Meticulous Research: High-intensity Sweeteners Market to Be Worth USD5.37bn by 2034
According to a new market research report on High-intensity Sweeteners by Meticulous Research, the high-intensity sweeteners market is projected to reach USD5.37bn by 2034, at a CAGR of 5.0% from 2024 to 2034, while in terms of volume, this market is projected to reach 110,871 tons by 2034, at a CAGR of 2.9% from 2024 to 2034.
High-intensity sweeteners are ingredients that create the desired sweetness in products, even in small quantities. They contain less food energy than sugar-based sweeteners, making them zero-calorie or low-calorie sweeteners.
The rising demand for functional foods, the growing incidence of diabetes and obesity, increasing consumer preference for natural products, increasing taxes on sugary beverages, and the growing adoption of high-intensity sweeteners in the beverage industry are some of the factors driving the growth of the global high-intensity sweeteners market. However, stringent government regulations, the adverse health impacts of sugar substitutes, and fluctuating raw material prices restrain the growth of this market. Furthermore, the growing popularity of high-intensity sweeteners in emerging economies and increasing R&D for the development of sugar-free products are expected to provide market growth opportunities for the stakeholders in this market. However, product labeling & claim issues are a major challenge in the high-intensity sweeteners market.
Additionally, the rising demand for clean-label products and the increasing adoption of healthy lifestyles are prominent trends in the high-intensity sweeteners market.
Among all the product segments covered in this report, the stevia segment is expected to account for the largest share of the global high-intensity sweeteners market in 2024. The stevia is further segmented into Rebaudioside A, Rebaudioside D, Rebaudioside M, and other stevia products. In 2024, the Rebaudioside A segment is expected to account for the largest share of 30.3% of the global stevia market. This segment’s large market share is primarily attributed to its wide range of functional properties, accessibility, low cost compared to other stevia types, and ease of use in a variety of applications.
Among all the types studied in this report, the artificial high-intensity sweeteners segment is expected to account for the larger market share of 65.2% of the global high-intensity sweeteners market in 2024. The large market share of this segment is attributed to the wide availability, lower cost, and higher shelf life of artificial high-intensity sweeteners compared to natural high-intensity sweeteners and their extensive range of applications.
Among all the forms studied in this report, the solid segment is projected to register a higher CAGR of 5.1% during the forecast period of 2024–2034 due to the high concentration and ease of use of powdered high-intensity sweeteners due to their high mixability. Additionally, ease of handling, transportation, and storage; wide availability; better shelf life; and effective product formulation are further expected to drive the growth of this market.
Geographically, the Asia-Pacific region is slated to register the highest CAGR of 5.7% during the forecast period of 2024–2034. The growth of this regional market is attributed to factors such as changing lifestyles, the emerging trend of healthy food & food ingredients, increasing awareness about the health benefits of sugar-free products, rapid urbanization, and the growing prevalence of diabetes and obesity in the region. In addition, the government has imposed taxes on sugar-sweetened products, which drives the demand for high-intensity sweeteners from food manufacturers.