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Pulished Date April, 2021
ID: 6516
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Specialty Sweeteners Market By Application (food Sector, Beverages Sector And Others) , By Type ( Natural And Artificial) And By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the World) - Global Industry Size, Share, Scope, Growth, Trends, And Forecast Research Report 2021-2026

Pulished: April, 2021
ID: 6516
Pages: 175

Specialty Sweeteners Market Size and Growth Rate Analysis:

Specialty Sweeteners Market is expected to experience moderate growth to record a CAGR of 5.5% throughout the forecast period 2021-2026. Specialty sweeteners are used as food additives to stimulate a feeling of sweetness during consumption. Researchers have advanced and found the sugar substitute to sweeten foods, which is called specialty sweeteners. The usefulness of Speciality sweeteners is increasing worldwide, while the use of sugar has become less and less prevalent in the past decade. Speciality sweeteners are widely associated with the food and beverage industry as an ingredient. It has obtained a great response in the manufacture of food products due to its flavor, convenience and nutritional benefits. Consumers are changing their preference for healthy and safe products. Increasing awareness of the health benefits of reducing sugar consumption is driving demand for Speciality sweeteners. 

Impact of COVID-19 on global Speciality Sweeteners Market:

The COVID-19 (Coronavirus) pandemic has forced many companies in the specialty sweetener market to suspend their business activities to comply with new government decisions. This operational disruption has a direct impact on the revenue stream of the specialty sweetener market. Therefore, companies in the specialty sweetener market can purchase our reports, which present a new analysis of COVID-19 and its impact on the market landscape. Growing consumer demand for sugar-free products is expected to spur growth in the global specialty sweetener market. Consumers are turning to forgiving food to help them overcome disorders caused by COVID-19. American consumers purchased approximately 50% more salty snacks in March than in the same period last year, as sales of potato pretzels and popcorn increased 30% respectively. As consumers face the possibility of spending weeks at home, retailers are moving away from low-calorie snacks in favor of long-lasting, non-perishable options. Snack brands like Frito-Lay, Pringles and Herrs are seeing unexpected demand for their products.

Recent Developments

  1. February 2018: GLG Life Tech Corp launched its Reb M line of sweeteners in collaboration with Archer Daniels Midland Company. These sweeteners are made from GLG Life Tech's exclusive Reb M Dream Sweetener high stevia leaf.
  2. In February 2018, PepsiCo added aspartame to its flagship product Diet Pepsi. PepsiCo adds aspartame to its flagship Diet Pepsi. The company removed the controversial ingredient in 2015 but recovered it in limited quantities a year after reactions from brand loyalists. The aspartame-free version will continue to be available, but only through e-commerce.
  3. In March 2019, the world's leading producer and innovator of stevia-based sweeteners, PureCircle announced that it had received approval for the extended use and applications of its next generation of stevia leaf sweetener, Reb M, in Singapore. This allows food and beverage companies to use this delicious flavor ingredient in the low calorie and low-calorie products sold in Singapore.
  4. Amyris, Inc., a leader in the development and production of sustainable ingredients for the health and wellness, clean beauty and fragrance and fragrance markets, has announced the acceleration of the commercialization of its new sweetener derived from sugar cane calorie-free in 2019. Amyris and its partners are launching the next wave of sweeteners that are better for you, better for the planet.
  5. Graycliff Partners LP is pleased to announce that it has completed the acquisition of Sweeteners Plus, Inc. ("Sweeteners"), a manufacturer and distributor of liquid and dry essential sweeteners for restaurants, specialty drinks, bakeries, confectionery and pharmaceuticals, among others.
  6. In July 2008, Chr. Hansen sold its Speciality sweeteners division to American Sugar Refining as part of its refocusing strategy in the United States. Shortly after PAI Partners acquired Chr Hansen last year, it was decided to divest from the company's sweetening activities.

Market Drivers and Restraints:

Food manufacturers are aware of consumer demand for sugar-free products due to its various benefits, such as a lower risk of disease and illness, low calorie food, weight loss, etc. The growing admiration and consumption of sugar-free products is anticipated to absolutely stimulus specialty sweeteners. The urbanization and increasing popularity of healthy foods have made consumers more focused on sugar-free diets. Various advantages related to specialty sweeteners have augmented the call for sugar-free products, such as confectionery, household consumption, baked goods, and others. The graphical representation of the consumption of sugar substitutes is an encouraging trend that should stimulate the market for special sweeteners, although end user industries are still looking for an ideal substitute for sugar, current practice is to adopt a 'mix approach to meet the flavor and functionality associated with sweetening agents. The shift from consumers to private label, sugar-free products has led to demand for specialized sweeteners. The growth of these specialty sweetener applications is expected to increase their utility in the manufacture of sugar-free foods. 

