Press release
Sugar Substitutes Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2026
The global sugar substitutes market size is expected to reach USD 10.27 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. In 2018, the market value stood at USD 6.35 billion. Increased customer awareness of health issues would drive the demand for healthy food options, shares Fortune Business Insights™ in its report, titled "Sugar Substitutes Market Size, Share and Global Trend By Product Type (Low-Intensity Sweeteners, High-Intensity Sweeteners, High Fructose Corn Syrup), End Use (Food & Beverage Manufacturers, Pharmaceuticals, Cosmetics & Personal Care) & Geography Forecast till 2026".
The market is primarily expanding as people become more conscious of the adverse health effects of synthesis sugar, which contribute to obesity and diabetes. Sugar replacements such as stevia, aspartame, sorbitol, and D-tagatose, on the other hand, do not raise blood sugar levels immediately, contain little to no calories, and do not cause tooth decay or cavities. As a result, a growing prevalence of diabetes and improving customer health-consciousness are the primary drivers of this business. Furthermore, with the help of government agencies and other governmental bodies, the public is being nudged to use sugar substitutes to reduce sugar intake due to the harmful effects of refined sugar.
List of Key Players Profiled in the Sugar Substitutes Market Report:
Tate & Lyle
Cargill, Incorporated
Ingredion Incorporated
DowDuPont
Pure Circle Limited
Roquette Frères
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sugar-substitutes-market-100261
Report Highlights:
The report offers comprehensive analyses of companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Drivers & Restraints:
Rising Consumer Demand for Low-Calorie Beverages Choices to Fuel Market Growth
The rising demand for zero-calorie or low-calorie foods and beverages, combined with increased consumer knowledge of sugar substitutes, is one of the leading factors driving this market's growth. Sugar replacements are commonly used in beverages, ice creams, powdered drink mixes, puddings, sauces, jellies, candies, dairy products, and other refined foods. Consumers are more health-conscious these days, and they choose to eat a balanced diet. Table sugar, for instance, which is high in calories, is increasingly being replaced by natural sugar alternatives derived from ingredients such as honey and maple syrup in the food and beverage industry.
Sugar substitutes are also being used to replace corn syrup and refined sugar in diverse food applications such as cakes, canned foods, and jams. For example, xylitol is a sugar alcohol that has a similar sweetness to sugar. It comes from corn or birch wood and can be used with a variety of fruits and vegetables. The absence of fructose, the key ingredient responsible for the majority of sugar's negative effects, renders xylitol a promising sugar replacement, including improved dental health.
Segments:
Based on type, the market is segmented into aspartame, acesulfame potassium, saccharin, sucralose, stevia, sugar alcohols, and others. Based on application, the market is categorized into food & beverages, pharmaceuticals, and personal care, and cosmetics. By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Speak to Analyst:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sugar-substitutes-market-100261
Regional Insights:
Asia Pacific to Emerge as the Most Rapidly-Growing Market for Sugar Substitutes
The Asia Pacific region is anticipated to develop at the highest pace and lead the sugar substitutes market share. Customers' lifestyles are speedily changing in this region and they are becoming more health-conscious, thus boosting the regional market for natural sweetening products. This region is also undergoing significant changes in terms of diet diversification and rapid urbanization. Furthermore, an increase in consumer understanding of health issues, along with improvising disposable incomes, has led to a shift in consumer preference towards low-sugar, high-energy diets.
The demand for sugar substitutes is expected to surge across North America. The involvement of major players in the region and a rise in the consumption of substitutes of refined sugar due to increased knowledge of the ill-effects of sugar are positively influencing the regional market. In 2018, the region's market size stood at USD 2.39 billion.
Competitive Landscape:
Manufacturers to Increase R&D Investments to Produce Newer and Better Offerings
Manufacturers are steadily investing in the research and development of new sugar substitutes to achieve a competitive advantage over their rivals. Many foods and beverage companies are substituting natural sugars for normal sugars to reduce the calorie content in their finished products.
Key Industry Developments:
July 2020: Tate & Lyle introduced the SWEETENER-VANTAGE Expert system, a new line of sweetener solution design tools as well as an education program for making sugar-free foods and beverages with low-calorie sweeteners.
