Sugar Alternative Market Information- by Type, Application, Distribution Channel and Region
Research Reports
Jan 05, 2021
Market Overview
Sugar alternative is considered to be as food additives or ingredients which are massively used in the food and beverages. Sugar alternative provides a sweet taste like sugar. Sugar alternative offers less energy as compare to the sugar. Sugar alternative comes in various forms such as powder & cube and other various forms. Sugar alternative enhances the shelf life of the prepared food which is considered to be one of the significant reasons of the rising growth of sugar alternative.
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Downstream Analysis
High intensity sweeteners segment is estimated to account for major market proportion in the global sugar alternative market. The growth of the high intensity sweeteners is contributed by the economical pricing along with the massive usage in the alcoholic beverages products. Among the high intensity sweeteners is accounting for maximum market proportion in the sugar alternative market. Among the application beverages is holding maximum market proportion in the year of 2017 and it is projected to retain its dominance throughout the forecast period. However, food segment is estimated to grow fast as compare to the other segments. Store based distribution channel is accounts for the maximum market share in the global Sugar Alternative market. Among the store based distribution channel, supermarkets & hypermarkets is anticipated to hold more than 50% of market proportion in the global sugar alternative market. Non-store based distribution channel is projected to grow steadily during the forecast period.
Competitive Analysis
The Major Key Players in the Sugar Alternative Market are Cargill, Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Roquette Freres S.A. (France), Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.) and Ajinomoto Co., Inc. (Japan)
Global sugar alternative market is highly concentrated in North America. Asia Pacific has massive potential for sugar alternative, as there is an increasing awareness regarding healthy food habits along with new product developments by the key players in the sugar alternative market.
Regional Analysis
The Global Sugar Alternative Market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Among these, North America region is expected to retain its dominance throughout the forecast period. This is attributed by the rising health awareness among the consumers coupled with the new product development by the key players. Asia Pacific region is projected to register highest CAGR during the forecast period of 2017-2023. Among the Asia Pacific countries, China & India is estimated to account for half of the market proportion of Asia Pacific sugar alternative market. The number of patient is significantly increasing over the last couple of years which is anticipated to boost the sales of sugar alternative.
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