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The global sugar substitutes market size reached US$ 16.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2027, exhibiting a growth rate (CAGR) of 4.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Sugar substitutes are food additives that are used in place of table sugar (sucrose) to sweeten and enhance the flavor of edibles. As their intake does not immediately increase blood sugar, these substitutes are extensively used in the preparation of sugar-free foods and beverages like baked goods, candies, soft drinks, canned foods, dairy products, powdered drink mixes, puddings and jellies. Some of the popular sugar substitutes available in the market include D-tagatose, sorbitol, xylitol, stevia, maltitol, acesulfame and neotame.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sugar substitutes market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and origin.
Breakup by Product Type:
Based on product type, high-intensity sweeteners are the most popular product type as they provide negligible energy and a more satisfactory texture in comparison with other sugar substitute products. Some of the common high-intensity sweeteners are stevia, aspartame, cyclamate, sucralose and saccharin.
Breakup by Application:
Sugar substitutes are commonly used in the production of beverages like energy drinks, instant teas, soft drinks, juices and diet sodas. Fast-paced lifestyle of the working population has increased the consumption of convenient and ready-to-drink beverages, thereby providing a thrust to the market growth.
Breakup by Origin:
Based on the market segmentation by origin, natural sugar substitutes hold the largest market share.
On the geographical front, North America enjoys the leading position in the market. Hectic lifestyles and high expendable incomes have escalated the obesity rates in the region. Increasing awareness of the benefits of sugar substitutes has further contributed to the growth of the market.
The competitive landscape of the market has been examined in the report with detailed profiles of the key players. Some of the major market players include:
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Application, Origin, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Tate & Lyle PLC, Cargill, Incorporated, PureCircle Ltd., Roquette Frères S.A., E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, Ajinomoto Co. Inc., Ingredion Incorporated, Flavors Holdings Inc. and JK Sucralose Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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