Market Size

The global sugar substitutes market size was valued at USD 16.6 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The Sugar Substitutes market analysis shows that it will grow with a CAGR of 8.9% over the forecast period of 2021 to 2027.

Market Driver

The food and beverage industry's growing demand for sugar substitute products is expected to help the market gain significant traction in the coming years. Asia Pacific is estimated to be a highly promising market for sugar substitute manufacturers due to rising middle-class living standards and consumer spending power. Additionally, growing concerns among the health conscious population are expected to be a major driver of market growth. Globally, rising awareness of the dangers of excessive sugar consumption and the rising prevalence of diabetes are expected to support the market's growth. Over the forecast period, fluctuating sugar prices are expected to create opportunities for sugar substitute manufacturers worldwide.

COVID-19 Impact

The global sugar substitutes market has been significantly impacted by the uncertain pandemic conditions that have occurred throughout the world. COVID-19 has an effect on the supply chain of finished products as well as raw material ingredients. North America, followed by Europe and Asia Pacific, is a critical region for the sugar substitutes market, owing to the concentration of several key players based in these regions. As a result, the supply side of the market is expected to face challenges, as sugar substitutes produced by a large number of key players in these regions are sold to end users worldwide. Regional consumption, on the other hand, is expected to grow in the respective market, as consumers increasingly focus on maintaining a healthy weight and adhering to various diets. This is expected to increase demand for sugar substitutes.

Regional Outlook

During the forecast period, the Asia Pacific market for sugar substitutes is expected to grow at the fastest rate. The sugar substitutes market in the Asia Pacific region is expanding as customers' lifestyles change and their health consciousness increases. This region's market is undergoing dramatic changes due to rapid urbanization, diet diversification, and liberal trade policies in the food sector. Additionally, an increase in consumer awareness of health issues, an increase in consumer preference for health-beneficial food products, and an increase in consumer income and purchasing power are all significant factors driving growth opportunities for sugar substitute manufacturers in the region. India and China are the region's developing countries, owing to the country's rapid development, growth in household incomes, and shift in consumer lifestyles. In China and India, consumers have noticed a shift in their eating habits.

Competition Landscape

The market's leading players are focusing their efforts on product development, making significant R&D investments and utilizing advanced technologies to manufacture high-quality, cost-effective products. Additionally, the companies are attempting to raise consumer awareness about the potential dangers associated with unregulated sugar substitute consumption, while adhering strictly to international quality standards.

Research Methodology

Sugar Substitutes market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Sugar Substitutes Market Size and Outlook by Type

• High-fructose syrup
• High-intensity sweeteners
• Low-intensity sweeteners

Sugar Substitutes Market Size and Outlook by Composition

• High-intensity sweeteners (HIS)
  • Stevia
  • Aspertame
  • Cyclamate
  • Sucralose
  • Saccharin
  • ACE-K
  • Other HIS (Alitame, glycyrrhizin, and neotame)
• Low-intensity sweeteners
  • D-tagtose
  • Sorbitol
  • Maltitol
  • Xylitol
  • Mannitol
  • Erythritol
  • Other LIS (lactitol, isomalt, hydrogenated starch hydrolysates, and trehalose)

Sugar Substitutes Market Size and Outlook by Application

• Food products
  • Bakery
  • Confectionery
  • Dairy products
  • Others
• Beverages
• Health & personal care

Sugar Substitutes Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• ADM (US)
• Ajinomoto Co. Inc. (Japan)
• Cargill Incorporated (US)
• DuPont (US)
• Ingredion Incorporated (US)
• JK Sucralose Inc. (China)
• MacAndrews & Forbes Holdings Inc. (US)
• PureCircle Ltd (US)
• Roquette Frères (France)
• Tate & Lyle (UK)

Actionable Outcomes

Our study offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will function in the forthcoming years. With the current uncertainness due to the COVID -19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Sugar Substitutes market size
• Sugar Substitutes market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Sugar Substitutes market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Sugar Substitutes market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Sugar Substitutes market share
• Measures to consider for Sugar Substitutes market