The Plant Based Sweeteners Market Size is valued at 2.88 Billion in 2023 and is predicted to reach 4.75 Billion by the year 2031 at an 6.68 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
A natural sweetener called a "plant-based sweetener" is typically made from the leaves or fruits of plants. There are many different natural sweeteners available on the market due to the incredible diversity of plants around the globe. Various organically derived sweeteners enable consumers and formulators to increase flavour while minimizing sugar consumption. One of the key reasons driving the expansion of the global plant-based sweetener market is the rising demand for low- or zero-calorie organically derived ingredients used in foods and beverages, as well as the concern for leading a healthy lifestyle among the global population. People are turning toward easily recognizable, naturally derived foods in their diets rather than foods with intricate names or concoctions made in a lab as better alternatives to sugar.
In addition, there is a rising demand for plant-based sweeteners due to continuous global food trends, product developments in the food and beverage industry, and an increase in the usage of natural goods made from plants. The certification of various sweeteners by regulatory authorities worldwide verifying that they are safe for human consumption, as well as the increased demand for low-calorie sweeteners, are other reasons why the market for plant-based sweeteners is anticipated to expand rapidly.
The Plant-Based Sweeteners market is segmented on type, form, distribution channel, application and end-use. Based on type, the market is segmented into Stevia, Monk Fruit Sugar, Sorbitol, Xylitol, Yacon, Molasses, Agave, Lucuma fruit Sugar and Others. Based on form, the Plant Based Sweeteners are segmented into Crystal, Liquid and Powder. Based on distribution channels, the market is segmented into E-Commerce Stores and Retail Stores. Based on application, the market is segmented into Beverages, Bakery, Confectionary, Ice-creams, Desserts, Fruit Processing and Others. Based on end-use, the market is segmented into Food & Beverage, Pharmaceutical and Others.
The stevia category dominated the market over the forecast period. The stevia plant's leaves create powdered and liquid stevia, a natural sweetener that represents natural sweetening globally. In addition, stevia, one of the most popular alternative sweeteners available, is up to 300 times sweeter than regular sugar while containing neither carbohydrates nor calories nor artificial additives. Another great benefit of stevia is that it is sweeter than monk fruit and table sugar. Additionally, stevia is employed in small amounts in formulations and produces the same outcomes, which has a good effect on the market presence of stevia and propels the expansion of this industry's revenue.
The powder segment is anticipated to post a swift revenue growth rate during the projection period. Natural sweetener powder provides a high level of sweetness and is simple to use and store. It is often used in the beverage industry as a natural sweetener and offers benefits, including managing diabetes and a person's weight. It is also a herbal supplement and non-nutritive sweetener because it has extremely few or no calories, which helps with weight loss.
The North America Plant Based Sweeteners market is expected to register the highest market share in revenue in the near future due to developments in the technology of plant-based sweeteners. Due to the sweet tooth of Americans, obesity and other health issues are now more common. Artificial sweeteners might lower calories to address these issues, but studies have unambiguously demonstrated that they can cause weight gain, brain tumors, bladder cancer, and other health hazards. This is causing the market in this region to develop in terms of revenue while raising consumer knowledge of artificial sweeteners. In addition, Europe is projected to grow rapidly in the global Plant Based Sweeteners market because of the increase in popularity of sugar-free Ready-To-Drink (RTD) protein drinks, carbonated soft drinks, energy drinks, flavoured waters, water boosters, sports nutrition, recovery drinks, hard seltzers, coffee drinks, and nutritional supplements. For companies delivering cutting-edge solutions, this is generating significant income prospects. The market in this region is also experiencing revenue growth due to the growing demand for natural sweeteners with clean labels.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 2.88 Billion |
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Revenue Forecast In 2031 |
USD 4.75 Billion |
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Growth Rate CAGR |
