Sugar Substitutes - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Sugar Substitutes Market is accounted for $12.37 billion in 2017 and is expected to reach $21.62 billion by 2026 growing at a CAGR of 6.4% from 2017 to 2026. Some of the factors such as rising demand from the food & beverage industry, growing demand for low-calorie food products and increasing prevalence of diabetes are driving the market growth. Moreover, increasing demand for natural sugar substitute products from the consumer is acting as an opportunity for market growth. However, fluctuations in the prices of sugar are hampering the market growth.
Sugar substitutes are referred to sweet food additives which taste like sugar, enhance the flavor of food without sugar and have low calories than sugar. They are also known as non-caloric or artificial sweeteners. Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in the healthcare, cosmetics, and food & beverage industry. The sugar substitutes are thoroughly investigated for safety with hundreds of scientific studies and then approved by different regulatory authorities like the U.S. FDA, JECFA and FSANZ.
Amongst Product, High Intensity Sweeteners acquired considerable share due to health and wellness change during the forecast period. High-intensity sweeteners (HIS) are ingredients which are used to sweeten and enhance the flavor of foods. They contribute few to no calories when added to foods. High-intensity sweeteners also usually do not raise blood sugar levels in the human body. By Geography, Asia Pacific dominated the largest market share owing to increasing health issues related to sugar consumption and high demand for low-caloric products in developing economies.
Some of the key players in Sugar Substitutes market include Tate & Lyle Plc, Purecircle Ltd, E. I. Dupont De Nemours and Company, Ajinomoto Co. Inc., Macandrews & Forbes Holdings Inc (Merisant), Cargill, Incorporated, Roquette Frères, Archer Daniels Midland Company, Ingredion Incorporated, Jk Sucralose Inc., The Nutra Sweet Company, Hermes Sweeteners Ltd. and Merisant Company (U.S.).
• Low Intensity Sweeteners
• High-Fructose Syrup
• High Intensity Sweeteners
• Fat Replacer
• Gelling Agent
• Coating Material
• Other Functions
• Cosmetics & Personal Care
• Food & Beverages
• Alcoholic Beverages
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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