Bakery and confectionery products are emerging with strong demand from consumers around the world. These sectors use a large number of special sweeteners in the manufacture of their products. Among specialty sweeteners, the demand for nutritive sweeteners dominated the market due to their natural and healthy properties associated with non-nutritive sweeteners. They are caloric sweeteners and tend to digest in the body. Therefore, it contains a value for dietary energy in the form of carbohydrates. Manufacturers use sweeteners for their flavor and textural benefits in the manufacture of various food products. Aspartame, neotame and others are different types of non-nutritive sweeteners popular on the market. The demand for bakery and confectionery products is increasing, as is the consumption of specialized sweeteners in the market. IDT's fruit-based products and beverages are other sectors where special sweeteners are used. The manufacturing cost of specialized sweeteners is quite high, which translates to the final cost of the products. The accessibility factor in several developing countries allows consumers to buy real sugar, which is available at low market prices.

Specialty Sweeteners Market Segmentation Analysis:

Based on Application:                 

  • Food sector            
  • Confectionary
  • Baked products
  • Frozen desserts
  • Others
  • Beverages sector  
  • Others       

Based on Type:                             

  • Natural     
  • Artificial    

Regional Analysis

The global Speciality Sweeteners market has been categorized based on geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Asia Pacific is among the leading consumers of these sweeteners across the world. Consumers are looking for sugar-free products to control various diseases, which is raising the call for sweeteners among consumers. The increasing disposable income and health awareness among consumers is developing the need in several nations like India and China. There is surge in population, resulting in more obesity and diabetic patients. Diabetic patients prefer special sweeteners to avoid associated disease problems, which are expected to increase sales of special sweeteners in the region. Sugar sickness is a big health problem in this locale. The root cause of diabetes is attributed to adiposity (obesity) and this energy imbalance is very significant, especially in urban India. According to official estimates from the World Health Organization (WHO), there has been a tremendous 100% growth in diabetic patients in India in the last 15 years. Aspartame and sucralose are the best known sweeteners in the SU segment. Stevia is also experiencing significant demand in the natural sweeteners category.

Leading Company:

Cargill Inc. had the largest share of the Speciality Sweeteners Market in terms of sales revenue in 2020.

Leading Key Companies Covered in this market are:

Some of the major companies dominating the market, by their products and services include Coca Cola Company, PepsiCo.Inc, Cargill Inc., Nestle S.A, Ingredion, Roquette, Tate &Lyle, Evolva Holding, Florida Crystal, Galam, GLG Life Tech, Herboveda, Hermes Sweetener, Imperial Sugar, Ingredion, JK Sucralose, McNeil Nutritionals, Morita Kagaku Kogyo, NutraSweet, Pure Circle, Sunwin Stevia International, US Sugar, Wisdom Natural Brands, Zevia, and Zydus Wellness.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                   

