The global low intensity sweeteners market size is estimated to be valued at USD 2.9 billion in 2021 and is projected to reach USD 3.6 billion by 2026, recording a CAGR of 4.6% during the forecast period in terms of value. The demand for low intensity sweeteners is increasing moderately, as innovative and low-calorie sweeteners continue to enter the market.
Key players in this market include Ingredion Incorporated (US), ADM (US), Anderson Advanced Ingredients (US), Tate & Lyle (UK), Roquette Frères (France), Matsutani Chemical Industry Co., Ltd (Japan), Whole Earth Brands (US), CJ CheilJedang (South Korea), Samyang Corporation (South Korea), Daesang Corporation (South Korea), Van Wankum Ingredients (Netherlands), Hylen Co., Ltd (China), Sweeteners Plus (US), Fooding Group Limited (China), Savanna Ingredients (Germany), Foodchem International Corporation (China), Apura Ingredients (US), Shandong Saigo Group Corporation (China), Icon Foods (US), and Bonumose Inc. (US).
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The key players are fixated upon improving their market shares, while their newer start-ups are being established rapidly in the market. The low intensity sweeteners market can be classified as a competitive market as it has the presence of a large number of organized players, accounting for a major part of the market share, present at the global level, as well as unorganized players present at the local level in several countries. There are numerous existing and emerging companies, particularly in the Asian markets.
Ingredion Incorporated is one of the leading global ingredient solutions providers. The company is involved in manufacturing value-added ingredients and biomaterials from corn, tapioca, potatoes, plant-based stevia, grains, fruits, and vegetables, which cater to the food, beverage, brewing, and other industries. The company's operations are classified into five reportable business segments, namely food, beverage, animal nutrition, brewing, and others. It is principally engaged in the production and sales of starches and sweeteners for a wide range of industries. The company invests heavily in the sugar reduction and specialty sweeteners segments. The company has a global network of more than 500 scientists working in 32 Ingredion Idea Labs innovation centers. It has its presence in more than 120 countries and represents 60 diverse sectors
Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through four business segments, namely agriculture services and oilseeds, carbohydrate solutions, nutrition, and others. It offers low intensity sweetener products through its brands SweetRight and PurelyForm. The company consists of more than 800 plants, 321 food & feed processing facilities, 61 innovation centers, and 449 crop procurement locations globally. It has its presence in more than 200 countries and regions, such as Europe, Asia Pacific, Africa, South America, and North America.
Low Intensity Sweeteners Market by Type (Sorbitol, Maltitol, Xylitol, D-Tagatose, Erythritol, Mannitol, Allulose), Application (Food, Beverages), Form (Dry, Liquid), and Region (North America, Europe, APAC, South America, & RoW)- Global Forecast to 2026
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