The global sugar substitute market is expected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2021-2030
Sugar is a widely used carbohydrate that adds a sweet flavor to the food through its soluble properties. However, the excess consumption of sugar can be harmful to the body. The consumption of sugar can give birth to various diseases like obesity, dental problems, metabolic disease, etc. This factor is negatively impacting the demand for sugar and increasing the demand for substitutes to add flavor. Sugar substitutes or low-calorie sugar are widely adopted food additive that maintains sweet taste along with hygiene.
The sugar substitutes are derived from the process of sugar hydrogenation, plant extracts, and chemical synthesis. Few examples of artificial sugar sweeteners are aspartame, sucralose, neotame, acesulfame potassium, saccharine.
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Top Impacting Factors
Sugar plays a significant role in the food intake of people. However, excessive consumption of sugar through food and beverages impacts the glycemic response. It can generate several health disorders in the body. The growing awareness about the ill effects of sugar is declining the demand for sugar. Moreover, health & fitness concerns, metabolic diseases, dental health problems, heart diseases and hypertension, obesity issues, and rising diabetes cases would boost the demand for artificial sugar sweeteners.
Apart from that, growing demand for artificial sweeteners in bakery products & beverages, growing commercial use, rise in disposable income, and government initiatives will boost the growth of the global sugar substitute market.
However, the expensive cost of sugar substitutes, complex flavor, and government restrictions on ingredients is expected to hinder the market growth.
Artificial sugar substitutes are highly adopted in the households and food and beverage sector. Other than that, the product has application in the production of hard candy, chocolate, baked products, chewing gums, ice creams, pudding, and others. Thus, the developing applications of sugar substitutes are expected to prompt the growth of the overall market.
COVID-19 Impact Analysis:
The COVID-19 has widely impacted the global sugar substitute market, owing to the disruption in the global supply chain. The production activities related to artificial sugar were all halted during the pandemic.
Regional Analysis
The North America, Europe, and Asia Pacific region is expected to pay a maximum contribution to the growth of the global sugar substitute market during the forecast period. Moreover, regional consumption of sugar substitutes is forecast to witness a surge. Consumers are improving health and fitness standards by concentrating on low calorie and sugar intake. This, collectively, is anticipated to fuel the growth of the global sugar substitutes market.
Segmentation based on
Product Type
- Aspartame
- Sucralose
- Neotame
- Acesulfame K
- Saccharine
- Advantame
- Stevia
Origin
- Natural
- Conventional
Application
- Food
- Beverages
- Others
Distribution Channel
- Offline Stores
- Online Stores
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key Market Players
- Cargill Incorporated (United States)
- Tate & Lyle PLC (United Kingdom)
- Archer Daniels Midland Company
- JK Sucralose Inc. (United States)
- Kerry Group (Ireland)
- Ingredion Inc. (United States)
- Roquette (France)
- AjinomotoCo.(Japan)
- PureCircle(United States)
- NutraSweet Company(United States)
- DuPont De Numerous. (United States)
- Other prominent players
Table of Content
Chapter 1: Global Sugar Substitute Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Sugar Substitute market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Sugar Substitute Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Sugar Substitute market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Sugar Substitute market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Sugar Substitute market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Sugar Substitute market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Sugar Substitute business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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