               1.3 Base Currency, Base Year and Forecast Periods   

               1.4 General Study Assumptions                  

2. Research Methodology                                          

               2.1 Introduction               

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation   

               2.3 Analysis Design                         

               2.4 Study Timeline                          

3. Overview                                     

               3.1 Executive Summary                 

               3.2 Key Inferences                          

               3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

               4.1 Market Drivers                         

               4.2 Market Restraints                    

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market                 

5. Market Segmentation                              

               5.1 Application                 

                              5.1.1 Introduction           

                              5.1.2 Food sector            

                                             5.1.2.1 Confectionary

                                             5.1.2.2 Baked products

                                             5.1.2.3 Frozen desserts

                                             5.1.2.4 Others

                              5.1.3 Beverages sector  

                              5.1.4 Others       

                              5.1.5  Y-o-Y Growth Analysis, By Application         

                              5.1.6  Market Attractiveness Analysis, By Application

                              5.1.7  Market Share Analysis, By Application          

               5.2 Type                             

                              5.2.1 Introduction           

                              5.2.2 Natural     

                              5.2.3 Artificial    

                              5.2.4 Y-o-Y Growth Analysis, By Type       

                              5.2.5 Market Attractiveness Analysis, By Type       

                              5.2.6 Market Share Analysis, By Type       

6. Geographical Analysis                              

               6.1 Introduction               

                              6.1.1 Regional Trends     

                              6.1.2 Impact Analysis      

                              6.1.3 Y-o-Y Growth Analysis         

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Application

                                             6.1.3.3 By Type

                              6.1.4  Market Attractiveness Analysis       

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Application

                                             6.1.4.3 By Type

                              6.1.5  Market Share Analysis        

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Application

                                             6.1.5.3 By Type

               6.2 North America                          

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France       

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China         

                              6.3.3 India          

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea            

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa               

                              6.5.1 Introduction           

                              6.5.2 Middle-East            

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis              

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services  

                              7.2.5 Competitive Rivalry within the Industry        

8. Market Leaders' Analysis                                        

               8.1 Nestle S.A                   

                              8.1.1 Overview  

                              8.1.2 Product Analysis    

                              8.1.3 Financial analysis   

                              8.1.4 Recent Developments         

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View           

               8.2 Coca Cola company                

               8.3 PepsiCo Inc.               

               8.4 Cargill. Inc.                 

               8.5 Ingredion                    

               8.6 Zydus Wellness                         

               8.7 Roquette                    

               8.8 Tate & Lyle                 

               8.9 Hermes Sweetener                  

               8.10 NutraSweet                            

9. Competitive Landscape                                          

               9.1 Market share analysis                            

               9.2 Merger and Acquisition Analysis                         

               9.3 Agreements, collaborations and Joint Ventures    

               9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities    

Appendix                                          

               a) List of Tables                

               b) List of Figures              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms  Application, Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Specialty Sweeteners Market By Region, From 2019-2025( USD Billion )
  2. Global Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  3. Global Food sector Market By Region, From 2019-2025( USD Billion )
  4. Global Beverage sector Market By Region, From 2019-2025( USD Billion )
  5. Global Others Market By Region, From 2019-2025( USD Billion )
  6. Global Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  7. Global Artificial Market By Region, From 2019-2025( USD Billion )
  8. Global Natural Market By Region, From 2019-2025( USD Billion )
  9. North America Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  10. North America Food sector Market By Region, From 2019-2025( USD Billion )
  11. North America Beverage sector Market By Region, From 2019-2025( USD Billion )
  12. North America Others Market By Region, From 2019-2025( USD Billion )
  13. North America Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  14. North America Artificial Market By Region, From 2019-2025( USD Billion )
  15. North America Natural Market By Region, From 2019-2025( USD Billion )
  16. United States Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  17. United States Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  18. Canada Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  19. Canada Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  20. Europe Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  21. Europe Food sector Market By Region, From 2019-2025( USD Billion )
  22. Europe Beverage sector Market By Region, From 2019-2025( USD Billion )
  23. Europe Others Market By Region, From 2019-2025( USD Billion )
  24. Europe Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  25. Europe Artificial Market By Region, From 2019-2025( USD Billion )
  26. Europe Natural Market By Region, From 2019-2025( USD Billion )
  27. U.K. Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  28. U.K. Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  29. Germany Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  30. Germany Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  31. France Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  32. France Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  33. Italy Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  34. Italy Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  35. Spain Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  36. Spain Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  37. Asia Pacific Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  38. Asia Pacific Food sector Market By Region, From 2019-2025( USD Billion )
  39. Asia Pacific Beverage sector Market By Region, From 2019-2025( USD Billion )
  40. Asia Pacific Others Market By Region, From 2019-2025( USD Billion )
  41. Asia Pacific Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  42. Asia Pacific Artificial Market By Region, From 2019-2025( USD Billion )
  43. Asia Pacific Natural Market By Region, From 2019-2025( USD Billion )
  44. Japan Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  45. Japan Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  46. China Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  47. China Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  48. India Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  49. India Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  50. Australia Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  51. Australia Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  52. South Korea Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  53. South Korea Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  54. Latin America Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  55. Latin America Food sector Market By Region, From 2019-2025( USD Billion )
  56. Latin America Beverage sector Market By Region, From 2019-2025( USD Billion )
  57. Latin America Others Market By Region, From 2019-2025( USD Billion )
  58. Latin America Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  59. Latin America Artificial Market By Region, From 2019-2025( USD Billion )
  60. Latin America Natural Market By Region, From 2019-2025( USD Billion )
  61. Brazil Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  62. Brazil Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  63. Argentina Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  64. Argentina Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  65. Mexico Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  66. Mexico Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  67. Rest of Latin America Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  68. Rest of Latin America Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  69. Middle East and Africa Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  70. Middle East and Africa Food sector Market By Region, From 2019-2025( USD Billion )
  71. Middle East and Africa Beverage sector Market By Region, From 2019-2025( USD Billion )
  72. Middle East and Africa Others Market By Region, From 2019-2025( USD Billion )
  73. Middle East and Africa Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  74. Middle East and Africa Artificial Market By Region, From 2019-2025( USD Billion )
  75. Middle East and Africa Natural Market By Region, From 2019-2025( USD Billion )
  76. Middle East Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  77. Middle East Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  78. Africa Specialty Sweeteners Market By Application, From 2019-2025( USD Billion )
  79. Africa Specialty Sweeteners Market By Type, From 2019-2025( USD Billion )
  80. Global Specialty Sweeteners Market By Food sector, From 2019-2025( USD Billion )
  81. Global Confectionary Market By Region, From 2019-2025( USD Billion )
  82. Global Baked products Market By Region, From 2019-2025( USD Billion )
  83. Global Frozen desserts Market By Region, From 2019-2025( USD Billion )
  84. Global Others Market By Region, From 2019-2025( USD Billion )

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