Sugar Substitutes Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global sugar substitutes market.
This report focuses on sugar substitutes market which is experiencing strong growth. The report gives a guide to the sugar substitutes market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the sugar substitutes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Sugar Substitutes market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider sugar substitutes market, and compares it with other markets.
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This report focuses on sugar substitutes market which is experiencing strong growth. The report gives a guide to the sugar substitutes market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
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Description
Where is the largest and fastest growing market for the sugar substitutes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Sugar Substitutes market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider sugar substitutes market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth
- Market segmentations break down market into sub markets
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. - - It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
- The sugar substitutes market section of the report gives context. It compares the sugar substitutes market with other segments of the sugar substitutes market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, sugar substitutes indicators comparison
Markets Covered:
- By Type: High Intensity; Low Intensity; High Fructose Syrup
- By Origin: Natural; Artificial
- By Form: Solid; Liquid
- By Application: Food; Beverages; Nutrition and Health Supplements; Pharmaceuticals; Animal Feed; Personal Care
- Companies Mentioned: DuPont Nutrition & Biosciences; Archer Daniels Midland Company; Tate & Lyle; Cargill Inc; Ingredion Incorporated- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Sugar Substitutes Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2021 |
| Forecast Period | 2021 - 2025 |
| Estimated Market Value ( USD | $ 19 billion |
| Forecasted Market Value ( USD | $ 23.96 billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Sugar Substitutes Market Characteristics3. Sugar Substitutes Market Trends and Strategies4. Impact of COVID-19 On Sugar Substitutes28. Key Mergers and Acquisitions In the Sugar Substitutes Market29. Sugar Substitutes Market Future Outlook and Potential Analysis
5. Sugar Substitutes Market Size and Growth
6. Sugar Substitutes Market Segmentation
7. Sugar Substitutes Market Regional and Country Analysis
8. Asia-Pacific Sugar Substitutes Market
9. China Sugar Substitutes Market
10. India Sugar Substitutes Market
11. Japan Sugar Substitutes Market
12. Australia Sugar Substitutes Market
13. Indonesia Sugar Substitutes Market
14. South Korea Sugar Substitutes Market
15. Western Europe Sugar Substitutes Market
16. UK Sugar Substitutes Market
17. Germany Sugar Substitutes Market
18. France Sugar Substitutes Market
19. Eastern Europe Sugar Substitutes Market
20. Russia Sugar Substitutes Market
21. North America Sugar Substitutes Market
22. USA Sugar Substitutes Market
23. South America Sugar Substitutes Market
24. Brazil Sugar Substitutes Market
25. Middle East Sugar Substitutes Market
26. Africa Sugar Substitutes Market
27. Sugar Substitutes Market Competitive Landscape and Company Profiles
30. Appendix
Executive Summary
Major players in the sugar substitutes market are DuPont Nutrition & Biosciences, Archer Daniels Midland Company, Tate & Lyle, Cargill Inc., Ingredion Incorporated, Roquette Frères, PureCircle Ltd, Ajinomoto Co. Inc., JK Sucralose Inc., Stevia Corp., Sweetly Stevia, Kerry Group, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd, and Hunan Nutramax Inc.The global sugar substitutes market is expected to grow from $17.57 billion in 2020 to $19.00 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $23.96 billion in 2025 at a CAGR of 6%.
The sugar substitutes market consists of sales of sugar substitute products by entities (organization, sole traders, and partnerships) that are chemical or plant-based substances used in food and drinks as additives to enhance sweet flavor. Sugar substitutes provide health benefits due to low calories and can be consumed in a variety of ranges including stevia, aspartame, maltitol, neotame, and others. Sugar substitutes are used in breakfast cereals, pudding, tea, and other sweet beverages.
The main types of sugar substitutes are high-intensity sugar substitutes, low-intensity sugar substitutes, and high fructose syrup. High-intensity sugar substitutes are sweeteners with greater intensity of sweetness compared to regular sugar. High-intensity sugar substitutes are used as sweeteners in food in low quantity and contribute few calories. High-intensity sugar substitutes come in different forms including aspartame, sucralose, neotame, acesulfame, potassium, and advantame. The origin of sugar substitutes is from natural and artificial sources and is available in solid and liquid forms. Sugar substitutes are used in food, beverages, nutrition and supplements, pharmaceuticals, animal feeds, and personal care.
North America was the largest region in the sugar substitutes market in 2020. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The development of the fermentation process is a key trend gaining popularity in the sugar substitutes market. The fermentation process is increasingly being used to develop sugar substitute products from the stevia plant. Fermentation is being used by scientists as a unique method for making Rebaudioside M (Reb-M) to sustain the purity and sweetness of sugarcane in natural sugar substitute similar to regular sugar. For instance, in 2020, Amyris, a US-based biotechnology company adopted the fermentation method to expand their non-sugar sweetener products and developed zero-calorie sweeteners with a similar taste to regular sugar. The new method allows Amyris to make higher purity, higher quantity, and low-cost sustainable sugar with the best taste.
In December 2020, Tate & Lyle, a UK-based company that provides food and beverage ingredients and solutions acquired Sweet Green Fields (SGF) for an undisclosed amount. Through this acquisition, Tate & Lyle will expand its portfolio for stevia products and will gain a fully integrated stevia supply chain, including leaf sourcing, leaf varietal development, established agricultural programs, and cost-effective manufacturing. Sweet Green Fields (SGF) is a US-based company that provides sugar substitute products.
The increasing prevalence of obesity and diabetes among the population is propelling the growth of the sugar substitutes market. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Sugar substitutes help controlling high blood pressure, body weight, and blood sugar levels in patients facing diabetes or obesity health issues. For instance, according to International Diabetes Federation, in 2019, 463 million people have diabetes globally and the number is projected to increase to 700 million by 2045. Therefore, the increasing prevalence of obesity and diabetes is expected to fuel the growth of the sugar substitutes market in the coming years.
The countries covered in the sugar substitutes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Ajinomoto Co. Inc.
- Archer Daniels Midland Company
- Biosweet Ventures
- Cargill Inc.
- DuPont Nutrition & Biosciences
- Hunan Nutramax Inc.
- Ingredion Incorporated
- JK Sucralose Inc.
- Kerry Group
- PureCircle Ltd
- Roquette Frères
- Shan
Methodology
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