According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Naturally Derived Sweeteners are estimated to reach a value of US$ 17 billion by 2032, surging at 5.9 % CAGR through the decade.
The global market for natural sweeteners has been growing in recent years. A rise in customer health consciousness, that also encourages demand for healthier foods, an increment in demand for natural sweeteners due to the shift in customer preferences to organic products, and a growing demand for sugar alternatives in a variety of catering applications are driving the growth of this industry.
Over the course of the projected period, a significant increase in demand is anticipated for infant nutritional premix. The necessity for quick and nourishing baby nutrition has increased because to the massive migration of working mothers into metropolitan regions. Consumers now consider infant food to be a good substitute for nursing since they are aware of its possible health benefits.
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Key Takeaways from Market Study
- East Asia held the greatest market share in 2021, accounting for 37.8% of the total. Growing demand for stevia products, abundant raw resources, and greater investment by large corporations all contribute to the expansion of this industry..
- In 2021, the stevia category had the largest share due to rising demand for low-calorie items..
- Coconut sugar is predicted to grow at a CAGR of 6.4 percent between 2022 and 2032, making it the fastest-growing category.
- The Food and Beverage business had the biggest share in 2021, owing to a growing shift in consumer preference toward natural sugar and increased customer demand for new products..
- Authorities in developing countries such as India, China, Taiwan, and Indonesia are adopting strategies to draw foreign investors into their manufacturing sectors by lowering trade tariffs and levies in order to create more jobs..
“Naturally Derived Sweeteners fill the job of providing low-calorie and naturally sweetening qualities. increasingly engaging with beginning tactics such as focused marketing, CSR initiatives, and other strategies will lead to an increase the global significance.”, –says Nandini Roy Choudhury, Client Partner at Future Market Insights
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Competitive Landscape
Naturally derived Sweeteners have a strongly competitive global market. A common trend that can be noted across the board is that these companies are now striving to handle a certain business-related activity in a country with favourable legislation in order to save money while still employing industry specialists at critical points in their operations.
Some of the leading companies offering Naturally Derived Sweeteners are E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd..
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Naturally Derived Sweeteners presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Global Naturally Derived Sweeteners Market Segmentation
By Product Type:
- Stevia
- Palm Sugar
- Coconut Sugar
- Honey
- Maple Syrup
- Monk Fruit Sugar
- Agave Syrup
- Lucuma Fruit Sugar
- Molasses
- Natural Sweetener Blends
By Form:
- Powder
- Liquid
- Crystals
By Nature:
- Organic
- Conventional
By End Use:
- Food
- Bakery Goods
- Sweet Spreads
- Confectionery
- Dairy Products
- Canned Food
- Others
- Beverages
- Powdered Drinks and Mixes
- Carbonated Drinks
- Fruit Drinks & Juice
- Others
- Personal Care
- Pharmaceuticals
- Tabletop Sweetener
Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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.
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