Fermented Sweeteners Market

Market Study on Fermented Sweeteners: Rising Popularity of Sugar-free Products to Bode Well for Market Expansion

Fermented Sweeteners Market Segmented By Liquid, Powder Fermented Sweeteners Form in Stevia, Erythritol, Aspartame, Neotame, Brown Rice Syrup Product type

Market Snapshot

As per a new study conducted on the fermented sweeteners market by Persistence Market Research, South Asia dominates the global market with around 25.35% volume share in 2021. In this market, the food & beverage industry has a market value of US$ 646.2 Mn in 2021, and is anticipated to reach US$ 1.28 Bn by 2031, due to increasing focus on sugar reduction in F&B products.

Overall, the fermented sweeteners market is worth US$ 1.06 Bn, and is projected to reach US$ 2.05 Bn by 2031.

Current Market Value (2021)

US$ 1.06 Bn

Projected  Market Value (2031)

US$ 2.06 Bn

Value CAGR (2021 to 2031)

6.8%

Top 5 Players’ Share

35%-45%

Find Out More about the Report Coverage

Companies

  • Cargill, Incorporated
  • Tereos
  • Ajinomoto Co., Inc
  • Archer Daniels Midland Company
  • Ingredion
  • Nantong Changhai Food Additive Co., Ltd.,
  • NOW Foods
  • Wilmar Sugar Pty Ltd.
  • WuHan HuaSweet Co., Ltd
  • Sanxinyuan Food Industry
  • Gulshan Polyols Ltd.
  • Sweeteners Plus LLC
  • Hylen Co., Ltd.,
  • Jungbunzlauer Suisse AG
  • Vitasweet Co., Ltd.
  • Evolva

Consumption Analysis of Fermented Sweeteners from 2016-2020 Vs Market Outlook for 2021-2031

From 2016-2020, the global market of fermented sweeteners expanded at a CAGR of 5.5%. Major market driver for fermented sweeteners is increasing use in various industries, including food & beverages, pharmaceuticals, nutraceuticals, and personal care & cosmetics. Fermented sweeteners are more favoured by manufacturers of food & beverage products due to their ability to impart sweetness without actually adding any sugar.

Major demanding regions of fermented sweeteners are North America followed by Europe. These regions are major growth accelerators among all geographies due to rapidly growing food & beverage industry. China holds a market share of more than 50%, and Japan has more than 35% in the East Asia market.

Germany is a major market for fermented sweeteners in the European region. The Latin America, and North America, markets are expected to reach US$ 128.3 Mn and US$ 355.2 Mn in valuation by 2031.

Overall, the global fermented sweeteners market is expected to surge at a CAGR of 6.8% from 2021 to 2031.

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Will Nutritional Transition Due to Prevailing Chronic Diseases Bolster Sales of Fermented Sweeteners?

Customers appear to be shifting toward a diet dominated by no-added-sugar foods throughout the world as a result of the nutritional revolution. Evidence shows that eating too much sugar is harmful to cardio-metabolic health, which is supported by several reviews and consensus reports from the World Health Organization and other sources.

Diabetes is linked to a number of health concerns, including glaucoma, renal disease, hypertension, and skin and foot issues. Obesity is on the rise among both, adults and children, as a result of long work hours with no physical activity.

The global diabetes population is rapidly increasing, creating a desire for a wider range of sugar substitutes. Due to health concerns, customer preferences have shifted over time, and they are now seeking no-sugar eatables.

  • According to data by the International Diabetes Federation, around 8.8% of the world’s population, which is around 415 million people, were living with diabetes in 2019. This number is expected to increase to 642 million by 2040.

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Why is There Increasing Application in Multiple End-use Industries for Fermented Sweeteners?

Sweeteners are chemical compounds that are added to a variety of oral medical preparations such as pills, syrup, suspension, and so on, to mask the undesirable taste or boost the impression of sweetness. Sweeteners are used in dietary supplements for a variety of reasons, including technological and organoleptic ones.

The industry for fermented sweeteners would benefit from rising demand for dietary supplements. In the personal care industry, usage of sweeteners is also on the rise. In personal care products, sweeteners such as aspartame and sugar alcohols are commonly utilized.

