According to Stratistics MRC, the Global Sugar Substitutes Market is accounted for $16.50 billion in 2020 and is expected to reach $27.31 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Factors such as growing health consciousness among consumers, increasing number of diabetic patients, and fluctuating prices of sugar are driving the growth of the market. However, uncertainty regarding the health benefits of sugar substitutes is hampering the growth of the market.
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Based on the application, the beverages segment is anticipated to expand at a rapid pace during the forecast period due to the expansion of the consumer base for various beverage products. By geography, Asia Pacific is going to have high growth during the forecast period owing to the rapid urbanization and liberal trade policies in the food sector of the region.
Some of the key players profiled in the Sugar Substitutes Market include Ingredion Incorporated, Tate & Lyle Plc, Archer Daniels Midland Company , E. I. Dupont De Nemours and Company, Cargill, Incorporated, Hermes Sweeteners Ltd, Macandrews & Forbes Holdings Inc (Merisant) , The Nutra Sweet Company, Purecircle Ltd , Jk Sucralose Inc, Roquette Frères, Ajinomoto Co. Inc, Merisant Company, Hearthside Food Solutions LLC , and Stevia Biotech Pvt Ltd .
Forms Covered:
• Liquid
• Solid/Crystallized
• Powder
Types Covered:
• High-Fructose Syrups
• High-Intensity Sweeteners
• Low-Intensity Sweeteners
Categories Covered:
• Natural
• Artificial/Synthetic
Applications Covered:
• Hospitality
• Healthcare & Pharmaceuticals
• Cosmetics & Personal Care
• Oral Care
• Animal Feed
• Beverages
• Food Products
Distribution Channels Covered:
• Store-Based
• Non-Store-Based
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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