Europe Sugar Substitutes Market Size & Outlook, 2023-2030
Europe sugar substitutes market, 2018-2030 (US$M)
Related Markets
Europe sugar substitutes market highlights
- The Europe sugar substitutes market generated a revenue of USD 1,365.7 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, high-intensity sweeteners was the largest revenue generating type in 2023.
- High-intensity Sweeteners is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,365.7 million |
| Market revenue in 2030 | USD 2,137.9 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | High-intensity sweeteners |
| Fastest growing segment | High-intensity Sweeteners |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-intensity Sweeteners, Low Intensity Sweetners, High Fructose Syrup |
| Key market players worldwide | Tate & Lyle PLC, Cargill, Archer-Daniels Midland Co, Ingredion Inc, La Roquette, Ajinomoto Co Inc, DuPont Nutrition & Biosciences |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.5% of the global sugar substitutes market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 887.9 million by 2030.
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Sugar Substitutes Market Scope
Sugar Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe sugar substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sugar substitutes market will help companies and investors design strategic landscapes.
High-intensity sweeteners was the largest segment with a revenue share of 68.89% in 2023. Horizon Databook has segmented the Europe sugar substitutes market based on high-intensity sweeteners, low intensity sweetners, high fructose syrup covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the third-largest sugar substitutes market globally and accounts for 17% of the global market in terms of value. In Europe, the consumers are health conscious and they carefully scrutinize the ingredients used in a product. The unhealthy economic conditions in major countries of Europe are responsible for the sluggish demand for sugar substitutes in this region.
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Target buyers of Europe sugar substitutes market databook
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Our clientele includes a mix of sugar substitutes market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sugar substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sugar substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe sugar substitutes market size, by country, 2018-2030 (US$M)
Europe Sugar Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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