Global Sugar Substitutes Market Size, Forecasts, And Opportunities
Learn about the global sugar substitutes market through The Business Research Company, which provides information on sugar substitutes market size, sugar substitutes market drivers and restraints, sugar substitutes market players, the COVID-19 impact on the sugar substitutes market, and more.
The global sugar substitutes market is expected to grow from $17.57 billion in 2020 to $19.00 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth of the sugar substitutes market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The sugar substitutes market is expected to reach $23.96 billion in 2025 at a CAGR of 6%.
The increasing prevalence of obesity and diabetes among the population is expected to drive innovation in sugar substitutes manufacturing, thus driving the market during the forecast period.
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The sugar substitutes market consists of sales of sugar substitute products by entities (organization, sole traders, and partnerships) that are chemical or plant-based substances used in food and drinks as additives to enhance sweet flavor. Sugar substitutes provide health benefits due to low calories and can be consumed in a variety of ranges including stevia, aspartame, maltitol, neotame, and others. Sugar substitutes are used in breakfast cereals, pudding, tea, and other sweet beverages.
Global sugar substitutes market segments include:
By Type: High Intensity, Low Intensity, High Fructose Syrup
By Origin: Natural, Artificial
By Form: Solid, Liquid
By Application: Food, Beverages, Nutrition And Health Supplements, Pharmaceuticals, Animal Feed, Personal Care
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the sugar substitutes market in 2020.
The development of the fermentation process is a key trend gaining popularity in the sugar substitutes market. The fermentation process is increasingly being used to develop sugar substitute products from the stevia plant. Fermentation is being used by scientists as a unique method for making Rebaudioside M (Reb-M) to sustain the purity and sweetness of sugarcane in natural sugar substitute similar to regular sugar.
TBRC’s sugar substitutes market report covers:
Major Market Players: DuPont Nutrition & Biosciences, Archer Daniels Midland Company, Tate & Lyle, Cargill Inc., Ingredion Incorporated, Roquette Frères, PureCircle Ltd, Ajinomoto Co. Inc., JK Sucralose Inc., Stevia Corp., Sweetly Stevia, Kerry Group, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd, and Hunan Nutramax Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Sugar Substitutes Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides sugar substitutes market overviews, analyzes and forecasts market size, share, sugar substitutes market players, sugar substitutes market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sugar substitutes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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