Global Artificial Sweetener Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Artificial Sweetener Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame, and Other Types), Application (Bakery Products, Dairy Products, Confectionery, Beverages, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Artificial Sweetener Market was valued at USD 2,558.8 million in 2023 and is expected to reach USD 3,271.8 million by 2031 while growing at a CAGR of 3.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global artificial sweetener market growth. Artificial sweeteners, sugar substitutes with no caloric content, offer sweetness much more potent than sugar. Widely used for calorie reduction and blood sugar management, they are favored by those seeking health-conscious alternatives.
Increasing health awareness and the rising prevalence of diabetes and obesity propel the growth of the artificial sweetener market. Nevertheless, obstacles like health concerns, consumer perception, and regulatory scrutiny, along with the approval process, may impede market expansion.
Furthermore, the global artificial sweetener industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Artificial Sweetener Market is segmented among Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame, and Other Types, based on Type. In 2023, Aspartame accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Artificial Sweetener Market is segmented among Bakery Products, Dairy Products, Confectionery, Beverages, and Other Applications, based on Application. In 2023, Beverages accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Artificial Sweetener Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Tate & Lyle, Cargill Inc., Archer Daniels Midland, Ingredion Inc., Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., DuPont, Tereos SA, and GLG Life Tech Corporation.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Artificial Sweetener Market Dynamics
Drivers
Restraints
Opportunity
4. Global Artificial Sweetener Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Artificial Sweetener Market Segmentation, By Type
Global Artificial Sweetener Market Share Analysis, By Type
Global Artificial Sweetener Market Growth Analysis, By Type
Global Artificial Sweetener Market Trends, By Type
o Aspartame
o Acesulfame K
o Saccharin
o Sucralose
o Neotame
o Other Types
6. Global Artificial Sweetener Market Segmentation, By Application
Global Artificial Sweetener Market Share Analysis, By Application
Global Artificial Sweetener Market Growth Analysis, By Application
Global Artificial Sweetener Market Trends, By Application
o Bakery Products
o Dairy Products
o Confectionery
o Beverages
o Other Applications
7. Global Artificial Sweetener Market Segmentation, By Region
Global Artificial Sweetener Market Share Analysis, By Region
Global Artificial Sweetener Market Growth Analysis, By Region
Global Artificial Sweetener Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Tate & Lyle*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Cargill Inc.
Archer Daniels Midland
Ingredion Inc.
Roquette
Ajinomoto Co. Inc.
JK Sucralose Inc.
DuPont
Tereos SA
GLG Life Tech Corporation
*Similar analysis will be provided for each company listed above.