The global sugar substitutes market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The global sugar substitutes are observed to grow in recent years due to increase in health awareness among the people globally. Consumers are avoiding the use of sugar and adapting sugar free products. Beverages are high in demand among the consumers, thus companies are using substitutes of sugar in place of regular sugar. For instance, in April 2021 Manus Bio, Inc launched NutraSweet Natural, a plant-based sweetener with zero calories. NutraSweet Natural is made from stevia leaf. Further, rapidly rise incidences of obesity, diabetes, and metabolic syndrome have become major health issues owing to their association with imbalanced calorie intake, which will drive the growth of the market.
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The effects COVID-19 has created the awareness among the people to eat healthy food. Nowadays people prefer less sugary and immunity booster products. Many consumers avoided the use of sugar in their daily food consumption as during the pandemic period people were staying at home there was minimal physical activity was involved due to which many people gained weight and faced Obesity. To reduce the weight gain people avoided and reduced the sugar consumption and switched to sugar free products. For instance, in 2020, Tate & Lyle launched sweetener vantage expert systems with an education programme. Sweetener vantage is a sweetener solution design tools, designed to create sugar-reduced food and drink.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sugar substitutes market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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