Sugar Substitutes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Sugar Substitutes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Global Sugar Substitutes Market: Snapshot
Sugar substitutes are any type of sweet food additive which tastes like sugar and have comparatively low calories than actual sugar. These substitutes are extensively used in dairy products, beverages, baked products, frozen foods, and even in personal care products. Soaring demand for low-calorie beverages and food products are majorly driving the global sugar substitutes market.
Asia Pacific is projected to be highly promising region for sugar substitute manufacturers due to the raised living standards of middle-class people combined with increasing spending power of consumers. Along with this, rising concerns about health among health conscious people is also providing impetus to the growth of the global sugar substitutes market.
Growing awareness about repercussions of extreme sugar consumption and increasing cases of diabetes worldwide are also poised to support to the growth of the global sugar substitutes market. Additionally, fluctuation in sugar prices is responsible for creating opportunities for the manufacturers in the global sugar substitutes market globally during the assessment period.
North America holds the highest consumers of sugar substitutes. In this region, people’s inclination towards consuming healthy foods and rising awareness about low-calorie diets are majorly boosting demand in the sugar substitutes market. Specifically, corn syrup and sugar are being replaced by sugar substitutes in a wide range of foods. Sodas, dietary food, sugar-free cereals and desserts are the common food items which feature sugar substitutes. Recently, sugar substitutes are highly used in several processed foods such as ice creams, beverages, puddings, candies, jellies, and powered drink mixes. All such USPs are majorly contributing demand in the global sugar substitutes market.
Global Sugar Substitutes Market: Overview
Sugar substitutes are sweet food added substances which possess a flavor like sugar and have low calories than sugar. Sugar substitutes are utilized in beverages, dairy products, solidified food, confectionary, heated products, wellbeing and individual care products and so on. Sugar substitutes are of two sorts, for example, natural substitutes and artificial. The characteristic substitutes are sorbitol and xylitol and artificial substitutes are non-natural sweeteners. They are otherwise called the "artificial sweeteners" or "non-caloric sweeteners" which are utilized as a component in packaged food and beverages or as a tabletop sweetener like sweetening a glass of ice tea. The sugar substitutes are sweeter than sugar, hence little amount of these substitutes offer more prominent level of sweetness. Most Sugar Substitutes are less in calorie or contain no calorie. Taking off interest for sugar substitute products from the food and beverage industry is foreseen to enable the market to increase huge footing over the coming years.
The global intelligence report is based on the procurement, analysis, and exegesis of data on the global sugar substitutes market collected from comprehensive sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The report gives and examination of the market competition that could be experienced by players. The report discusses possible market investigation strategies for new personals and business ways that present players could take. The report is a comprehensive examination of the sugar substitute market, its drivers, challenges, and key trends that the market is anticipated to witness.
Global Sugar Substitutes Market: Key Trends
With customers developing increasingly mindful of the evil impacts of utilization of sugar, sharp regard for self-wellbeing and health, and the changing tendency towards selection of low-calorie food products is required to introduce an onus to the energetic development of the sugar substitutes market over the globe. The surge in awareness in regards to the utilization of supplanting sugar with substitutes in prevalent consumables, for example, powdered beverage blends, sodas, canned foods, and bakery products is vigorously driving the global sugar substitutes market.
The disturbing ascent in the number of diabetics over the world is another key factor in charge of the development of the sugar substitutes market. The expanding mindfulness with respect to utilization of sugar substitutes among diabetics and obese population is expected to fuel the global market.
Global Sugar Substitutes Market: Market Potential
The Mexican government has actualized a duty on polyol sugar sweetened beverages at USD 0.057 for each liter, impacting buyers worried about their dietary propensities, along these lines proplling the market sugar substitutes across the globe.
LG Life Tech Corp propelled its Reb M sweetener product offering in a joint effort with Archer Daniels Midland Co. The sweeteners are produced using GLG Life Tech's restrictive high Reb M Dream Sweetener stevia leaf.
Global Sugar Substitutes Market: Regional Outlook
Om the basis of geographical segmentation, the global sugar substitutes market has been segmented into-Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America was the main territorial market and it summoned a substantial part of the global demand in 2015. It is foreseen to overwhelm the market over the forthcoming years because of thriving food handling industry, rising predominance of diabetes, and expanding obesity in the region.
Rising medical problems identified with sugar utilization, presence of emerging economies giving net revenues to key market members, and rising disposable incomes are driving the Asia Pacific market.
Global Sugar Substitutes Market: Competitive Landscape
Tate & Lyle.; Cargill; Incorporated; Archer Daniels Midland Company; Ingredion Incorporated; Roquette; Ajinomoto Co., Inc.; JK Sucralose Inc.; PureCircle; The NutraSweet Company; and E. I. DuPont De Nemours. Global players such as Ingredion Incorporated, and Kerry Group,Company
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.
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