Exploring Sugar Substitutes Market : Size, Growth, Trends, and Forecast

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Increasing preference among consumers towards low-calorie beverages and food products is driving revene growth of the market

The report assesses the historical data and current scenario to offer accurate estimations of the  Sugar Substitutes Market      in the coming years. Furthermore, the report provides a comprehensive analysis of the impact of the COVID-19 crisis on the market. It offers detailed insights into the impact of COVID-19 on the industry at a regional level and industry level. The report also covers the developments and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides an insight into the post-COVID-19 situation.

The global sugar substitutes market size is expected to reach USD 23.93 Billion at a steady revenue CAGR of 4.7% in 2028, according to latest analysis by Emergen Research. Rising awareness among consumers regarding the adverse effects of sugar on health such as increased risk of diabetes and obesity is driving market revenue growth.Rapid urbanization coupled with increasing spending power of consumers on processed food and beverages in developing countries is expected to propel growth of the market. Surge in investments in research and development to introduce novel products containing blends of sugar substitutes and prebiotics and probiotics are expected to present lucrative growth opportunities for emerging players in the industry.

 

Covid impact analysis:

 

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/sugar-substitute-market

Competitive Outlook:

 

The global Sugar Substitutes Market    is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Sugar Substitutes Market    report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include: Cargill, Incorporated, Tate Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company.

Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:

Origin Outlook (Revenue, USD Billion; 2018-2028)

  • Artificial/Synthetic
  • Natural

Type Outlook (Revenue, USD Billion; 2018-2028)

  • High-fructose syrups
  • Low-intensity sweeteners
  • High-intensity sweeteners

Composition Outlook (Revenue, USD Billion; 2018-2028)

  • Sugar Alcohols
  • Stevia
  • Saccharine
  • Sucralose
  • Cyclamate
  • Aspartame
  • Others

 Region wise performance of the Sugar Substitutes Market  industry

North America Sugar Substitutes Market  forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Sugar Substitutes Market  revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .

Asia Pacific registered fastest revenue CAGR in 2020, and the Sugar Substitutes Market  forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .

Europe Sugar Substitutes Market  forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Sugar Substitutes Market  growth.

Questions addressed in the report:

 

  • What is the estimated market growth rate throughout the forecast period?
  • Which end-use industry is expected to witness the highest demand for Sugar Substitutes Market   in the near future?
  • What is the regulatory framework governing the application of Sugar Substitutes Market   in the food industry?
  • Which manufacturing processes are utilized for the production of Sugar Substitutes Market   ?

 

Table of Contents:

  • Chapter 1 includes an introduction of the global Sugar Substitutes Market   , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
  • Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
  • Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
  • In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
  • Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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 Emergen research  is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

 

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