+91-8668442535

Alternative Sweeteners Market By Source (Natural Alternative Sweeteners, Artificial Alternative Sweeteners), By Type (High-fructose Corn Syrup (HFCS), High-intensity Sweeteners, Low-intensity Sweeteners), By Application (Food, Beverages, Tabletop Sweeteners, Personal Care, Pharmaceuticals) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The alternative sweeteners market is expected to reach US$ 1999.1 million by 2026, with a 4.7% CAGR during the forecast period from 2018 to 2026. In 2017, North America led the alternative sweeteners market, and Asia Pacific is estimated to be the fastest-growing region between 2018 and 2026.

Alternative sweeteners, commonly known as "sugar substitutes," are basically food additives that aim to provide a sweet taste similar to sugar and contain comparatively less food energy than other forms of sweeteners, which in turn makes them low- or zero-calorie sweeteners. Alternative sweeteners play an important role in improving the food's texture, taste, appearance, and color. These are also used as a replacement for the usual dietary sugars, which include sucrose and glucose, in diabetics. Sugar substitutes mainly find applications in food and beverages, tabletop sweeteners, pharmaceuticals, and the personal care industry.

Because of the rising health risks associated with sugar consumption, consumers' preference for healthy and low-calorie foods is expected to drive the alternative sweeteners market. Sugar is added to preserve the shelf life of food, thereby boosting the flavor and texture. However, overconsumption of sugar leads to weight gain and tooth decay and also increases the risk of diabetes, hypertension, and depression. Hence, consumers are shifting towards alternative sweeteners owing to the fact that these sweeteners contain fewer calories and play an important role in weight management. In addition, alternative sweeteners are also beneficial for diabetic patients as they aim to reduce blood sugar levels.

Hence, with the growing number of diabetic patients globally, the demand for alternative sweeteners is expected to rise during the forecast period from 2018 to 2026. In addition, the growing consumption of low-caloric food in various developing regions that, include the Middle East and Africa, Asia-Pacific, and Latin America, is estimated to propel the demand for sugar substitutes. As a result, key alternative sweetener manufacturers are focusing on providing safe and superior-quality products by using advanced technology.

Increasing demand for natural alternative sweeteners is another factor boosting the growth of the alternative sweeteners market during the forecast period from 2018 to 2026. Trends show that consumers' inclination toward natural and fresh food and beverage products is the prime factor boosting the growth of this segment. Growing demand for stevia, which is a zero-calorie sweetener, is mainly driving this segment.

Hence, various beverage companies, with the help of their research and development teams, are focusing on adding new low-calorie drinks to their product portfolios to cater to the growing demand of natural and healthy beverage consumers. For example, in March 2017, the Coca-Cola Company launched its first zero-calorie drink in Greece that is based on sweeteners from the stevia plant. This drink has the property of reducing the sweetness content by 37%. The company launched this stevia-based drink under its campaign "Taste the Feeling," which basically included beverages for different occasions to meet the growing demand of health-conscious consumers globally. Increasing demand for the food and beverage industry, followed by fluctuations in the supply and price of sugar, are other factors expected to bolster market demand during the forecast period.

Market Overview, Value (US$ Mn)

High-Fructose Corn Syrup (HFCS) Segment: Propelling the Growth of the Alternative Sweeteners Market

HFCS is a liquid sweetener that is generally used as a replacement for sucrose. Owing to its wide application in the food and beverage industry, the demand for this segment is expected to rise, which in turn is driving the alternative sweeteners market during the forecast period. In addition, benefits associated with HFCS, including sweetness, solubility, and acidity, are also expected to propel market growth. Increasing demand for carbohydrate drinks, soft drinks, jams, dairy products, and confectionery products is also propelling the growth of this market.

Cost-effectiveness compared to other alternative sweeteners is another factor bolstering the market growth. The HFCS segment is further bifurcated into HFCS 42, HFCS 55, HFCS 65, and HFCS 90. HFCS 42 is the most widely used type, and demand for it is expected to rise owing to its increasing application in processed foods, beverages, baked goods, and cereals. Hence, with the growing adoption of HFCS 42, the demand for high-fructose corn syrup is expected to rise, which in turn is expected to trigger the global market for alternative sweeteners.

