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Sugar Reduction Market is Expected to Reach Huge Growth by 2031 - ADM, Cargill Inc., Danisco A/S, Tate & Lyle, Ingredion

09-06-2024 01:01 PM CET | Food & Beverage

Press release from: DataM Intelligence 4 Market Research LLP

Sugar Reduction Market || 2024-2031

Sugar Reduction Market || 2024-2031

The Global Sugar Reduction Market was valued at USD 11,198.23 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period 2024-2031.
The rise in health issues has shifted consumer focus towards low-calorie and low-sugar products, driving the demand in the Sugar Reduction Technology Market. Additionally, increasing awareness of the importance of good health is leading to changes in eating habits and increased physical activity. This is further supported by numerous health awareness programs run by reputable health organizations, fueling the growth of the Sugar Reduction Technology Market.

These factors have significantly influenced consumer choices and perceptions of a product's nutritional value. Today, consumers are reading product labels and opting for foods that are low in fat and sugar. A consumer survey targeting individuals aiming to lose weight revealed their preferred methods, further driving market growth. This shift towards health-conscious choices is propelling the expansion of the sugar reduction market.

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Sugar Reduction Market Dynamics:

The rising population of diabetics and individuals with obesity has significantly increased consumer awareness about the need to reduce sugar intake.

The prevalence of lifestyle disorders like diabetes, obesity, and hypertension has been steadily increasing due to hectic schedules and changing lifestyles. For example, in 2021, the World Health Organization (WHO) reported that over 1.9 billion adults worldwide were overweight, with more than 648 million classified as obese. This has heightened consumer awareness regarding added sugars in food and beverages, driving global demand for sugar reduction technology Market. Consumers are increasingly opting for clean label or free-from products, fueling the market for sugar reduction, no added sugar, and sugar-free products. This trend has spurred significant interest in sugar reduction technologies worldwide, with consumers willing to pay premium prices for reduced sugar options.

Nevertheless, stringent regulations governing the production, use, consumption, and labeling of sugar substitutes pose challenges to market growth. These regulations restrict the expansion of the sweeteners industry globally, potentially hindering market growth.

Segment Covered in the Sugar Reduction Market:

By Product Type: Artificial Sweeteners, Naturally Derived Sweeteners

By Application: Food & Beverages, Personal Care, Others

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Major Key players involved in Sugar Reduction Market:

· ADM
· Cargill Inc.
· Danisco A/S
· Tate & Lyle
· Ingredion
· Ajinomoto Co
· Roquette Freres SA
· Amalgamated Sugar
· Celanese Corporation
· JK Sucralose Inc

Regional Analysis:

North America dominates during the forecast period.
In 2021, North America captured the largest revenue share of YY percent in the Sugar Reduction Technology Market. The region benefits from a well-developed food and beverage industry, with a variety of popular ready-to-eat products in the U.S., Canada, and Mexico.

However, these products have been linked to various health conditions. For example, in 2022, the CDC reported that young adults were half as likely to have obesity compared to middle-aged adults, with varying prevalence rates across age groups. Additionally, in 2021, the CDC highlighted that 37.3 million people in the U.S. had diabetes, with a significant portion undiagnosed. This growing prevalence of health conditions and increasing consumer awareness of the benefits of reduced sugar are key drivers of market growth in the region.

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