In 2022, the Sweetener Market is expected to be worth US$ 109.4 billion. The sector is expected to be worth US$ 113.77 billion by the end of 2023. During the projection period, the sweetener industry is predicted to grow at a 3.7% CAGR and reach US$ 164.41 billion by 2033.
Report Sample Now https://www.futuremarketinsights.com/reports/sample/rep-gb-4505
The second-largest product group, natural sweeteners, hold a roughly 22% global market share. It is anticipated that this category would gain market share over the forecast period.
The main international rivals for sweeteners are expanding both financially and geographically. Furthermore, most businesses are concentrating on cost-cutting efforts because there aren’t many buyers and sellers.
Sweeteners’ most common application is in the food and beverage business. This segment generates almost 70% of current revenue. The food and beverage industry will be the most important application segment during the course of the prediction. In terms of revenue, the market will be worth approximately US$ 157.7 billion in 2032. Demand for the food and beverage business is expected to expand at a CAGR of 3.8% between 2022 and 2032.
Dairy goods and drinks are the two biggest sub-segments in the food and beverage industry. Together, these two sub-segments represent 40% of total revenue.
North America Sweeteners Market
In North America as well as the rest of the world, sucrose continues to be the most popular product category. In terms of sales, sucrose now holds a nearly 55% market share in North America. The demand for sucrose in the North American sweetener market will continue to rise as it is used in the food and beverage industry. Over 71% of North America’s revenue comes from the food and beverage sector, which will continue to be important during the projected period.
The growing demand for sweeteners in Asia Pacific, excluding Japan (APEJ), is largely due to expanding middle class awareness in China and India. It is anticipated that the market for APEJ sweeteners would expand steadily, providing businesses with new opportunities for expansion. Given the enormous volume and scope of the APEJ industry, a lot of firms are attempting to strengthen their positions.
Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.
Buy Now https://www.futuremarketinsights.com/checkout/4505
Sweetener Market: Segmentation
By Sweetener Type :
- novel sweeteners
- natural sweeteners
- sugar alcohol
- sucrose
- artificial sweeteners
By Industry :
- food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
- direct sales
- pharmaceuticals
- others.
By Region :
- Eastern Europe
- Japan
- Middle-East & Africa (MEA)
- Latin America
- Asia-Pacific excluding Japan (APEJ)
- Western Europe
- North America
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