June 2019: Pioneer Foods and Deborah Good formed a joint venture to launch Freesweet, a natural-based sweetener. The novel product is made up of erythritol, xylitol, and inulin, as well as vanilla flavoring and Himalayan salt.
Get Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/sugar-substitutes-market-100261
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email
Connect us via Social Media Channels:
LinkedIn Facebook Twitter Blogs
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
The market is primarily expanding as people become more conscious of the adverse health effects of synthesis sugar, which contribute to obesity and diabetes. Sugar replacements such as stevia, aspartame, sorbitol, and D-tagatose, on the other hand, do not raise blood sugar levels immediately, contain little to no calories, and do not cause tooth decay or cavities. As a result, a growing prevalence of diabetes and improving customer health-consciousness are the primary drivers of this business. Furthermore, with the help of government agencies and other governmental bodies, the public is being nudged to use sugar substitutes to reduce sugar intake due to the harmful effects of refined sugar.
List of Key Players Profiled in the Sugar Substitutes Market Report:
Tate & Lyle
Cargill, Incorporated
Ingredion Incorporated
DowDuPont
Pure Circle Limited
Roquette Frères
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sugar-substitutes-market-100261
Report Highlights:
The report offers comprehensive analyses of companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Drivers & Restraints:
Rising Consumer Demand for Low-Calorie Beverages Choices to Fuel Market Growth
The rising demand for zero-calorie or low-calorie foods and beverages, combined with increased consumer knowledge of sugar substitutes, is one of the leading factors driving this market's growth. Sugar replacements are commonly used in beverages, ice creams, powdered drink mixes, puddings, sauces, jellies, candies, dairy products, and other refined foods. Consumers are more health-conscious these days, and they choose to eat a balanced diet. Table sugar, for instance, which is high in calories, is increasingly being replaced by natural sugar alternatives derived from ingredients such as honey and maple syrup in the food and beverage industry.
Sugar substitutes are also being used to replace corn syrup and refined sugar in diverse food applications such as cakes, canned foods, and jams. For example, xylitol is a sugar alcohol that has a similar sweetness to sugar. It comes from corn or birch wood and can be used with a variety of fruits and vegetables. The absence of fructose, the key ingredient responsible for the majority of sugar's negative effects, renders xylitol a promising sugar replacement, including improved dental health.
Segments:
Based on type, the market is segmented into aspartame, acesulfame potassium, saccharin, sucralose, stevia, sugar alcohols, and others. Based on application, the market is categorized into food & beverages, pharmaceuticals, and personal care, and cosmetics. By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Speak to Analyst:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sugar-substitutes-market-100261
Regional Insights:
Asia Pacific to Emerge as the Most Rapidly-Growing Market for Sugar Substitutes
The Asia Pacific region is anticipated to develop at the highest pace and lead the sugar substitutes market share. Customers' lifestyles are speedily changing in this region and they are becoming more health-conscious, thus boosting the regional market for natural sweetening products. This region is also undergoing significant changes in terms of diet diversification and rapid urbanization. Furthermore, an increase in consumer understanding of health issues, along with improvising disposable incomes, has led to a shift in consumer preference towards low-sugar, high-energy diets.
The demand for sugar substitutes is expected to surge across North America. The involvement of major players in the region and a rise in the consumption of substitutes of refined sugar due to increased knowledge of the ill-effects of sugar are positively influencing the regional market. In 2018, the region's market size stood at USD 2.39 billion.
Competitive Landscape:
Manufacturers to Increase R&D Investments to Produce Newer and Better Offerings
Manufacturers are steadily investing in the research and development of new sugar substitutes to achieve a competitive advantage over their rivals. Many foods and beverage companies are substituting natural sugars for normal sugars to reduce the calorie content in their finished products.
Key Industry Developments:
July 2020: Tate & Lyle introduced the SWEETENER-VANTAGE Expert system, a new line of sweetener solution design tools as well as an education program for making sugar-free foods and beverages with low-calorie sweeteners.
June 2019: Pioneer Foods and Deborah Good formed a joint venture to launch Freesweet, a natural-based sweetener. The novel product is made up of erythritol, xylitol, and inulin, as well as vanilla flavoring and Himalayan salt.
Get Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/sugar-substitutes-market-100261
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Connect us via Social Media Channels:
LinkedIn Facebook Twitter Blogs
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
