Specialty Sweeteners Market - Forecast(2021 - 2026)

Report Code: FBR 15994 Report Format: PDF + Excel (Delivery in 48 Hrs)

Specialty Sweeteners Market Overview

Specialty Sweeteners Market size is estimated to reach $3.52 Billion by 2026 and is poised to grow at a CAGR of 5.51% during the forecast period 2021-2026. Specialty Sweeteners are defined as food additives to stimulate a sense of sweetness during consumption. Researchers have advanced and found the sugar substitutes to sweeten the products, which is known as specialty sweeteners. The utility of the specialty sweeteners is increasing across the world, whereas the usage of sugar has become decreasingly popular since the last decade. Specialty sweeteners are extensively used in food and beverages sector as an ingredient. The market is primarily driven by a wide range of applications of specialty sweeteners across food and beverages sectors. Rising health concerns and consumer opinions about sugar and other high calories have brought high-density natural sweeteners and polyols to center stage. This trend is estimated to remain strong during the forecast period 2021-2026.

Specialty Sweeteners Market Report Coverage

The report: “Specialty Sweeteners Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Specialty Sweeteners Market.
By Category: Natural, Artificial. 
By Product Type: Starch sweeteners and sugar alcohols, High intensity sweeteners.
By Application: Food Sector, Beverages Sector.
By Geography: North America, Asia-Pacific, Europe, and Rest of World.

Key Takeaways

  • Geographically, North America is poised to see extraordinary development owing to the wide range of applications of specialty sweeteners, and changing consumers preferences in the region and is set to continue during the forecast period 2021-2026.
  • Based on Category, Natural specialty sweeteners are gaining demand owing to increase in the demand for natural sweeteners as the consumer's tendency is shifting towards natural products.
  • The excessive and long-term usage of Specialty Sweeteners leads to various disorders, which is estimated to restrain the market growth during the forecast period 2021-2026.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Specialty Sweeteners Market report.

Specialty Sweeteners Market Segment Analysis - By Category

The global Specialty Sweeteners Market based on Category can be further segmented into Natural, Artificial. The Natural segment registered for the highest revenue in 2020. This is owing to the increase in health awareness among consumers to encourage the demand for healthy food options, the increase in the demand for natural sweeteners owing to the consumer's great tendency towards natural products. The segment is gaining more popularity, as it has no side effects. The artificial segment is estimated to be the fastest-growing segment with a CAGR of 6.63% during the forecast period 2021-2026. This is owing to the rising demand for low-calorie sugar substitutes and sugar free products. The increased demand for sugar substitutes in various applications in the food and beverage industry is also driving the segment growth.

Specialty Sweeteners Market Segment Analysis - By Application

The global Specialty Sweeteners Market based on Application can be further segmented into Food Sector, Beverages Sector. The Food sector registers for the highest market share in 2020 owing to the growing demand for specialty sweeteners in bakery and confectionary products. The usage of specialty ingredients in processed foods like jams, jellies, and others are driving the growth of the segment. The beverages sector is estimated to be the fastest-growing segment owing to the rising importance of specialty sweeteners in ready-to-serve drinks.

Specialty Sweeteners Market Segment Analysis - By Geography

The global Specialty Sweeteners Market based on Geography can be further segmented into North America, Asia-Pacific, Europe, and the Rest of the World. North America held the largest share of 34.86% in 2020. The growth in demand for specialty sweeteners in industrial and non-industrial applications and shifting consumer preferences have accelerated market growth in the region. In addition, North America is a leading producer and consumer in the sweetener market, owing to the increasing demand for prepared foods, functional foods, and alternative sugar sources. Asia-Pacific is estimated to be the fastest-growing segment owing to the rising disposable income coupled with increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in specialty sweeteners.

