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Sugar Alternatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 220 Pages
  • August 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5854432

The global sugar alternatives market, valued at US$7 Bn in 2021, is projected to witness substantial growth in the coming years, according to research by The analyst. The rising health-conscious population and increasing awareness of the negative impact of conventional sugar on the human body are driving the demand for sugar substitutes, promoting a shift towards healthier and sustainable options.

As the need to reduce dependence on conventional sugar grows, sugar substitutes are gaining popularity as environmentally sustainable and healthy sugar replacers. Evolving lifestyles, an increase in chronic diseases, and a rising diabetic population are collectively driving the sugar alternatives market. The growing health-conscious consumer base worldwide is expected to boost the demand for sugar substitutes significantly. The market reflected modest growth, reaching a value of around US$7 Bn in 2021, and is expected to maintain a healthy pace of growth in the coming years.

Key Report Findings

  • The global sugar alternatives market size was around US$7 Bn in 2021.
  • Rising health consciousness among consumers is expected to drive the market growth.
  • Increasing prevalence of chronic diseases, such as diabetes, is fueling the consumption of sugar alternatives.
  • North America is poised to dominate the sugar alternatives industry.
  • Innovations across the food and beverages industry are set to augment the growth of the sugar alternatives market.

Growth Drivers

As urbanization and sedentary lifestyles become more prevalent, the negative impact of conventional sugar on the human body has become a significant concern. Increased consumption of calorie-rich foods has led to obesity, cardiovascular disorders, high blood pressure, and diabetes. Rising health consciousness and awareness of diabetes-related risks are driving consumers to opt for low-calorie sweeteners and sugar alternatives, promoting the growth of the market.

Ascending Demand for Plant-based Ingredients

Consumers are increasingly seeking naturally sweet and low-calorie plant-based ingredients, leading to a surge in demand for products like stevia and monk fruit. These natural sweeteners, approved by the FDA GRAS, offer healthier alternatives to synthetic sweeteners. Favourable government policies in various countries further promote the consumption of natural sugar substitutes, contributing to the market's potential growth.

Overview of Key Segments

Sugar alternatives are widely used in the food and beverages industry, especially in functional beverages, flavored water, and carbonated drinks. High-intensity sweeteners are also being incorporated in food products to provide sweetness at lower production costs. The growth of the food and beverages industry, particularly in emerging markets of Asia Pacific, is expected to drive the demand for sugar substitutes.

Growth Opportunities Across Regions

North America is expected to hold a significant revenue share in the sugar alternatives market due to increasing awareness of the harmful effects of high sugar consumption and rising diabetes cases. In Asia Pacific, rising health consciousness and government initiatives promoting the consumption of sugar alternatives are driving market growth.

Sugar Alternatives Market: Key Competitors

Major players in the sugar alternatives market include Cargill Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Ajinomoto Co. Inc., International Flavors and Fragrances Inc., JK Sucralose Inc., Roquette Freres, MacAndrews & Forbes Holdings Inc., PureCircle, Archer Daniels Midland Company (ADM), E. I. DuPont De Nemours, and The NutraSweet Company.

