Global Sugar Substitutes Market was valued at US$ XX Million in 2020 and is anticipated to reach US$ XX Million by 2027 displaying an elevated CAGR of XX% over the forecast period (2021-2027).
A rise in the number of obese people coupled with the surging obesity in children is one of the prominent factors resulting in the demand for a sugar Substitutes. As per World Obesity Federation, The number of children and adolescents (aged 5-19 years) who are obese is predicted to rise to 254 million by 2030. The World Health Organization's (WHO) sugar guideline, issued in March 2015, recommends that adults and children restrict their sugar intake to less than 10% of total energy intake per day, which is the equivalent of around 12.5 teaspoons of sugar for adults and suggests a further reduction to below 5% of total energy intake per day.
Moreover, Deteriorating health coupled with the rising cost of medical treatment is one of the major reasons of concern across the globe is leading to the growing concern, which is demanding numerous products and health drinks due to their medicinal benefits augmenting the growth of the sugar Substitutes market globally. Chronic diseases are caused because of various physiological, environmental, and behavioral factors such as unhealthy diet, added sugar foods are one of the leading causes of death across the world. For instance, according to WHO, 41 million people die every year because of non-communicable diseases accounting for 71% of all deaths all over the world. Owing to these factors, there is a surge in no. of people inclining towards the adoption of a healthy lifestyle which further boosts the growth of the sugar Substitutes market globally
Also, The Prevalence of Obesity and Overweight is rising dramatically across the globe and has nearly tripled since 1975. Obesity is among one of the leading causes of death worldwide as obese people are prone to many serious health conditions and illnesses. For instance, as per CDC, More than 900,000 adult COVID-19 hospitalizations occurred in the United States between the beginning of the pandemic and November 18, 2020. Models estimate that 271,800 (30.2%) of these hospitalizations were attributed to obesity.
DuPont, ADM, Tate & Lyle, Ingredion Incorporated, Cargill Incorporated, Roquette Fr?res, Purecircle Ltd, Macandrews & Forbes Holdings Inc, K Sucralose Inc., and Ajinomoto Co. Inc., etc., are some of the prominent players operating in the Sugar Substitutes market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst Type, Malt Extract segment holds the major share"
Based on the Source Type, the market is fragmented into High Fructose Syrup, High-Intensity Sweetener, and Low-Intensity Sweetener. The high-intensity sweetener has been had approved safe by FDA for the general population under certain conditions of use. Six high-intensity sweeteners as food additives that are approved by FDA are saccharin, aspartame, acesulfame potassium (Ace-K), sucralose, neotame, and advantages.
"Amongst Origin, Natural segment to dominate the market during the forecast period"
Based on origin type, the market is mainly fragmented into Natural, Artificial/ Synthetic. The Artificial/ Synthetic segment grabbed XX% market share and captured US$ XX Mn in 2020. Moreover, the market of this segment is expected to proliferate with a CAGR of XX% in the forthcoming coming period of 2021-27. However, the natural segment is expected to witness exhibit growth in coming years owing to the surging awareness about the benefits of natural sweeteners.
"Amongst Form, Crystalized Form segment grabbed Major Market share in 2020"
Based on Crystalized Form, the market is mainly fragmented into Crystalized, Liquid, and Power. In 2020, the crystalized form grabbed the major market share and dominated the market. The segment gathered an XX% revenue share in 2020.
Amongst Application, Beverage segment grabbed Major Market share in 2020"
Based on Application, the market is mainly fragmented into beverage, food products, health, and personal care products, Others. In 2020, the beverage segment grabbed the major market share and dominated the market. The segment gathered an XX% revenue share in 2020. Sugar Substitutess are being preferred in beverages, such as diet carbonated drinks, flavored water, and other beverages. One of the key sugar Substitutess "Stevia" is used in beverages. It is a preferred sugar Substitutes with reduced-calorie and zero glycemic indexes, which is used to produce numerous versions of energy drinks, soft drinks, ready-to-drink teas, flavored water, and fruit juices.
