markets such as emerging economies, and the development of strategic partnerships with food and beverage manufacturers to incorporate naturalsweeteners into their products.Recent trends in the naturalsweeteners market include the increasing use of stevia, monk fruit, and erythritol, the growing demand for blends and combinations of different sweeteners to achieve the optimal taste and functionality, and the emergence of new technologies such as enzyme modification and fermentation to produce naturalsweeteners with enhanced properties.
Naturalsweeteners Market Drivers
Rising Health Consciousness
Consumers are now more enlightened with the disadvantages caused by consuming sugars. Many people highly demand natural sweeteners, which are much healthier and are most preferred as the best alternatives. They are low in both calories and carbohydrates, and they do not have any impact on blood sugar levels, which makes them good for people living with diabetes, obesity, and other health conditions. As such, rising health awareness will lead to the growth of the Natural sweeteners Market Industry in the future.
Growing Demand for Clean Label Products
Consumers are increasingly demanding clean-label products, which are made with recognizable and natural ingredients. Naturalsweeteners Market Industry fits this trend, as they are made from natural sources such as fruits, vegetables, and herbs. They are also free from artificial sweeteners, which are often associated with negative health effects. The growing demand for clean-label products is expected to boost the sales of the Naturalsweeteners Market Industry in the coming years.
Increasing Use in Food and Beverage Applications
Naturalsweeteners Market Industry is increasingly being used in food and beverage applications. They are used to sweeten a variety of products, including yogurt, granola bars, smoothies, and baked goods. Naturalsweeteners Market Industry is also used in beverages, such as juices, soft drinks, and sports drinks. The increasing use of Naturalsweeteners Market Industry in food and beverage applications is expected to drive the growth of the Naturalsweeteners Market Industry in the coming years.
Naturalsweeteners Market Segment Insights
Naturalsweeteners Market Type Insights
Overall, consumer demand for low-calorie and naturally occurring sweeteners is driving interest in natural sweeteners. Interest in health and well-being is increasing as consumers gain more access to information about the full range of damage artificial sweeteners can cause. On the other hand, there are also natural sugar alcohols that may be used as sweeteners. Usage of such sugar alcohols has also been growing significantly. The market is divided by type bulk sweeteners, sugar alcohols, and high-intensity sweeteners. The high-intensity sweeteners segment placed first place in 2023, accounting for approximately 44.6% of the share.The bulk sweeteners segment is also expected to become the fastest-growing in the forecast period. The growth of this segment in the forecast period is attributed to the growth of the food and beverage industry. Bulk sweeteners are used in higher quantities. They also come in several forms, including syrups, powders, and crystals. They are particularly useful for creating shelf-stable products. The characteristic of sugar alcohols that have been attributed to their continuous use is the fact that they are derived from sugars but are lower in calories and have lower glycemic indexes.They may be found in several sugar-free products, such as chewing gums, candies, and baked goods.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Naturalsweeteners Market Source Insights
Plant-based sweeteners, as a source segment, are anticipated to be the dominant source of revenue over the forecast period in the Natural sweeteners market, with the share expected to surpass 60% of total revenue by 2023. Growing consumer preference for natural and organic sweeteners owing to rising awareness over the adverse effects of high sugar consumption on health are the driving factors. The increasing demand for natural and low-calorie sweeteners with health benefits is attributed to a positive APAC Natural sweeteners market outlook for this segment.Revenue accrued from the sale of synthetic sweeteners is expected to increase at a moderate rate on account of the health concerns associated with the product; EMR projects that this source segment will generate around a fourth of total revenue in the market by 2023. However, increased demand for the additive as a low-cost alternative to traditional sweeteners is expected to ensure demand during the forecast period.
Naturalsweeteners Market Application Insights
The Naturalsweeteners Market segmentation by Application is categorized into Food and Beverages, Pharmaceuticals, Dietary Supplements, and Cosmetics. Among these segments, Food and Beverages dominate the Naturalsweeteners Market revenue, accounting for over 60% of the market share. The rising demand for natural sweeteners in the production of low-calorie and sugar-free food and beverage products drives this segment's growth. The increasing popularity of natural and organic food products is also contributing to the growth of this segment.The Pharmaceuticals segment is expected to witness significant growth over the forecast period due to the growing use of natural sweeteners in the formulation of sugar-free and diabetic-friendly medicines. The Dietary Supplements segment is also poised for growth due to the rising consumer awareness about the health benefits of natural sweeteners. The Cosmetics segment is expected to grow steadily, driven by the demand for natural and organic cosmetics and personal care products.
