Global Sweeteners Market Size & Outlook, 2023-2030
Global sweeteners market, 2018-2030 (US$M)
Related Markets
Global sweeteners market highlights
- The global sweeteners market generated a revenue of USD 81,568.2 million in 2023 and is expected to reach USD 97,572.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.6% by 2030.
- In terms of segment, sucrose accounted for a revenue of USD 57,766.2 million in 2023.
- Tagatose is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 81,568.2 million |
| Market revenue in 2030 | USD 97,572.4 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Sucrose |
| Fastest growing segment | Tagatose |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sucrose, High-Fructose Corn Syrup, Polyol Sweeteners/Sugar Alcohols, High Intensity Sweeteners, Allulose, Tagatose, Cambya |
Other key industry trends
- In terms of revenue, the North America accounted for 24.7% of the global sweeteners market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 6,188.1 million by 2030.
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Sweeteners Market Scope
Sweeteners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global sweeteners 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 sweeteners market will help companies and investors design strategic landscapes.
Sucrose was the largest segment with a revenue share of 70.82% in 2023. Horizon Databook has segmented the Global sweeteners market based on sucrose, high-fructose corn syrup, polyol sweeteners/sugar alcohols, high intensity sweeteners, allulose, tagatose, cambya covering the revenue growth of each sub-segment from 2018 to 2030.
Market Dynamics
Sugar is derived from two main plant sources, sugarcane, and sugar beet. Sugar is produced in over 120 countries across the globe. Globally around 80% of sugar comes from sugarcane and the remainder is derived from sugar beet. In the U.S., 55% of sugar is derived from sugar beet and 45% from sugarcane, cording to the USDA. According to the U.S. Department of Agriculture (USDA) Foreign Agricultural Service, global sugar production was 188 million metric tons in 2020, an increase of 22 million tons from 2019. Brazil (39.5 million tons) is currently the largest producer of sugar, followed by India (33.7 million tons) and the European Union (17.7 million tons) in 2019. The U.S. produced around 8.2 million tons of sugar in 2020According to the OECD, the global sugar production is projected to recover from the current dip and expand by 15%, from 176 Mt in 2021 to 203 Mt by 2029, with 96% of the projected increase originating from developing countries.
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Target buyers of Global sweeteners market databook
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Our clientele includes a mix of sweeteners 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global sweeteners market , including forecasts for subscribers. This global databook contains high-level insights into Global sweeteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global sweeteners market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sweeteners market size, 2023 (US$M)
Global sweeteners market share, by type, 2023 & 2030 (%, US$M)
Sweeteners market: Opportunity assessment by country
Global sweeteners market, by region, 2023 (US$M)
Related regional statistics
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