Published: 2019-09-09   Views: 3
Author: johndbmr
Published in: Business

Sugar Substitutes Market is expected to reach USD 21.02 billion by 2025, from USD 14.22 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Major Market Competitors/Players: Global Sugar Substitutes Market

Some of the major players operating in the global sugar substitutes market are - Tate & Lyle Plc, Cargill Incorporated, Purecircle Ltd, Roquette Frères, E. I. Dupont De Nemours and Company, Archer Daniels Midland Company, Ajinomoto Co. Inc., Ingredion Incorporated, Macandrews & Forbes Holdings Inc (Merisant), Jk Sucralose Inc., MacAndrews & Forbes Incorporated, Ingredion Incorporation, PureCircle Ltd., and many more

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Sugar substitutes are sweet food additives taste like sugar. These substitutes are characterized by having significantly lower calories than compared to sugar. Sugar substitutes are incorporated in various foods beverages, confectionary, baked products, dairy products, frozen food, and health and personal care products. The increasing demand for healthy and low-calorie food products contributes to the growth of the market. According to an article published by IBEF the personal care market is expected to grow with the market value of USD 20 billion by the year 2025.

Competitive Analysis: Global Sugar Substitutes Market

The global sugar substitutes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sugar substitutes market for global, Europe, North America, Asia Pacific and South America.

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Major Market Drivers and Restraints:              

  • Consumer Preference for low-calorie and healthier foods
  • Increasing health problems due to consumption of sugar
  • Increasing demand for natural sweeteners due to consumer inclination towards natural products
  • Demand from food and beverages industries
  • Fluctuations in price and supply of sugar creating opportunities for sugar substitutes
  • Adherence to international quality standards and regulations for sugar substitute products
  • Ambiguity whether consumption of sugar substitutes causes health problems or not

Market Segmentation: Global Sugar Substitutes Market

The global sugar substitutes market is segmented based on composition, type, application and geographical segments.

  • Based on type, the global sugar substitutes market is segmented into high-fructose syrup, high-intensity sweeteners and low-intensity sweeteners.
  • On the basis of composition, the global sugar substitutes market is classified into high-intensity sweeteners and low-intensity sweeteners. The high-intensity sweeteners is sub segmented into stevia, aspertame, cyclamate, sucralose, saccharin, ace-k and other his. The low-intensity sweeteners.is sub segmented into d-tagtose, sorbitol, maltitol, xylitol, mannitol, eythritol and other LIS
  • On the basis of application, the global sugar substitutes market is classified into beverages, health & personal car and food. The food segment is further sub segmented into food application, by product, confectionery, bakery, dairy & frozen foods and others.
  • On the basis of function, the global sugar substitutes market is classified into thickener, stabilizer, gelling agent, fat replacer, coating material and other.
  • Based on geography, the global  sugar substitutes market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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