Sep 17, 2024 (MENAFN via COMTEX) --
(MENAFN - EIN Presswire)
Sugar Substitutes Market Report
BROOKLYN, NY, UNITED STATES, September 17, 2024 /EINPresswire / -- The latest report by IMARC Group, titled"Sugar Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," offers a comprehensive analysis of the
sugar substitutes market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global
sugar substitutes market size reached
USD 18.1 Billion in 2023 . Looking forward, IMARC Group expects the market to reach
USD 25.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
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Sugar Substitutes Market Trends:
The global
sugar substitutes market is experiencing robust growth, primarily driven by increasing consumer awareness regarding the adverse health effects of excessive
sugar consumption, such as obesity, diabetes, and cardiovascular diseases. The growing preference for low-calorie and natural sweeteners, particularly among health-conscious consumers, has led to the rising adoption of
sugar substitutes in various food and beverage products. Additionally, the rising demand for sugar-free and low-sugar alternatives in the food and beverage industry, including bakery, confectionery, dairy, and beverages, is fueling market expansion.
The market is further propelled by advancements in food technology, enabling manufacturers to develop
sugar substitutes that closely mimic the taste and texture of
sugar while offering improved stability and shelf life. The increasing prevalence of lifestyle-related health conditions and the global trend towards healthier eating habits are encouraging the incorporation of
sugar substitutes in dietary supplements, pharmaceuticals, and functional foods. Furthermore, supportive government initiatives and regulations promoting the reduction of
sugar intake, along with the introduction of
sugar taxes in various countries, are expected to drive market growth.
Sugar Substitutes Market Scope and Growth Analysis:
The market encompasses a wide variety of products, including artificial sweeteners (such as aspartame and sucralose), natural sweeteners (like stevia and monk fruit), and
sugar alcohols (such as xylitol and erythritol). Its scope extends across diverse applications, including food and beverages, pharmaceuticals, personal care products, and nutraceuticals. Market growth is driven by the increasing demand for natural and plant-based sweeteners, reflecting the shift towards clean-label, organic, and non-GMO products among consumers.
The market is also influenced by the development of innovative
sugar substitutes that offer enhanced sweetness profiles, reduced aftertaste, and functional benefits such as low glycemic index. In emerging economies, rising disposable income and growing health awareness are expanding the customer base for sugar-free and low-sugar products. Additionally, the ongoing research and development efforts to create multifunctional
sugar substitutes with added nutritional value, as well as the integration of these substitutes into mainstream products, are anticipated to propel market expansion.
View Full Report with TOC & List of Figure:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
.Tate & Lyle PLC
.Cargill, Incorporated
.PureCircle Limited
.Roquette FreÌ?res S.A.
.E. I. du Pont de Nemours and Company
.Archer Daniels Midland Company
.Ajinomoto Co. Inc.
.Ingredion Incorporated
.Flavors Holdings Inc.
.Jk Sucralose Inc.
Sugar Substitutes Market Segmentation:
Our report has categorized the market based on region, product type, application and origin.
Breakup by Product Type:
.High-Intensity Sweeteners
oStevia
oAspartame
oCyclamate
oSucralose
oSaccharin
oOthers
.Low-Intensity Sweeteners
oD-Tagatose
oSorbitol
oMaltitol
oXylitol
oMannitol
oOthers
.High Fructose Syrup
Breakup by Application:
.Foods
.Beverages
.Health and Personal Care
Breakup by Origin:
.Artificial
.Natural
Breakup by Region:
.North America (USA, Canada)
.Europe (Germany, France, UK, Italy, Spain, Russia, others)
.Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
.Middle East/Africa
.Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
.Market Performance (2018-2023)
.Market Outlook (2024-2032)
.Porter's Five Forces Analysis
.Market Drivers and Success Factors
.SWOT Analysis
.Value Chain
.Comprehensive Mapping of the Competitive Landscape
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About US:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
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