Naturalsweeteners Market Functionality Insights
The Functionality segment of the Naturalsweeteners Market plays a crucial role in determining the taste, texture, and overall quality of food and beverage products. In 2023, the Sweetening functionality segment held the largest market share, accounting for over 58.0% of the revenue. The increasing demand for healthier and natural alternatives to sugar is driving the growth of this segment. The Bulking functionality segment is expected to witness significant growth over the forecast period, owing to its ability to provide volume and texture to food products.By 2032, it is projected to capture a market share of around 22.0%. The Texturizing functionality segment plays a vital role in creating desired textures in food products, such as thickening, gelling, and stabilizing. It is estimated to grow at a CAGR of 4.5% during the forecast period. The Antimicrobial functionality segment, although a niche segment, is gaining traction due to its ability to inhibit the growth of microorganisms in food products. This segment is expected to grow at a CAGR of 3.8% over the next decade.
Naturalsweeteners Market Intensity Insights
The Naturalsweeteners Market is segmented based on intensity into Non-Caloric, Low-Calorie, and High-Calorie. Non-Caloric sweeteners, such as stevia and monk fruit extract, have gained popularity due to their zero-calorie content and intense sweetness. They are commonly used in diet sodas, protein shakes, and other low-calorie products. As consumers become more health-conscious, the demand for non-caloric sweeteners is expected to grow significantly. Low-Calorie sweeteners, such as erythritol and xylitol, offer a reduced-calorie alternative to sugar while providing a similar level of sweetness.These sweeteners are often used in sugar-free candies, chewing gums, and other confectionery products. The growing demand for low-sugar and low-carb products is driving the growth of the low-calorie sweeteners market. High-Calorie sweeteners, such as honey and maple syrup, provide natural sweetness and flavor to various foods and beverages. Honey is a popular choice for breakfast cereals, desserts, and baked goods, while maple syrup is commonly used as a topping for pancakes and waffles. The growing trend towards natural and organic products is expected to boost the demand for high-calorie sweeteners.In 2023, the Naturalsweeteners Market revenue was valued at 87.67 USD Billion. The market is segmented based on intensity into Non-Caloric, Low-Calorie, and High-Calorie. The Non-Caloric segment is expected to witness significant growth over the forecast period, owing to the increasing demand for low-calorie and sugar-free products. The Low-Calorie segment is also expected to grow steadily, driven by the growing popularity of sugar-reduced and low-carb diets. The High-Calorie segment is expected to remain stable, with demand driven by the growing trend towards natural and organic products.
Naturalsweeteners Market Regional Insights
The regional segmentation of the Naturalsweeteners Market offers insights into the market's growth dynamics across different geographic regions. North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growing consumer awareness about the health benefits of naturalsweeteners, coupled with the increasing demand for natural and organic products, is driving the market growth in the region. Europe is another significant region in the natural sweeteners market, with a strong demand for natural sweeteners in countries such as Germany, France, and the United Kingdom.The market growth in the region is attributed to the rising popularity of sugar-free and low-calorie products. The Asia-Pacific region is expected to witness the fastest growth over the forecast period due to the increasing disposable income and changing dietary patterns in countries such as China and India. South America, the Middle East and Africa (MEA) are also emerging markets for natural sweeteners, with growing demand from food and beverage manufacturers.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Naturalsweeteners Market Key Players and Competitive Insights
Major players in the Naturalsweeteners Market industry are constantly innovating and developing new products to meet the changing demands of consumers. Leading Naturalsweeteners Market players are focusing on expanding their product portfolios and increasing their market share. Naturalsweeteners Market development is being driven by the growing demand for healthy and natural sweeteners. The Naturalsweeteners Market Competitive Landscape is expected to remain competitive in the coming years, with major players continuing to invest in research and development.Cargill, Incorporated is a leading company in the Naturalsweeteners Market industry. The company offers a wide range of natural sweeteners, including stevia, monk fruit, and erythritol. Cargill is committed to providing high-quality sweeteners that meet the needs of its customers. The company has a strong presence and is well-positioned to continue to grow its market share.Tate & Lyle is a major competitor in the Naturalsweeteners Market industry. The company offers a variety of natural sweeteners, including stevia, monk fruit, and allulose. Tate & Lyle is focused on providing innovative sweeteners that meet the needs of its customers. The company has a strong presence and is well-positioned to continue to grow its market share.
