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Sugar Substitutes Market Analysis, Strategy, Share, Growth Factors, Latest Trends And Forecast To 2030
Sugar Substitutes Market
The countries covered in the global sugar substitutes market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The regions covered in the global sugar substitutes market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The sugar substitutes market consists of sales of sugar substitute products by entities (organization, sole traders, and partnerships) that are chemical or plant-based substances used in food and drinks as additives to enhance sweet flavor. Sugar substitutes provide health benefits due to low calories and can be consumed in a variety of ranges including stevia, aspartame, maltitol, neotame, and others. Sugar substitutes are used in breakfast cereals, pudding, tea, and other sweet beverages.
The global sugar substitutes market is expected to grow from $17.57 billion in 2020 to $19.00 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth of the sugar substitutes market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The sugar substitutes market is expected to reach $23.96 billion in 2025 at a CAGR of 6%.
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Global sugar substitutes market segmentation in TBRC’s report is:
1) By Type: High Intensity, Low Intensity, High Fructose Syrup
2) By Origin: Natural, Artificial
3) By Form: Solid, Liquid
4) By Application: Food, Beverages, Nutrition And Health Supplements, Pharmaceuticals, Animal Feed, Personal Care
Major players in the sugar substitutes market are DuPont Nutrition & Biosciences, Archer Daniels Midland Company, Tate & Lyle, Cargill Inc., Ingredion Incorporated, Roquette Frères, PureCircle Ltd, Ajinomoto Co. Inc., JK Sucralose Inc., Stevia Corp., Sweetly Stevia, Kerry Group, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd, and Hunan Nutramax Inc.
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The Table of Contents includes:
1. Executive Summary
2. Sugar Substitutes Market Characteristics
3. Sugar Substitutes Market Trends And Strategies
4. Impact Of COVID-19 On Sugar Substitutes
5. Sugar Substitutes Market Size And Growth
.....
27. Sugar Substitutes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sugar Substitutes Market
29. Sugar Substitutes Market Future Outlook and Potential Analysis
30. Appendix
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