Sweeteners Market to Reach $154.6 Billion Globally by 2035 at 4.9% CAGR: Allied Market Research

Sweeteners Market to Reach $154.6 Billion Globally by 2035 at 4.9% CAGR: Allied Market Research
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Significant increase in consumption of soft drinks and fruit juice concentrates is driving the growth of the sweeteners market in developing regions. The large population and their consumption habits boost the demand for sweets, soft drinks and processed foods in these areas. This trend is expected to increase demand for sweeteners among food and beverage manufacturers in developing regions.

WILMINGTON, Delaware, May 15, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report titled, Tahlia market By type (sucrose, starch sweeteners and sugar alcohols, high-intensity sweeteners), application (bakery and cereals, beverages, dairy products, processed foods, confectionery, table sweeteners), and distribution channel (supermarkets and hypermarkets, department stores, convenience stores, convenience stores Online, Others): Global Opportunity Analysis and Industry Forecast, 2024-2035″. According to the report, the Desalination Market was valued at $88.1 billion in 2023 and is expected to reach $154.6 billion by 2035, with a CAGR of 4.9% from 2024 to 2035.

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The growth of the desalination market is influenced by several key determinants that shape its trajectory and expansion. First, shifting consumer preferences towards healthier lifestyles and increasing awareness of the harmful effects of excessive sugar consumption were major drivers. Consumers are increasingly looking for alternatives to traditional sugar that offer lower calorie content or are perceived as more natural. This has led to increased demand for low-calorie sweeteners, such as stevia extract and monk fruit, as well as natural sweeteners such as honey and agave syrup. In addition, rising rates of lifestyle diseases such as obesity and diabetes have increased demand for sugar substitutes, further fueling market growth.

Second, regulatory initiatives aimed at reducing sugar consumption and promoting healthier food choices have significantly impacted the sweeteners market. Governments around the world are implementing measures such as sugar taxes, mandatory labeling of sugar content, and regulations on advertising of sugary products. These regulations have encouraged food and beverage manufacturers to reformulate their products with alternative sweeteners to meet changing consumer preferences and regulatory requirements. Moreover, technological developments and innovations in sweetener formulations have expanded the market by improving taste characteristics, improving product stability, and reducing production costs. As a result, the sweeteners market is poised for continued growth, driven by evolving consumer behaviors, regulatory interventions, and continued product innovation.

Report coverage and details:

Report coverage

details

Forecast period

2024-2035

Base year

2023

Market size in 2022

$88.1 billion

Market size in 2032

$154.6 billion

Compound annual growth rate

4.9%

Number of pages in the report

445

Covered sectors

Type, application, distribution channel and region

Drivers

Increasing health awareness and demand for low-calorie alternatives

High prevalence of lifestyle diseases such as obesity and diabetes.

Increasing adoption of natural sweeteners.

Opportunities

High demand for natural and organic sweeteners.

Emerging markets in Asia Pacific and Latin America.

Innovations in sugar-reducing solutions.

Restrictions

Negative perceptions associated with artificial sweeteners.

Raw material price fluctuations.

Sucrose sector to maintain its leadership position during the forecast period

By type, the sucrose segment accounted for the highest market share in 2023, accounting for nearly three-quarters of the global sweeteners market revenue, and is expected to maintain its leadership position during the forecast period. However, the high-intensity sweeteners segment is expected to achieve a CAGR of 6.4% from 2023 to 2032.

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The beverage sector will maintain its leadership position during the forecast period

By application, the beverage segment accounted for the highest market share in 2022, accounting for more than a quarter of the global sweeteners market revenue, and is expected to maintain its leadership position during the forecast period. Additionally, the top-of-the-table sweeteners segment is expected to register the highest CAGR of 7.7% from 2023 to 2032.

The supermarket and hypermarket sector will maintain its leadership position during the forecast period

By distribution channel, the supermarket and hypermarket sector ranked first Highest market share In 2022, it will account for more than one-third of the global sweeteners market revenue, and is expected to maintain its leadership position over the forecast period. In addition, the online store segment is expected to achieve the highest CAGR of 6.9% from 2023 to 2032.

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The Asia-Pacific region will maintain its dominance by 2032

By region, Asia Pacific has the highest market share in terms of revenue in 2022, accounting for nearly half of the global sweeteners market revenue. In addition, the Middle East and Africa region is expected to witness the fastest CAGR of 6.3% from 2023 to 2032.

The most prominent competitors in the market: –

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Wilmington, Delaware. Allied Market Research provides global organizations as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their market domain.

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