Sorbitol is a thickening and humectant that serves as a skin conditioner and aids in the retention of moisture in the skin and hair. It's also being viewed as a substitute for the petrochemical - Mono Propylene Glycol (MPG). Sugar alcohols can be utilized in goods that claim to be natural since they are produced from plant sources.

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Which Factors are Restraining Market Growth of Fermented Sweeteners?

Sweeteners are associated with a variety of health concerns, including cancer risk, depression, headaches, increased hunger, and others. When sweeteners are added to food and beverage items, customers become hungrier and need more sugar. This is harmful to one's health since it leads to overeating, which raises the risk of obesity and diabetes.

Many studies are being conducted to determine if sweeteners are carcinogenic, although they may pose health hazards. Hence, consumers are not interested in sweeteners. As per a few studies, aspartame has been linked to sadness and headaches. All of these health risks associated with fermented sweeteners are limiting market growth.

Availability of various natural sweeteners and other sweeteners made through hydrogenation and other methods may limit the expansion of the fermented sweeteners industry. Manufacturers of sweeteners are attempting to accommodate the consumer need for low-calorie food and beverage products. However, with so many different sweeteners on the market today, determining which new component would appeal to today's clients can be challenging.

With so many sweeteners in the market, customers are unsure whether a sweetener is a superior sugar substitute and find it difficult to distinguish natural sweeteners from artificial ones.

fermented-sweeteners-market

Country-wise Insights

Why Does the U.K. Account for the Largest Share of Fermented Sweeteners in the European Region?

The market of fermented sweeteners is witnessing significant growth in the U.K. in the European region at a value of CAGR 8.1%.

Demand for plant-based food ingredients is growing at a significant rate, which provides a favorable market growth opportunity for fermented sweetener manufacturers.

Which Country Holds the Largest Share in the North America Market?

The U.S. holds a major share in the North American market for fermented sweeteners. This is due to growing health consciousness among consumers leading them to cut down on sugar intake.

Moreover, increasing demand for confectionery and desserts with less sugar content in the food & beverage industry will have significant impact on the market, which is projected to expand at 6.0% CAGR through 2031.

Category-wise Insights

Which Form of Fermented Sweeteners are Most Demanded?

Based on form, fermented sweeteners are segmented into powder and liquid, of which, the liquid form holds a higher market share. The market value share of liquid fermented sweeteners is 69%.

Demand for liquid form of fermented sweeteners in the beverage industry is high owing to their functional benefits that impart sweetness as well as improve the taste of beverages.

How is Bolstering Nutraceutical Industry Offering New Opportunities for Market Growth?

Demand is increasing for fermented sweeteners in dietary supplements. Consumption of dietary supplements is increasing among individuals across countries with increase in the prevalence of chronic diseases.

Moreover, market value of fermented sweeteners in the nutraceuticals industry is expected to reach US$ 375.3 Mn by the end of 2031.

Impact of COVID-19 Crisis

The COVID-19 pandemic had some serious negative effects across industries in the global market. The food & beverage industry was among the most affected industries due to supply chain disruptions caused by movement restrictions across countries.

Disruption in the food supply chain raised concerns about food production, processing, and distribution across the globe. The pandemic also resulted in fluctuations in demand from consumers, restrictions in food trade, and financial pressure on manufacturers of sweeteners.

However, with ease of restrictions, it is anticipated that the food & beverage industry will continue to grow. Consumer demand for the addition of healthy food ingredients amidst the pandemic is proving favorable for market growth fermented sweeteners.

Competitive Landscape

Key manufacturers of fermented sweeteners are focused on research & development, mergers & acquisitions, and expansions to improve their operational efficiency, thereby increasing production. Manufacturers are also emphasizing on technological and innovation capabilities.

  • In 2018, Archer Daniels Midland Company has announced an agreement to acquire a 50% equity stake in Aston Foods, a Russia-based sweeteners, and starches business. This helped the company to expand its business in Russia and cater to the growing food and beverage industry.
  • In 2020, Ingredion has launched its first polyol sweetener, ERYSTA erythritol to meet the demand from health-conscious consumers. ERYSTA erythritol helps to reduce or replace sugar and helps manufacturers to achieve nutrition-related claims such as 'no added sugar' or 'calorie-reduced in various applications.
  • In January 2021, Evolva extended its product portfolio by launching L-arabinose, a natural sugar blocker for use in the food & beverage industry. The product is produced through fermentation and will help the company to target the increasing number of health-conscious customers.
  • In 2020, WuHan HuaSweet Co., Ltd. launched a new natural zero-calories sugar brand, Okalvia. The company has used the latest research results, advanced fermentation technology, and high-quality natural raw materials to develop the product.

