Naturally Derived Sweeteners Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The Naturally Derived Sweeteners Market is projected to grow from USD 9,625 million in 2024 to USD 15,691.58 million by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period.
This market growth is largely driven by rising awareness about the health risks of excessive sugar consumption, such as obesity, diabetes, and cardiovascular diseases. As a result, there is an increasing demand for healthier alternatives to traditional sugar. Additionally, the growing prevalence of health conditions such as diabetes and obesity has increased the need for low-calorie, sugar-free, and naturally derived sweeteners in both food and beverages. A greater consumer preference for plant-based and organic food products further supports this trend. Advancements in extraction and production technologies have also made these sweeteners more affordable and accessible, accelerating their adoption across various applications.
Market Drivers
Growing Prevalence of Lifestyle Diseases
The increasing incidence of lifestyle-related diseases like obesity, diabetes, and heart disease is one of the primary drivers for the demand for naturally derived sweeteners. These sweeteners, which have a minimal impact on blood sugar levels, are particularly beneficial for people managing diabetes or at risk for other related conditions. As both developed and emerging economies push to reduce sugar consumption, food manufacturers are innovating to incorporate these healthier alternatives. For instance, Cargill’s Zerose® erythritol is widely used in sugar-free and reduced-sugar products, further contributing to the market’s growth.
Market Challenges Analysis
High Production Costs
A significant challenge in the naturally derived sweeteners market is the high cost of production. The extraction methods for certain sweeteners, such as stevia and monk fruit, require specialized techniques that can be expensive. These production processes, along with the need for quality control and raw material sourcing, contribute to higher overall prices. As a result, naturally derived sweeteners can be more costly than traditional sugar, which limits their adoption, especially in price-sensitive markets or lower-income regions. Additionally, some natural sweeteners, such as stevia, are known for having a bitter aftertaste, which can deter consumers accustomed to the taste of sugar. While blends and flavor masking technologies have helped mitigate these issues, achieving a sugar-like taste profile without compromising on health benefits remains a challenge for manufacturers.
Market Segmentation
By Product Type
Honey
Molasses
Monk Fruit Sugar
Agave Syrup
Palm Sugar
Coconut Sugar
Lucuma Fruit Sugar
Stevia
Maple Syrup
Natural Sweetener Blends
By Form
Liquid
Powder
Crystals
By Nature
Organic
Conventional
By Sales Channel
Online Sales Channel
Company Website
E-commerce Platform
Offline Sales Channel
Supermarkets/Hypermarkets
Departmental Stores
Convenience Stores
Other Sales Channels
By End Use
Beverages
Powdered Drinks and Mixes
Fruit Drinks & Juice
Carbonated Drinks
Others
Food
Confectionery
Dairy Products
Canned Food
Bakery Goods
Sweet Spreads
Others
Personal Care
Tabletop Sweeteners
Pharmaceuticals
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Key Player Analysis
Cargill, Inc.
Stevia First Corporation
Tate & Lyle PLC
Pure Circle Ltd.
Ingredion Incorporated
Archer Daniels Midland Company
Chr. Hansen Holding A/S
Ajinomoto Co., Inc.
Swedish Oat Fiber AB
Beneo GmbH
SweeGen, Inc.
GLG Life Tech Corporation
The Naturally Derived Sweeteners Market is projected to grow from USD 9,625 million in 2024 to USD 15,691.58 million by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period.
This market growth is largely driven by rising awareness about the health risks of excessive sugar consumption, such as obesity, diabetes, and cardiovascular diseases. As a result, there is an increasing demand for healthier alternatives to traditional sugar. Additionally, the growing prevalence of health conditions such as diabetes and obesity has increased the need for low-calorie, sugar-free, and naturally derived sweeteners in both food and beverages. A greater consumer preference for plant-based and organic food products further supports this trend. Advancements in extraction and production technologies have also made these sweeteners more affordable and accessible, accelerating their adoption across various applications.
