Sugar Substitutes Market Global Industry Analysis, Size, Share, Future Growth, Trends and Forecast 2021-2027

Research Reports

Mar 04, 2021

Sugar substitutes are also known as artificial sweeteners used to sweeten foods and beverages instead of sugar. Sugar substitutes are used widely in the processed food industry for the production of soft drinks, baked goods, candy, puddings, canned foods, jams & jellies, powdered drink mixes and other beverages. These substitutes help in weight control and diabetes. Artificial sweeteners are not carbohydrates. So unlike sugar, sugar substitutes do not raise blood sugar levels. Improving food appearance, color, taste and texture are some of the other benefits of sugar substitutes. As sugar substitute is used as an alternative to natural sugar, it can minimize the negative effects associated with the intake of sugar.

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Key Players:

1. Ajinomoto Co. Inc.
2. Archer Daniels Midland Company
3. Cargill Incorporated
4. E. I. DuPont De Nemours
5. HYET Sweet S.A.S.
6. Ingredion Incorporated
7. JK Sucralose Inc
8. PureCircle
9. Roquette Frères
10. Tate and Lyle PLC

The market for sugar substitutes is growing steadily owing to Increasing awareness about the repercussions of high sugar consumption and improving the living standards of the middle-class population. In addition, the high spending power of consumers coupled with the rising prevalence of diabetic diseases globally is anticipated to propel the demand for sugar substitutes over the forecast period. Likewise, fluctuation in the prices of sugar is expected to provide a lucrative growth opportunity for the market players in the coming years. However, higher prices and lack of awareness in developing and underdeveloped countries are the key factors hampering the growth of the sugar substitute market.

Market Segmentation:

The global sugar substitutes market is segmented on the basis of type, nature and end-user industry. Based on type the global sugar substitutes market is divided into, high intensity sweeteners, low intensity sweeteners and high fructose corn syrup. Based on nature, the global sugar substitute market is categorized into, organic and conventional. On the basis of end-user industry, the global sugar substitutes market is segmented into, food & beverage, cosmetics & personal care and pharmaceuticals. The food & beverage segment is further bifurcated into, bakery, confectionery, dairy, ready-to-eat snacks, soft drinks and others.

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2021–2027? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Sugar Substitutes market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Sugar Substitutes market?
What are the prominent market trends influencing the development of the Sugar Substitutes market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Sugar Substitutes market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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