Specialty Sweeteners Market Drivers

Robust demand from food and beverage Industries

New product development in the food and beverage industry is moving in favor of ingredients that have clean label claims and have a host of health benefits. The graphical representation of consumption of sugar substitutes represents an encouraging trend estimated to lead the specialty sweeteners market. Although food and beverage industries are still searching for an ideal sugar substitute, the current practice is to adopt a blending approach in order to achieve the taste and functionality associated with sweetening agents. 

Increase in demand for sugar-free foods

The rapid urbanization and growing popularity of healthy foods have made consumers to focus more on sugar-free and low-calorie foods. Many benefits associated with specialty sweeteners are driving the demand for sugar-free food items. The food manufacturers are experiencing the demand for sugar-free foods by the consumers owing to health benefits of specialty sweeteners. This is estimated to boost the market during the forecast period 2021-2026.

Specialty Sweeteners Market Challenges

Long-term usage of specialty sweeteners

The excessive and long-term usage causes diabetes, that interferes the body’s ability to regulate blood sugar. This factor is restraining the growth of the Specialty Sweeteners Market. Moreover, the high consumption of artificial sweeteners causes bloating, gastrointestinal disorders, and diarrhea. The high-intensity sweeteners, such as saccharin and aspartame, causes leukemia, and blood-related disorders, which even leads to death. These factors are estimated to restrict the market growth during the forecast period 2021-2026.

Specialty Sweeteners Market Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Specialty Sweeteners Market. Key companies of this market Nestle SA, PepsiCo Inc., Coca Cola Company, Pure Circle Ltd, Cargill. Inc., GLG Life Tech Corp, Stevia Corp, Imperial Sugar, Ingredion, Zydus Wellness, Tate & Lyle, and The Nutra Sweet Company.

Acquisitions/Product Launches:

  • In November 2020, Ingredion EMEA has expanded its portfolio of sugar reduction and specialty sweeteners solutions across Middle East and Africa regions, with the launch of Stablesweet LD low sugar glucose syrup. 
  • In December 2020, myris Inc. has launched PURECANE™ Brand Sweetener for the health-conscious consumers to satisfy their sweet tooth with a natural, zero-calorie sweetener. 
  • In March 2019, PureCircle Limited has launched the next generation Stevia leaf sweeteners.

