Natural Sweeteners Market Poised for Growth with Increasing Health Awareness
A recent report added to ResearchAndMarkets.com's offerings highlights the burgeoning growth of the global natural sweeteners market, estimated at $31 billion in 2023 and projected to reach $42.8 billion by 2030.
The report, titled "Natural Sweeteners - Global Strategic Business Report", reveals a compounded annual growth rate (CAGR) of 4.7% from 2023 to 2030. This escalation is fueled by increasing consumer awareness of health concerns associated with high sugar consumption and a growing preference for clean-label products.
The global shift towards healthier diets has spurred demand for low-sugar and low-calorie alternatives, further accentuated by the rising prevalence of obesity and diabetes. Natural sweeteners, derived from plants, are being adopted widely, offering a natural alternative to their artificial counterparts.
The report also highlights advancements in sweetener formulations, enhancing taste profiles and reducing aftertaste, thereby increasing their appeal to both consumers and manufacturers. The regulatory support and public health initiatives promoting reduced sugar intake have catalyzed this market's growth trajectory.
Emerging Applications Across Sectors
Natural sweeteners are finding increasing applications across various sectors, including food and beverage, bakery, dairy, and pharmaceuticals. In beverages, they are used to maintain sweetness in low-calorie drinks without adding extra calories, while in bakery products, they help produce sugar-free variants without compromising texture.
Market Insights and Projections
The High Intensity Sweeteners segment is expected to witness a significant growth trajectory, reaching $22.2 billion by 2030 with a CAGR of 4.9%. Geographic insights point to rapid growth in the Chinese market, estimated to grow at a 7.6% CAGR, reflecting broader global trends.
Featured Companies
Prominent players in the industry include Ajinomoto Co., Inc., Archer Daniels Midland Company, and Cargill, Inc., among others, who are actively engaging in innovative developments to capture market share.
For further information, the full report is accessible through ResearchAndMarkets.com, providing detailed analyses and data insights necessary for strategic business decisions.
