Plant-Derived Sweetener Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Plant-Derived Sweetener Market size was valued at USD 2.80 Billion in 2023 and is predicted to reach USD 5.10 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.90% during the forecast period. The report analyzes the global Plant-Derived Sweetener Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Plant-Derived Sweetener Market industry.

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Global Plant-Derived Sweetener Market: Overview

Plant-based sweetener is a kind of sugar that is derived from plants and their parts like leaves, fruits, and others. Such sweeteners are low in calories as compared to regular sugar. Moreover, it is also less harmful than artificial sweeteners. Plant-derived sweeteners are an effective alternative to the sugar options as they maintain the optimal sugar levels in the human body. Stevia-derived sweetener is one of the widely used plant-based sweeteners in the market. It contains stevioside and rebaudioside which are much lower in calories along with sweetened flavor.

Global Plant-Derived Sweetener Market: Growth Factors

The growing awareness regarding the healthy lifestyle among consumers is significantly boosting the growth of the global plant-derived sweetener market. The growing inclination of consumers towards the processed food and beverages premixes that are convenient to cook and require less time for preparation is likely to propel the growth of the global market during the forecast period. Moreover, the global plant-derived sweetener market has gained immense popularity in recent years due to the growing focus of food processing companies on low-calorie products. Their marketing strategies are shifting the preferences of people from using regular sugar to plant-based sweeteners.

Moreover, the health industry is also concentrating on flourishing the health benefits associated with plant-derived sweeteners through digital media. Such emerging scenarios are inducing people to adopt a healthy diet and stay health-conscious. Thus, these ongoing trends will bolster the growth of the global plant-derived sweetener market significantly during the forecast period.

Moreover, health-conscious consumers are adopting healthy and nutritious diets to avoid fat counts and high calories which in turn is likely to accelerate the growth of the global market vigorously. The growing awareness regarding the harmful effect of artificial sweeteners is also shifting the preference of people toward plant-derived sweeteners. The growing incidences of diabetes all across the globe have fuelled the demand for plant-derived sweeteners like stevia. Various studies concluded that artificial sweeteners may cause high cholesterol, obesity, and heart disease in the body and thus it encouraged the consumer to adopt plant-based sweeteners. The increasing research and development activities by prominent market players to innovative plant-derived sweeteners with different flavors to boost the demand in the market are likely to escalate the demand for plant-derived sweeteners in the market globally. Adoption of innovative food packaging and techniques to draw the attention of consumers is also anticipated to fuel the growth of the global plant-derived sweetener market vigorously during the forecast period.

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Global Plant-Derived Sweetener Market: Segmentation

The global plant-derived sweetener market can be segmented into type, form, applications and region.

By type, the market can be segmented into molasses, lucuma fruit sugar, monk fruit sugar, agave syrup, yacon syrup, stevia and others. The stevia segment accounts for the largest share in the global plant-derived sweetener market.

By form, the market can be segmented into crystal, powder and liquid.

By application, the market can be segmented into fruit processing, ice-creams, desserts, confectionery, beverages and bakery.

Plant-Derived Sweetener Market : Report Scope

Global Plant-Derived Sweetener Market: Regional analysis

Asia Pacific is anticipated to grow significantly during the forecast period due to the growing consumption of bakery and confectionery products in the region. Moreover, the growing disposable income of people is another factor boosting the growth of the regional market. Europe accounts for the largest share in the global plant-derived sweetener market owing to the presence of prominent market players in the region.

North America holds the second-largest share in the global plant-derived sweetener market due to the growing awareness among consumers regarding their health.

Global Plant-Derived Sweetener Market: Competitive Players

Some of the significant players in the global plant-derived sweetener market are:

• Roquette Frères
• The Truvia Company LLC
• Symrise
• Wilmar International Ltd.
• Ajinomoto Co., Inc.
• Archer Daniels Midland Company
• Ingredion Incorporated
• Nestlé AG
• Cargill, Inc.
• Tate & Lyle PLC.

The Global Plant-Derived Sweetener Market is segmented as follows:

By Type 

• molasses 
• lucuma fruit sugar 
• monk fruit sugar
• agave syrup 
• yacon syrup 
• stevia 
• and others 

By Form 

• crystal
• powder
• liquid 

By Applications 

• fruit processing
• ice-creams
• desserts 
• confectionery
• beverages
• bakery

Global Plant-Derived Sweetener Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.