Natural Sweetener Market Size, Share, COVID-19 Impact, Opportunities And Trends By Type (Processed, Unprocessed), By Application (Dairy, Beverages, Confectionary And Bakery, Processed Food, Others), And By Geography - Forecasts From 2019 To 2024
- Published : Apr 2021
- Report Code : KSI061612492
- Pages : 119
The natural sweetener market is projected to grow at a CAGR of 6.14% to reach US$13.935 billion in 2024 from US$9.748 billion in 2018. Natural sweetener refers to a food additive used as a sugar substitute, it is derived from natural food sources without the use of any added chemicals and is thought to be sweeter than sugar. The natural sweeteners market is analyzed through types, applications, and geography. Natural sweeteners are of various types such as honey, coconut sugar, stevia plant, blackstrap molasses, real maple syrup, monk fruit, brown rice syrup, etc. These natural sweeteners are considered to be better and safer for consumption owing to the fact that they are stemmed from natural resources and do not have any chemicals added to the process, or to the end products, which as a result has become more appealing to the ever-growing health-conscious individuals in the world.
Geographically, Asia Pacific is evaluated to hold a significant market growth rate during the forecast period because of the quick urbanization as well as the rise in disposable income. The North American and the European regions are expected to hold a high share in the market on account of high consumption of beverages, confectionaries, nutritional and dairy products, which are some of the most notable areas where Natural sweeteners are used as well as current trends in these regions concerning leading a healthier lifestyle.
DRIVERS
Increasing investments and research in sugar substitutes
Due to the low/non-caloric value of various natural sweeteners, it is the perfect substitute for people aiming to lose weight
Growing health-conscious population preferring low-calorie food options
RESTRAINTS
Availability of substitutes
Allergic reactions caused by natural sweeteners
Stringent government regulations
INDUSTRY UPDATE
In May 2018, Coca-Cola launched a Coke in New Zealand that has been 100% sweetened with the Stevia Leaf.
Major industry players profiled as part of the report are Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Tate and Lyle PLC, Dupont, Madhava Honey, Ltd., Lakanto, Wholesome Sweeteners Inc., Whole Earth Sweetener Co., LLC, Herboveda India Pvt. Ltd., among others.
Natural Sweetener Market Scope:
Report Metric | Details |
Market size value in 2018 | US$9.748 billion |
Market size value in 2024 | US$13.935 billion |
Growth Rate | CAGR of 6.14% from 2018 to 2024 |
Base year | 2018 |
Forecast period | 2019–2024 |
Forecast Unit (Value) | USD Billion |
Segments covered | Type, Application, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Tate and Lyle PLC, Dupont, Madhava Honey, Ltd., Lakanto, Wholesome Sweeteners Inc., Whole Earth Sweetener Co., LLC, Herboveda India Pvt. Ltd. |
Customization scope | Free report customization with purchase |
Segmentation
The natural sweetener market has been analyzed through the following segments:
By Type
Processed
Unprocessed
By Application
Dairy
Beverages
Confectionary and Bakery
Processed food
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the natural sweetener market size by 2024?
A1. The natural sweetener market is projected to reach a total market size of US$13.935 billion by 2024.
Q2. What is the size of the global natural sweetener market?
A2. Natural Sweetener Market was valued at US$9.748 billion in 2018.
Q3. What are the growth prospects for the natural sweetener market?
A3. The global natural sweetener market is projected to grow at a CAGR of 6.14% during the forecast period.
Q4. Who are the major players in the natural sweetener market?
A4. Major industry players profiled as part of the natural sweetener market report are Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Tate and Lyle PLC, Dupont, Madhava Honey, Ltd., Lakanto, among others.
Q5. Which region holds the largest market share in the natural sweetener market?
A5. The North American and European regions are expected to hold a high share in the natural sweetener market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. NATURAL SWEETENER MARKET BY TYPE
5.1. Processed
5.2. Unprocessed
6. NATURAL SWEETENER MARKET BY APPLICATION
6.1. Dairy
6.2. Beverages
6.3. Confectionary and Bakery
6.4. Processed Food
6.5. Others
7. NATURAL SWEETENER MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Cargill, Inc.
9.2. Archer Daniels Midland Company
9.3. Ingredion Incorporated
9.4. Tate and Lyle PLC
9.5. Dupont
9.6. Madhava Honey, Ltd.
9.7. Lakanto
9.8. Wholesome Sweeteners Inc.
9.9. Whole Earth Sweetener Co., LLC
9.10. Herboveda India Pvt. Ltd.
LIST OF FIGURES
LIST OF TABLES
DISCLAIMER
Cargill, Inc.
Archer Daniels Midland Company
Ingredion Incorporated
Tate and Lyle PLC
Dupont
Madhava Honey, Ltd.
Lakanto
Wholesome Sweeteners Inc.
Whole Earth Sweetener Co., LLC
Herboveda India Pvt. Ltd.
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