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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global High Intensity Sweeteners Market Size
The global high intensity sweeteners market reached a value of nearly USD 6.72 billion in 2023. The market is further expected to grow at a CAGR of 4.70% in the forecast period of 2024-2032. By 2032, the market is projected to reach an estimated value of USD 8.69 billion.
The global high intensity sweeteners industry is significantly impacted by the sweeteners market, which reached a value of around USD 81.7 billion in 2020. Within the sweeteners industry, sugar is the leading type, controlling a significant share in the market by value. While sugar substitutes account for less than a quarter of the market, the rising health consciousness and continuous availability of the products are expected to drive the growth of the segment in the coming years. High intensity sweeteners (HIS) followed sugar as the second largest segment in the sweeteners industry. Within the HIS industry, aspartame is the leading type, accounting for more than 30% of the global market share. The growing demand for aspartame is attributed to its increased application in pharmaceuticals and beverage industries. China is the largest manufacturer of the type, having seven of the major aspartame manufacturers located within the country. Apart from China, the European Union, Japan, and South Korea are the leading producers of aspartame.
The major high-intensity sweeteners producing countries include China, accounting for around 75% of their global production. China is followed by the United States, Western Europe, and others. Asia Pacific is the largest region, accounting for 35.5% of the global market. It is followed by Europe, North America, and Latin America. The Middle East and Africa is expected to witness a robust growth in the coming years, driven by the product’s rising demand within the region. This growing demand can be attributed to the expanding food and beverage industry.
High Intensity Sweeteners Market Report Snapshots
High Intensity Sweeteners Market Size
High Intensity Sweeteners Market Analysis
High Intensity Sweeteners Companies
*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 high intensity sweeteners market reached a value of USD 6.72 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.70% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 8.69 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, growing food and beverage industry, and cost-effectiveness of high-intensity sweeteners.
The introduction and approval of new high intensity sweeteners by regulatory authorities like the FDA and rising use of high-intensity sweeteners in soda are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The various types of high intensity sweeteners include aspartame, acesulfame, sucralose, saccharin, cyclamate, and stevia, among others.
The applications of high intensity sweeteners in the market include beverage, food, health care, and tabletop sweeteners, among others.
The leading players in the global high intensity sweeteners market are Sinosweet Co., Ltd., Vitasweet Co., Ltd., Anhui Jinhe Industrial Co., Ltd., Cargill Inc., Ingredion Incorporated, Celanese Corporation, Pure Circle, and Tate & Lyle PLC, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124