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Sugar Substitutes Market by Type, Composition, Application, Source, Form and Regional Competitive Landscape

07-28-2023 11:32 AM CET | Fashion, Lifestyle, Trends

Press release from: ReportsnReports

Sugar Substitutes Market

Sugar Substitutes Market

Increased demand application of sugar substitutes in food and beverage industries is expected to drive market growth.

The sugar substitutes market is projected to grow from USD 18.8 billion in 2023 to USD 24.3 billion by 2028 growing at a CAGR of 5.2% during the forecast period. Food and beverage manufacturers are increasingly employing sugar substitutes namely artificial sweeteners to replace corn syrup or sugar in a variety of food products that contain sugar. Artificial sugar substitutes are less expensive than natural sweetening agents and aid in delivering increased profit margins. Sugar substitutes are generally used in processed foods such as soft drinks, baked goods, candy, powdered drink mixes, puddings, jams and jellies, canned foods, dairy products, and other food & beverages. Sugar substitutes are also majorly used for household applications. Some sugar substitutes even find applications in baking or cooking. Moreover, the rising trend of health consciousness and fitness is propelling the growth of the market.

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High fructose syrup is the second largest segment among types of sugar substitutes in 2022.

The high-fructose syrup is used for sweetening several foods and beverages. It is preferred by food manufacturers as it blends well with all foods, increases shelf life, is less expensive as compared to the other sweeteners, and is almost as sweet as table sugar. The most common form of high-fructose syrup contains either 42% or 55% of fructose, as described in the Code of Federal Regulations (21 CFR 184.1866) of the FDA, and these are referred to as HFCS 42 and HFCS 55 in the industry. The rest of the High-fructose syrup is glucose and water. HFCS 42 is primarily used in cereals, processed foods, baked goods, and some beverages, whereas HFCS 55 is used mainly in soft drinks.

"The application of sugar substitutes in the beverages is accounting for the largest share in the application segment."

A majority of beverage products contain sugar or are sugar-based. In addition, beverages are the most commonly consumed products across the globe. Beverages, such as juices, canned drinks, coffee, aerated drinks, and others, are majorly produced using added sugars for offering an improved taste and mouthfeel. Sugar substitutes are essential for providing and expanding beverage choices to control carbohydrate, caloric, or specific sugar intake. In addition, sugar substitutes are currently preferred in beverages, such as diet-carbonated drinks, flavored water, and other beverages. Stevia is a prominent sugar substitute employed in beverages. Stevia finds application in numerous food and beverage products, such as soft drinks, fruit juices, flavored waters, and alcoholic beverages.

As the world grapples with rising concerns over obesity, diabetes, and other diet-related health issues, the demand for healthier alternatives to sugar has intensified. Sugar substitutes have been around for decades, but recent advancements in science and technology are paving the way for a sweet revolution that promises to transform the way we consume and enjoy sweetness.

Traditional sugar substitutes like aspartame and saccharin have faced criticism for their potential health risks and aftertaste. However, the future of sugar substitutes looks promising with the emergence of natural alternatives such as stevia, monk fruit, and erythritol. These natural sweeteners offer a more palatable option with fewer calories and lower glycemic indices, making them suitable for people with diabetes or those watching their weight.

Moreover, ongoing research in the field of synthetic biology and genetic engineering has opened doors to the production of rare sugars that are not metabolized by the human body. These rare sugars can provide sweetness without any caloric content, potentially revolutionizing the food and beverage industry. Imagine indulging in your favorite desserts without worrying about the impact on your waistline or overall health.

Additionally, there are efforts to enhance the taste and functionality of sugar substitutes by combining them with other natural flavor enhancers and additives. This may lead to sugar alternatives that not only taste like sugar but also mimic its texture and behavior in cooking and baking, ensuring a seamless transition for consumers.

The future of sugar substitutes is not limited to just replacing table sugar. Emerging research suggests that certain sugar substitutes might have prebiotic properties, promoting the growth of beneficial gut bacteria, and potentially offering additional health benefits beyond mere sweetness.

While the future of sugar substitutes holds much promise, it is essential to approach these developments with caution. Thorough testing and evaluation of any new sweeteners are crucial to ensure their safety and efficacy. Furthermore, educating the public about the proper use of sugar substitutes and their potential effects on health will be essential in making informed dietary choices.

In conclusion, the future of sugar substitutes looks bright and flavorful. With advancements in natural alternatives, rare sugars, and taste enhancement technologies, a sweet revolution is on the horizon. As consumers seek healthier options, these sugar substitutes may play a significant role in shaping the way we enjoy sweetness in our lives, contributing to a happier and healthier global population.

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