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. Companies are introducing substitutes for sugar such as stevia and its blends, coconut sugar, monk fruit, syrups, sugar alcohols, honey, and prebiotics fibers. International quality standards set for sugar substitutes and uncertainty regarding sugar substitutes’ adverse effects will hamper market growth. Additionally, product claim issue might act as a restraint to sales of products to some extent.

Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2021 – 2028. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.

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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.

Companies profiled in the global Sugar Substitutes market:

• 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.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Some Key Highlights From the Report

• Natural segment accounted for largest revenue share in 2020. Shift in consumer preferences from synthetic or artificial sugar substitutes towards natural and organic products is expected to drive growth of the segment. As per the sugar alliance organization, almost 20% of the U.S. citizens agreed that they prefer natural sugar substitute-based food or drink products.
• High intensity sweeteners are commonly used as sugar substitute as they are sweeter than sugar but contribute to few or no calories when mixed with food. These sugar substitutes are approved by FDA and are safe for consumption under certain conditions of use. Some of the commonly used high intensity sweeteners are sucralose, aspartame, and saccharine.
• Stevia segment accounted for largest revenue share in 2020 due to its zero calories and zero glycemic index characteristics. Stevia is about 100 to 300 times sweeter than table sugar but has no calories, carbohydrates, or artificial ingredient. Over the past five years, approximately 10,000 stevia-based beverages and food products have been introduced, out of which most of the launces included soft drink production.
• Beverage segment accounted for largest revenue share in 2020 due to increasing demand for natural and sports drinks, ready-to-drink teas, flavored water, soft drinks, and fruit juices with nutritional enrichment and low-calorie content. Increased innovation in new beverage products with low calorie content is also fueling segment revenue growth.
• Sugar substitute market in Asia-Pacific region is anticipated to be the fastest-growing region over the forecast period due to the growing disposable income and increasing health-conscious population. Changing lifestyle and increased awareness of health is further driving growth of the market in the region.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.emergenresearch.com/industry-report/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

Subject matter experts behind the study dive deep into the competitive landscape to assess the top performers across the world and unearth the strategies that have given them a competitive edge over others operating in the Sugar Substitutes industry. Other vital aspects including the market share, size and growth rate for the forecast period, 2021 – 2028 also forms an important of the study and valuable resource for business owners, stakeholders, and marketing personnel planning to zero in on their business strategy.

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Detailed Regional Analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Features of the Sugar Substitutes Market Report:

• The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
• The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
• Evaluation of key current and emerging market trends and growth prospects
• It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
• Brief overview of industry with regards to research and development, technological advancements, and product development
• In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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