Global Sugar Substitutes Market 2020 Future Growth with Top Players zuChem Inc., Ingredion Incorporated, BENEO, Cargill, Incorporated, DuPont, Foodchem International Corporation

Sugar substitutes market is expected to gain growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.3% in the forecast period of 2020 to 2027and expected to reach USD 34,463.16 million by 2027. Increasing demand of healthy products supporting the healthy diet is major driving factor for accelerating market growth. The major players covered in the report are zuChem Inc., Ingredion Incorporated, BENEO, Cargill, Incorporated, DuPont, Foodchem International Corporation, JK Sucralose Inc., HYET Sweet, Roquette Freres, Mitsui Sugar Co.,Ltd., ADM, Tate & Lyle, Pyure Brands LLC, PureCircle, Ajinomoto Health & Nutrition North America, Inc., Alsiano, StartingLine S.p.A., NutraSweet Co., MAFCO Worldwide LLC, Matsutani Chemical Industry Co., Ltd. and other domestic and global players. Sugar substitutes market share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Global Sugar Substitutes Market By Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others), Country (China, Japan, India, Australia, Singapore, South Korea, Malaysia, Indonesia, Thailand, Philippines, New Zealand, Vietnam and rest of Asia-Pacific, U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Denmark, Netherlands, Switzerland, Poland, Russia, Sweden, Belgium, Turkey and rest of Europe, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Oman, Kuwait and rest of Middle East & Africa), Market Trends and Forecast to 2027.

The sugar substitutes replace the sugar by providing the similar sweetens in the food and beverages products with added advantage of low calories. Excessive intake of calories in daily consumption are causing weight and diabetes related health issues, hence to control the calories consumption, sugar substitutes are consumed which offers low calories or no calories in the products. Increasing obesity and diabetic population is driving the market growth as government are supporting sugar substitutes to reduce the sugar consumption.

Growing number of sugar substitutes products as compared to the past few years will accelerate the market growth. Increased adoption of low calories diet foods and drinks is accelerating the consumption of sugar substitutes products which drives the market. For instance, in March, 2018, according to the foodinsight organisation survey report conducted to analyse American consumer food and beverages preferences, it is found that almost around 20 percent of consumers are avoiding sugar intake by replacing it with low calorie sweeteners. Such importance for the sugar substitutes sweeteners is supposed to accelerate the growth in forecasted period.

This sugar substitutes market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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Global Sugar Substitutes Market Scope and Market Size

Sugar substitutes market is segmented on the basis of type, form, category and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the market is segmented into high-intensity sweeteners, low-intensity sweeteners and high-fructose syrups. The low cost of high fructose syrups over the low intensity and high intensity sweeteners is main reason behind the growth of high-fructose syrups segment. The easy availability of corns due to increased production globally, specifically in Asian countries is driving the market growth. For instance, in July, 2017, according to the ChinaAg article China high-fructose corn syrup (HFCS) production is jumped by 7 percent, due to this oversupply of corn syrups by China Philippines had applied some import restrictions on corn syrup in March, 2018,.
On the basis of form, the market is segmented into powder, crystallized, and liquid. The sugar substitutes improves the performance of crystallized segment which is dominating the market as it offers economical solution for manufacturer due to its less expense on storage and transportation. The sweeteners like high fructose are available in crystallized or either in liquid form as high fructose dominates the market as well crystallized form has major demand as a sugar substitute. In addition, the increased production and adoption of corn based sweeteners due to less expensive solution is driving the segment growth.

On the basis of category, global sugar substitutes market is segmented into natural and synthetic. Natural segment is dominating the market as it offers added benefits over the synthetic sweeteners such as prevention from metabolic syndrome, controlling the high blood pressure and others. The stevia sourced sweeteners are 200 times sweeter than sugar and have no calories. In addition consumer attitude towards natural products rather than artificial products is driving the segment growth. For instance, in Mar, 2017, the ingredient communications conducted survey over the customers from different regions such as North America, Europe and Asia-Pacific. Among which 75 percent are stated that they will pay extra for food or drink product with known ingredient.
On the basis of application, the market is segmented into beverages, food products, oral care, pharmaceuticals and others. Beverages segment is dominating the market due to increased consumption of diet sodas, coke and juice globally. The sugar substitutes are majorly used in liquid products over food products due to high acceptability and consumption pattern. The food and beverages industry is rising globally which augments the growth of market. For instance, in May, 2018, according to the SPINS the food and beverages industry witnessed growth of 0.6 percent in year while natural food and beverages make up 13.1 percent among the overall sale of food and beverages.

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Sugar Substitutes Market Country Level Analysis

Sugar substitutes market is analysed and market size information is provided by type, form, category and application as referenced above.

Asia-Pacific dominates the sugar substitutes market as the China is leader in sugar substitutes manufacturing and major leaders are generating revenue from China due to high investment and demand for sugar substitute's solution in the China. In North America region U.S. is dominating the market as customers are more concerned towards food ingredients as well as ready to pay extra for healthy products. Europe region is also witnessing strong demand for sugar substitutes due to the countries like Germany, U.K. and others. The Germany is leading producer of high fructose syrup while U.K. government imposed new taxation on sugary products which drives the market growth in Europe. For instance, In September 2017, BaynEurope a sugar substitute manufacturer introduced new product specifically designed for the Europe market The company introduced new no-added sugar chocolate using sugar substitutes derived from the monk fruit. The Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of high population and rising trend of healthy lifestyle in developing countries.

High Demand of Sugar Substitutes in Developed Nation

Sugar substitutes market also provides you with detailed market analysis for every country growth in sugar substitutes industry with sugar substitutes sales, components sales, impact of technological development in sugar substitutes and changes in regulatory scenarios with their support for the sugar substitutes market. The data is available for historic period 2010 to 2018.

Competitive Landscape and Sugar substitutes Market Share Analysis

Sugar substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, new sweeteners, product approvals, patents, product taste improvements reports, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to global sugar substitutes market.

Many product developments, partnership are also initiated by the companies worldwide which are accelerating the global sugar substitutes market.

For instance,

In December, 2019, Ingredion Incorporated extended their partnership with the SweeGen for distribution. The company extended their distribution agreement to maintain as well as enhance their customers support and service through SweeGen for more than three years of time span. The partnership is helping company to increase customer base and maintain healthy relation with customer presence in Mexico, Canada, U.S., and Australia market.
In December, 2018, Matsutani Chemical Industry Co., Ltd. formed partnership with Ingredion Incorporated to provide Astraea Allulose product for the America market. Through this the company increased their presence for America market and strengthened their product offering for Allulose ingredients.

Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for sugar substitutes through new product development.

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