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:
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around 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