Sugar Substitute Market Booming by Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview to 2028
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 latest industry intelligence research on the Sugar Substitute market offers a repository of valuable data on the size, share, and growth rate of the Sugar Substitute market for the forecast period, 2020 – 2028. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2020 – 2028 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period.
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Sugar Substitute Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
Some Key Highlights From the Report
Natural segment accounted for largest revenue share in 2020. Shift in consumer preferences from synthetic or artificial sugar substitutes towards natural and organic products is expected to drive growth of the segment. As per the sugar alliance organization, almost 20% of the U.S. citizens agreed that they prefer natural sugar substitute-based food or drink products.
High intensity sweeteners are commonly used as sugar substitute as they are sweeter than sugar but contribute to few or no calories when mixed with food. These sugar substitutes are approved by FDA and are safe for consumption under certain conditions of use. Some of the commonly used high intensity sweeteners are sucralose, aspartame, and saccharine.
Stevia segment accounted for largest revenue share in 2020 due to its zero calories and zero glycemic index characteristics. Stevia is about 100 to 300 times sweeter than table sugar but has no calories, carbohydrates, or artificial ingredient. 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.
Beverage segment accounted for largest revenue share in 2020 due to increasing demand for natural and sports drinks, ready-to-drink teas, flavored water, soft drinks, and fruit juices with nutritional enrichment and low-calorie content. Increased innovation in new beverage products with low calorie content is also fueling segment revenue growth.
Sugar substitute market in Asia-Pacific region is anticipated to be the fastest-growing region over the forecast period due to the growing disposable income and increasing health-conscious population. Changing lifestyle and increased awareness of health is further driving growth of the market in the region.
Companies in the market report 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.
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Important Points Mentioned in the Sugar Substitute Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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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
Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Sugar Substitute market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Sugar Substitute market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2028?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Sugar Substitute market growth worldwide?
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Table of Content
Chapter 1. Sugar Substitute Market Methodology & Sources
1.1. Sugar Substitute Market Definition
1.2. Sugar Substitute Market Research Scope
1.3. Sugar Substitute Market Methodology
1.4. Sugar Substitute Market 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, 2019-2028
Chapter 3. Sugar Substitute Market Key Insights
Chapter 4. Sugar Substitute Market Segmentation & Impact Analysis
Chapter 5. Sugar Substitute Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Sugar Substitute Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Sugar Substitute Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Sugar Substitute Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Sugar Substitute Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
