Market Size of Specialty Sweeteners Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Specialty Sweetener Market Analysis
Global specialty sweeteners market is projected to grow at a CAGR of 5.5% during the forecast period.
- The market is primarily driven by extensive application spectrum of specialty sweeteners across various end-user sectors. The increasing health concerns and negative consumer opinions about sugar and other high calories have brought high-intensity natural sweeteners and polyols on a center-stage. This trend is expected to remain strong during the forecast period.
- Based on the type, natural sweeteners are expected to witness higher growth rates owing to their clean label claims, however, the sensory profiles associated with these ingredients continue to remain a formulation challenge for manufacturers and processors.
- The growth in demand for specialty sweeteners in industrial and non-industrial applications and changing consumer preferences have accelerated its growth in the North American market.
Specialty Sweetener Industry Segmentation
The speciality sweetener market is segmented by type as starch sweeteners and sugar alcohols, and high-intensity sweeteners (HIS). Starch sweeteners and sugar alcohols include dextrose, HFCS, maltodextrin, sorbitol, xylitol, others. The other starch sweeteners and sugar alcohols include glucose syrup, glucose-fructose syrup, fructose-glucose syrup, isoglucose, fructose, mannitol, maltitol, erythritol, lactitol, isomalt. High-Intensity sweeteners include sucralose, aspartame, saccharin, cyclamate, ace-k, neotame, stevia and others. The other HIS includes glycyrrhizin, mogroside V, Luo Han Guo, thaumatin, mountain. By application as dairy, bakery, beverages, confectionery, soups, sauces and dressings and others.
| By Product Type | ||||||||||
| ||||||||||
|
| By Application | |
| Dairy | |
| Bakery | |
| Soups, Sauces and Dressings | |
| Confectionery | |
| Beverages | |
| Others |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Specialty Sweeteners Market Size Summary
The specialty sweetener market is experiencing significant growth, driven by its diverse applications across various sectors and the increasing consumer shift towards healthier alternatives to sugar. As health concerns rise, high-intensity natural sweeteners and polyols are gaining prominence, with natural sweeteners expected to see substantial growth due to their clean label claims. However, manufacturers face challenges in formulating these ingredients due to their sensory profiles. The North American market is witnessing accelerated growth due to changing consumer preferences and increased demand in both industrial and non-industrial applications. The food and beverage industry is trending towards ingredients that offer health benefits and clean-label claims, with new product innovations in snacking and confectionery highlighting the importance of specialty sweeteners.
The market's expansion is further fueled by the rising awareness and consumption of dietary foods, alongside the growing population of overweight, obese, and diabetic individuals, particularly in regions like India, which is facing a diabetes epidemic. The demand for sweeteners such as aspartame, sucralose, and stevia is on the rise, reflecting the market's response to these health challenges. Continuous innovation in modified specialty sweeteners with functional benefits is a key competitive factor, prompting major global players like Cargill, Pure Circle, Ingredion, and Tate & Lyle to invest heavily in research, development, branding, and marketing. This strategic focus aims to meet the unprecedented demand for specialty sweeteners in various formulations.
Specialty Sweeteners Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Starch Sweeteners and Sugar Alcohols
-
2.1.1.1 Dextrose
-
2.1.1.2 High Fructose Corn Syrup (HFCS)
-
2.1.1.3 Maltodextrin
-
2.1.1.4 Sorbitol
-
2.1.1.5 Xylitol
-
2.1.1.6 Others
-
-
2.1.2 High Intensity Sweeteners (HIS)
-
2.1.2.1 Sucralose
-
2.1.2.2 Aspartame
-
2.1.2.3 Saccharin
-
2.1.2.4 Cyclamate
-
2.1.2.5 Ace-K
-
2.1.2.6 Neotame
-
2.1.2.7 Stevia
-
2.1.2.8 Others
-
-
-
2.2 By Application
-
2.2.1 Dairy
-
2.2.2 Bakery
-
2.2.3 Soups, Sauces and Dressings
-
2.2.4 Confectionery
-
2.2.5 Beverages
-
2.2.6 Others
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Spain
-
2.3.2.2 United Kingdom
-
2.3.2.3 Germany
-
2.3.2.4 France
-
2.3.2.5 Italy
-
2.3.2.6 Russia
-
2.3.2.7 Rest of Europe
-
-
2.3.3 Asia Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East and Africa
-
2.3.5.1 South Africa
-
2.3.5.2 United Arab Emirates
-
2.3.5.3 Rest of Middle East and Africa
-
-
-
Specialty Sweeteners Market Size FAQs
What is the current Specialty Sweeteners Market size?
The Specialty Sweeteners Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Specialty Sweeteners Market?
Tate & Lyle PLC, Cargill, Incorporated, Archer Daniels Midland Company, DuPont and Stevia First Corporation are the major companies operating in the Specialty Sweeteners Market.