Market Drivers
Growing Prevalence of Lifestyle Diseases
The increasing incidence of lifestyle-related diseases like obesity, diabetes, and heart disease is one of the primary drivers for the demand for naturally derived sweeteners. These sweeteners, which have a minimal impact on blood sugar levels, are particularly beneficial for people managing diabetes or at risk for other related conditions. As both developed and emerging economies push to reduce sugar consumption, food manufacturers are innovating to incorporate these healthier alternatives. For instance, Cargill’s Zerose® erythritol is widely used in sugar-free and reduced-sugar products, further contributing to the market’s growth.
Market Challenges Analysis
High Production Costs
A significant challenge in the naturally derived sweeteners market is the high cost of production. The extraction methods for certain sweeteners, such as stevia and monk fruit, require specialized techniques that can be expensive. These production processes, along with the need for quality control and raw material sourcing, contribute to higher overall prices. As a result, naturally derived sweeteners can be more costly than traditional sugar, which limits their adoption, especially in price-sensitive markets or lower-income regions. Additionally, some natural sweeteners, such as stevia, are known for having a bitter aftertaste, which can deter consumers accustomed to the taste of sugar. While blends and flavor masking technologies have helped mitigate these issues, achieving a sugar-like taste profile without compromising on health benefits remains a challenge for manufacturers.
Market Segmentation
By Product Type
Honey
Molasses
Monk Fruit Sugar
Agave Syrup
Palm Sugar
Coconut Sugar
Lucuma Fruit Sugar
Stevia
Maple Syrup
Natural Sweetener Blends
By Form
Liquid
Powder
Crystals
By Nature
Organic
Conventional
By Sales Channel
Online Sales Channel
Company Website
E-commerce Platform
Offline Sales Channel
Supermarkets/Hypermarkets
Departmental Stores
Convenience Stores
Other Sales Channels
By End Use
Beverages
Powdered Drinks and Mixes
Fruit Drinks & Juice
Carbonated Drinks
Others
Food
Confectionery
Dairy Products
Canned Food
Bakery Goods
Sweet Spreads
Others
Personal Care
Tabletop Sweeteners
Pharmaceuticals
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Key Player Analysis
Cargill, Inc.
Stevia First Corporation
Tate & Lyle PLC
Pure Circle Ltd.
Ingredion Incorporated
Archer Daniels Midland Company
Chr. Hansen Holding A/S
Ajinomoto Co., Inc.
Swedish Oat Fiber AB
Beneo GmbH
SweeGen, Inc.
GLG Life Tech Corporation
Table of Contents
198 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. Naturally Derived Sweeteners Market Snapshot
- 2.1.1. Naturally Derived Sweeteners Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3 : Naturally Derived Sweeteners Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. Naturally Derived Sweeteners Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : Naturally Derived Sweeteners Market – BY By Product Type ANALYSIS
- CHAPTER NO. 7 : Naturally Derived Sweeteners Market – BY By Form ANALYSIS
- CHAPTER NO. 8 : Naturally Derived Sweeteners Market – BY By Nature ANALYSIS
- CHAPTER NO. 9 : Naturally Derived Sweeteners Market – BY Sales Channel ANALYSIS
- CHAPTER NO. 10 : Naturally Derived Sweeteners Market – BY By End Use ANALYSIS
- CHAPTER NO. 11 : COMPANY PROFILES
- 11.1. Cargill, Inc.
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio
- 11.1.3. Swot Analysis
- 11.1.4. Business Strategy
- 11.1.5. Financial Overview
- 11.2. Stevia First Corporation
- 11.3. Tate & Lyle PLC
- 11.4. Pure Circle Ltd.
- 11.5. Ingredion Incorporated
- 11.6. Archer Daniels Midland Company
- 11.7. Chr. Hansen Holding A/S
- 11.8. Ajinomoto Co., Inc.
- 11.9. Swedish Oat Fiber AB
- 11.10. Beneo GmbH
- 11.11. SweeGen, Inc.
- 11.12. GLG Life Tech Corporation
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