Fermented Sweeteners Industry Report Scope

Attribute

Details

Forecast period

2021-2031

Historical data available for

2016-2020

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key countries covered

  • Us
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key segments covered

  • Form
  • Product Type
  • End Use
  • Region

Key companies profiled

  • Cargill, Incorporated
  • Tereos
  • Ajinomoto Co., Inc
  • Archer Daniels Midland Company
  • Ingredion
  • Nantong Changhai Food Additive Co., Ltd.,
  • NOW Foods
  • Wilmar Sugar Pty Ltd.
  • WuHan HuaSweet Co., Ltd
  • Sanxinyuan Food Industry
  • Gulshan Polyols Ltd.
  • Sweeteners Plus LLC
  • Hylen Co., Ltd.,
  • Jungbunzlauer Suisse AG
  • Vitasweet Co., Ltd.
  • Evolva

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Fermented Sweeteners Industry Research by Category

Form:

  • Liquid Fermented Sweeteners
  • Powder Fermented Sweeteners

Product Type:

  • Stevia
  • Erythritol
  • Aspartame
  • Neotame
  • Brown Rice Syrup
  • Others

End Use:

  • Food & Beverage Industry
    • Bakery & Confectionery
    • Processed Food & Beverages
    • Dairy & Frozen Desserts
    • Others
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Nutraceuticals

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Media Release

- FAQs -

The global fermented sweeteners market is currently valued at over US$ 1.06 Bn.
Demand drivers for fermented sweeteners are shift in dietary patterns as a result of socio-economic growth proving profitable, nutritional transition due to prevailing chronic diseases, increasing rate of obesity, and rising application of sweeteners in multiple end-use industries.
From 2016 to 2020, demand for fermented sweeteners increased at a CAGR of 5.8%.
Sales of fermented sweeteners are projected to increase at 6.8% CAGR and be valued at over US$ 2.05 Bn by 2031.
Market trends include increasing health-consciousness among consumers leading them toward plant-based ingredients, emergence of healthy bakery and confectionery food options, increasing interest on sugar-free and low calorie diets, and consumer preference for innovative and unique food products.
Top 5 manufacturers of fermented sweeteners include Archer Daniels Midland, Cargill, Incorporated, Tereos, Ajinomoto Co., Inc, and Ingredion, with a share of 35-45%.
Germany followed by France lead the European market. Projected CAGR is high for the markets in France and Italy.
The South Asia market holds a value of US$ 275.7 Mn in 2021, and is anticipated to more than double by the end of 2031.
The fermented sweeteners market in Japan has a value of US$ 80.4 Mn in 2021, while that in Canada has a value of US$ 60.6 Mn.
The global fermented sweeteners market is currently valued at over US$ 1.06 Bn.
Demand drivers for fermented sweeteners are shift in dietary patterns as a result of socio-economic growth proving profitable, nutritional transition due to prevailing chronic diseases, increasing rate of obesity, and rising application of sweeteners in multiple end-use industries.
From 2016 to 2020, demand for fermented sweeteners increased at a CAGR of 5.8%.
Sales of fermented sweeteners are projected to increase at 6.8% CAGR and be valued at over US$ 2.05 Bn by 2031.
Market trends include increasing health-consciousness among consumers leading them toward plant-based ingredients, emergence of healthy bakery and confectionery food options, increasing interest on sugar-free and low calorie diets, and consumer preference for innovative and unique food products.
Top 5 manufacturers of fermented sweeteners include Archer Daniels Midland, Cargill, Incorporated, Tereos, Ajinomoto Co., Inc, and Ingredion, with a share of 35-45%.
Germany followed by France lead the European market. Projected CAGR is high for the markets in France and Italy.
The South Asia market holds a value of US$ 275.7 Mn in 2021, and is anticipated to more than double by the end of 2031.
The fermented sweeteners market in Japan has a value of US$ 80.4 Mn in 2021, while that in Canada has a value of US$ 60.6 Mn.

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