Sweeteners Market Overview, Industry Size, Share, and Trends by 2028

Global sweeteners market anticipates reaching USD 125.1 billion by 2028, with a 3.1% CAGR from 2023 to 2028. Beyond food and beverages, sweeteners influence personal care and pharmaceuticals, enhancing taste without the drawbacks of sugar.

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Subsections:

  1. Personal Care Impact: Sweeteners, like xylitol, find applications in oral care products, chewing gums, and cosmetics.

  2. Pharmaceutical Palatability: Sucralose, aspartame, and saccharin improve medication taste, especially for pediatric formulations.

  3. Drivers: Sweeteners respond to the global rise in obesity and diabetes, providing low-calorie and sugar-free alternatives.

  4. Restraints: Consumer ambiguity on natural sweeteners hampers market growth, driven by varied interpretations and taste concerns.

  5. Opportunities: Government regulations on sugar content create a demand for healthier alternatives, opening avenues for sweetener innovation.

  6. Challenges: Product labeling issues pose challenges, with misleading claims eroding consumer trust and necessitating transparent practices.


Key Players: Industry leaders shaping the sweeteners market include Cargill, ADM, International Flavors & Fragrances Inc., Ingredion Incorporated, Tate & Lyle, Associated British Foods, Südzucker AG, and Ajinomoto Co., Inc.


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