Global Natural Sweeteners market size 2024, Forecast To 2033

The natural sweeteners market has shown strong growth, increasing from $5.71 billion in 2023 to $6.09 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period is attributed to increased health consciousness, the rise in demand for low-calorie alternatives, consumer preference for natural ingredients, regulatory support for natural sweeteners, and the implementation of sugar taxes. The natural sweeteners market is expected to see strong growth, reaching $7.95 billion in 2028, with a CAGR of 6.9%. The forecasted growth is driven by factors such as the increasing demand for low-calorie and sugar-free food and beverages, the rising diabetic population, the growing market for functional foods and beverages, clean label regulations, and urbanization in developing countries. Major trends in the forecast period include the emerging popularity of monk fruit, the adoption of plant-based and vegan diets, sustainable sourcing, the blending of natural sweeteners, and the development of functional sweeteners with prebiotic or probiotic properties.