Press Release

Apr, 15 2024

Sweet Alternatives: Exploring Healthier Options and Trends in Sugar Substitutes for a Balanced Lifestyle

The global sugar substitutes market refers to the industry that produces and distributes artificial sweeteners as alternatives to traditional sugar. Sugar substitutes are non-nutritive sweeteners that provide sweetness without the calories associated with traditional sugars.  Consumers are increasingly seeking low-calorie and sugar-free options in their food and beverages, driving the demand for sugar substitutes. Common types include artificial sweeteners such as aspartame, saccharin, and sucralose, as well as natural alternatives such as stevia and monk fruit extracts.

Access Full Report at https://www.databridgemarketresearch.com/reports/global-sugar-substitutes-market

Data Bridge Market Research analyses that the Global Sugar Substitutes Market which was USD 18,222.20 million in 2022, is expected to reach USD 38,435.95 million by 2030, and is expected to undergo a CAGR of 9.0% during the forecast period of 2023-2030. Government regulations worldwide are promoting sugar reduction in food and beverages. Some regions have implemented sugar taxes, driving manufacturers to embrace sugar substitutes. This regulatory push catalyzes the industry, fostering the adoption of alternative sweeteners and influencing formulations to align with healthier consumption trends.

Key Findings of the Study

Sugar Substitutes Market

The rising diabetic population is expected to drive the market's growth rate

The escalating global prevalence of diabetes has sparked an increasing demand for sugar substitutes as a vital tool in blood sugar level management. With a growing diabetic population, individuals are actively seeking alternatives to traditional sugars to control their dietary intake of sweeteners. This trend has positioned sugar substitutes as crucial components in the arsenal against diabetes, fostering a market that caters to the specific needs of those managing blood sugar levels for overall health and well-being.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Source (Sugar Substitutes and Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation and Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil and Gas)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

zuChem Inc. (U.S.), Ingredion Incorporated (U.S.), BENEO (Belgium), Cargill (U.S.), DuPont (U.S.), Foodchem International Corporation (China), JK Sucralose Inc. (China), HYET Sweet (U.S.), Roquette Frères (France), Mitsui Sugar Co.,Ltd. (Japan), ADM (U.S.), Tate & Lyle (UK), Pyure Brands LLC (U.S.), PureCircle (Japan), Ajinomoto Health & Nutrition North America, Inc. (U.S.), Alsiano (U.S.), StartingLine S.p.A. (Denmark), NutraSweet Co. (U.S.), MAFCO Worldwide LLC (U.S.), and Matsutani Chemical Industry Co., Ltd. (Japan)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

The global sugar substitutes market is segmented on the basis of source, manufacturing process, and application. 

  • On the basis of source, the global sugar substitutes market is segmented into sugar substitutes and natural brine
  • On the basis of manufacturing process, the global sugar substitutes market is segmented into conventional mining, vacuum evaporation, and solar evaporation
  • On the basis of application, the global sugar substitutes market is segmented into chemical processing, de-icing, water treatment, oil and gas

Major Players

Data Bridge Market Research recognizes the following companies as the major global sugar substitutes market players in global sugar substitutes market are ADM (U.S.), Tate & Lyle (UK), Pyure Brands LLC (U.S.), PureCircle (Japan), Ajinomoto Health & Nutrition North America, Inc. (U.S.), Alsiano (U.S.), StartingLine S.p.A. (Denmark), NutraSweet Co. (U.S.), MAFCO Worldwide LLC (U.S.), and Matsutani Chemical Industry Co., Ltd. (Japan)

Sugar Substitutes Market

Market Developments

  • In July 2023, Tate & Lyle introduced TASTEVA SOL Stevia Sweetener, a groundbreaking addition to their sweetener range. This innovation, backed by international patents, addresses solubility challenges related to stevia in the food and beverage industry. With a focus on enhancing taste and reducing calories, this product aligns with the increasing consumer demand for healthier and more flavorful sugar-reduced options. Tate & Lyle's commitment to innovation underscores its pivotal role in shaping the landscape of healthier sweetening solutions
  • In April 2022, Tate & Lyle strategically addressed the surging demand for allulose, a rare sugar experiencing widespread popularity following the FDA's decision to exclude it from total and added sugars declarations on nutrition labels. Responding to the heightened interest, the company expanded its allulose production capabilities, showcasing a proactive approach to meet the growing market demand for this favored sugar substitute and aligning with evolving consumer preferences in the food and beverage industry
  • In March 2022, Cargill unveiled a groundbreaking line of stevia products, leveraging EverSweet + ClearFlo technology. This innovative sweetener system seamlessly blends Cargill's stevia sweetener with natural flavors, providing diverse benefits such as flavor profile customization, accelerated dispersion, and improved solubility and stability across various formulations. The introduction marks a significant advancement in the sweetener industry, showcasing Cargill's commitment to delivering cutting-edge solutions that meet evolving consumer preferences and industry demands

Regional Analysis

Geographically, the countries covered in the global sugar substitutes market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in the global sugar substitutes market during the forecast period 2023-2030

Asia-Pacific dominates the global sugar substitutes market, spearheaded by China's leadership in manufacturing. Major industry players derive substantial revenue from China, drawn by significant investments and the nation's robust demand for sugar substitute solutions. As a key player in production and consumption, China's influence amplifies the region's dominance in shaping the dynamics of the global sugar substitute market, reflecting the pivotal role of the Asia-Pacific in this thriving industry.

North America is estimated to be the fastest growing region in the global sugar substitutes market during the forecast period 2023-2030

North America is expected to dominate the global sugar substitutes market, with the United States emerging as the fastest-growing region. The market's robust growth in the U.S. is attributed to heightened consumer awareness about food ingredients. The populace's willingness to invest in healthier products has propelled the demand for sugar substitutes, making the region a key player in the market's rapid expansion, reflecting the significant influence of consumer preferences on the industry's trajectory.

For more detailed information about the global sugar substitutes market report, click here – https://www.databridgemarketresearch.com/reports/global-sugar-substitutes-market


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