April 18, 2024
U.S. Artificial Sweeteners Market

U.S. Artificial Sweeteners Market Is Estimated To Witness High Growth Owing To Rising Health Concerns

The U.S. artificial sweeteners market has witnessed significant growth owing to the increasing popularity of low-calorie sweeteners as a sugar substitute in various food and beverage products. Artificial sweeteners such as aspartame, sucralose, and saccharin are widely used in the production of sugar-free soft drinks, diet snacks, chewing gums, and dairy products among others. Rising health consciousness among consumers regarding obesity and diabetes has resulted in the growing demand for low-calorie beverages and snacks incorporated with artificial sweeteners.

The U.S. Artificial Sweeteners Market Size Is Estimated To Be Valued At US$ 2.66 Bn In 2024 And Is Expected To Exhibit A CAGR Of 6.5% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the U.S. artificial sweeteners are Imperial Sugar Company, Cumberland Packing Corp., Now Foods, Ajinomoto Co. Inc., Celanese Corporation, Jk Sucralose Inc., Hermes Sweeteners Ltd., Merisant Company, DuPont, Niutang Chemical Ltd., SweetLeaf, Pyure Brands, Cargill, Archer Daniels Midland, Tate & Lyle, PureCircle, Stevia First Corporation, Wisdom Natural Brands, Xinghua Green Biological Engineering Co. Ltd., GLG Life Tech Corporation.

The key opportunities in the U.S. artificial sweeteners market include product launches catering to the growing demand for organic and natural sugar substitutes. Moreover, expanding applications of artificial sweeteners in bakery products and confectioneries will further aid market growth over the forecast period.

With increasing health awareness, the demand for artificial sweeteners is escalating significantly across major countries globally. The major players operating in this market are focusing on tapping growth opportunities in developing regions through strategic business expansion plans and mergers & acquisitions.

Market Drivers

Rising health concerns such as obesity, diabetes and heart diseases have accelerated the demand for low-calorie food and beverages over the past few years. According to recent reports, over 90 million American adults suffer from obesity thereby fuelling the adoption ofdiet beverages and snacks incorporated with artificial sweeteners. Additionally, growing awareness regarding dangers of excessive sugar consumption has further augmented product demand. Changing lifestyles coupled with increasing disposable income have positively influenced the consumption of high-intensity sweeteners in the country.

Pest Analysis

Political: The artificial sweeteners market is regulated by the U.S. Food and Drug Administration (FDA) which approves new sweeteners and sets guidelines and labeling standards.

Economic: As the obesity epidemic grows in the U.S., more consumers are choosing low-calorie or zero-calorie sweetener options to manage their health and weight. However, economic uncertainties could impact consumer spending on certain product categories.

Social: Younger consumers are increasingly health-conscious and looking to manage sugar intake as part of healthy lifestyles. However, some customers remain wary of artificial sweeteners due to debates around their safety.

Technological: Companies are developing new formulations and product blends using natural and artificial sweeteners to meet evolving taste and nutrition preferences. Some technologies enable mini-encapsulation for improved taste and texture in various food and beverage applications.

Geographical Regions Of Concentration

The western region of the United States accounts for the largest value share of the artificial sweeteners market currently. States like California, Washington and Colorado have seen rising prevalence of health-focused consumers who prefer low-sugar alternatives. The density of food and beverage manufacturers also makes the west an important production and consumption base.

Fastest Growing Region

The southeast region of the United States stretching from Florida to Texas is projected to be the fastest growing geographical market for artificial sweeteners over the forecast period. As obesity concerns rise in this region, consumers are increasingly adopting sugar substitutes. Additionally, the population growth rate outpacing other parts of the country supports future demand gains.

What are the key data covered in this U.S. Artificial Sweeteners Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the U.S. Artificial Sweeteners Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the U.S. Artificial Sweeteners Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- U.S. Artificial Sweeteners Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of U.S. Artificial Sweeteners Market vendors

FAQ’s

Q.1 What are the main factors influencing the U.S. Artificial Sweeteners market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top U.S. Artificial Sweeteners Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the U.S. Artificial Sweeteners market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:

  1. Source: CoherentMI, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it