The global sugar substitutes market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2021-2027). Sugar substitutes are mainly used in food products, however it is also used in cosmetics and personal care industry. Many companies are using sweeteners in their products for natural flavors and fragrances. Several companies are using sorbitol a sugar alcohol in cosmetic products as a sweetener. Sorbitol is a sugar alcohol made up of corn syrup. Sorbitol is also used in toothpaste and soaps. Sugar substitutes help in preventing moisture in consumer’s skin and hair. As a result of which, various personal care market players and manufactures are inclined towards offering sugar substitutes based cosmetic product, which will further propel the growth of the market
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For instance, in November 2020, Roquette, a French plant-based ingredients company and pharmaceutical excipients provider, launched its pea starch technology, Lycagel, for vegetarian softgel capsule formulations. The new capsule formulation is made up of carrageenan, a setting agent found in marine macro algae, NEOSORB sorbitol, a plant-based ingredient used for nutraceutical applications, and salt. The launch of Lycagel marks a new era for softgel formulations and manufacturing. Manufacturers no longer need to compromise on performance when launching a vegetable softgel solution.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– including Ajinomoto Co., Inc., Archer Daniels Midland Company, BENEO GmbH, Fooditive Group, Ingredion Incorporated, and others
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Global Sugar Substitutes Market Report Segment
By Type
• Aspartame
• Acesulfame Potassium
• Sucralose
• Stevia
• Others (Saccharine and Sugar Alcohols)
By Application
• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics
Global Sugar Substitutes Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· Ajinomoto Co., Inc.
· Archer Daniels Midland Co.
· BENEO GmbH
· Fooditive Group
· Ingredion Inc.
· JK Sucralose Inc.
· Kyung-In Synthetic Corp.
· Manus Bio Inc.
· PureCircle
· Roquette Frères
· Tate & Lyle plc
· Viachem
· Zydus Wellness LTD.
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