Axisresearch
- Food & Beverage
- IMARC GROUP
- 110 pages
- Published: 04-08-2019
The global sugar substitutes market reached a value of US$ 15 Billion in 2018. The market is further expected to reach US$ 19 Billion by 2024, expanding at a CAGR of more than 4% during 2019-2024. 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.
Global Sugar Substitutes Market Drivers:
Sugar substitutes are constantly replacing sugar in the food and beverage industry owing to the rising awareness of the negative health effects of sugar along with the increasing cases of obesity around the globe. For instance, food manufacturers are introducing low-calorie variants of food products to expand their consumer base.
Several sugar substitutes are safe for diabetic patients as they allow them to enjoy sweet foods without affecting their insulin levels. The rising prevalence of diabetes, especially in the Middle Eastern countries, has further increased the consumption of sugar-free food items, thereby bolstering the growth of the market.
The consumption of sugar results in tooth decay as the bacteria present in dental plaque metabolize sugar and release acid that can damage the teeth enamel. On the contrary, sugar substitutes like stevia provide active dental benefits and hinder the formation of plaque.
Breakup by Product Type:
High-Intensity Sweeteners
Low-Intensity Sweeteners
High-Fructose Syrup
Based on types, 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:
Foods
Beverages
Health and Personal Care
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:
Artificial
Natural
Based on the market segmentation by origin, artificial sugar substitutes hold the largest market share as they are widely used in the preparation of processed foods like baked goods, canned food items, jams, jellies, puddings and candies.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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.
Competitive Landscape:
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:
Tate & Lyle PLC
Cargill, Incorporated
PureCircle Ltd.
Roquette Frères
DuPont
Archer Daniels Midland Company
Ajinomoto Co. Inc.
Ingredion Incorporated
Flavors Holding Inc.
JK Sucralose Inc.
Key Questions Answered in This Report:
- How has the global sugar substitutes market performed so far and how will it perform in the coming years?
- What are the key regions in the global sugar substitutes market?
- Which are the popular product types in the global sugar substitutes market?
- What are the key application segments in the global sugar substitutes market?
- What are the various stages in the value chain of the global sugar substitutes market?
- What are the key driving factors and challenges in the global sugar substitutes market?
- What is the structure of the global sugar substitutes market and who are the key players?
- What is the degree of competition in the global sugar substitutes market?
- How are sugar substitutes manufactured?
| 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Sugar Substitutes Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Product 5.4 Market Breakup by Composition 5.5 Market Breakup by Application 5.6 Market Breakup by Origin 5.7 Market Breakup by Region 5.8 Market Forecast 5.9 SWOT Analysis 5.9.1 Overview 5.9.2 Strengths 5.9.3 Weaknesses 5.9.4 Opportunities 5.9.5 Threats 5.10 Value Chain Analysis 5.10.1 Overview 5.10.2 Research and Development 5.10.3 Raw Material Procurement 5.10.4 Manufacturing 5.10.5 Marketing 5.10.6 Distribution 5.10.7 End-Use 5.11 Porters Five Forces Analysis 5.11.1 Overview 5.11.2 Bargaining Power of Buyers 5.11.3 Bargaining Power of Suppliers 5.11.4 Degree of Competition 5.11.5 Threat of New Entrants 5.11.6 Threat of Substitutes 5.12 Price Analysis 5.12.1 Key Price Indicators 5.12.2 Price Structure 5.12.3 Margin Analysis 6 Market Breakup by Product Type 6.1 High-Intensity Sweeteners 6.1.1 Stevia 6.1.1.1 Market Trends 6.1.1.2 Market Forecast 6.1.2 Aspartame 6.1.2.1 Market Trends 6.1.2.2 Market Forecast 6.1.3 Cyclamate 6.1.3.1 Market Trends 6.1.3.2 Market Forecast 6.1.4 Sucralose 6.1.4.1 Market Trends 6.1.4.2 Market Forecast 6.1.5 Saccharin 6.1.5.1 Market Trends 6.1.5.2 Market Forecast 6.1.6 Others 6.1.6.1 Market Trends 6.1.6.2 Market Forecast 6.2 Low-Intensity Sweeteners 6.2.1 D-Tagatose 6.2.1.1 Market Trends 6.2.2.2 Market Forecast 6.2.2 Sorbitol 6.2.2.1 Market Trends 6.2.2.2 Market Forecast 6.2.3 Maltitol 6.2.3.1 Market Trends 6.2.3.2 Market Forecast 6.2.4 Xylitol 6.2.4.1 Market Trends 6.2.4.2 Market Forecast 6.2.5 Mannitol 6.2.5.1 Market Trends 6.2.5.2 Market Forecast 6.2.6 Others 6.2.6.1 Market Trends 6.2.6.2 Market Forecast 6.3 High Fructose Syrup 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Application 7.1 Food Products 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Beverages 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Health and Personal Care 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Origin 8.1 Natural 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Artificial 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Region 9.1 North America 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Asia Pacific 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Europe 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Middle East and Africa 9.4.1 Market Trends 9.4.2 Market Forecast 9.5 Latin America 9.5.1 Market Trends 9.5.2 Market Forecast 10 Sugar Substitutes Manufacturing Process 10.1 Product Overview 10.2 Raw Material Requirements 10.3 Manufacturing Process 10.4 Key Success and Risk Factors 11 Competitive Landscape 11.1 Market Structure 11.2 Key Players 11.3 Profiles of Key Players 11.3.1 Tate & Lyle Plc 11.3.2 Cargill, Incorporated 11.3.3 Purecircle Ltd 11.3.4 Roquette Frères 11.3.5 DuPont 11.3.6 Archer Daniels Midland Company 11.3.7 Ajinomoto Co. Inc. 11.3.8 Ingredion Incorporated 11.3.9 Flavors Holdings Inc. 11.3.10 Jk Sucralose Inc. |
Market Breakup by Product Type
- High-Intensity Sweeteners
- Stevia
- Aspartame
- Cyclamate
- Sucralose
- Saccharin
- Others
- Low-Intensity Sweeteners
- D-Tagatose
- Sorbitol
- Maltitol
- Xylitol
- Mannitol
- Others
- High Fructose Syrup
Market Breakup by Application
- Food Products
- Beverages
- Health and Personal Care
Market Breakup by Origin
- Natural
- Artificial
Market Breakup by Region
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America