Sugar Substitutes Market size was valued at US$ 17.24 Bn in 2021 and the total revenue is expected to grow at 4.52 % through 2022 to 2029, reaching nearly US$ 24.55 Bn.
Sugar Substitutes Market Overview:Sugar comes from a variety of sources, including sugarcane. It's a sweet carbohydrate that's utilised in a variety of cuisines. Sugars that are commonly used include monosaccharides (simple sugar), galactose, and fructose. Sucrose is the sugar we eat, and it hydrolyzes into glucose and fructose when we consume it. Sugar is mostly used as a sweetener and in baked items. Sugar consumption can cause weight gain, acne, diabetes, cancer, depression, rapid skin ageing, and fatty liver, among other health problems. Consumer desire for sugar replacements has shifted as health consciousness has grown. To know about the Research Methodology :- Request Free Sample Report
Sugar Substitutes Market Dynamics:Stevia is a popular market product that has replaced sugar and is expected to increase significantly during the forecast period. According to the National Diabetes Statistics Report, 10.5% of the entire population of the US market had diabetes throughout the historic forecast period that ended in 2021. Furthermore, 2% of adults in the United States were unaware that they had diabetes, while 21.4 percent of all adults in the United States had diabetes. Furthermore, increased obesity in the region is pressuring consumers to reduce their sugar intake, resulting in a strong growth driver for the Sugar Substitutes Market over the forecast period. The Global Sugar Substitutes Market is being held back by a lack of understanding about the dangers of sugar use.
Functional Food Products are in High Demand:Due to increased consumer emphasis on health and the idea that diet directly influences health, the growth of functional foods and dietary supplements has played a vital role in healthy behaviours in recent years. Consumer awareness of micronutrient deficiencies, rising health concerns, increasing disease incidences, and rising disposable income are all driving global demand for functional foods. In addition, the rise in chronic diseases around the world is fueling consumer demand for nutritional foods. A healthy eating diet is directly proportionate to overall health improvement and lowers heart disease, stroke, and type 2 diabetes, according to the NIH-funded study. A healthy eating trend is gaining popularity and generating curiosity, which is pushing the development of healthy foods. Because of their low-calorie content and glycemic index, sugar replacements are becoming a popular element in the creation of functional foods and nutritional supplements. In addition, as a result of the COVID-19 pandemic, customers are increasingly looking for items that improve immunity as a prophylactic precaution. The demand for goods containing immune-boosting natural ingredients is skyrocketing in the functional food business. As per the International Food Information Council's (IFIC) 2021 Food and Health Survey, 43 percent of people followed a specific diet in 2022, up 38 percent from 2021, with a low-carb diet accounting for 7% of the total. Losing weight (47%), improving physical health (39%), reducing future health difficulties (37%), and limiting weight gain are all reasons for teaching new diets (36%). As a result, increased demand for functional food products is likely to propel the sugar replacement market forward, as sugar substitute use enhances health by reducing the intake of simple sugar, which is higher in calories and may be associated with a variety of ailments.
Sugar Substitutes Market Segment Analysis:Based on Product Type, the global Sugar Substitutes market is sub-segmented into High Fructose Syrup, Low Intensity Sweeteners and High Intensity Sweeteners. The Thai Red Cargo Rice segment held the largest market share of 43.5% in 2021. High-intensity sweeteners are considered safe for the general public in the United States under specific conditions of use. Aspartame, sucralose, and saccharine are three significant segments of the entire high-intensity sweetener market. Aspartame is the most common low-calorie artificial sweetener on the market for high-intensity sweeteners. It's a sterile white powder that's 200 times sweeter than regular sugar. It's found as a food additive in desserts, candies, beverages, chewing gums, and weight-loss treatments. Based on Applications, the global Sugar Substitutes market is sub-segmented into Food Products, Beverages, Pharmaceuticals, and Others. The Food Product Industry segment held the largest share 4.52% in 2021. Increasing demand for food products with sweet taste having fewer calories has resulted in increased use of sugar substitutes. Different organic and synthetic substitutes are now used in food products. Bakery and Confectionery food products that are produced on large scale are now mixed with Sugar Substitutes. Beverages come in the second position. The rise in demand for Non-Alcoholic and Non-caffeine beverages with zero calories has resulted in increased use of Sugar Substitutes in Beverage processing. Different Health and Dietary drinks are made with Sugar Substitutes to maintain the nutritional contents in them. Pharmaceuticals come in the third position. Rising demand for different health supplements and energy pills with a sweet taste and low health risks has resulted in increased consumption of Sugar Substitutes by Pharmaceuticals Industry. Different Industries use Sugar Substitutes as per need.
Sugar Substitutes Market Regional Insights:Asia Pacific region is expected to grow at the fastest rate and hold the largest proportion of the sugar alternatives market. Customers' lives in this region are rapidly changing, and they are becoming more health-conscious, strengthening the regional demand for natural sweeteners. In terms of diet diversity and growing urbanization, this region is likewise witnessing considerable changes. Furthermore, a movement in consumer preference towards low-sugar, high-energy meals has resulted from increased consumer understanding of health issues, as well as improved disposable expenditures. Sugar substitutes are expected to grow in popularity in North America. The engagement of major enterprises in the region is favourably influencing the regional market, as is a growth in the consumption of refined sugar substitutes as a result of growing awareness of sugar's detrimental implications. In 2021, the region's market was worth USD 2.39 billion. The objective of the report is to present a comprehensive analysis of the global Sugar Substitutes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Sugar Substitutes Market dynamic, structure by analyzing the market segments and project the global Sugar Substitutes Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sugar Substitutes Market make the report investor’s guide.