CAGR of 6.68 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Type, Form, Distribution Channel, Application, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Cargill Incorporated, Archer Daniels Midland Company (ADM), Ingredion, DuPont, Roquetee Freres, Pyure Brands LLC., Steviahubindia, Fooditive Group, Foodchem International Corporation, Evolva, Wisdom Natural Brands, GLG Life Tech Corp., and MacAndrews & Forbes Incorporated. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Plant-based Sweeteners Market Snapshot
Chapter 4. Global Plant-based Sweeteners Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Stevia
5.2.2. Monk Fruit Sugar
5.2.3. Sorbitol
5.2.4. Xylitol
5.2.5. Yacon
5.2.6. Molasses
5.2.7. Agave
5.2.8. Lucuma fruit Sugar
5.2.9. Others
Chapter 6. Market Segmentation 2: by Form Estimates & Trend Analysis
6.1. by Form & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Form:
6.2.1. Crystal
6.2.2. Liquid
6.2.3. Powder
Chapter 7. Market Segmentation 3: by Distribution Channel Estimates & Trend Analysis
7.1. by Distribution Channel & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution Channel:
7.2.1. E-Commerce Stores
7.2.2. Retail Stores
Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis
8.1. by Application & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
8.2.1. Beverages
8.2.2. Bakery
8.2.3. Confectionary
8.2.4. Ice-creams
8.2.5. Desserts
8.2.6. Fruit Processing
8.2.7. Others
Chapter 9. Market Segmentation 5: by End Use Estimates & Trend Analysis
9.1. by End Use & Market Share, 2019 & 2030
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End Use:
9.2.1. Food & Beverages
9.2.2. Pharmaceutical
9.2.3. Others
Chapter 10. Plant-based Sweeteners Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Plant-based Sweeteners Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
10.1.2. North America Plant-based Sweeteners Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
10.1.3. North America Plant-based Sweeteners Market revenue (US$ Million) by Distribution Channel, 2024-2031
10.1.4. North America Plant-based Sweeteners Market revenue (US$ Million) by Application, 2024-2031
10.1.5. North America Plant-based Sweeteners Market revenue (US$ Million) by End Use, 2024-2031
10.1.6. North America Plant-based Sweeteners Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
10.2. Europe
10.2.1. Europe Plant-based Sweeteners Market revenue (US$ Million) by Product Type, 2024-2031
10.2.2. Europe Plant-based Sweeteners Market revenue (US$ Million) by Form, 2024-2031
10.2.3. Europe Plant-based Sweeteners Market revenue (US$ Million) by Distribution Channel, 2024-2031
10.2.4. Europe Plant-based Sweeteners Market revenue (US$ Million) by Application, 2024-2031
10.2.5. Europe Plant-based Sweeteners Market revenue (US$ Million) by End Use, 2024-2031
10.2.6. Europe Plant-based Sweeteners Market revenue (US$ Million) by country, 2024-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Plant-based Sweeteners Market revenue (US$ Million) by Product Type, 2024-2031
10.3.2. Asia Pacific Plant-based Sweeteners Market revenue (US$ Million) by Form, 2024-2031
10.3.3. Asia-Pacific Plant-based Sweeteners Market revenue (US$ Million) by Distribution Channel, 2024-2031
10.3.4. Asia Pacific Plant-based Sweeteners Market revenue (US$ Million) by Application, 2024-2031
10.3.5. Asia Pacific Plant-based Sweeteners Market revenue (US$ Million) by End Use, 2024-2031
10.3.6. Asia Pacific Plant-based Sweeteners Market revenue (US$ Million) by country, 2024-2031
10.4. Latin America
10.4.1. Latin America Plant-based Sweeteners Market revenue (US$ Million) by Product Type, 2024-2031
10.4.2. Latin America Plant-based Sweeteners Market revenue (US$ Million) by Form, 2024-2031
10.4.3. Latin America Plant-based Sweeteners Market revenue (US$ Million) by Distribution Channel, 2024-2031
10.4.4. Latin America Plant-based Sweeteners Market revenue (US$ Million) by Application, 2024-2031
10.4.5. Latin America Plant-based Sweeteners Market revenue (US$ Million) by End Use, 2024-2031
10.4.6. Latin America Plant-based Sweeteners Market revenue (US$ Million) by country, 2024-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by Product Type, 2024-2031
10.5.2. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by Form, 2024-2031
10.5.3. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by Distribution Channel, 2024-2031
10.5.4. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by Application, 2024-2031
10.5.5. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by End Use, 2024-2031
10.5.6. Middle East & Africa Plant-based Sweeteners Market revenue (US$ Million) by country, 2024-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Cargill Incorporated
11.2.2. Archer Daniels Midland Company (ADM)
11.2.3. Ingredion
11.2.4. DuPont
11.2.5. Roquetee Freres
11.2.6. Pyure Brands LLC.
11.2.7. Steviahubindia
11.2.8. Fooditive Group
11.2.9. Foodchem International Corporation
11.2.10. Evolva
11.2.11. Wisdom Natural Brands
11.2.12. GLG Life Tech Corp.
11.2.13. MacAndrews & Forbes Incorporated
11.2.14. Other Prominent Players
By Type-
By Form-
By Distribution Channel
By Application
By End-use
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
