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  4. Spreads & Sweeteners

Sweeteners - G7

G7
  • Revenue in the Sweeteners market amounts to US$12.80bn in 2024. The market is expected to grow annually by 4.34% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$125bn in 2024).
  • In relation to total population figures, per person revenues of US$16.44 are generated in 2024.
  • In the Sweeteners market, volume is expected to amount to 5.53bn kg by 2029. The Sweeteners market is expected to show a volume growth of 3.2% in 2025.0.
  • The average volume per person in the Sweeteners market is expected to amount to 6.2kg in 2024.

Definition:

The Sweeteners market covers natural and synthetic ingredients added to food to give it a sweet flavor. Examples of natural sweeteners include sugar or honey while synthetic sweeteners include aspartame or sucralose.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Sugar
  • Honey
  • Artificial sweeteners

Out-Of-Scope

  • Syrups
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Spreads & Sweeteners Market within The Food market in G7 has been experiencing minimal growth due to factors such as increasing health awareness among consumers and the convenience of online health services. However, the sub-markets of Honey, Sugar and Artificial Sweeteners may also impact the overall market's growth rate.

Customer preferences:
Consumers are increasingly opting for natural and organic sweeteners, such as honey and maple syrup, over artificial sweeteners due to growing health concerns and a preference for clean label products. This trend is also driven by the rise in popularity of plant-based diets and a desire for more sustainable and environmentally-friendly options. Additionally, there is a growing demand for sugar alternatives that have a lower glycemic index, catering to the needs of individuals with diabetes or those looking to reduce their sugar intake for overall health and wellness.

Trends in the market:
In the G7 countries, the Sweeteners Market within the Spreads & Sweeteners Market of The Food market is experiencing a surge in demand for natural and low-calorie sweeteners. As consumers become more health-conscious, there is a growing trend towards using plant-based sweeteners such as stevia and monk fruit. This trend is expected to continue as governments and health organizations promote reduced sugar consumption. The shift towards natural sweeteners also presents opportunities for companies to innovate and develop new products to cater to this demand. Additionally, there is a rise in the use of alternative sweeteners, such as erythritol and xylitol, in the food and beverage industry due to their low glycemic index and dental benefits. This trend towards healthier sweeteners is likely to have a significant impact on industry stakeholders, including manufacturers, retailers, and consumers, as they adapt to changing preferences and regulations.

Local special circumstances:
In the Sweeteners Market of the Spreads & Sweeteners Market within The Food market, the unique local factors play a significant role in shaping the market dynamics. In Japan, the market is heavily influenced by the country's unique food culture, with a high demand for natural and organic sweeteners. In Germany, the market is driven by strict regulations on food additives, leading to a high demand for natural and plant-based sweeteners. These factors differentiate the market from others and drive innovation in product offerings to cater to the local preferences.

Underlying macroeconomic factors:
The Sweeteners Market of the Spreads & Sweeteners Market within The Food market is also affected by macroeconomic factors such as consumer spending patterns, inflation rates, and government policies. Countries with stable economic conditions and increasing disposable incomes are expected to witness higher demand for sweeteners, as consumers prioritize healthier and more sustainable food options. On the other hand, countries with high inflation rates and strict regulations on food products may experience slower market growth due to limited consumer purchasing power and higher production costs. Additionally, the growing trend towards natural and organic sweeteners, driven by increasing health consciousness and environmental concerns, is expected to have a significant impact on the market performance in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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