Sweeteners Market Size, Trends, Growth drivers, CAGR Status, Revenue and Future Outlook
Sweeteners Market Growth, Size, Trends Analysis- By Type, By Form, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: FMCG2576 | Pages: 1 - 272 | Formats*: |
| Category : Consumer & Retail | |||
Sweeteners Market Introduction and Overview
According to SPER Market Research, the Global Sweeteners Market is estimated to reach USD 111.43 billion by 2034 with a CAGR of 2.68%.
The report includes an in-depth analysis of the Global Sweeteners Market, including market size and trends, product mix, Applications, and supplier analysis.
The fast-food and bakery industries are expanding due to changing lifestyles and food habits, driving the growth of the sweeteners market. Sweeteners are used in bakery products not only for sweetness but also for their ability to enhance texture, moisture, shelf life, and appearance. The rising health consciousness among consumers is fueling the demand for honey and artificial sweeteners, as people seek healthier, more nutritious options. Additionally, the growing preference for natural products is contributing to market growth. Manufacturers are offering various sugar substitutes like xylitol, mannitol, erythritol, stevia, and honey to meet the increasing global demand. However, he sweeteners market faces challenges such as regulatory hurdles, concerns over the health effects of artificial sweeteners, and fluctuating raw material prices.
By Type: Sucrose, commonly known as table sugar, is the dominant sweetener in the market, primarily produced from sugarcane and sugar beets through a refinement process. It occurs naturally in various fruits, vegetables, and nuts and is widely used in the baking industry due to its ability to provide structure and consistency to baked goods. Tagatose, on the other hand, is gaining significant attention for its health benefits and properties similar to sucrose. Its popularity is rising globally, with the pharmaceutical industry increasingly investing in its research for potential uses in treating dental decay, obesity, and type II diabetes.
By Form: The solid form of sweeteners dominates the market, largely due to their availability in crystalline or powdered forms, which offer several advantages such as ease of transportation, packaging, stability, and versatile applications. Solid sweeteners are commonly used in the food and beverage industry as coating and bulking agents in confectionery, bakery products, and other food items. Their convenient physical properties make them easy to use, contributing to a growing preference for solid sweeteners over liquid alternatives.
By Application: In 2024, the bakery and confectionery sector accounted for the largest revenue share, exceeding 35%. Sweeteners are primarily used as sweetening agents in these food products and are essential ingredients in baked goods. They are heavily utilized in yeast-based and chemically leavened items like cakes and cookies. Additionally, sweeteners serve various roles, including bulking agents, coloring agents, humectants, texturizers, and shelf-life extenders. In bakery and confectionery products, sweeteners are categorized as either caloric or non-nutritive sweeteners.
By Regional Insights: Asia Pacific led the market, driven by the rapid growth of economies like China and India. The region holds significant potential for the food and beverage industry, with a younger population increasingly adopting Western diets. This shift is expected to boost demand for premium beverages and confectionery products, leading to higher imports of sweeteners. Additionally, countries like China and India are major producers and consumers of sweeteners like sucrose.
Market Competitive Landscape
The market is moderately consolidated. Some of the market key players are ADM, Ingredion, Cargill, Incorporated, Roquette Frères, Tate & Lyle, Foodchem International Corporation, PureCircle, Pyure Brands LLC, Beeyond the Hive, Dabur India Ltd., Kerry Group plc, Ajinomoto Co., Inc., and others.
Recent Developments:
- In March 2023, Tate & Lyle (UK) teamed up with IMCD (Belgium) in Brazil to boost the distribution of sweeteners, fibers, starches, and stabilizing solutions. This partnership enhanced Tate & Lyle’s presence and reach in the Brazilian sweeteners market, contributing to its growth.
