Market Overview:
Global Sugar Substitutes Market is projected to grow at the CAGR of 3.5%. Sugar substitutes contain less calorie and has high nutritional profile as compared to table sugar. Changing lifestyle has led to healthy consumption pattern and consumers have more inclination towards adoption of diet with sugar alternatives. This has influenced the high sale of sugar substitutes in the convenience food industry. Increasing health awareness along with developing economy is having a positive impact on the sugar substitutes market based on several health benefits of sugar substitute’s consumption. Hence, now table sugar alternatives is found to have increased application across various segments of food industries.
Advancement in technology due to development in economic conditions has led to innovations in sweeteners market. Adoption of healthy food consumption trends in the developed countries is having a positive impact on the growth of sugar substitutes market. Sugar substitutes helps in preventing the risk of obesity and heart diseases. Key players are following strategies of merger and acquisition of small players due to high demand of the product. U.S. and China are amongst the major key players exporting sugar substitutes to various countries of other regions.
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Regional Analysis:
The Global Sugar Substitutes Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America has the major market share followed by Asia Pacific. Based on the high nutritional value, sugar substitutes have gained popularity in various other regions. However, the rising market concentration of sugar substitutes and side-effects of certain sugar alternatives is found to confine its market growth. Mexico, U.S., Germany, Netherlands and U.K. are considered the major importers of sugar substitutes.
Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major sugar substitute’s market players. It further includes product portfolios, developments of leading major players which includes
- E. I. du Pont de Nemours and Company (U.S.)
- Merisant Company (U.S.)
- Cargill, Inc. (U.S.)
- Tate & Lyle PLC (U.K.)
- Ingredion Incorporated (U.S.)
- The Archer Daniels Midland Company (U.S.)
- JK Sucralose Inc (China)
The Global Sugar Substitutes Market is segmented on the basis of Type, Product-Type, Application, Formulations and Region. Based on the Type, High-intensity sugar substitutes is found to be escalating at a high CAGR. Amongst the various product-type, stevia is calculated to hold a major share followed by in high-intensity sweeteners. On the basis of application, bakery and confectionery dominated the sugar substitutes market. Amongst the formulation, artificial substitutes is anticipated to hold a large share based on consumer’s consumption preferences.
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Key Findings:
Growth of natural sweeteners is anticipated to have a high growth during the forecast period. Top exporters of Sugar Substitutes include U.S., China, Canada, Netherlands, Germany and Italy
Study Objectives of Sugar Substitutes Market:
- To analyze key driving forces which are influencing the market
- Region level market analysis and market estimation of North America, Europe, Asia, and rest of the world (ROW) and their countries
- Value chain analysis & supply chain analysis of Sugar Substitutes
- Company profiling of major players in the market
- Competitive strategy analysis and mapping key stakeholders in the market
- Analysis of historical market trends and technologies along with current government regulatory requirements
- Detail analysis of the market’s segments and sub-segments
- To estimate and forecast market size by Type, Product-Type, Application, Formulation and Region
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