Market Overview:
The global plant-derived sweetener market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for natural and healthier alternatives to artificial sweeteners. Additionally, the growing awareness about the health benefits of plant-based sweeteners is also propelling the market growth. Based on type, the stevia segment accounted for a major share of the global plant-derived sweetener market in 2017 and is projected to maintain its dominance during the forecast period. Stevia has emerged as a preferred choice among consumers owing to its zero calorie content and natural sweetness. It is also used as an ingredient in various food products such as beverages, confectionery, desserts, etc., which are further fuelling its demand across different regions worldwide. On basis of application, beverages held a dominant position in 2017 and this trend is anticipated continue during forecast period too owing rising consumer inclination towards healthy drinks options such as juices, smoothies & shakes etcetera . Furthermore , with increase in disposable income coupled with changing lifestyle preferences among people especially youngsters , there would be significant rise seen over next few years within Asia Pacific region specifically for ready –to -eat meals ( RTE ) category that includes snacks & confectioneries .
Product Definition:
A plant-derived sweetener is a natural sweetener that is made from plants. These sweeteners are typically lower in calories and carbohydrates than artificial sweeteners. They can be used to Sweeten foods and drinks without adding extra sugar or calories.
Stevia:
Stevia is a plant, which has medicinal and food usage. It is also known as stevia rebaudiana, and its leaves contain sweetening properties. The global stevia market size spans the use of the whole plant or extracts from it in various products such as sugar alternatives, dietary supplements, pharmaceuticals & nutraceuticals among others.
Yacon Syrup:
Yacon syrup is a natural sweetener derived from the sugarcane plant. It has been gaining popularity among consumers owing to its low-calorie content and high antioxidant properties. The product also helps in weight loss as it reduces the appetite, thereby preventing over eating or eating frequently.
Application Insights:
Beverages was the dominant application segment and accounted for over 60% of the global market share in terms of revenue in 2017. Increasing consumption of beverages such as soft drinks, juices, tea, coffee and others is expected to drive demand for stevia due to its low calorie content. Steviol glycosides are water-soluble which makes it ideal for use in beverages where water solubility is required.
The growing sugar-free confectionery industry has driven demand for plant-based sweeteners that are healthier than conventional alternatives like table sugar. Moreover, increasing awareness about health benefits associated with stevia coupled with rising consumer disposable income levels will fuel growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to growing health awareness among consumers, increasing disposable income levels, and rising adoption of veganism as a dietary lifestyle. The Asia Pacific has been witnessing robust economic growth on account of strong consumer confidence along with rapid industrialization and urbanization resulting in increased demand for food products.
The region is home to some of the major beverage manufacturers such as PepsiCo Inc.; Coca-Cola; Dr Pepper/Seven Up, Inc.; Nestl© S.A.; Danone S.A; Unilever Plc; Abbott Laboratories; Kellogg Co.
Growth Factors:
- Increasing demand for natural and healthy products: The global plant-derived sweetener market is expected to grow at a CAGR of 6.5% from 2017 to 2025, owing to the increasing demand for natural and healthy products.
- Rising awareness about the benefits of plant-based sweeteners: There is a growing awareness among consumers about the benefits of plant-based sweeteners over artificial sweeteners. This is expected to drive the growth of the global plant-derived sweetener market in the coming years.
- Growing popularity of veganism and vegetarianism: The popularity of veganism and vegetarianism is rising across the globe, which is driving demand for plant-based foods and beverages. This, in turn, is propelling growth in the global plant-derived sweetener market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-derived Sweetener Market Research Report
By Type
Stevia, Yacon Syrup, Agave Syrup, Monk Fruit Sugar, Others
By Application
Beverages, Confectionery, Desserts, Others
By Companies
Tate & Lyle PLC, Cargill, Inc., Nestlé AG, Ingredion Incorporated, Archer Daniels Midland Company, Ajinomoto Co., Inc., Wilmar International Ltd, Symrise, The Truvia Company LLC, Roquette Frères
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Plant-derived Sweetener Market Report Segments:
The global Plant-derived Sweetener market is segmented on the basis of:
Types
Stevia, Yacon Syrup, Agave Syrup, Monk Fruit Sugar, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beverages, Confectionery, Desserts, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tate & Lyle PLC
- Cargill, Inc.