Key Companies in the Naturalsweeteners Market Include
- Illovo Sugar
- Tate Lyle
- Stevia Ingredients Manufacturers Association (SIMA)
- Cargill Incorporated
- Ingredion Incorporated
- Florida Crystals Corporation
- Mitr Phol
- Archer Daniels Midland Company
- PureCircle Limited
- ASR Group
- Nordzucker
- Cosan S.A. Industria e Comercio
- Tereos Groupe
- Beneo
Naturalsweeteners Market Industry Developments
The naturalsweeteners market is projected to reach USD 136.1 billion by 2032, exhibiting a CAGR of 5.01% during the forecast period (2024-2032). Rising consumer health consciousness and growing demand for natural and organic food products are major factors driving the market expansion. Stevia, monk fruit, and erythritol are gaining popularity as low-calorie, natural sweeteners in various food and beverage applications. Key industry players are focusing on product innovation and strategic partnerships to expand their market share. Recent market developments include the launch of new stevia-based sweeteners with improved taste profiles and the development of natural sweeteners from alternative sources such as allulose and thaumatin.
Naturalsweeteners Market Segmentation Insights
- Naturalsweeteners Market Type Outlook
- High-Intensity Sweeteners
- Bulk Sweeteners
- Sugar Alcohols
- Naturalsweeteners Market Source Outlook
- Plant-Based
- Animal-Based
- Synthetic
- Naturalsweeteners Market Application Outlook
- Food and Beverages
- Pharmaceuticals
- Dietary Supplements
- Cosmetics
- Naturalsweeteners Market Functionality Outlook
- Sweetening
- Bulking
- Texturizing
- Antimicrobial
- Naturalsweeteners Market Intensity Outlook
- Non-Caloric
- Low-Calorie
- High-Calorie
- Naturalsweeteners Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
83.49(USD Billion) |
Market Size 2023 |
87.67(USD Billion) |
Market Size 2032 |
136.1(USD Billion) |
Compound Annual Growth Rate (CAGR) |
5.01% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Illovo Sugar, Tate Lyle, Stevia Ingredients Manufacturers Association (SIMA), Cargill Incorporated, Ingredion Incorporated, Florida Crystals Corporation, Mitr Phol, Archer Daniels Midland Company, PureCircle Limited, ASR Group, Nordzucker, Cosan S.A. Industria e Comercio, Tereos Groupe, Beneo |
Segments Covered |
Type, Source, Application, Functionality, Intensity, Regional |
Key Market Opportunities |
Growth in clean label movement Rising demand from FampB industry Increasing awareness of health benefits Innovation in sweeteners |
Key Market Dynamics |
Rise in demand for sugar alternatives Growing consumer health consciousness Innovations in sweetener production. |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Naturalsweeteners Market is expected to reach a valuation of USD 87.67 billion in 2023 and is projected to grow at a CAGR of 5.01%, reaching USD 136.1 billion by 2032.
North America is expected to hold the largest market share, accounting for over 40% of the market in 2023. The region's large population base and growing demand for natural sweeteners are key factors driving its dominance.
Natural sweeteners are primarily used in the food and beverage industry, as well as in pharmaceuticals, personal care products, and animal feed. In the food and beverage industry, they are used to sweeten a wide range of products, including beverages, baked goods, confectionery, and dairy products.
Some of the key competitors in the Naturalsweeteners Market include Cargill, Incorporated, Tate Lyle PLC, Ingredion Incorporated, Archer Daniels Midland Company, and Sweegen, Inc.
The Naturalsweeteners Market faces challenges such as fluctuations in raw material prices, regulatory hurdles, and intense competition from artificial sweeteners. Additionally, consumer preferences and the perception of natural sweeteners can impact market growth.
Growth opportunities for the Naturalsweeteners Market include rising consumer demand for natural and healthy ingredients, increasing applications in various industries, and the development of new and innovative products.
The Naturalsweeteners Market is expected to grow at a CAGR of 5.01% from 2023 to 2032.
Key factors driving the growth of the Naturalsweeteners Market include increasing health consciousness, rising disposable income, and growing demand for natural and clean-label products.
Naturalsweeteners encompass a range of sweeteners derived from natural sources, including Stevia, Erythritol, Xylitol, Monk Fruit Extract, and Allulose, among others.
The Naturalsweeteners Market is segmented based on Type (High-Intensity Sweeteners, Bulk Sweeteners), Application (Food Beverages, Pharmaceuticals, Personal Care, Animal Feed), and Region (North America, Europe, Asia-Pacific, South America, Middle East Africa).