"North America represents one of the largest markets of Sugar Substitutes market"
For a better understanding of the market dynamics of the Sugar Substitutes market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated revenue of US$ XX Million in 2020 owing to the change in lifestyle and prevalence of lifestyle diseases such as cardiovascular disease, obesity, and Diabetes. Moreover, the inclination toward living a healthy life and the rise in demand for low-calorie food products are the other critical factors driving the growth of the sugar Substitutess market in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
The Sugar Substitutes Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Added sugar is one of the most controversial ingredients in the modern diet. It has been associated with many serious diseases, including obesity, heart disease, diabetes, and cancer. Part of the problem is that most people consume way too much sugar without knowing it. Fortunately, there are many ways to sweeten foods without adding sugar. Sugar substitutes are chemical or plant-based substances used to sweeten or enhance the flavor of foods and drinks. You may have heard them called "artificial sweeteners" or "non-caloric sweeteners."?
Also, As per FAO, real sugar prices are expected to remain at the levels of 2019 (Figure 5.2), i.e., lower than the average of the last 20 years, where prices experienced upward pressure through the competition from biofuels (ethanol). By 2029, the nominal world price is projected to be USD 386/t (USD 17.5cts/lb) for raw sugar and USD 469/t (USD 21.3cts/lb) for white sugar. The white sugar premium is projected to grow slightly to USD 83/t by the end of the outlook period, as a result of a slightly increasing demand.
Global production is forecast up 6 million tons to 186 million as higher production in the EU, India, and Thailand will more than offset the decline in Brazil. Consumption is forecast to rise to a new record due to growth in markets such as China and India. Exports are forecast up as the increase from Thailand along with strong exports from India will more than offset lower exports from Brazil.
The World Health Organization's (WHO) sugar guideline, issued in March 2015, recommends that adults and children restrict their sugar intake to less than 10% of total energy intake per day, which is the equivalent of around 12.5 teaspoons of sugar for adults, and suggests a further reduction to below 5% of total energy intake per day.
Based on the Type, the market is fragmented into High Fructose Syrup, High-Intensity Sweetener and Low-Intensity Sweetener. The High Fructose Syrup segment of the Global Sugar Substitutes market grabbed the major market share and dominated the market. The segment captured around XX% market share and generated USD XX Mn in 2020 and is expected to grow at a CAGR of XX% during the forthcoming years. However, the High-intensity sweetener segment would grow remarkably in the forecast period.
Based on the Origin, the market is fragmented in to Natural and Artificial/ Synthetic. The Artificial/ Synthetic segment grabbed major market share and captured XX% market revenue in 2020. However, the Natural segment would emerge in the forecast period and would witness the highest CAGR during the forthcoming period owing to the surge in awareness about the disadvantage of artificial sweetener.
Sugar Substitutes are being sold in different forms such as Crystalized, Liquid and Powder. The Crystalized segment generated revenue worth USD XX million in 2020 and is expected to reach USD XX million by 2027. However, the liquid segment is expected to witness an exhibit growth during the forecast period
For a better understanding of the market adoption of the Sugar Substitutes market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. Asia-Pacific constitutes a major market for the Sugar Substitutes industry and generated revenue of USD XX Million in 2020 owing to the rising demand for replacing sugar with healthy options. Also, a rise in disposable income and changed lifestyle is contributing to the growing demand of Sugar Substitutes.
Some of the major players operating in the market are DuPont, ADM, Tate & Lyle, ?Ingredion Incorporated, ?Cargill Incorporated, Roquette Fr?res, Purecircle Ltd, Macandrews & Forbes Holdings Inc, K Sucralose Inc. and Ajinomoto Co. Inc. Several M&As along with partnerships have been undertaken by these players to develop Sugar Substitutes solutions.
Table of Contents
1.
DuPont
ADM
Tate & Lyle
Ingredion Incorporated
Cargill Incorporated
Roquette Fr