Naturally derived sweeteners market size is estimated to reach a valuation of USD 9.6 Bn by 2022 and exceed USD 17 Bn by 2032, growing at a CAGR of 5.9% during the forecast period 2022-2032.
In recent years, the global natural sweeteners market has seen increasing trends. The growth of this industry is primarily driven by an increase in consumer health consciousness, which encourages demand for healthier food options, an increase in demand for natural sweeteners due to a shift in consumer preferences toward organic products, and a growing demand for alternatives of sugar in a variety of food and beverage applications.
Ascending consumer awareness about the consumption of naturally derived food ingredients is expected to continue underpinning the demand for naturally derived sweeteners over the upcoming years. Being perceived as a potential replacement to conventional sugars, naturally derived sweeteners are likely to demonstrate promising consumption through the next decade. High traction for plant-based sweeteners or those sweetening agents that contain only naturally sourced ingredients is expected to create several opportunities in the consolidated marketplace of naturally derived sweeteners. Furthermore, several governments are extending financial support to encourage natural ingredient cultivation, creating a favorable scenario for farmers especially in developing countries.
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Competition Landscape: Top Modified Naturally Derived Sweeteners Manufacturers
According to the market research E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd.
GLG Lifetech Corporation Wisdom Natural Brands (SweetLeaf Stevia), are among the key players in the naturally derived sweeteners market.
Because of the rising prevalence of diabetes and obesity among consumers around the world, there is a significant increase in demand for low-calorie and sugar-free products, which is expected to boost the growth of the Naturally Derived Sweeteners Market.
Global Naturally Derived Sweeteners Market Segmentation
By Product Type:
- Palm Sugar
- Coconut Sugar
- Maple Syrup
- Monk Fruit Sugar
- Agave Syrup
- Lucuma Fruit Sugar
- Natural Sweetener Blends
By End Use:
- Bakery Goods
- Sweet Spreads
- Dairy Products
- Canned Food
- Powdered Drinks and Mixes
- Carbonated Drinks
- Fruit Drinks & Juice
- Personal Care
- Tabletop Sweetener
- Offline Sales Channel
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
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Key Questions Answered in the Report
- How much is the naturally derived sweeteners market current worth?
Currently naturally derived sweeteners market is worth more than USD 9.1 Bn.
- At what CAGR is the market expected to grow?
Naturally derived sweeteners consumption is expected to grow at a CAGR of around 5.9% during the period 2022-2032.
- How was the performance in the last five years?
In terms of revenue, naturally derived sweeteners grew at a CAGR of around 4.7% during 2017-2021.
- What is boosting naturally derived sweeteners sales?
The primary factor driving the growth of the naturally derived sweeteners market is the rising consumer health consciousness.
- How are market players reacting to the new developments in the market?
Market players are opting for technological advancement, new product developments and production capacity expansion.
- How much share does the top 5 companies hold?
The top 5 producers of naturally derived sweeteners hold around 21% of the market share.
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