- In March 2021, Cargill, Incorporated (US) and DSM (Netherlands) formed a joint venture named Avansya to produce EverSweet, a stevia sugar substitute, at a commercial scale. This collaboration helped meet the increasing demand for reduced-calorie food and beverages.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Form, By Application. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | ADM, Ingredion, Cargill, Incorporated, Roquette Frères, Tate & Lyle, Foodchem International Corporation, PureCircle, Pyure Brands LLC, Beeyond the Hive, Dabur India Ltd., Kerry Group plc, Ajinomoto Co., Inc., and others. |
Key Topics Covered in the Report
- Global Sweeteners Market Size (FY’2021-FY’2034)
- Overview of Global Sweeteners Market
- Segmentation of Global Sweeteners Market By Type (Sucrose, High-fructose Corn Syrup, Polyol Sweeteners/Sugar Alcohols, High Intensity Sweeteners, Allulose, Tagatose, Cambya, Others)
- Segmentation of Global Sweeteners Market By Form (Solid, Liquid)
- Segmentation of Global Sweeteners Market By Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts, Pharmaceuticals, Others)
- Statistical Snap of Global Sweeteners Market
- Expansion Analysis of Global Sweeteners Market
- Problems and Obstacles in Global Sweeteners Market
- Competitive Landscape in the Global Sweeteners Market
- Details on Current Investment in Global Sweeteners Market
- Competitive Analysis of Global Sweeteners Market
- Prominent Players in the Global Sweeteners Market
- SWOT Analysis of Global Sweeteners Market
- Global Sweeteners Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Sweeteners Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Sweeteners Market
7. Global Sweeteners Market, By Type, (USD Million) 2021-2034
7.1. Sucrose7.2. High-fructose Corn Syrup7.3. Polyol Sweeteners/Sugar Alcohols
7.3.1. Sorbitol7.3.2. Xylitol7.3.3. Mannitol7.3.4. Maltitol7.3.5. Isomalt7.3.6. Erythritol7.3.7. Lyxitol7.3.8. Others
7.4. High Intensity Sweeteners
7.4.1. Aspartame7.4.2. Sucralose7.4.3. Saccharin7.4.4. Cyclamates7.4.5. Acesulfame Potassium (Ace- K)7.4.6. Stevia7.4.7. Monk Fruit (Luo Han Guo)7.4.8. Brazzein7.4.9. Others
7.5. Allulose7.6. Tagatose7.7. Cambya7.8. Others
8. Global Sweeteners Market, By Form, (USD Million) 2021-2034
8.1. Solid8.2. Liquid
9. Global Sweeteners Market, By Application, (USD Million) 2021-2034
9.1. Bakery & Confectionery9.2. Beverages9.3. Dairy & Frozen Desserts9.4. Pharmaceuticals9.5. Others
10. Global Sweeteners Market, (USD Million) 2021-2034
10.1. Global Sweeteners Market Size and Market Share
11. Global Sweeteners Market, By Region, 2021-2034 (USD Million)
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. ADM
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Ingredion
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Cargill, Incorporated
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Roquette Frères
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Tate & Lyle
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Foodchem International Corporation
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. PureCircle
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Pyure Brands LLC
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Beeyond the Hive
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Dabur India Ltd.
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments\
12.11. Kerry Group plc
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. Ajinomoto Co., Inc.
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Sweeteners Market is projected to reach USD 111.43 billion by 2034, growing at a CAGR of 2.68% during the forecast period.
Sweeteners Market grew in Market size from 2025. The Market is expected to reach USD 111.43 billion by 2034, at a CAGR of 2.68% during the forecast period.
Sweeteners Market CAGR of 2.68% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Sweeteners Market size is USD 111.43 billion from 2025 to 2034.
Sweeteners Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Sweeteners Market.
The key players in the Market include Companies Covered ADM, Ingredion, Cargill, Incorporated, Roquette Frères, Tate & Lyle, Foodchem International Corporation, PureCircle, Pyure Brands LLC, Beeyond the Hive, Dabur India Ltd., Kerry Group plc, Ajinomoto Co., Inc., and others.
The fast-food and bakery industries are expanding due to changing lifestyles and food habits, driving the growth of the sweeteners market. Sweeteners are used in bakery products not only for sweetness but also for their ability to enhance texture, moisture, shelf life, and appearance. The rising health consciousness among consumers is fueling the demand for honey and artificial sweeteners, as people seek healthier, more nutritious options.
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