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:
Market Segmentation: Global Sugar Substitutes Market
The global sugar substitutes market is segmented based on composition, type, application and geographical segments.
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