Sugar Substitutes - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Sugar Substitutes Market is accounted for $16.50 billion in 2020 and is expected to reach $27.31 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Factors such as growing health consciousness among consumers, increasing number of diabetic patients, and fluctuating prices of sugar are driving the growth of the market. However, uncertainty regarding the health benefits of sugar substitutes is hampering the growth of the market.
Sugar substitutes are food additives that can change the effect of sugar in taste but has comparatively less food calories. These products are used on a large scale by food manufacturers as replacements for sugar in food products.
Based on the application, the beverages segment is anticipated to expand at a rapid pace during the forecast period due to the expansion of the consumer base for various beverage products. By geography, Asia Pacific is going to have high growth during the forecast period owing to the rapid urbanization and liberal trade policies in the food sector of the region.
Some of the key players profiled in the Sugar Substitutes Market include Ingredion Incorporated, Tate & Lyle Plc, Archer Daniels Midland Company , E. I. Dupont De Nemours and Company, Cargill, Incorporated, Hermes Sweeteners Ltd, Macandrews & Forbes Holdings Inc (Merisant) , The Nutra Sweet Company, Purecircle Ltd , Jk Sucralose Inc, Roquette Frères, Ajinomoto Co. Inc, Merisant Company, Hearthside Food Solutions LLC , and Stevia Biotech Pvt Ltd .
• High-Fructose Syrups
• High-Intensity Sweeteners
• Low-Intensity Sweeteners
• Healthcare & Pharmaceuticals
• Cosmetics & Personal Care
• Oral Care
• Animal Feed
• Food Products
Distribution Channels Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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