Table of Contents

1. Executive Summary
1.1. Global Sugar Alternatives Market: Snapshot
1.2. Future Projections, 2021-2027, (Kilo Tons) (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Government Regulations
2.7. Sugar Consumption Trends
2.8. Recent Industry Developments
2.9. Upcoming Expansions
3. Production Output and Trade Statistics
3.1. Sugar Alternatives Supply-Demand
3.2. Regional Production Statistics
3.3. Trade Analysis
4. Price Analysis
4.1. Key Price Indicators
4.2. Price Analysis, by Product
4.3. Price Analysis, by Region
5. Global Sugar Alternatives Market Outlook, 2018 - 2030
5.1. Global Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. High Fructose Corn Syrup (HFCS)
5.1.1.2. Polyols
5.1.1.3. Aspartame
5.1.1.4. Cyclamates
5.1.1.5. Sucralose
5.1.1.6. Stevia
5.1.1.7. AceK
5.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
5.1.2. Market Attractiveness Analysis
5.2. Global Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Food & Beverages
5.2.1.1.1. Bakery & Confectionery
5.2.1.1.2. Table-top
5.2.1.1.3. Frozen Dessert & Dairy
5.2.1.1.4. Soft Drinks
5.2.1.2. Personal Care
5.2.1.3. Pharmaceuticals
5.2.2. Market Attractiveness Analysis
5.3. Global Sugar Alternatives Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. Market Attractiveness Analysis
6. North America Sugar Alternatives Market Outlook, 2018 - 2030
6.1. North America Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. High Fructose Corn Syrup (HFCS)
6.1.1.2. Polyols
6.1.1.3. Aspartame
6.1.1.4. Cyclamates
6.1.1.5. Sucralose
6.1.1.6. Stevia
6.1.1.7. AceK
6.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
6.2. North America Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Food & Beverages
6.2.1.1.1. Bakery & Confectionery
6.2.1.1.2. Table-top
6.2.1.1.3. Frozen Dessert & Dairy
6.2.1.1.4. Soft Drinks
6.2.1.2. Personal Care
6.2.1.3. Pharmaceuticals
6.3. North America Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
7. Europe Sugar Alternatives Market Outlook, 2018 - 2030
7.1. Europe Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. High Fructose Corn Syrup (HFCS)
7.1.1.2. Polyols
7.1.1.3. Aspartame
7.1.1.4. Cyclamates
7.1.1.5. Sucralose
7.1.1.6. Stevia
7.1.1.7. AceK
7.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
7.2. Europe Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Food & Beverages
7.2.1.1.1. Bakery & Confectionery
7.2.1.1.2. Table-top
7.2.1.1.3. Frozen Dessert & Dairy
7.2.1.1.4. Soft Drinks
7.2.1.2. Personal Care
7.2.1.3. Pharmaceuticals
7.3. Europe Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Sugar Alternatives Market Outlook, 2018 - 2030
8.1. Asia Pacific Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. High Fructose Corn Syrup (HFCS)
8.1.1.2. Polyols
8.1.1.3. Aspartame
8.1.1.4. Cyclamates
8.1.1.5. Sucralose
8.1.1.6. Stevia
8.1.1.7. AceK
8.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
8.2. Asia Pacific Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Food & Beverages
8.2.1.1.1. Bakery & Confectionery
8.2.1.1.2. Table-top
8.2.1.1.3. Frozen Dessert & Dairy
8.2.1.1.4. Soft Drinks
8.2.1.2. Personal Care
8.2.1.3. Pharmaceuticals
8.3. Asia Pacific Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Sugar Alternatives Market Outlook, 2018 - 2030
9.1. Latin America Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. High Fructose Corn Syrup (HFCS)
9.1.1.2. Polyols
9.1.1.3. Aspartame
9.1.1.4. Cyclamates
9.1.1.5. Sucralose
9.1.1.6. Stevia
9.1.1.7. AceK
9.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
9.2. Latin America Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Food & Beverages
9.2.1.1.1. Bakery & Confectionery
9.2.1.1.2. Table-top
9.2.1.1.3. Frozen Dessert & Dairy
9.2.1.1.4. Soft Drinks
9.2.1.2. Personal Care
9.2.1.3. Pharmaceuticals
9.3. Latin America Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Sugar Alternatives Market Outlook, 2018 - 2030
10.1. Middle East & Africa Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. High Fructose Corn Syrup (HFCS)
10.1.1.2. Polyols
10.1.1.3. Aspartame
10.1.1.4. Cyclamates
10.1.1.5. Sucralose
10.1.1.6. Stevia
10.1.1.7. AceK
10.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
10.2. Middle East & Africa Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Food & Beverages
10.2.1.1.1. Bakery & Confectionery
10.2.1.1.2. Table-top
10.2.1.1.3. Frozen Dessert & Dairy
10.2.1.1.4. Soft Drinks
10.2.1.2. Personal Care
10.2.1.3. Pharmaceuticals
10.3. Middle East & Africa Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Egypt
10.3.1.4. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competition Matrix (By Tier and Size of companies)
11.3. Strategic Collaborations
11.4. Company Profiles
11.4.1. Ajinomoto Company
11.4.1.1. Company Overview
11.4.1.2. Product Portfolio
11.4.1.3. Financial Overview
11.4.1.4. Business Strategies and Development
11.4.2. Archer-Daniels-Midland
11.4.3. Tianjin North Food Co. Ltd.
11.4.4. Shanghai Merry Yang Enterprise Co. Ltd.
11.4.5. HOWTIAN LLC
11.4.6. HSWT
11.4.7. JMC (KISCO Group)
11.4.8. Cargill Incorporated
11.4.9. Tate & Lyle
11.4.10. GLG Life Tech Corporation
11.4.11. SinoSweet Co., Ltd.
11.4.12. Kaifeng Xinghua Fine Chemical Ltd.
11.4.13. PureCircle
12. Appendix
12.1. Acronyms and Abbreviations
12.2. Research Scope & Assumptions
12.3. Research Methodology and Information Sources

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ajinomoto Company
  • Archer-Daniels-Midland
  • Tianjin North Food Co. Ltd.
  • Shanghai Merry Yang Enterprise Co. Ltd.
  • HOWTIAN LLC
  • HSWT
  • JMC (KISCO Group)
  • Cargill Incorporated
  • Tate & Lyle
  • GLG Life Tech Corporation
  • SinoSweet Co., Ltd.
  • Kaifeng Xinghua Fine Chemical Ltd.
  • PureCircle

Methodology

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