The Global Sugar Substitutes Market is expected to grow at a CAGR of 4.5%, during 2017-2022 (the forecast period). The changing lifestyles of people is the main factor accelerating the sugar substitutes market. Over the years, consumers have become more health-conscious and prefer low-calorie products. This changing trend, coupled with the increasing disposable income in developing economies, is expected to boost the market for sugar substitutes.
Increase in diabetic patients is expected to boost the market for healthy sugar substitutes
The number of diabetic patients has increased tremendously, over the years. The number of adults with diabetes has doubled, since1980. The United States has a large number of diabetic patients and over the years this number have been increasing, tremendously.
Number and Percentage of US Population with Diagnosed Diabetes
Year / Percentage / Number (in million):
- 2011 / 6.78 / 20.74
- 2012 / 6.96 / 21.47
- 2013 / 7.18 / 22.30
The prevalence of diabetics has increased the need for food products that use sugar substitutes. Manufactures, therefore, are producing a large number of products targeted at diabetics. The factors restraining the market growth are the stringent quality criteria and the need to comply with international quality standards and regulations.
Segmentation Analysis, by Type of Sugar Substitute
The growth of sugar substitutes, such as Stevia, Aspartame, Cyclamate, D-Tagatose, Sorbitol, and Maltitol, is expected to be high in developing countries, owing to the presence of emerging economies, rise in health problems related to sugar consumption, and the growing awareness and preference for low-caloric food and beverages. On the basis of type, the market is segmented into high-intensity sweeteners, low-intensity sweeteners, and high fructose syrup.
North America accounted for the largest market share of 36% for sugar substitutes, in 2016, followed by Europe. The significant share is attributed to the growing number of diabetics and increasing obesity among population. The United States has the largest market share of 65%, however Mexico and Canada are expected to witness a healthy growth rate during the forecast period. Asia-Pacific is anticipated to register a CAGR of over 6.0%, during 2017-2022. The increasing disposable income, coupled with the rise in the number of health-conscious consumers, is expected to boost the region’s demand for sugar substitutes.
Some of the leading manufacturers and suppliers of sugar substitutes include:
- Tate & Lyle
- Cargill Incorporated
- Archer Daniels Midland
- Ingredion Incorporated
- Roquette, Ajinomoto Co. Inc.
- JK Sucralose Inc.
- Pure Circle Limited
- The Nutra Sweet Company
These companies focus on capacity expansion, owing to the increasing demand for healthier sugar substitutes.
Our Global Sugar Substitutes Market Report Covers:
- Market Trends & Dynamics
- Latest News & Developments
- Porter’s Five Forces Analysis
- Investment Scope
- Deep-dive insights
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Consumer Behavioural Analysis
3.2 Market Trends
3.3 Market Dynamics
3.3.4 Porter's Five Forces Analysis
188.8.131.52 Bargaining Power of Suppliers
184.108.40.206 Bargaining Power of Buyers
220.127.116.11 Threat of New Entrants
18.104.22.168 Threat of Substitute Products & Services
22.214.171.124 Degree of Competition
4. Market Segmentation
4.1 By Product Type (Market Trend, Demand, Market Sizing & Forecast)
4.1.1 High Intensity Sweeteners
4.1.2 Low Intensity Sweeteners
4.1.3 High Fructose Syrup
4.2 By Application Type(Market Trend, Demand, Market Sizing & Forecast)
126.96.36.199 Dairy and Frozen Foods
4.2.3 Health and Personal Care
4.3 By Geography (Market Trend, Demand, Market Size & Forecast of Form Type by Each Country and by Geography)
4.3.1 North America (Market Trend, Demand, Market Size & Forecast of Form Type by Country)
188.8.131.52 United States
4.3.2 Europe (Market Trend, Demand, Market Size & Forecast of Form Type by Each Country and by Geography)
184.108.40.206 United Kingdom
4.3.3 Asia-Pacific (Market Trend, Demand, Market Size & Forecast of Form Type by Each Country and by Geography)
4.3.4 South America (Market Trend, Demand, Market Size & Forecast of Form Type by Each Country and by Geography)
4.3.5 Africa (Market Trend, Demand, Market Size & Forecast of Form Type by Each Country and by Geography)
220.127.116.11 South Africa
5. Competitive Landscape
5.1 Strategy Adopted by Key Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.1 Tate & Lyle
6.2 Cargill Inc.
6.3 Archer Daniels Midland
6.4 Ingredion Incrporated
6.6 Ajinomoto Co. Inc.
6.7 JK Sucralose Inc.
6.8 Pure Circle Limited
6.9 The Nutra Sweet Company