In 2017, North America and Europe were the two most prominent regions in the global HFCS market. The U.S. held the largest revenue share in the North American region and is expected to maintain its dominance throughout the forecast period. As per the USDA, the U.S. export of HFCS has increased from 1.121 million metric tonnes (dry weight basis) to 1.124 million metric tonnes (dry weight basis) in the third quarter of 2017, which clearly indicates that demand for this segment is expected to rise during the forecast period from 2018 to 2026. Increasing government initiatives to raise consumer awareness, followed by the widespread adoption of HFCS by various food and beverage companies in this region, is driving growth in these regions during the forecast period.

The Natural Alternative Sweeteners segment is propelling the Alternative Sweeteners Market forward.

Monk fruit, coconut sugar, stevia, date sugar, raw honey, blackstrap molasses, maple syrup, and Xylitol are some of the natural alternative sweeteners that are used in food and beverages, pharmaceuticals, and the personal care industry. The incorporation of stevia in various soft drinks increased application in the food and beverage industry, and low side effects compared to artificial sweeteners are bolstering the growth of this segment during the forecast period.

Beverages were identified as the dominant application segment in 2017.

Growing alternative sweeteners' application in various beverages that, include soft drinks, ready-to-drink tea or coffee, milkshakes, and flavored water, among others, is expected to augment the demand for alternative sweeteners. In September 2018, the U.S. Food and Drug Administration (FDA) announced that beverage companies needed to adopt its nutrition facts panel, followed by a new line of added sugars. This will restrict the beverage companies' ability to include added sugar in their beverage products. Hence, the manufacturers are focusing on adopting alternative sweeteners that include stevia, monk fruit, Carolina sweet, and palatinose, among others, in their beverage products to reduce the added sugar content of various beverages.

For example, in 2018, Cargill launched EverSweet, a zero-calorie stevia sweetener, under its Truvia brand. This drink contains glycoside Reb A, which aims to reduce calories in its products. The company also claimed that the new product would offer heightened sweetness similar to real sugar. In addition, PepsiCo's 7Up was the first fizzy drink that was based on stevia sweetener and launched in India in 2016. This new product contains 30% less sugar and aims to cater to the growing obese population in this country. All these factors are expected to drive the beverages segment in the global alternative sweeteners market during the forecast period from 2018 to 2026.

North America is the largest region in the global market for alternative sweeteners.

Globally, North America accounted for the largest value share of the alternative sweeteners market. The growth is mainly attributed to the increased risk associated with various cardiovascular diseases, followed by a rising number of obese patients. In addition, the growing number of patients suffering from diabetes is also expected to augment the demand for alternative sweeteners in this region.

Soft drink consumption in this region has been declining as a result of consumer preference for a healthy lifestyle. In addition, the growing preference for various natural alternative sweeteners in products that include breakfast cereals, flavored sauces, and chocolates, among others, is another factor that is expected to bolster market growth in this region.

In 2017, the U.S. held the largest revenue share in the North American market. As per the Centers for Disease Control and Prevention (CDC), obesity prevalence in the U.S. was approximately 39.8%, which affected approximately 93.3 million adults in the country. Hence, consumers in this region are shifting from sugar consumption to natural alternatives to sweeteners, which in turn is driving the market in this region. The Asia Pacific region is expected to grow at a significant rate owing to the change in diet patterns and the increasing health benefits associated with alternative sweeteners.

Manufacturers' primary strategies are product expansion, followed by mergers and acquisitions.

Key players operating in the global alternative sweeteners market include Archer-Daniels-Midland Company, Roquette Frères S.A., Kerry Group Plc, Ajinomoto Co., Inc., Cargill Incorporated, Ingredion Incorporated, Global Sweeteners Holdings Limited, NutraSweet Company, E. I. Dupont De Nemours and Company, Tate & Lyle Plc, and Purecircle Ltd., among others. In 2017, Archer Daniels Midland Company entered into a partnership agreement with GLG Life Tech Corporation to offer various foods and beverages that are based on various alternative sweeteners that, include stevia and monk fruit.