- Nestlé AG
- Ingredion Incorporated
- Archer Daniels Midland Company
- Ajinomoto Co., Inc.
- Wilmar International Ltd
- Symrise
- The Truvia Company LLC
- Roquette Frères
Highlights of The Plant-derived Sweetener Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stevia
- Yacon Syrup
- Agave Syrup
- Monk Fruit Sugar
- Others
- By Application:
- Beverages
- Confectionery
- Desserts
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant-derived Sweetener Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant-derived sweeteners are those that are derived from plants. These include natural sugars like glucose and fructose, as well as artificial sweeteners like aspartame and saccharin.
Some of the major players in the plant-derived sweetener market are Tate & Lyle PLC, Cargill, Inc., Nestl© AG, Ingredion Incorporated, Archer Daniels Midland Company, Ajinomoto Co., Inc., Wilmar International Ltd, Symrise, The Truvia Company LLC, Roquette Fr¨res.
The plant-derived sweetener market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-derived Sweetener Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plant-derived Sweetener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant-derived Sweetener Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plant-derived Sweetener Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plant-derived Sweetener Market Size & Forecast, 2018-2028
4.5.1 Plant-derived Sweetener Market Size and Y-o-Y Growth
4.5.2 Plant-derived Sweetener Market Absolute $ Opportunity
Chapter 5 Global Plant-derived Sweetener Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plant-derived Sweetener Market Size Forecast by Type
5.2.1 Stevia
5.2.2 Yacon Syrup
5.2.3 Agave Syrup
5.2.4 Monk Fruit Sugar
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-derived Sweetener Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plant-derived Sweetener Market Size Forecast by Applications
6.2.1 Beverages
6.2.2 Confectionery
6.2.3 Desserts
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-derived Sweetener Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant-derived Sweetener Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plant-derived Sweetener Analysis and Forecast
9.1 Introduction
9.2 North America Plant-derived Sweetener Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plant-derived Sweetener Market Size Forecast by Type
9.6.1 Stevia
9.6.2 Yacon Syrup
9.6.3 Agave Syrup
9.6.4 Monk Fruit Sugar
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plant-derived Sweetener Market Size Forecast by Applications
9.10.1 Beverages
9.10.2 Confectionery
9.10.3 Desserts
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plant-derived Sweetener Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-derived Sweetener Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plant-derived Sweetener Market Size Forecast by Type
10.6.1 Stevia
10.6.2 Yacon Syrup
10.6.3 Agave Syrup
10.6.4 Monk Fruit Sugar
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plant-derived Sweetener Market Size Forecast by Applications
10.10.1 Beverages
10.10.2 Confectionery
10.10.3 Desserts
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plant-derived Sweetener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-derived Sweetener Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plant-derived Sweetener Market Size Forecast by Type
11.6.1 Stevia
11.6.2 Yacon Syrup
11.6.3 Agave Syrup
11.6.4 Monk Fruit Sugar
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plant-derived Sweetener Market Size Forecast by Applications
11.10.1 Beverages
11.10.2 Confectionery
11.10.3 Desserts
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plant-derived Sweetener Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-derived Sweetener Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plant-derived Sweetener Market Size Forecast by Type
12.6.1 Stevia
12.6.2 Yacon Syrup
12.6.3 Agave Syrup
12.6.4 Monk Fruit Sugar
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plant-derived Sweetener Market Size Forecast by Applications
12.10.1 Beverages
12.10.2 Confectionery
12.10.3 Desserts
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plant-derived Sweetener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-derived Sweetener Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plant-derived Sweetener Market Size Forecast by Type
13.6.1 Stevia
13.6.2 Yacon Syrup
13.6.3 Agave Syrup
13.6.4 Monk Fruit Sugar
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plant-derived Sweetener Market Size Forecast by Applications
13.10.1 Beverages
13.10.2 Confectionery
13.10.3 Desserts
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant-derived Sweetener Market: Competitive Dashboard
14.2 Global Plant-derived Sweetener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tate & Lyle PLC
14.3.2 Cargill, Inc.
14.3.3 Nestlé AG
14.3.4 Ingredion Incorporated
14.3.5 Archer Daniels Midland Company
14.3.6 Ajinomoto Co., Inc.
14.3.7 Wilmar International Ltd
14.3.8 Symrise
14.3.9 The Truvia Company LLC
14.3.10 Roquette Frères
