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Report Overview
The global alternative sweetener market attained a value of nearly USD 4.9 billion in 2023. The market is further expected to grow at a CAGR of 5.0% during the forecast period of 2024-2032 to reach a value of USD 7.6 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Alternative Sweetener Market Size
The global alternative sweetener market is expected to grow at a CAGR of 5.0% during the period 2024-2032. An increase in the incidence and prevalence of obesity and its consequences, the negative effects of high-energy diets with low levels of physical activity, and growing awareness of the negative effects of a high intake of free sugars have forced consumers to seek alternative sweeteners. These factors are expected to drive the global market. North America, Europe and Asia are expected to be key markets.
Alternative Sweetener Market Report Snapshots
Alternative Sweetener Market Size
Alternative Sweetener Market Growth
Alternative Sweetener Market Trends
Alternative Sweetener Companies
Alternative Sweetener Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global alternative sweetener market is projected to grow at a CAGR of 5.0% between 2024 and 2032.
The major drivers of the market include the negative effects of high energy diets with low levels of physical activity, growing health concerns among consumers, increase in demand for low-calorie sweeteners, high economic growth rate, increase in purchasing power, and development in new food habits.
Increase in the incidence and prevalence of obesity and growing awareness of the negative effects of high intake of sugar are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products in the market are high intensity sweetener (HIS), low intensity sweetener (LIS), and high fructose syrup (HFS).
The different sources of alternative sweeteners include natural and synthetic.
The major applications of the market are food and beverages and pharmaceuticals, among others.
The major players in the industry are Archer Daniels Midland Company, Ajinomoto Co., Inc., Tate & Lyle Plc, Ingredion Incorporated, Cargill, Incorporated, International Flavors & Fragrances Inc. (DuPont Nutrition & Health), and Amai Proteins Ltd., among others.
In 2023, the market reached a value of approximately USD 4.9 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.6 billion by 2032.
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