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Global Sugar Substitutes Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 17.24 Bn. Forecast Period 2022 to 2029 CAGR: 4.52% Market Size in 2029: US $ 24.55 Bn. Segments Covered: by Nature • Organic • Synthetic by Product Type • High Fructose Syrup • Low Intensity Sweeteners • High Intensity Sweeteners by Application • Food Products • Beverages • Pharmaceuticals • Other
Sugar Substitutes Market, by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Sugar Substitutes Market Key Players are:• Cargill, Inc. • Tate & Lyle PLC • Ingredion Inc. • Archer Daniels Midland Company • ADM • DuPont • PureCircle Ltd. • MacAndrews & Forbes Holdings Inc. • Pyure Brands LLC • Nutra Sweet Co. • XiliNat • Hearthside Food Solutions LLC • Sweetly Stevia • Roquette Freres • Fooditive B.V. • SAGANA Association • Real Stevia • JK Sucralose Inc. • Ajinomoto Co. Inc. • Suminter India Organics
Frequently Asked Questions:1] What segments are covered in Sugar Substitutes Market report? Ans. The segments covered in Sugar Substitutes Market report are based on Nature, Product Type and Applications. 2] Which region is expected to hold the highest share in the global Sugar Substitutes Market? Ans. Asia Pacific is expected to hold the highest share in the global Sugar Substitutes Market. 3] What is the market size of global Sugar Substitutes Market by 2029? Ans. The market size of global Sugar Substitutes Market by 2029 is US $ 24.55 Bn. 4] Who are the top key players in the global Sugar Substitutes Market? Ans. Cargill, Inc., Tate & Lyle PLC , Ingredion Inc., Archer Daniels Midland Company and ADM are the top key players in the global Sugar Substitutes Market. 5] What was the market size of global Sugar Substitutes Market in 2021? Ans. The market size of global Sugar Substitutes Market in 2021 was US $ 17.24 Bn. 6] By Nature, what segments are covered in global Sugar Substitutes Market report? Ans. The segments covered in global Sugar Substitutes Market report by nature are Organic and Synthetic.
1. Global Sugar Substitutes Market: Research Methodology 2. Global Sugar Substitutes Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Sugar Substitutes Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Sugar Substitutes Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Sugar Substitutes Market Segmentation 4.1 Global Sugar Substitutes Market, by Nature (2021-2029) • Organic • Synthetic 4.2 Global Sugar Substitutes Market, by Product Type (2021-2029) • High Fructose Syrup • Low Intensity Sweeteners • High Intensity Sweeteners 4.3 Global Sugar Substitutes Market, by Applications (2021-2029) • Food Products • Beverages • Pharmaceuticals • Other 5. North America Sugar Substitutes Market(2021-2029) 5.1 Global Sugar Substitutes Market, by Nature (2021-2029) • Organic • Synthetic 5.2 Global Sugar Substitutes Market, by Product Type (2021-2029) • High Fructose Syrup • Low Intensity Sweeteners • High Intensity Sweeteners 5.3 Global Sugar Substitutes Market, by Applications (2021-2029) • Food Products • Beverages • Pharmaceuticals • Other 5.4 North America Sugar Substitutes Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Sugar Substitutes Market (2021-2029) 6.1. Asia Pacific Sugar Substitutes Market, by Nature (2021-2029) 6.2. Asia Pacific Sugar Substitutes Market, by Product Type (2021-2029) 6.2. Asia Pacific Sugar Substitutes Market, by Applications (2021-2029) 6.2. Asia Pacific Sugar Substitutes Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Sugar Substitutes Market (2021-2029) 7.1 Middle East and Africa Sugar Substitutes Market, by Nature (2021-2029) 7.2. Middle East and Africa Sugar Substitutes Market, by Product Type (2021-2029) 7.2. Middle East and Africa Sugar Substitutes Market, by Applications (2021-2029) 7.4. Middle East and Africa Sugar Substitutes Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Sugar Substitutes Market (2021-2029) 8.1. Latin America Sugar Substitutes Market, by Nature (2021-2029) 8.2. Latin America Sugar Substitutes Market, by Product Type (2021-2029) 8.2. Latin America Sugar Substitutes Market, by Applications (2021-2029) 8.4 Latin America Sugar Substitutes Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Sugar Substitutes Market (2021-2029) 9.1. European Sugar Substitutes Market, by Nature (2021-2029) 9.2. European Sugar Substitutes Market, by Product Type (2021-2029) 9.3. European Sugar Substitutes Market, by Applications (2021-2029) 9.4. European Sugar Substitutes Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Cargill, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Tate & Lyle PLC 10.3. Ingredion Inc. 10.4. Archer Daniels Midland Company 10.5. ADM 10.6. DuPont 10.7. PureCircle Ltd. 10.8. MacAndrews & Forbes Holdings Inc. 10.9. Pyure Brands LLC 10.10. Nutra Sweet Co. 10.11. XiliNat 10.12. Hearthside Food Solutions LLC 10.13. Sweetly Stevia 10.14. Roquette Freres 10.15. Fooditive B.V. 10.16. SAGANA Association 10.17. Real Stevia 10.18. JK Sucralose Inc. 10.19. Ajinomoto Co. Inc. 10.20. Suminter India Organics