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Sugar Substitutes Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032
Sugar Substitutes Market
Sugar Substitutes Market Size, Growth Rate, And Forecast
The global sugar substitutes market size grew from $20.52 billion in 2022 to $21.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The sugar substitutes market size is expected to grow to $29.08 billion in 2027 at a CAGR of 7.3%.
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Sugar Substitutes Market Drivers
The increasing prevalence of obesity and diabetes among the population is propelling the growth of the sugar substitutes market. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Sugar substitutes help controlling high blood pressure, body weight, and blood sugar levels in patients facing diabetes or obesity health issues.
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Sugar Substitutes Market Segments
• By Type: High Intensity, Low Intensity, High Fructose Syrup
• By Origin: Natural, Artificial
• By Form: Solid, Liquid
• By Application: Food, Beverages, Nutrition and Health Supplements, Pharmaceuticals, Animal Feed, Personal Care
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sugar substitutes market.
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Sugar Substitutes Market Key Players
Major competitors in the sugar substitutes market include 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.
The Business Research Company's "Global Sugar Substitutes Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sugar substitutes Market Include:
1. Executive Summary
2. Sugar Substitutes Market Characteristics
3. Sugar Substitutes Market Trends And Strategies
4. Sugar Substitutes Market - Macro Economic Scenario
5. Sugar Substitutes Market Size And Growth
……
26. Africa Sugar Substitutes Market
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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