1. Specialty Sweeteners Market- Overview
    1.1 Definitions and Scope
2. Specialty Sweeteners Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Category
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Specialty Sweeteners Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Specialty Sweeteners Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Specialty Sweeteners Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Specialty Sweeteners Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Specialty Sweeteners Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Specialty Sweeteners Market– By Category (Market Size –$Million/$Billion)
    8.1 Artificial
    8.2 Natural 
9. Specialty Sweeteners Market– By Product Type (Market Size –$Million/$Billion)
    9.1 Starch Sweeteners and sugar alcohols
        9.1.1 Dextrose
        9.1.2 High Fructose Corn Syrup
        9.1.3 Maltodextrin
        9.1.4 Sorbitol
        9.1.5 Xylitol
        9.1.6 Others
    9.2 High Intensity Sweeteners
        9.2.1 Aspartame
        9.2.2 Ace-K
        9.2.3 Cyclamate
        9.2.4 Saccharin
        9.2.5 Neotame
        9.2.6 Stevia
        9.2.7 Sucralose
        9.2.8 Others
10. Specialty Sweeteners Market– By Application (Market Size –$Million/$Billion)
    10.1 Food sector
        10.1.1 Bakery and Confectionery 
        10.1.2 Dairy products
        10.1.3 Soups
        10.1.4 Sauces
        10.1.5 Dressings
        10.1.6 Others
    10.2 Beverages sector
11. Specialty Sweeteners Market- By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Russia
        11.2.2 U.K.
        11.2.3 Germany
        11.2.4 France
        11.2.5 Italy
        11.2.6 Spain
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Specialty Sweeteners Market- Entropy
13. Specialty Sweeteners Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Specialty Sweeteners Market– Key Company List by Country Premium Premium
15. Specialty Sweeteners Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
1.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Dairy Market 2019-2024 ($M)
1.2.2 Bakery Market 2019-2024 ($M)
1.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
1.2.4 Confectionery Market 2019-2024 ($M)
1.2.5 Beverages Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 (Volume/Units)
3.1.2 High Intensity Sweeteners Market 2019-2024 (Volume/Units)
3.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Dairy Market 2019-2024 (Volume/Units)
3.2.2 Bakery Market 2019-2024 (Volume/Units)
3.2.3 Soups, Sauces and Dressings Market 2019-2024 (Volume/Units)
3.2.4 Confectionery Market 2019-2024 (Volume/Units)
3.2.5 Beverages Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
5.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Dairy Market 2019-2024 ($M)
5.2.2 Bakery Market 2019-2024 ($M)
5.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
5.2.4 Confectionery Market 2019-2024 ($M)
5.2.5 Beverages Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
7.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Dairy Market 2019-2024 ($M)
7.2.2 Bakery Market 2019-2024 ($M)
7.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
7.2.4 Confectionery Market 2019-2024 ($M)
7.2.5 Beverages Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
9.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
9.2 By Application Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Dairy Market 2019-2024 ($M)
9.2.2 Bakery Market 2019-2024 ($M)
9.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
9.2.4 Confectionery Market 2019-2024 ($M)
9.2.5 Beverages Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
11.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
11.2 By Application Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Dairy Market 2019-2024 ($M)
11.2.2 Bakery Market 2019-2024 ($M)
11.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
11.2.4 Confectionery Market 2019-2024 ($M)
11.2.5 Beverages Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Starch Sweeteners and Sugar Alcohols Market 2019-2024 ($M)
13.1.2 High Intensity Sweeteners Market 2019-2024 ($M)
13.2 By Application Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Dairy Market 2019-2024 ($M)
13.2.2 Bakery Market 2019-2024 ($M)
13.2.3 Soups, Sauces and Dressings Market 2019-2024 ($M)
13.2.4 Confectionery Market 2019-2024 ($M)
13.2.5 Beverages Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Specialty Sweeteners Market Revenue, 2019-2024 ($M)
2.Canada Specialty Sweeteners Market Revenue, 2019-2024 ($M)
3.Mexico Specialty Sweeteners Market Revenue, 2019-2024 ($M)
4.Brazil Specialty Sweeteners Market Revenue, 2019-2024 ($M)
5.Argentina Specialty Sweeteners Market Revenue, 2019-2024 ($M)
6.Peru Specialty Sweeteners Market Revenue, 2019-2024 ($M)
7.Colombia Specialty Sweeteners Market Revenue, 2019-2024 ($M)
8.Chile Specialty Sweeteners Market Revenue, 2019-2024 ($M)
9.Rest of South America Specialty Sweeteners Market Revenue, 2019-2024 ($M)
10.UK Specialty Sweeteners Market Revenue, 2019-2024 ($M)
11.Germany Specialty Sweeteners Market Revenue, 2019-2024 ($M)
12.France Specialty Sweeteners Market Revenue, 2019-2024 ($M)
13.Italy Specialty Sweeteners Market Revenue, 2019-2024 ($M)
14.Spain Specialty Sweeteners Market Revenue, 2019-2024 ($M)
15.Rest of Europe Specialty Sweeteners Market Revenue, 2019-2024 ($M)
16.China Specialty Sweeteners Market Revenue, 2019-2024 ($M)
17.India Specialty Sweeteners Market Revenue, 2019-2024 ($M)
18.Japan Specialty Sweeteners Market Revenue, 2019-2024 ($M)
19.South Korea Specialty Sweeteners Market Revenue, 2019-2024 ($M)
20.South Africa Specialty Sweeteners Market Revenue, 2019-2024 ($M)
21.North America Specialty Sweeteners By Application
22.South America Specialty Sweeteners By Application
23.Europe Specialty Sweeteners By Application
24.APAC Specialty Sweeteners By Application
25.MENA Specialty Sweeteners By Application