The global sugar substitutes market size is expected to reach USD 23.93 Billion at a steady revenue CAGR of 4.7% in 2028, according to latest analysis by Emergen Research. Rising awareness among consumers regarding the adverse effects of sugar on health such as increased risk of diabetes and obesity is driving market revenue growth.
Rapid urbanization coupled with increasing spending power of consumers on processed food and beverages in developing countries is expected to propel growth of the market. Surge in investments in research and development to introduce novel products containing blends of sugar substitutes and prebiotics and probiotics are expected to present lucrative growth opportunities for emerging players in the industry.
Due to global obesity epidemic, all form of sweeteners is under scrutiny from health professionals, consumer advocacy groups, and lawmakers. This is prompting companies to rethink selection of ingredients and marketing messages. While consumers are monitoring their sugar intake, they are unwilling to sacrifice taste for calorie reduction, particularly in bakery, beverage, and confectionery items.
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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Sugar Substitutes Market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Key players involved in the market such as Cargill, Incorporated, Tate Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company.
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The global Sugar Substitutes market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Sugar Substitutes market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Sugar Substitutes market.
Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:
Origin Outlook (Revenue, USD Billion; 2018-2028)
Artificial/Synthetic
Natural
Type Outlook (Revenue, USD Billion; 2018-2028)
High-fructose syrups
Low-intensity sweeteners
High-intensity sweeteners
Composition Outlook (Revenue, USD Billion; 2018-2028)
Sugar Alcohols
Stevia
Saccharine
Sucralose
Cyclamate
Aspartame
Others
Application Outlook (Revenue, USD Billion; 2018-2028)
Beverage
Food
Pharmaceuticals
Personal Care
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Regional Outlook of Sugar Substitutes Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Benefits of Buying the Global Sugar Substitutes Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Sugar Substitutes Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Sugar Substitutes Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Sugar Substitutes Market
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