Sugar Substitutes Market Poised to grow at a CAGR of 4.0% by 2024
Infinium Global Research has added a new report on Sugar Substitutes Market. The report presents an analysis of global as well as regional markets of sugar substitutes market over the period of 2016 to 2018.
The sugar substitutes are artificial that are generally used in processed food and drinks, as they are sweeter than sugar and contains low (or no) calories. Sugar substitutes are the 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 the 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 the demand for sugar substitutes. In addition, favorable government’s regulation on the use 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 advance 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 the new opportunities in the market.
Geographically, North America accounts for the largest share in the sugar substitutes market as they are 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
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global sugar substitutes market but also make strategic decisions to capture the most lucrative markets in the near future.
The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.
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The recent report identified that North America dominated the global sugar substitutes market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the sugar substitutes market worldwide. The report segments the global sugar substitutes market on the basis of Product Type and Applications.
Global Sugar Substitutes Market by Product Type
· Low Intensity Sweeteners
· High Intensity Sweeteners
· High Fructose Syrup
Global Sugar Substitutes Market by Applications
· Bakery and Confectionery
· Non- Alcoholic Beverages
· Alcoholic Beverages
Companies Profiled in the Report
· Cargill Inc.
· Tate & Lyle
· E.I. DuPont De Nemours and Company
· JK Sucralose Inc.
· Roquette Frères
About Infinium Global Research
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