Global Sugar Substitutes Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global sugar substitutes market in its upcoming report titled, “Global Sugar Substitutes Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global sugar substitutes market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sugar substitutes market report has been segmented on the basis of product, application, and region.
Sugar substitute is considered as a sweet food additive that tastes like sugar and are an alternative to regular sugar. Artificial sweetener is one type of sugar substitute which contains low calories compared to normal sugar. Sugar substitutes have various end uses such as bakery, confectionery, dairy, beverages, frozen foods, personal care, and pharmaceuticals.
Increasing awareness regarding consumption of low calorie food products, and healthy food and beverages among individuals across the globe are key factors expected to drive growth of the global market over the forecast period. In addition, rising adoption of sugar substitutes in health and personal care industries is another factor expected to fuel growth of the target market. Moreover, rising awareness about health issues related to consumption of sugar, and fluctuation in prices during sugar supply are expected to support growth of this market in the near future.
However, increasing market concentration for sugar substitutes and rising concerns associated with potential side-effects of certain sugar substitutes are major factors expected to restrain growth of the global sugar substitutes market over the forecast period.
Ongoing trend observed in the target market is increasing focus on innovative product development, improved quality of the products by manufacturers which drives demand for sugar substitutes in various applications. In addition, development of new, cost-effective, and high-quality substitute expected to create potential opportunities for players operating in the market over the forecast period.
The market in North America followed by Europe dominates the global sugar substitute market in terms of revenue over the forecast period, owing to increasing demand for sugar substitutes among individuals, technological advancements, and rising awareness of diabetes and obesity in various countries in these regions. The market in Asia Pacific is projected to have highest CAGR over the forecast period, owing to increasing power of spending, rising health consciousness among individuals in various countries in this region.
Global sugar substitutes market segmentation:
Segmentation by product:
- High Intensity Sweeteners (HIS)
- Low Intensity Sweeteners (LIS)
- High Fructose Syrup (HFS)
Segmentation by application:
- Bakery & Confectionery
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Tate & Lyle plc
- Cargill Inc.
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Frères S.A.
- Ajinomoto Co., Inc.
- JK Sucralose Inc.
- PureCircle Limited
- The NutraSweet Company
- I. du Pont de Nemours and Company
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