Sugar Substitutes Market 2021

Sugar Substitutes - Global Market Outlook (2020-2028)

4.9 (57 reviews)
Published: April 2021 ID: SMRC20453
4.9 (57 reviews)
Published: April 2021 ID: SMRC20453

This report covers the impact of COVID-19 on this global market

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 .

Forms Covered:
• Liquid
• Solid/Crystallized
• Powder

Types Covered:
• High-Fructose Syrups
• High-Intensity Sweeteners
• Low-Intensity Sweeteners   

Categories Covered:
• Natural
• Artificial/Synthetic 

Applications Covered:
• Hospitality
• Healthcare & Pharmaceuticals
• Cosmetics & Personal Care
• Oral Care
• Animal Feed
• Beverages
• Food Products

Distribution Channels Covered:
• Store-Based
• Non-Store-Based 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
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 Comprehensive profiling of additional market players (up to 3)
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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