The Global Sugar Substitutes Market- Growth, Trends, COVID-19 impact and Forecast (2020-2025)
Global Sugar Substitutes Market is segmented on the type (High Fructose Syrup, High-Intensity Sweetener, Low-Intensity Sweetener), Composition, Application (Beverages, Food Products, and Health & Personal Care Products), and Region (APAC, North America, Europe, and ROW).
Introduction
A sugar substitute is a food additive that provides a sweet taste like that of sugar while containing significantly less food energy than sugar-based sweeteners, making it a zero-calorie (non-nutritive) or low-calorie sweetener
The global sugar substitutes market is gaining new grounds owing to the rise in obesity and diabetic levels across the world and the growth of the health-conscious population. The growing demand for naturally sweetened food items products, including functional water, confectionary items, and juices, particularly in the health-conscious consumer segment, which perceives natural substitutes as an alternative to sugar-laden foods, is crucial for the growth of the natural sugar substitutes market.
Moreover, the global market is witnessing a widespread acceptance of sustainability labels, which become crucial for plant-based sugar substitutes such as stevia extract. The food and beverage industries are catering to changing needs and customer preferences.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Increasing trend to move to a low - calorie diet
10.2 Growing demand for functional sweeteners
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Tate & Lyle
15.2 Cargill
15.3 Pure Circle
15.4 Roquette Freres
15.5 DuPont
15.6 Archer Daniels Midland Company
15.7 Ajinomoto
15.8 MacAndrews & Forbes
15.9 JK Sucralose
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global sugar substitutes market is expected to grow to $21.33 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with a 4.5% CAGR.
North America is a favorable market for sugar substitutes due to the increase in preference of consumers towards low calorie, low fat, and sugar-free products.
The market is dominated by the APAC region due to rising investments and growing consumer awareness in the countries like India, China.
Key Trends
Start-up companies are now investing in R&D activities to innovate sugar and calorie-free products. This is why consumers are now shifting towards these options in the global market.
Recent consumer trends involve a demand for low-calorie, reduced sugar, and all-natural & organic ingredient-based products, owing to the various health benefits offered and rising incidences of chronic diseases across the globe as a result of unhealthier dietary lifestyles.
Key Market Players
Some of the key players in the market are Tate & Lyle PLC, Cargill, Incorporated, Pure Circle LTD, Roquette Freres, DuPont, Archer Daniels Midland Company, Ajinomoto Co. Inc.
The global natural sugar substitute market is highly fragmented due to several local, regional, and multinational vendors worldwide. The number of international players is, however, limited, and the growing trend of natural ingredients in food products has given rise to numerous domestic and local vendors in the market.
Growth Drivers and Challenges
With the increasing trend to move to a low-calorie diet, it has become a major factor driving alternatives to the sugar market. Food companies are also looking for attractive income potential as a substitute for sugar.
Additionally, many of the functional sweeteners in food companies are on the rise as they promise consumers that these sugar substitutes will have a beneficial effect in preventing tooth decay.