1. Market Research
  2. > Food Manufacturing Market Trends
FOOD SWEETENER MARKET - GROWTH, TRENDS, FORECAST (2019 - 2024)

FOOD SWEETENER MARKET - GROWTH, TRENDS, FORECAST (2019 - 2024)

  • April 2019
  • 204 pages
  • ID: 5778201
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The Global Food Sweetener Market is forecasted to reach USD 82.6 billion by 2024, growing at a CAGR of 1.71% during the forecast period (2019 - 2024). The market is dominated by sucrose (table sugar) with 77.2% market share recorded in 2018 and is severely impacted by the decline in prices recorded in 2014. According to FAO, the global sugar market witnessed more than 30% decline in prices. The market experienced slow growth in the next couple of years. However, with the decline of EU raw sugar imports, there was a further drop in global sugar prices in 2017. With the slow but increasing global demand, sugar exports are likely to increase from countries like Australia, the European Union and Thailand, which have all modernized their sugar industry in recent years. Brazil may remain the world’s major producer and exporter nevertheless.

Scope of the Report
The global sweeteners market studied in the report is categorized into bulk sweeteners and sugar substitutes, both of which are commercially used in the food and beverage industry. Bulk sweeteners are sub-segmented into sucrose, fructose, high-fructose corn syrup (HFCS), glucose and other bulk sweeteners and sugar substitutes are sub-segmented into sucralose, xylitol, stevia, aspartame, saccharine, thaumatin and other sugar substitutes. By application, the market is segmented into dairy and frozen products, bakery, beverages, confectionery and other applications.

Key Market Trends
Increasing Demand from Emerging Economies Due to Growing Urbanization and Rising Affluence

Shift in the preference for convenience, driven largely by urbanization, growing working-women population and rising household incomes, among others, are driving the demand for sweeteners in the emerging economies. Overall, the huge demand for food in developing countries has led the entire value chain to open markets for food sweeteners and to the entry of foreign players, thereby driving the demand for food sweeteners. The majority of countries with high absolute consumption of sugar fall in the category of emerging economies. Consequently, these nations bear a high burden of lifestyle diseases as pointed to by the World Health Organization (WHO).

Sucrose Holds the Largest Share of the Market

Sucrose is the chemical name for table sugar. It is commonly made from sugarcane but may also be prepared from beet juice. A sugar production deficit was experienced in 2015 after five years of production growth. While there are increases in sugar production in Brazil and smaller producing countries such as the Russia Federation, South Africa, and Australia, these are offset by decreases in production in Europe and some key Asian countries. It is forecast that sugarcane will account as the source for about 85% of the sugar output over the next decade although some increase in sugar beet production is expected in Egypt, the Russian Federation, the Ukraine and the European Union. India and Indonesia are expected to scale up consumption while maintaining exports. However, in response to new sugar excise tax on beverages, the industrial demand of sugar is likely to fall across Indonesia.

Competitive Landscape
The global food sweeteners market is currently dominated by Cargill, Tate & Lyle PLC, Stevia First Corp, Ingredion, Pure Circle, Sudzucker, AB Sugar, among others. Strong brand loyalty for brands like Cargill, Stevia First Corp and Tate & Lyle in the emerging countries is the primary reason for these players enjoying a strong foothold in these markets. Acquisitions and new product launches are the most preferred growth strategies. Leading companies are focused on expansion and partnerships.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($4950)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Specialty Food Ingredients Market Report: Insights, Trends & Forecast (2019-2023)

Global Specialty Food Ingredients Market Report: Insights, Trends & Forecast (2019-2023)

  • $ 1700
  • September 2019

The global specialty food ingredient market is estimated to reach US$73.96 billion in 2023, growing at a CAGR of 5.50% for the period spanning from 2018 to 2023. The factors such as rising global population, ...

Stevia Market - Growth, Trends, and Forecast (2019 - 2024)

Stevia Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • October 2019

Market OverviewThe stevia market is forecasted to reach USD 934 million by 2024. It is expected to witness a CAGR of 8.43% during the forecast period (2019-2024).- Increasing awareness of the health benefits ...

Middle East and Africa Flavored Syrup Market to 2027 - Regional Analysis and Forecasts by Flavor, Flavor Type and Application

Middle East and Africa Flavored Syrup Market to 2027 - Regional Analysis and Forecasts by Flavor, Flavor Type and Application

  • $ 3000
  • September 2019

The Middle East and Africa flavored syrup market is accounted to US$ 2,068.4 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 - 2027, to account to US$ 3,065.2 Mn by ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on