Sugar Substitutes Market Demand, Size, Share, Scope & Forecast To 2027

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Sugar Substitutes Market Demand, Size, Share, Scope & Forecast To 2027

April 02
01:24 2021
Increasing preference among consumers towards low-calorie beverage and food products and the rising demand for sugar substitute products from the beverage and food industry are driving the demand of the market.

Market Size – USD 15.80 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends –Growing number of diabetic and obese population

The global Sugar Substitutes Market is forecasted to be worth USD 22.53 Billion in 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing awareness among consumers regarding the adverse effect of sugar on health that increases diabetes and obesity. The rapid urbanization, coupled with the increasing spending power of consumers on processed food and beverages in the developing economies, is most likely to propel the industry’s growth of the region.

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The Stevia dominated the market for sugar substitutes in 2019 due to its zero calories and zero glycemic index characteristics. For example, over the past five years, approximately 10,000 stevia-based beverages and food products have been introduced, out of which most of the launces included soft drink production.

Key Market Competitors

The global Sugar Substitutes industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.

Key participants include 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, among others.

Emergen Research has segmented the global Sugar Substitutes Market on the basis of Origin, Type, Composition, Application, and region:

  • Origin Outlook (Revenue, USD Billion; 2017-2027)
    • Artificial/Synthetic
    • Natural
  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • High-fructose syrups
    • Low-intensity sweeteners
    • High-intensity sweeteners
  • Composition Outlook (Revenue, USD Billion; 2017-2027)
    • Sugar Alcohols
    • Stevia
    • Saccharine
    • Sucralose
    • Cyclamate
    • Aspartame
    • Others
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Beverage
    • Food
    • Pharmaceuticals
    • Personal care

The Global Sugar Substitutes Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global Sugar Substitutes Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2017-2018
  2. Base Year: 2019
  3. Estimated Year: 2027
  4. Forecast Years: 2020-2027

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Sugar Substitutes Market Segmentation & Impact Analysis
    4.1. Sugar Substitutes Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing preference among consumers for low-calorie foods
                    4.2.2.2. Growing number of diabetic & obesity population
                    4.2.2.3. Increasing usage of sugar substitutes in bakery & food products
                    4.2.2.4. Fluctuations in sugar prices
          4.2.3. Market restraints analysis
                    4.2.3.1. Uncertainty regarding adverse effects of the sugar substitutes
                    4.2.3.2. Stringent policies and regulations for sugar substitute
                    4.2.3.3. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Sugar Substitutes Market By Origin Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Origin Dynamics & Market Share, 2019 & 2027
          5.1.1. Artificial/Synthetic
          5.1.2. Natural

Chapter 6. Sugar Substitutes Market By Type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
    6.1. Type Dynamics & Market Share, 2019 & 2027
          6.1.1. High-fructose syrups
          6.1.2. Low-intensity sweeteners
          6.1.3. High-intensity sweeteners

CONTINUED…!!

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