Press release
Sugar Substitutes Market Size Forecasted To Achieve $35.01 Billion By 2029 With Steady Growth
Sugar Substitutes
What Is the Projected Growth of the Sugar Substitutes Market?
There has been significant growth in the sugar substitutes market in the past few years. The market, which is projected to expand from $23.38 billion in 2024 to $25 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 6.9%. This growth during the historical period can be linked to factors such as trends in health and wellness, the rising concern about obesity, the increase in the diabetic population, government initiatives, and shifts in consumer preferences.
The market for sugar substitutes is projected to witness robust expansion in the following years, with expected growth to $35.01 billion by 2029, maintaining a compound annual growth rate (CAGR) of 8.8%. Factors expected to fuel this growth during the forecast period include a sustained trend of health consciousness, an increase in diabetes instances, preferences for clean labels, innovative product formulation, and shifts in global dietary habits. Key trends that are set to characterize the forecast period encompass the expansion of Stevia-based sugar substitutes, the use of monk fruit extract as a natural sweetener, the creation of sugar substitute syrups and liquid forms, an emphasis on clean taste and enhanced flavor, and collaborations focused on research and development in the domain of sugar substitution solutions.
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What Are the Different Sugar Substitutes Market Segments?
The sugar substitutes market covered in this report is segmented -
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
Subsegments:
1) By High Intensity: Aspartame, Sucralose, Stevia, Acesulfame Potassium
2) By Low Intensity: Sucrose, Fructose, Maltitol, Xylitol
3) By High Fructose Syrup: High Fructose Corn Syrup (HFCS), Other Fructose-based Syrups
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What Are the Primary Drivers Shaping the Sugar Substitutes Market?
The sugar substitutes market is witnessing an upswing due to the escalating cases of obesity and diabetes in society. A significant number of people battling these health issues are opting for low-sugar alternatives to manage these conditions. These sugar substitutes aid in controlling body weight, high blood pressure, and blood glucose levels in patients dealing with obesity or diabetes. For instance, data from the Office for Health Improvement and Disparities, an entity of the UK Department of Health and Social Care, in April 2024 details that in the year ending November 2022, there was an increase of 0.5% in adult individuals aged 18 and above categorized as overweight or obese, taking the total to 63.8%. Accordingly, the mounting cases of obesity and diabetes are anticipated to boost the sugar substitutes market growth in the forthcoming years.
Which Companies Are Leading in the Sugar Substitutes Market?
Major companies operating in the sugar substitutes market include Cargill Incorporated, Archer Daniels Midland Company (ADM), E. I. du Pont de Nemours and Company, International Flavors & Fragrances Inc., Ajinomoto Co Inc., Kerry Group plc, Ingredion Incorporated, DuPont Nutrition & Biosciences Inc., Roquette Frères S.A., Tate & Lyle plc, JK Sucralose Inc., Whole Earth Brands Inc., PureCircle Limited, Biosweet Ventures, Merisant Company, The NutraSweet Company, Manus Bio Inc., Pyure Brands LLC, Hermes Sweeteners Ltd., GLG Life Tech Corporation, Wisdom Natural Brands Corp, Hunan Nutramax Inc., Sweetly Stevia USA, Morita Kagaku Kogyo Co Ltd., Stevia Corp, Shandong Aojing Biotechnology Co Ltd., Sunrise Nutrachem Group Co Ltd., Xianghua GL Stevia Co, Matsutani Chemical Industry Co Ltd., Hill Pharmaceutical Co Ltd., BioVittoria Limited, Nutrinova Nutrition Specialties & Food Ingredients GmbH, SinoSweet Co Ltd., Suzhou Hope Technology Co Ltd.
What Are the Major Trends Shaping the Sugar Substitutes Market?
Leading corporations in the sugar substitutes industry are concentrating on the invention of sweeteners like zero-calorie sweeteners, with an aim to offer healthier alternatives and achieve a competitive advantage. Zero-calorie sweeteners serve as sugar replacements that offer a sweet taste to foods and drinks, devoid of adding any calories to one's diet. For example, Tate & Lyle PLC, a UK established supplier of food and drink products, introduced ERYTESSE Erythritol in November 2022. This zero-calorie sweetener delivers 70% of sucrose's sweetness. This newly added product addresses the increasing consumer appeal for healthier, less sugar, and fewer calorie products. ERYTESSE Erythritol can be deployed in numerous sectors like beverages, dairy, baked goods, and candies, delivering a sugar-like flavor experience.
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What Are the Top Revenue-Generating Geographies in the Sugar Substitutes Market?
North America was the largest region in the sugar substitutes market share in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sugar substitutes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sugar Substitutes Market?
2. What is the CAGR expected in the Sugar Substitutes Market?
3. What Are the Key Innovations Transforming the Sugar Substitutes Industry?
4. Which Region Is Leading the Sugar Substitutes Market?
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