Artificial sweeteners are taking the world by storm. Their intense sweetness and ability to cut calories are driving a surge in the global market, fueled by the growing demand for low-calorie products. An FMI report delves deeper, analyzing the market's success factors, potential challenges, and exciting opportunities. It even equips you with investment insights and strategic tools to help you capitalize on this booming market.
NEWARK, Del, March 27, 2024 /PRNewswire/ -- According to Future Market Insights (FMI) updated report, the global artificial sweetener market value is forecast to total US$ 2,710.0 million in 2024. A CAGR of 2.9% is on the cards for the market, with global artificial sweetener sales set to total US$ 3,600 million by 2034.
Demand remains particularly high for aspartame owing to its multiple advantages, including high sweetness and affordability. As per the latest analysis, the target segment will generate significant revenue in the market, recording a CAGR of 2.8%.
Download the Sample PDF report to explore key market insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-95
Multiple factors are providing impetus for the growth of the artificial sweetener industry. These include growing demand for low-calorie products, rising health awareness, escalating prevalence of lifestyle diseases, and expanding artificial sweetener usage in the food & beverage sector.
Consumers are increasingly aware of the potential drawbacks of excessive sugar intake, including weight gain, diabetes, and other health concerns. This awareness leads them to seek low-calorie or calorie-free alternatives to traditional sugar. Artificial sweeteners offer a readily available solution, allowing individuals to manage their weight and maintain a healthier lifestyle while still enjoying sweetness in their food and beverages.
The growing popularity of diet and low-calorie products creates a surge in demand for artificial sweeteners. Manufacturers rely on these sweeteners to formulate sugar-free and low-sugar versions of popular beverages like soft drinks, sports drinks, and even coffee and tea.
Sugar-free desserts like yogurt, ice cream, and baked goods utilize artificial sweeteners to maintain a sweet taste without the added calories of sugar, catering to a wider consumer base. Thus, high consumption of these products will directly propel sales of artificial sweeteners.
Key Takeaways from the Artificial Sweetener Industry Report:
- The global artificial sweeteners industry is forecast to reach US$ 3,600 million by 2034.
- By product type, the aspartame segment is set to record a CAGR of 2.8%.
- Based on end-users, the food & beverages segment will rise at 3.5% CAGR through 2034.
- Demand in Japan is forecast to grow at 3.0% CAGR between 2024 and 2034.
- Revenue in the United States is set to reach US$ 810.4 million by 2034.
- India is poised to record a CAGR of 2.8% through 2034.
"Artificial sweeteners are witnessing steady demand owing to the rising health consciousness and growing prevalence of lifestyle diseases." says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
DuPont, Cargill, Nestlé S.A., Associated British Foods PLC, and Archer Daniels Midland Company are key artificial sweetener manufacturers and suppliers listed in the report. These companies are focusing on expanding their portfolios by introducing new products. They also use strategies such as acquisitions, advertisements, partnerships, agreements, and mergers to stay relevant in the market.
For instance,
- In January 2021, Roquette and AnalytiCon Discovery invested in research and development to develop Brazzein.
Purchase now and gain full access to the Artificial Sweetener Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global artificial sweetener industry, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the artificial sweetener market based on product type (aspartame, acesulfame k, saccharin, sucralose, and neotame), end-user (food and beverages, pharmaceuticals, direct sales, and other end users), and application (bakery goods, sweet spreads, confectionery, and chewing gums, beverages, dairy products, and other applications) across several regions.
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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