The global sugar substitutes market size is expected to reach USD 23.93 Billion at a steady revenue CAGR of 4.7% in 2028, according to latest analysis by Emergen Research. Rising awareness among consumers regarding the adverse effects of sugar on health such as increased risk of diabetes and obesity is driving market revenue growth.
The Sugar Substitutes market represents a dynamic and rapidly evolving segment within the food and beverage industry, offering alternatives to traditional sugar for consumers seeking healthier options. Sugar substitutes, also known as artificial sweeteners or non-nutritive sweeteners, provide sweetness without the calories or glycemic impact of sucrose, making them attractive to individuals managing diabetes, obesity, or other dietary concerns. With increasing awareness of the health risks associated with excessive sugar consumption, the Sugar Substitutes market plays a pivotal role in meeting consumer demand for reduced-sugar and low-calorie products across a diverse range of food and beverage categories.
Drivers of Sugar Substitutes Market
The growth of the Sugar Substitutes market is propelled by several key drivers. Foremost among these is the global rise in obesity and diabetes rates, driving consumer demand for healthier dietary options and reduced-sugar products. Sugar substitutes offer a means to satisfy sweet cravings without the negative health consequences associated with excessive sugar intake, appealing to health-conscious consumers seeking to manage their weight and blood sugar levels. Additionally, regulatory initiatives aimed at reducing sugar consumption, such as sugar taxes and labeling requirements, are driving food and beverage manufacturers to reformulate their products with sugar substitutes, further fueling market growth.
Major Companies and Competitive Landscape
The Sugar Substitutes Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Cargill, Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company.
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Key inclusions of the Sugar Substitutes Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Sugar Substitutes Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Sugar Substitutes Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Sugar Substitutes Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Sugar Substitutes Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Sugar Substitutes Market Segment Analysis
Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:
Origin Outlook (Revenue, USD Billion; 2018-2028)
· Artificial/Synthetic
· Natural
Type Outlook (Revenue, USD Billion; 2018-2028)
· High-fructose syrups
· Low-intensity sweeteners
· High-intensity sweeteners
Composition Outlook (Revenue, USD Billion; 2018-2028)
· Sugar Alcohols
· Stevia
· Saccharine
· Sucralose
· Cyclamate
· Aspartame
· Others
Application Outlook (Revenue, USD Billion; 2018-2028)
· Beverage
· Food
· Pharmaceuticals
· Personal Care
Regional Analysis of the Sugar Substitutes Market :
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
· Analysis and estimation of the Sugar Substitutes Market size and share for the projected period of 2022-2030
· Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
· Strategic recommendations to help readers formulate lucrative business strategies
· Identification of the emerging players and their tactical approaches to expand market presence
· An extensive study of the product portfolios of the major market players and their regional presence
· Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Sugar Substitutes Market
· Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
