Global Table Top Sweeteners Market – Industry Trends and Forecast to 2029

Global Table Top Sweeteners Market, By Type (Saccharin, AspartameAcesulfame Potassium (ACE-K), Sucralose, Neotame, Advantame, Steviol Glycosides Luo Han Guo Fruits Extracts (Monk Fruit), Product (Natural, Artificial), Applications (Online Retail, Offline Retail) – Industry Trends and Forecast to 2029

Market Analysis and Size

Due to increased consumer awareness in food selection, the food and beverage industry is expected to undergo a few structural changes in 2022. The trend toward sustainable, regenerative, plant-based, and immunity-boosting foods and beverages is driving up demand for the category.

Data Bridge Market Research analyses that the table top sweeteners market was valued at USD 2.3 billion in 2021 and is expected to reach the value of USD 4.72 billion by 2029, at a CAGR of 9.40% during the forecast period of 2022-2029.

Market Definition

Sweeteners are substances other than sugar that are used to sweeten food or beverages. Sweeteners are not harmful to one's health. Sweeteners of various types include saccharin, apartame, advantame, and neotame, with stevia being a popular low-calorie sweetener.

Report Scope and Market Segmentation

Table Top Sweeteners Market Dynamics

Drivers

• Growing health-consciousness and increased awareness of healthy foods

Consumers have become more aware of their nutritional needs in recent years as a result of new product launches and growing awareness about preventive healthcare alternatives. As a result of growing health consciousness, consumers are now making healthier choices when it comes to the consumption of various food and beverage products. Recent consumer trends include a demand for low-calorie, low-sugar, and all-natural & organic ingredient-based products, owing to the various health benefits provided and rising incidences of chronic diseases worldwide as a result of unhealthy dietary lifestyles.

• The rise in production of sugarcane around the world

The global market for table top sweeteners has grown rapidly over the years as a result of the high consumption and production of sugarcane. Sugarcane, due to its high output, is one of the most widely cultivated tropical crops in the world. The majority of the world's sugar comes from sugarcane, with the rest coming from corn and other sources. Due to its low calorie benefit and ability to increase food value, the increased use of table top sweeteners as a food additive in the food and beverage industry is driving market growth.

Opportunity

To meet the growing consumer demand for health-promoting products, researchers are developing new lines of natural sweetener products. Successful sweetener market research and development for the production of safer and better products to cater to the increasing consumer demand for safe, health-benefiting products would create a huge growth opportunity for the sweeteners market, and thus for the table top sweeteners market, in the coming years.

Restraints

Many scientists, however, feel that excessive sugar consumption can lead to major health concerns such type II diabetes, heart disease, obesity, and, in some circumstances, cancer. More solid proof, however, is required. It can also affect the body's metabolism, according to specialists. This could limit the expansion of the market for tabletop sweeteners.

This table top sweeteners market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Table top sweeteners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Table Top Sweeteners Market

The global pandemic of COVID-19 disease is becoming a major impediment to the global economy and has an impact on the growth of the food and beverage industry. Food manufacturers have reduced production of major food products. Foodservice restaurant sales have also decreased as consumption of away-from-home food products has decreased. The production of food-grade table top sweeteners has also been hampered because it is primarily derived from sugarcane and trade and processing of agricultural products have been halted. As a result, the COVID-19 disease outbreak would have only a minor impact on the table top sweeteners market.

Recent Development

• Tate & Lyle will release the VANTAGE sweetener solution design tools in July 2020. It is a collection of new and innovative sweetener solution design tools, as well as an education programme, for creating sugar-reduced food and drinks with low-calorie sweeteners.
• ADM and Aston Foods (Russia) formed a joint venture in Russia for sweeteners and starches in July 2019. This aided the company's expansion into the Russian natural sweeteners market.

Global Table Top Sweeteners Market Scope

The table top sweeteners market is segmented on the basis of type, product, and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Saccharin
• Aspartame
• Acesulfame Potassium (ACE-K)
• Sucralose
• Neotame
• Advantame
• Steviol Glycosides Luo Han Guo Fruits Extracts (Monk Fruit)

Application

• Online retail
• Offline retail

Product

• Natural
• Artificial

Table Top sweeteners Market Regional Analysis/Insights

The table top sweeteners market is analysed and market size insights and trends are provided by country, of source of type, product, and applications as referenced above.

The countries covered in the table top sweeteners market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.

North America and Europe accounted for the great majority of market share because of the presence of key market players, considerable investment in R&D, technologically advanced methods of manufacturing, and the availability of raw materials in the area. The rising use in the pharmaceutical and food and beverage industries, the Asia Pacific region accounted for the second-largest table top sweeteners market. Due to the presence of market important companies and the country's enormous population, China leads the market, however India is the fastest-growing market due to the usage of innovative manufacturing techniques and rising income levels.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Table Top Sweeteners Market Share Analysis

The table top sweeteners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to table top sweeteners market.

Some of the major players operating in the table top sweeteners market are:

• DuPont (US)
• ADM (US)
• Tate & Lyle (UK)
• Ingredion Incorporated (US)
• Cargill Incorporated (US)
• Roquette Frères (France)
• PureCircle Ltd (US)
• MacAndrews & Forbes Holdings Inc. (US)
• JK Sucralose Inc. (China)
• Ajinomoto Co. Inc. (Japan)