Sugar Substitutes Market: Global Industry Trend Analysis 2014 to 2018 and Forecast 2019 - 2029

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Sugar Substitutes Market: Global Industry Trend Analysis 2014 to 2018 and Forecast 2019 - 2029

Status : August, 2020 | Food and Beverages | PPT format

Report Digest


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:

  • High Intensity Sweeteners
  • Low Intensity Sweeteners
  • High Fructose Corn Syrup

On the basis of nature, the global sugar substitutes market has been segmented as:

  • Organic
  • Conventional

On the basis of end use, the global sugar substitutes market has been segmented as:

  • Food and Beverage Manufacturers
    • Bakery
    • Confectionery
    • Dairy
    • Ready-to-snacks
    • Convenience Food
    • Soft Drinks
    • Packaged Food
  • Cosmetics and Personal Care
  • Pharmaceuticals

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

  • In November 2016 – PepsiCo started the addition of aspartame in its new zero calorie Pepsi or Diet Pepsi.
  • In October 2017 – GLG Life Tech Corp collaborated Archer Daniels Midland Co. and launched a new product named Reb M sweetener, which is made using stevia.

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:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.