Increasing health problems due to sugar consumption and a surge in consumer preference for healthier and low-calorie sugar alternatives are stimulating market growth.
Market Size - USD 14.9 Billion in 2019, Market Growth - CAGR of 4.6%, Market Trends- Rise in low-calorie intake trend.
The Global Sugar Substitutes Market size is forecast to reach USD 18.8 Billion from USD 14.9 Billion in 2019, exhibiting a CAGR of 4.6% through 2027. Market growth is driven by a plethora of factors, including a rise in disposable incomes, the growth of developing economies, hectic lifestyles, growing awareness regarding health & nutrition, expansion of the geriatric population base, and the growing prevalence of diabetes and obesity.
Sugar substitutes are gaining massive popularity as they contain significantly lighter food energy than sugar-based sweeteners. These low-calorie or zero-calorie sweeteners can be enjoyed guilt-free by weight-conscious and diabetic people. In 2018, the global count of diabetes was 424.9 million people. The IDF (International Diabetes Federation) estimates that the prevalence of diabetes is likely to increase by 9.9% by 2045. The manifestation of diabetes can be prevented by appropriate measures like lifestyle changes and diet control. The growing health awareness among the masses is leading to skyrocketing demand for sugar substitutes. Moreover, the growing demand for naturally sourced sweeteners will bolster the sugar substitutes market growth over the forecast period.
Further key findings from the report suggest
This report forecasts revenue growth at global, regional, and country levels to provide an analysis of market trends in each segment and sub-segment from 2020 to 2027. For the purpose of this study, Reports and Data has segmented the sugar substitutes market on the basis of origin, category, product, application, end-use, and region:
Origin Outlook (Revenue, USD Billion; 2020 -2027)
Category Outlook (Revenue, USD Billion; 2020-2027)
Product Outlook (Revenue, USD Billion; 2020-2027)
Application Outlook (Revenue, USD Billion; 2020-2027)
End-Use Outlook (Revenue, USD Billion; 2020 -2027)
Regional Outlook (Revenue, USD Billion; 2020 -2027)
Reasons to Buy the Report
Market Size - USD 14.9 Billion in 2019, Market Growth - CAGR of 4.6%, Market Trends- Rise in low-calorie intake trend.
The Global Sugar Substitutes Market size is forecast to reach USD 18.8 Billion from USD 14.9 Billion in 2019, exhibiting a CAGR of 4.6% through 2027. Market growth is driven by a plethora of factors, including a rise in disposable incomes, the growth of developing economies, hectic lifestyles, growing awareness regarding health & nutrition, expansion of the geriatric population base, and the growing prevalence of diabetes and obesity.
Sugar substitutes are gaining massive popularity as they contain significantly lighter food energy than sugar-based sweeteners. These low-calorie or zero-calorie sweeteners can be enjoyed guilt-free by weight-conscious and diabetic people. In 2018, the global count of diabetes was 424.9 million people. The IDF (International Diabetes Federation) estimates that the prevalence of diabetes is likely to increase by 9.9% by 2045. The manifestation of diabetes can be prevented by appropriate measures like lifestyle changes and diet control. The growing health awareness among the masses is leading to skyrocketing demand for sugar substitutes. Moreover, the growing demand for naturally sourced sweeteners will bolster the sugar substitutes market growth over the forecast period.
Further key findings from the report suggest
- Reduced sugar consumption and low-calorie intake have been major trends in the past few years. From aspartame to stevia, consumers are looking for ways to alleviate obesity and diabetes. In 2019, approximately 7 million people were using stevia, making it the most commonly used sugar substitutes available in the market.
- Based on origin type, the natural sugar substitutes segment will contribute significantly to the global sugar substitute market revenue share, exhibiting a growth rate of 4.7% through 2027. The robust growth can be attributed to snowballing health awareness among consumers and growing demand for non-GMO and vegan-based food products. The rapid proliferation of clean labels such as ‘preservative-free,’ ‘natural,’ ‘non-GMO,’ and ‘organic’ ingredients will boost segmental growth.
- On the basis of product type, the stevia segment is forecast to witness the highest growth at 7.3% over the analysis period. A report suggests that almost 10,000 new stevia-based food & beverage products have been launched in the past few years, with more than 26% of the launches concentrated on soft drink production.
