Canada Sweeteners Market Size & Outlook, 2023-2030
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Canada sweeteners market highlights
- The Canada sweeteners market generated a revenue of USD 2,143.5 million in 2023 and is expected to reach USD 2,659.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, sucrose was the largest revenue generating type in 2023.
- Tagatose is the most lucrative type segment registering the fastest growth during the forecast period.
Sweeteners market data book summary
| Market revenue in 2023 | USD 2,143.5 million |
| Market revenue in 2030 | USD 2,659.9 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Sucrose |
| Fastest growing segment | Tagatose |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sucrose, High-Fructose Corn Syrup, Polyol Sweeteners/Sugar Alcohols, High Intensity Sweeteners, Allulose, Tagatose |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Foodchem International Corporation, Kerry Group PLC Class A, Ajinomoto Co Inc, International Flavors & Fragrances Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 2.6% of the global sweeteners market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. sweeteners market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,659.9 million by 2030.
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Sweeteners Market Scope
Sweeteners Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Foodchem International Corporation | View profile | - | Shanghai, Shanghai, China, Asia | http://www.foodchemadditives.com/ |
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
Canada 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 69.37% in 2023. Horizon Databook has segmented the Canada sweeteners market based on sucrose, high-fructose corn syrup, polyol sweeteners/sugar alcohols, high intensity sweeteners, allulose, tagatose covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Canada 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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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 country-level data and insights on the Canada sweeteners market , including forecasts for subscribers. This country databook contains high-level insights into Canada sweeteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada sweeteners market size, by type, 2018-2030 (US$M)
Canada Sweeteners Market Outlook Share, 2023 & 2030 (US$M)
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