Sugar substitutes are food additives that are used in place of sugar to sweeten and improve the flavor of edibles. As their ingesting does not increase blood sugar, these substitutes are widely used in the preparation of sugar-free foods and beverages like baked goods, canned foods, dairy products, powdered drink mixes, candies, soft drinks, puddings, and jellies. Some of the popular sugar substitutes available in the market include xylitol, stevia, maltitol, acesulfame, D-tagatose, sorbitol, and neotame.
Sugar substitutes are repeatedly replacing sugar in the food and beverage industry owing to the increasing consciousness of the negative health effects of sugar along with the growing cases of obesity around the world. Some sugar substitutes are safe for diabetic patients as they permit them to enjoy sweet foods without upsetting their insulin levels. The increasing prevalence of diabetes, particularly in the Middle Eastern countries, has further enlarged the consumption of sugar-free food items, thereby boosting the growth of the market.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the sugar substitutes market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The study analyses the global sugar substitutes market based on product, application, origin, and geography.
High-intensity sweeteners, low-intensity sweeteners, and high fructose syrup are the product type of the market. High-intensity sweeteners dominate the market, accounting for the highest of the global market revenue. Fluctuating health and wellness trends across the world are expected to boost the application of high-intensity sweeteners over the forecast period.
Moreover, low-intensity sweeteners are projected to exhibit the highest growth rate throughout the forecast period. Growing consumption of low-calorie food is enhancing the growth of the segment.
The market finds application in food products, bakery, health & personal care, and beverage. The beverage application held a lion’s share in the global sugar substitute market. The segment is expected to dominate the market over the forecast period owing to the increasing demand for sports drinks and natural health drinks with enhanced nutritional value.
By orgin, the market is classified into artificial and natural. The artificial sugar substitute is likely to hold the major market share as they are extensively used in the preparation of processed foods like jams, jellies, baked goods, canned food items, puddings, and candies.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. North America is leading the global sugar substitutes market. Owing to hectic lifestyles and high disposable incomes which have heightened the obesity rates in the region. Growing awareness of the benefits of sugar substitutes has additionally contributed to the growth of the market.
The key competitor of the market includes Sweetly Stevia USA, Real Stevia, Stevia Biotech Pvt. Ltd, Suminter India Organics, Stevia Hub India, Hearthside Food Solutions LLC, SAGANÀ Association, Fooditive B. V., XiliNat, Pyure Brands LLC, Ajinomoto Co. Inc., JK Sucralose Inc., MacAndrews & Forbes Holdings Inc., PureCircle Ltd, Roquette Frères, Cargill Incorporated, Ingredion Incorporated, Tate & Lyle, ADM, DuPont, among others.
The study analyses the global Sugar substitutes market based on type, product, application, origin, and geography. High-intensity sweeteners, low-intensity sweeteners, and high fructose syrup are the product type of the market. High-intensity sweeteners dominate the market, accounting for the highest of the global market revenue. The market finds application in food products, bakery, health & personal care, and beverage. The beverage application held a lion’s share in the global sugar substitute market. Artificial and natural are the origin of the sugar substitutes market. By orgin, the market is classified into artificial and natural. The artificial sugar substitutes is likely to hold the major market share. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.
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