Global Low Intensity Sweeteners market segments 2024, Forecast To 2033

The low intensity sweeteners market has shown significant growth, rising from $2.02 billion in 2023 to $2.16 billion in 2024, with a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period is attributed to increased health consciousness and the demand for low-calorie alternatives, the growth in the diabetic population and the need for sugar substitutes, regulatory support for reduced sugar and low-calorie products, consumer preference for natural and clean label sweeteners, the rise in obesity rates, and awareness of sugar-related health issues. Looking ahead to 2028, the market is expected to continue its strong growth, reaching $2.79 billion, maintaining a 6.7% CAGR. The forecasted growth in the forecast period can be linked to rising demand for low-calorie and reduced sugar products, health and wellness trends impacting sweetener choices, emerging markets, increased urbanization, consumer preference for plant-based sweeteners, and innovation in low intensity sweetener formulations. Major trends in the forecast period include blends of low intensity sweeteners for enhanced taste, the application of low intensity sweeteners in beverages and dairy, clean label and non-GMO claims for sweetener products, the functional attributes of low intensity sweeteners, and customized sweetening solutions for different products, along with the reduction of sugar content in reformulated products.