Global Starch Based Sweetener Market
Global Starch Based Sweetener market was valued at US$ 1,700.6 Mn in 2020 and it is expected to reach at US$ 2,794.8 Mn by 2030, growing at a CAGR of 7.7% from 2020-2030.
The increase in concern regarding the prevalence of obesity is encouraging consumers to opt for natural & zero-calorie sweeteners. For instance, according to the Global Stevia Institute’s internal survey, around 60% of Americans prefer low-calorie sugar alcohols in their foods. This factor drives the growth of global starch based sweetener market.
Market Drivers
Growing awareness regarding healthy foods and rising health-consciousness are expected to boost the market growth. Over the past few years, owing to the new product launches & the rising awareness regarding preventive healthcare alternatives, consumers are increasingly getting aware of their nutritional needs. Hence, with increasing health consciousness, consumers are now shifting towards healthier choices with respect to the consumption of various food and beverage products. Recent consumer trends involve a demand for low-calorie, reduced sugar, and all-natural & organic ingredient-based products, owing to the various health benefits offered and the increase in incidences of chronic diseases across the globe as a result of unhealthier dietary lifestyles.
One of the major diseases witnessing an increase & is equally chronic to humans is diabetes. It is a result of excessive consumption of sugar, which includes a large number of calories as well, further leading to obesity. For instance, as per the information provided by the National Diabetes Statistics Report published by the United States Department of Health & Human Services in the year 2020, around 10.5 % of the US population had diabetes in 2018, 13.0 % of all US adults had diabetes, 2.8 % of all US adults met laboratory criteria for diabetes were not aware of or did not report having diabetes & 21.4 % of all US adults were diagnosed with diabetes. Furthermore, as per the United States Department of Health & Human Services, the prevalence of obesity was 40.0 % among young adults aged 20- 39 years, 44.8 % among middle-aged adults aged 40 to 59 years, and 42.8 % among adults aged 60 and older.
Market Restraints
High manufacturing cost & low acceptance of sweetener expected to hinder the growth of global starch based sweetener market.
The value chain of global starch based sweetener includes: Raw material providers, processing companies and distributor. In addition, sweetener companies have to provide good packaging solution to maintain its quality. Hence, overall, the cost of manufacturing of sweeteners is quite expensive compared to availability of sugar in at low prices.
Furthermore, the taste of few natural sweeteners is disliked by many consumers (mainly in developing and undeveloped countries) owing to which it is not preferred by a lot of people. Technological advancement is expected to lower the manufacturing cost of natural sweeteners which will, in turn, be available at lower rates in the market. This factor hinders the market growth of starch based sweetener and its impact is very high.
Market Segmentation
Global Starch Based Sweetener Market Share Analysis by Material
Corn based material has accounted for the highest market share in 2020. The sweetener manufacturing companies are ring its investment in corn facilities. For instance, in March 2018, Archer Daniels Midland Co. (ADM) has agreed to acquire a 50 percent equity stake in the Aston Foods and Food Ingredients, a Russian provider of sweeteners and starches. The investment is aimed to increase corn production to meet increasing need of corn based sweetener Corn is expected to create an incremental opportunity during 2021-2027
Global Starch Based Sweetener Market Share Analysis by End User
The food & beverage segment accounted for the fastest growing segment in the global market, in 2019, in terms of value. Sugars are largely consumed to offer a sweetening taste in an array of food & beverage products. Owing to this, most of the consumption of natural sweeteners is also witnessed in the food & beverage industry. With the growing demand for newer products from the end-consumers, food & beverage manufacturers have been developing and innovating an array of products, including various natural sweeteners. In the coming few years, the food & beverage industry is projected to witness immense investments from key players worldwide. Thus, the manufacturers of the natural sweetener products mainly target their line of products to food & beverage sector players only.
Key Players
Various key players are listed in this report such as Cargill Inc, Tate & Lyle, Shuangqiao Company Ltd, Ingredion, Tereos, Agrana, Hungrana, ADM, Kall Ingredients, Baolingbao Biology Co.,Ltd, Glucovil Argentina S.A., Arcor, SULZER Ltd, Novasep, Avebe, Corn Refiners Association, Sanwa starch co ltd, Cofco Biochemical, Global Sweeteners Holdings Limited, Daesang Corporation, Vaisala, Enzyme Innovation, Baolingbao, Feitian, Tianzi, SUNUS CO., LTD., etc.
