U.S. Sweeteners Market Size & Outlook, 2023-2030
U.S. sweeteners market, 2018-2030 (US$M)
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U.S. sweeteners market highlights
- The U.S. sweeteners market generated a revenue of USD 16,776.2 million in 2023 and is expected to reach USD 20,056.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.6% 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 16,776.2 million |
| Market revenue in 2030 | USD 20,056.7 million |
| Growth rate | 2.6% (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, U.S. accounted for 20.6% 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 |
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U.S. 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 69.15% in 2023. Horizon Databook has segmented the U.S. 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 U.S. 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 U.S. sweeteners market , including forecasts for subscribers. This country databook contains high-level insights into U.S. sweeteners market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. sweeteners market size, by type, 2018-2030 (US$M)
U.S. Sweeteners Market Outlook Share, 2023 & 2030 (US$M)
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