A recent report published by Infinium Global Research on sugar substitutes market provides an in-depth analysis of segments and sub-segments in global as well as regional sugar substitutes market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional sugar substitutes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sugar substitutes market. According to report, the global sugar substitutes market is projected to grow at a CAGR of 4.0% over the forecast period of 2018-2024.
The sugar substitute is a food additive, which is generally used in processed food and drinks to enhance the sweetness level of the beverage products. These are sweeter than sugar and contains low calories. These substitutes are chemical or plant-based food additives used to provide sweet taste or enhance the flavors of food and drinks. Sugar substitutes are regulated as food additives by the U.S. Food and Drug Administration (FDA) so that it can be used as an additive in various food and drinks.
The use of sugar substitutes or the artificial sweeteners in the bakery, dairy, cafeteria & frozen food is rising rapidly owing to its low-calorie content. The growing awareness about low-calorie food & beverages and healthy lifestyle leading to consumer's inclination towards the sugar substitutes drives the growth of sugar substitutes market. In addition, the growing prevalence of obesity and diabetes problems across the world are expected to create a demand for sugar substitutes. In addition, favorable government’s regulation for the application of sugar substitutes is likely to boost the growth of sugar substitutes market. Moreover, the various manufacturers in the food and beverages industries, with the help of new advanced technologies are focusing on developing sugar substitute that that helps in making safe and good quality consumable products, which in turn is projected to create new opportunities in the market.
Geographically, North America accounts for the largest share in the sugar substitute market as they are the highest consumers of sugar substitutes. In North America, the sugar substitutes are used in various industrial and non-industrial applications. Asia-Pacific is expected to grow at the highest CAGR in the sugar substitutes market due to the relatively high demand of sugar substitutes in this region on account of rising health problems associated with the consumption of high-calorie food and beverages.
The report on global sugar substitutes market covers segments such as product type and applications. On the basis of product type, the global sugar substitutes market is categorized into low intensity sweeteners, high-intensity sweeteners, and high fructose syrup. On the basis of applications the global sugar substitutes market is categorized into bakery and confectionery, dairy, non- alcoholic beverages, alcoholic beverages, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2016-2018. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global sugar substitutes market such as Cargill Inc., ADM, Tate & Lyle, Ingredion, Dohler, E.I. DuPont De Nemours and Company, JK Sucralose Inc., Roquette Frères, Ajinomoto and Merisant.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global sugar substitutes market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sugar substitutes market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the sugar substitutes market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the sugar substitutes market to understand the present and future trends in this market and formulate their strategies accordingly.
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