Tate & Lyle PLC (UK) and Cargill (US) are the Key players in the Natural Sweeteners Market
The global natural sweeteners market size is estimated to be valued at USD 2.8 billion in 2020 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.1% during the forecast period. Sugars and sweeteners are the substances used to enhance the palatability and shelf life of food products. However, conventional sugar may possess various ill-effects on human health. Thus, the development and formulation of natural sweeteners was pursued. Moreover, the sugar-substitutes utilized in various end-use industry applications are mainly of two different types: natural and artificial. The natural type of sugar-substitutes or natural sweeteners, as popularly known, is gaining immense traction in the global market. These sugars occur naturally in many plant foods. Most common sweeteners are obtained or manufactured by processing an array of plants, including agave cacti, maple trees, sugar cane, coconut palms, sugar beets, and corn to extract and condense the sugars.
Although the natural sweeteners have a higher price point, they are currently witnessing rising demand; owing to a paradigm shift in consumer behavior toward consumption of all-natural and organic ingredient-based products, consumers getting highly aware of the health benefits associated with the consumption of natural & healthier foods, and increasing per capita expenditure on health foods & products. Thus, all these factors drive a positive outlook for the natural sweeteners market in the coming few years
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Key players in this market include DuPont (US), ADM (US), Tate & Lyle PLC (UK), Cargill (US), Ingredion Incorporated (US), Roquette Frères (France), FoodChem International Corporation (China), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc (Merisant) (US), Ecogreen Oleochemicals Pvt Ltd (Indonesia), Pyure Brands LLC (US), Stevia Hub India (India), Suminter India Organics (India), Stevia Biotech Pvt Ltd (India), The Real Stevia Company (Sweden), Sweetly Stevia USA (UK), XiliNat (Mexico), Fooditive B.V. (Netherlands), Saganà Association (Switzerland), and Hearthside Food Solutions LLC (US).
Cargill Inc, is involved in the manufacturing and marketing of food ingredients, agricultural products, risk management & financial services, and industrial products around the globe. The company’s key business segments include animal nutrition, food & beverage, bioindustrial, foodservice, agriculture, risk management, meat & poultry, industrial, beauty, pharmaceutical, and transportation. It offers a wide range of natural sweetener products under its food & beverage and pharmaceutical segments to several players in the pharmaceutical and food & beverage industry players. Cargill has a strong geographical presence in over 125 countries across regions, such as North America, Latin America, Asia Pacific, Europe, North Africa, the Middle East, and Africa. It operates its R&D centers in over 200 locations in the European and North American regions. Some of the company’s major research facilities are Minneapolis R&D and Innovation Centers, Asia Innovation Center, Biotechnology Development Center, Cargill ONE Innovation Center, and European Food Innovation Center. In addition, some of the subsidiaries of the company include Cargill Meat Solutions (US), Cargill Enterprises Inc. (Russia), Cargill Asia Pacific Holdings Pte Limited (Singapore), Cargill RSA (Pty) Limited (South Africa), Cargill España SA (Spain), Cargill Nordic A/S (Sweden), Provimi (Netherlands), and NatureWorks (US).
Tate & Lyle is engaged in the manufacturing and marketing of food and industrial ingredients. The company operates through two business segments—food & beverage solutions and primary products. These two business units are sustained by globalized support services, innovation & commercial development, and global operation groups. It serves a broad range of applications in food & packages, feed, industrials, and pharmaceuticals & personal care. The company provides a wide range of sweeteners. It operates through 12 manufacturing facilities in the US, 14 in Europe, and four in the Asia Pacific region. It offers its products across more than 20 countries.
Related Reports:
Natural Sweeteners Market by Type (Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, and Others), End-use Sector (Food & Beverage, Pharmaceutical, Direct Sales, and Others), Application, and Region - Global Forecast to 2025
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