South Korea Sugars and Sweeteners Market was valued at USD 5 Billion in 2022 and is projected to reach USD 7 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
South Korea's Sugars and Sweeteners Market has experienced significant growth over the years, driven by a shift in consumer preferences and increasing demand from various industries. The market is influenced by both domestic consumption patterns and global trends, making it a vital sector in the nation's food and beverage industries. As South Koreans become more health-conscious, there is a growing demand for healthier alternatives to traditional sugars, which is shaping the market for sweeteners.
The Sugars and Sweeteners Market in South Korea is categorized into different types, including cane sugar, beet sugar, high fructose corn syrup (HFCS), artificial sweeteners, and natural sweeteners like stevia. Cane sugar and beet sugar remain dominant, but the rise of HFCS and artificial sweeteners is growing, primarily due to their cost-effectiveness and versatility in various products such as soft drinks, bakery items, and confectionery.
Industries such as food and beverages, pharmaceuticals, and cosmetics are the largest consumers of sugars and sweeteners. The food and beverage sector, in particular, has a high demand for sweeteners, which are essential for producing a wide range of products, from soft drinks and snacks to dairy and processed foods. As more South Koreans opt for healthier lifestyles, there has been an increasing demand for low-calorie, low-sugar, or sugar-free alternatives in the market. Natural sweeteners like stevia and monk fruit are gaining popularity as healthier options in food and beverage formulations.
The pharmaceutical industry also contributes to the demand for sweeteners, especially in the production of medications, syrups, and chewable tablets, where the inclusion of sweeteners improves palatability. The cosmetics industry, though a smaller segment, uses sugars and sweeteners in products like skincare items, where they serve as humectants and moisturizing agents.
As the market evolves, manufacturers in South Korea are increasingly focusing on innovations to meet the demand for healthier, natural, and sustainable sugar alternatives. This shift is further reinforced by the government’s efforts to reduce sugar intake among the population due to rising health concerns like obesity and diabetes.
In summary, South Korea’s Sugars and Sweeteners Market is witnessing rapid changes driven by consumer preferences for healthier alternatives and the demand from various industries. With an increasing awareness of the health impacts of sugar, the market is expected to continue evolving towards more natural and low-calorie sweeteners.
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Archer Daniels Midland Company
Beneo
Biofeed
British Sugar
Cargill
Celanese Corporation
Clasado Biosciences
Cosucra-groupe Warcoing
Dairy Crest
DowDuPont
Federation of Quebec Maple Syrup Producers
Frieslandcampina
Grain Processing Corporation
Gulshan Polyols
HYET Sweet
Ingredion
Kerry Group
Lallemand
Mitushi Biopharma
Nissin Sugar
Purecircle
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Sugars and Sweeteners Market
Natural Sweeteners
Synthetic Sweeteners
Sugars
Artificial Sweeteners
High-Intensity Sweeteners
Low-Calorie Sweeteners
Food and Beverages
Pharmaceuticals
Cosmetics
Animal Feed
Liquid
Granular
Powder
Tablets
Food and Beverage Manufacturers
Households
Healthcare Industry
Cosmetics Industry
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Sugars and Sweeteners Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Sugars and Sweeteners Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Sugars and Sweeteners Market, By Type
6. South Korea Sugars and Sweeteners Market, By Application
7. South Korea Sugars and Sweeteners Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Sugars and Sweeteners Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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