The partnership will also facilitate the company's addition of two new alternative sweetener brands, VerySweet monk fruit, and SweetRight stevia, to its ingredient product portfolio. This new edition also aims to cater to the growing demand for lower-calorie, natural, and "no added sugar" foods and beverages. In April 2017, Ajinomoto Co., Inc. announced that its Advantame sweetener was approved for use in Canada. Owing to its cost-effectiveness and a sugar-like taste, the advantage acts as a replacement for high-potency and caloric sweeteners in food and beverages, thereby enhancing the taste. Hence, manufacturers in Canada are focusing on adopting this sweetener with the objective of managing sugar costs and reducing calories.

Periods of History and Forecast

This research considers 2017 as the base year and presents an analysis of segments from 2016 to 2026. In addition, the forecast period from 2018 to 2026 is considered for the compound annual growth rate (CAGR) calculation for each respective segment.

Report Scope by Segments

The alternative sweeteners market report represents an understanding of the current market dynamics and strategies. It also focuses on a quantitative and qualitative analysis of the overall market. The report covers the global alternative sweeteners market by categorizing it in terms of type, source, application, and geography. The purpose of publishing this comprehensive research report is to assist alternative sweeteners market stakeholders and professionals in strategic initiatives and decisions in the alternative sweeteners market.

ATTRIBUTE DETAILS 

  • Research Period 2016-2026  
  • The base Year 2017  
  •  Forecast Period 2018-2026  
  •  Historical Year 2016  
  •  Unit USD Million  

Segmentation Type Segment (2016-2026; millions of dollars)

High-Fructose Corn Syrup (HFCS)

  • HFCS 42
  • HFCS 55
  • HFCS 65
  • HFCS 90

High-intensity sweeteners

  • Stevia
  • Aspartame
  • Cyclamate
  • Sucralose
  • Saccharin
  • Ace-K
  • Glycrrhizin, Alitame, and Neotame (Other HIS)

Low-intensity sweeteners

  •   D-Tagatose
  •   Sorbitol
  •   Maltitol
  •   Xylitol
  •   Mannitol
  •   Erythritol
  •  Other (Isomalt, Hydrogenated Starch Hydrolysates, Lactitol, and Trehalose)

Source Segment (2016-2026; US Dollar Millions)

  • Artificial
  • Natural

Application Segment (2016-2026; millions of dollars)

Food

  • Confectionery and Bakery
  • Dairy Products
  • Others

Beverages

  • Soft drinks with carbonation
  • Others
  • Tabletop sweeteners
  • Personal Hygiene
  • Pharmaceuticals

Geography Segment (2016-2026; millions of dollars)

  • North America (United States and Canada)
  • Europe (the United Kingdom, Germany, and the rest of Europe)
  • Asia Pacific (China, India, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (GCC and the rest of the MEA)

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global elastomers market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • Who are the distributors, traders, and dealers of alternative sweeteners?
  • What is expected to be the largest source, type, and application segments in the market during the forecast period from 2018 to 2026?
  • What are the fastest-growing segments in the market for the forecast period?
  • What are the current market trends in the alternative sweeteners market, and what are the players' valuable opportunities?
  • How does the regulatory framework affect global as well as regional markets?
  • Which are the key players operating in the global market, and what are the strategies they have adopted?
  • What are the sales, revenue, business strategy, and product portfolio of the top manufacturers in the alternative sweeteners market?
  • What are the market size and trends in emerging and developed markets?

Frequently Asked Question:

The market for Alternative Sweeteners Market is expected to reach USD$ 19998.1 Mn in 2026.

The Alternative Sweeteners Market is expected to see significant CAGR growth over the coming years, at 4.7%.

The report is forecasted to 2018-2026.

The base year of this report is 2017.

Roquette Frères S.A., Kerry Group Plc, Ajinomoto Co., Inc., Cargill Incorporated, Ingredion Incorporated, Global Sweeteners Holdings Limited. are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Sep 2018
Category:  Food & Beverage
Report ID:   59306
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support