Meticulous Research®, a premier global market research firm, has published a comprehensive report titled "High-Intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Natural, Artificial), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others) - Global Forecast to 2034."
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According to this latest publication, the global high-intensity sweeteners market is projected to reach $5.37 billion by 2034, with a compound annual growth rate (CAGR) of 5% from 2024 to 2034. In terms of volume, the market is expected to reach 113,049.6 tons by 2034, growing at a CAGR of 3.1% during the same period. Key drivers of this market growth include the rising demand for functional foods, increasing incidences of diabetes and obesity, and a growing preference for natural high-intensity sweeteners. Additionally, taxes on sugar-sweetened beverages and the expanding use of high-intensity sweeteners in the beverage industry are fueling market growth. However, market expansion is challenged by stringent government regulations, potential adverse health effects of sugar substitutes, and raw material price fluctuations.
Emerging economies and increased R&D efforts to develop sugar-free products present significant growth opportunities for stakeholders. Challenges such as product labeling and claims issues persist, while the demand for clean-label products and healthier lifestyles are prominent trends in the market.
Key Market Players: Leading players in the global high-intensity sweeteners market include Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), The NutraSweet Co. (U.S.), Ajinomoto Co., Inc. (Japan), Südzucker AG (Germany), HSWT France SAS (France), Zhucheng Haotian Pharm Co., Ltd. (China), Guilin Layn Natural Ingredients Corp (China), and STEVIALITE Holding (Colombia).
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Market Segmentation: The report provides a detailed analysis of the market segmented by product, source, form, application, and geography:
• Product: The sucralose segment is projected to dominate the market in 2024 due to its extensive application in food and beverages, long shelf-life, and minimal quantity requirement for sweetness. The rising health consciousness and acceptance of sucralose as a safe sweetener further boost this segment's growth.
• Source: The natural high-intensity sweeteners segment is expected to register a higher CAGR from 2024 to 2034, driven by the growing preference for natural ingredients, clean-label products, and the increasing use of stevia and other natural sweeteners by major food and beverage companies.
• Form: Solid high-intensity sweeteners are anticipated to hold a larger market share in 2024 due to benefits like ease of handling, transportation, and storage, along with a longer shelf-life and better mixability in various applications.
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• Application: The beverage segment is forecasted to lead the market in 2024, driven by the health benefits of high-intensity sweeteners, new product developments, and the growing demand for sugar-free and natural health drinks.
• Geography: North America is expected to account for the largest market share in 2024, attributed to the high prevalence of obesity and diabetes, health and wellness trends, a robust food and beverage industry, and strong demand for sugar-free products.
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