- Based on application, the food segment accounted for a major chunk of the sugar substitutes market share in 2019 and is forecast to register a CAGR of 4.9% through 2027. The rapid growth is driven by the replacement of sucrose with low-calorie alternatives in food products.
- In the regional landscape, the Asia Pacific region is forecast to witness the highest growth of 5.2% through 2027 on account of growing disposable incomes in emerging economies, including India and China, and surging demand for sugar substitutes with a rise in health awareness.
- Key players operating in the global sugar substitutes market are Cargill, Inc. (U.S.), Tate & Lyle (U.K.), Archer Daniels Midland Company (U.S.), Roquette Frères (France), Ingredion Inc. (U.S.), Ajinomoto Co. Inc. (Japan), PureCircle (Malaysia), JK Sucralose Inc. (China), E. I. DuPont De Nemours (U.S.), and The NutraSweet Company (U.S.), among others.
- Industry players have undertaken several strategies to enhance their market presence. For instance, in May 2020, Ingredion Incorporated, a leading ingredients solution company, launched a new sugar substitute, Erysta, made from fermented erythritol polyol.
This report forecasts revenue growth at global, regional, and country levels to provide an analysis of market trends in each segment and sub-segment from 2020 to 2027. For the purpose of this study, Reports and Data has segmented the sugar substitutes market on the basis of origin, category, product, application, end-use, and region:
Origin Outlook (Revenue, USD Billion; 2020 -2027)
- Natural
- Artificial
Category Outlook (Revenue, USD Billion; 2020-2027)
- High Intensity Sweeteners
- Low intensity Sweeteners
- High Fructose Syrup
Product Outlook (Revenue, USD Billion; 2020-2027)
- Stevia
- Sugar Alcohols
- Aspertame
- Cyclamate
- Sucralose
- Saccharine
- Ace-k
Application Outlook (Revenue, USD Billion; 2020-2027)
- Food
- Confectionery
- Baked Goods
- Condiments
- Dairy & Frozen Yogurt
- Ice cream
- Others
- Beverage
- Fruit juices & Zero Calorie Drinks
- Carbonated Soft Drinks (CSD)
- Functional Drinks
- Smoothies
- Others (powdered beverages, flavored water)
- Others
End-Use Outlook (Revenue, USD Billion; 2020 -2027)
- Food & Beverage Manufacturers
- Table tops
- Hospitality
- Restaurants and Hotels
- Cruise Line
- Airlines
- Fast food Centers
- Others
Regional Outlook (Revenue, USD Billion; 2020 -2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- New Zealand
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Chile
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Turkey
Reasons to Buy the Report
- A robust analysis and estimation of the Sugar Substitutes Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Sugar Substitutes market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Sugar Substitutes Market Segmentation & Impact Analysis
Chapter 5. Sugar Substitutes Market by Origin Insights & Trends
Chapter 6. Sugar Substitutes Market by Category Insights & Trends
Chapter 7. Sugar Substitutes Market by Product Insights & Trends
Chapter 8. Sugar Substitutes Market by Application Insights & Trends
Chapter 9. Sugar Substitutes Market by End-Use Insights & Trends
Chapter 10. Sugar Substitutes Market Regional Outlook
10.2.7. U.S.
10.2.8. Canada
10.3. Europe
10.3.7. Germany
10.3.8. France
10.3.9. U.K.
10.3.10. BENELUX
10.3.11. Italy
10.3.13. Rest of Europe
10.4. Asia-Pacific
10.4.7. China
10.4.8. Japan
10.4.9. India
10.4.10. Australia
10.4.11. South Korea
10.4.12. New Zealand
10.4.13. Rest of Asia-Pacific
10.5. Middle East & Africa (MEA)
10.5.7. Saudi Arabia
10.5.8. UAE
10.5.9. Turkey
10.6. Latin America
10.6.7. Brazil
10.6.8. Argentina
10.6.9. Chile
10.6.10. Rest of Latin America
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
Companies Mentioned
- Dupont de nemours
- Tate & Lyle
- Cargill
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette
- Ajinomoto Co.
- JK Sucralose Inc.
- Purecircle Limited
- The Nutrasweet Company