Market Taxonomy
By Type
By Material
By End User
By Region
Key Questions Addressed by the Report
Global Starch Based Sweetener Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Starch Based Sweetener Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Starch Based Sweetener Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Starch Based Sweetener Market Share Analysis, By Type
5.3 Global Starch Based Sweetener Market Size and Forecast, By Type
5.3.1 High Fructose Starch Syrup (HFSS)
5.3.1.1. HFSS42
5.3.1.2. HFSS55
5.3.1.3. HFCS90
5.3.2 Dextrose
5.3.2.1. Dextrose monohydrate
5.3.2.2. Dextrose anhydrous
5.3.3 Fructose
5.3.3.1. Crystalline fructose
5.3.3.2. Liquefied fructose
5.3.4. Others
6 Global Starch Based Sweetener Market, By Material
6.1 Y-o-Y Growth Comparison, By Material
6.2 Global Starch Based Sweetener Market Share Analysis, By Material
6.3 Global Starch Based Sweetener Market Size and Forecast, By Material
6.3.1 Corn
6.3.2 Wheat
6.3.3 Cassava
6.3.4 Others
7 Global Starch Based Sweetener Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Starch Based Sweetener Market Share Analysis, By End User
7.3 Global Starch Based Sweetener Market Size and Forecast, By End User
7.3. 1 Food and Beverages
7.3.2. Pharmaceuticals
7.3.3. Others
8 Global Starch Based Sweetener Market, By Region
8.1 Global Starch Based Sweetener Market Share Analysis, By Region
8.2 Global Starch Based Sweetener Market Share Analysis, By Region
8.3 Global Starch Based Sweetener Market Size and Forecast, By Region
9 North America Starch Based Sweetener Market Analysis and Forecast (2020-2030)
9.1 Introduction
9.2 North America Starch Based Sweetener Market Share Analysis, By Type
9.3 North America Starch Based Sweetener Market Size and Forecast, By Material
9.4 North America Starch Based Sweetener Market Size and Forecast, By End User
9.5 North America Starch Based Sweetener Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Starch Based Sweetener Market Analysis and Forecast (2020-2030)
10.1 Introduction
10.2 Europe Starch Based Sweetener Market Share Analysis, By Type
10.3 Europe Starch Based Sweetener Market Size and Forecast, By Material
10.4 Europe Starch Based Sweetener Market Size and Forecast, By End User
10.5 Europe Starch Based Sweetener Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Starch Based Sweetener Market Analysis and Forecast (2020-2030)
11.1 Introduction
11.2 Asia Pacific Starch Based Sweetener Market Share Analysis, By Type
11.3 Asia Pacific Starch Based Sweetener Market Size and Forecast, By Material
11.4 Asia Pacific Starch Based Sweetener Market Size and Forecast, By End User
11.5 Asia Pacific Starch Based Sweetener Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Starch Based Sweetener Market Analysis and Forecast (2020-2030)
12.1 Introduction
12.2 Latin America Starch Based Sweetener Market Share Analysis, By Type
12.3 Latin America Starch Based Sweetener Market Size and Forecast, By Material
12.4 Latin America Starch Based Sweetener Market Size and Forecast, By End User
12.5 Latin America Starch Based Sweetener Market Size and Forecast, Country
13 Middle East Starch Based Sweetener Market Analysis and Forecast (2020-2030)
13.1 Introduction
13.2 Middle East Starch Based Sweetener Market Share Analysis, By Type
13.3 Middle East Starch Based Sweetener Market Size and Forecast, By Material
13.4 Middle East Starch Based Sweetener Market Size and Forecast, By End User
13.5 Middle East Starch Based Sweetener Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cargill Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Tate & Lyle
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Shuangqiao Company Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ingredion
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Tereos
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Agrana
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Hungrana
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 ADM
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Kall Ingredients
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
14.10 Baolingbao Biology Co.,Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Glucovil Argentina S.A
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Arcor
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 SULZER Ltd
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 Novasep
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
14.15 Avebe
14.15.1 Overview
14.15.2 Offerings
14.15.3 Key Financials
14.15.4 Business Segment & Geographic Overview
14.15.5 Key Market Developments
14.15.6 Key Strategies
14.16 Corn Refiners Association
14.16.1 Overview
14.16.2 Offerings
14.16.3 Key Financials
14.16.4 Business Segment & Geographic Overview
14.16.5 Key Market Developments
14.16.6 Key Strategies
14.17 Sanwa starch co ltd
14.17.1 Overview
14.17.2 Offerings
14.17.3 Key Financials
14.17.4 Business Segment & Geographic Overview
14.17.5 Key Market Developments
14.17.6 Key Strategies
14.18 Cofco Biochemical
14.18.1 Overview
14.18.2 Offerings
14.18.3 Key Financials
14.18.4 Business Segment & Geographic Overview
14.18.5 Key Market Developments
14.18.6 Key Strategies
14.19 Global Sweeteners Holdings
14.19.1 Overview
14.19.2 Offerings
14.19.3 Key Financials
14.19.4 Business Segment & Geographic Overview
14.19.5 Key Market Developments
14.19.6 Key Strategies
14.20 Daesang Corporation
14.20.1 Overview
14.20.2 Offerings
14.20.3 Key Financials
14.20.4 Business Segment & Geographic Overview
14.20.5 Key Market Developments
14.20.6 Key Strategies
14.21 Vaisala
14.21.1 Overview
14.21.2 Offerings
14.21.3 Key Financials
14.21.4 Business Segment & Geographic Overview
14.21.5 Key Market Developments
14.21.6 Key Strategies
14.22 Enzyme Innovation
14.22.1 Overview
14.22.2 Offerings
14.22.3 Key Financials
14.22.4 Business Segment & Geographic Overview
14.22.5 Key Market Developments
14.22.6 Key Strategies
14.23 Baolingbao
14.23.1 Overview
14.23.2 Offerings
14.23.3 Key Financials
14.23.4 Business Segment & Geographic Overview
14.23.5 Key Market Developments
14.23.6 Key Strategies
14.24 Feitian
14.24.1 Overview
14.24.2 Offerings
14.24.3 Key Financials
14.24.4 Business Segment & Geographic Overview
14.24.5 Key Market Developments
14.24.6 Key Strategies
14.25 Tianzi
14.25.1 Overview
14.25.2 Offerings
14.25.3 Key Financials
14.25.4 Business Segment & Geographic Overview
14.25.5 Key Market Developments
14.25.6 Key Strategies
14.26 SUNUS CO., LTD
14.26.1 Overview
14.26.2 Offerings
14.26.3 Key Financials
14.26.4 Business Segment & Geographic Overview
14.26.5 Key Market Developments
14.26.6 Key Strategies
