Sugar Substitutes Market: Global Industry Trend Analysis 2014 to 2018 and Forecast 2019 - 2029
Sugar Substitutes: Market Outlook
Sugar is a carbohydrate which is used in many food for its sweet taste. Sugar is derived from various sources such as sugarcane. There are various types of sugars which includes monosaccharide (simple sugar), galactose, and fructose. The sugar that humans consume are called as sucrose, which when consumed will hydrolyse into glucose and fructose. Sugar is mainly used in bakery, commercial beverages, and is also used as a sweetener by few people.
There are certain drawbacks when sugar is consumed on a regular basis, which includes weigh gain, increases the risk of heart disease, prone to acne, diabetes, increases the risk of cancer, depression, might accelerate the ageing of skin, leads to fatty liver, and many other health risks. In order to overcome these drawbacks, consumers started to use sugar substitutes.
Sugar substitutes are a type of food additive which provides the same taste of sugar, but contains less food energy when compared to any other sugar based sweeteners. These sugar substitutes are used by the food manufacturers in large quantities in order to replace sugar in their products.
Sugar Substitutes and its Properties:
Consumers these days are more health conscious and want to be healthy. In the food and beverage industry, the usual table sugar which is high in calories are replaced by a variety of sugar substitutes. The food and beverage industry is replacing corn syrup and sugar with sugar substitutes. Few products which consists of sugar substitute includes dietary food, sodas, sugar-free desserts, cereals, and others.
The main factor which helps in the growth of the sugar substitute market is the increase in the demand for zero-calorie or low-calorie products, and the increasing consumer awareness regarding sugar substitutes. Sugar substitutes are mainly used in various processed foods such as beverages, ice creams, powdered drink mixes, puddings, jams, jellies, candies, dairy products, and others.
Food manufacturers choose the suitable sugar substitute based on its availability, cost, stability, and considerations. Sometimes sugar substitutes blend are used. The regulations in the U.S. and Europe have approved the usage of stevia as a sweetener, which creates a demand for the stevia leaf. The import rate of sugar substitutes in countries such as Indonesia and India are low when compared to the other countries due to the lack of consumer awareness regarding the sugar substitutes. The increasing diabetic rate and weight-related issues are certain major drivers of sugar substitutes.
Global Sugar Substitutes Market: Segmentation
On the basis of type, the global sugar substitutes market has been segmented as:
On the basis of nature, the global sugar substitutes market has been segmented as:
On the basis of end use, the global sugar substitutes market has been segmented as:
Global Sugar Substitutes Market: Market Participants
Some of the market participants operating in the global Sugar Substitutes market identified across the value chain include Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company, E. I. DuPont De Nemours, Ingredion Incorporated, Ajinomoto Co. Inc., Roquette, The Nutra Sweet Company, PureCircle, JK Sucralose Inc. among the other Sugar Substitutes manufacturers.
Key Developments in the Sugar Substitutes Market
Opportunities for Participants in the Sugar Substitutes Market
There are certain factors such as rise in the demand for bakery products and beverages helps drive the growth of global sugar substitutes market. Sugar substitute’s application is to reduce the costs and decrease the usage of sugar in the manufacturing of food products, which creates more opportunities for the R&D and creates a competitive advantage in the global sugar substitutes market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report