Tabletop Sweeteners Market Expected to Achieve $2.18 Billion by 2030

 

Meticulous Research®, a distinguished global market research organization, has released a new report titled “Tabletop Sweeteners Market by Sweetener Ingredient Type (Sucralose, Stevia, Monk Fruit, Polyols, Others), Source, Form (Powder, Tablet), Packaging Format (Single-serve, Multi-serve), Distribution Channel (B2B, B2C), and Geography — Global Forecast to 2030.”

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According to Meticulous Research®, the global tabletop sweeteners market is projected to achieve a valuation of $2.18 billion by 2030, registering a CAGR of 5.9% from 2023 to 2030. The report also reveals that in terms of volume, the market is anticipated to reach 18,830.7 tons by 2030, with a CAGR of 4.4% over the same period. This growth is driven by factors such as the rising prevalence of diabetes, growing health and wellness trends, and increasing consumer awareness about the negative effects of excessive sugar consumption. However, the relatively high cost of tabletop sweeteners and concerns about their potential health risks may restrict market growth.

Emerging markets provide notable opportunities for the expansion of the tabletop sweeteners market, as consumer preferences for sugar alternatives are increasing. Nevertheless, the lack of awareness and low consumer acceptance in these regions remain key challenges for market participants.

The market is segmented into various categories, including sweetener ingredient type (such as sucralose, stevia, saccharin, aspartame, acesulfame potassium (ace-k), monk fruit, and polyols [xylitol, erythritol]), source (natural, artificial), form (powder, tablet, liquid, cube), packaging format (single-serve, multi-serve [pouches & jars, dispensers, bottles]), and distribution channel (business-to-business [B2B], business-to-consumer [B2C], which includes modern groceries, convenience stores, online retail, specialty stores, and other channels). The report also provides a thorough competitive analysis, evaluating the key players across different regions and countries.

Sweetener Ingredient Type: The stevia segment is expected to lead the global tabletop sweeteners market by 2023, driven by growing consumer preference for natural ingredients. Stevia, being a plant-derived sweetener with zero calories, has gained significant popularity due to the increasing trend toward clean-label and reduced-sugar products. As health-conscious consumers seek alternatives to artificial sweeteners, stevia's natural origin is expected to fuel its dominance in the market.

Source: In terms of the source, the natural sweetener segment is anticipated to dominate the market in 2023. The increasing consumer preference for products with natural ingredients, coupled with the rising adoption of sugar substitutes such as stevia and monk fruit, has contributed to the growth of this segment. Natural sweeteners are perceived as healthier and safer alternatives to artificial sweeteners, driving demand for naturally sourced products in various markets.

Form: The powder form of tabletop sweeteners is expected to account for the largest market share in 2023. Powdered sweeteners offer numerous benefits, including ease of use, long shelf life, and flexibility in various applications, which makes them particularly popular among consumers and businesses alike. Powdered tabletop sweeteners are widely used in both household and commercial settings, contributing to their large market share.

Packaging Format: In terms of packaging, the multi-serve segment is expected to dominate the market in 2023. Bulk packaging options, such as jars, pouches, and dispensers, are widely favored by households and commercial establishments due to the convenience of having larger quantities on hand. Multi-serve packaging reduces the need for frequent restocking and offers cost savings for regular users, making it an attractive option for both consumers and businesses.

Distribution Channel: The business-to-consumer (B2C) segment is projected to capture the largest share of the market in 2023, driven by increasing demand for personalized, healthy products and the growing prevalence of e-commerce. Consumers are becoming more inclined to purchase tabletop sweeteners through online retail channels, where they can access a wide variety of products that cater to their specific health and dietary needs. The convenience of online shopping and the increasing availability of high-quality sweeteners in retail stores are further boosting the growth of this segment.

Geographical Insights: Regionally, North America is expected to hold the largest share of the global tabletop sweeteners market in 2023. This dominance is largely attributed to the high prevalence of obesity and diabetes in the region, as well as the growing focus on health and wellness among consumers. The demand for low-calorie and sugar-free alternatives has been rising steadily in North America, driven by increased awareness of the negative effects of sugar consumption. Moreover, the presence of major market players in the region, along with a robust distribution network, is expected to support further growth.

The tabletop sweeteners market is poised for sustained growth, driven by key trends such as increasing health consciousness, the growing preference for natural ingredients, and innovations in product development. Companies operating in the industry are focusing on introducing new, healthier sweetening solutions to meet consumer demands and differentiate themselves in a highly competitive marketplace.

Key Players

The tabletop sweeteners market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the tabletop sweeteners market are Whole Earth Brands, Inc. (U.S.), Heartland Food Products Group, LLC (U.S.), Nutrifood (Indonesia), Lightsweet Indústria e Comércio de Alimentos Ltda. (Brazil), Cristal Union (France), Wisdom Natural Brands (U.S.), Zydus Wellness Ltd. (India), Hermes Sweeteners Ltd. (Switzerland), Saraya Co. Ltd. (Japan), Associated British Foods plc (U.K.), Südzucker AG (Germany), and Ajinomoto Co., Inc. (Japan).

To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/tabletop-sweeteners-market-5510

Key Questions Answered in the Report-

·       What is the current value of revenue generated by the tabletop sweeteners market?

·       At what rate is the demand for tabletop sweeteners projected to grow for the next 5-7 years?

·       What was the historical market size and growth rate for the tabletop sweeteners market?

·       What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?

·       Which segments in terms of sweetener ingredient type, source, form, packaging format, and distribution channel have created major traction for the manufacturers in this market in recent years?

·       What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for tabletop sweetener manufacturers?

·       Who are the major players in the tabletop sweeteners market? What are their specific product offerings in this market?

·       What recent developments have taken place in the tabletop sweeteners market? What impact have these strategic developments created on the market?

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