Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 8.78 |
| USD 18.41 | |
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Asia-Pacific Sugar Substitutes Market, By Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others) – Industry Trends and Forecast to 2030.
Due to their links to an imbalanced calorie intake, obesity, diabetes, and metabolic syndrome have all become major public health issues. Sugar substitutes are essential for calorie reduction as part of a healthy diet and physical activity regimen to combat the conditions mentioned above.
Data Bridge Market Research analyses that the sugar substitutes market was valued at 8.78 billion in 2022 and is expected to reach the value of USD 18.41 billion by 2030, at a CAGR of 9.7% during the forecast period of 2023 to 2030. 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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others)
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Countries Covered
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China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, Rest of Asia-Pacific
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Market Players Covered
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zuChem Inc. (U.S.), Ingredion Incorporated (U.S.) BENEO (Germany), Cargill, Incorporated (U.S.), DuPont (U.S.), Foodchem International Corporation (China), JK Sucralose Inc. (India), HSWT (France), Roquette Frères (France), Mitsui Sugar Co.,Ltd (Japan) ADM (U.S.), Tate & Lyle (U.S.), Pyure Brands LLC (U.S.) Ajinomoto Health & Nutrition North America, Inc. (U.S.), StartingLine S.p.A. (Italy), Mafco Worldwide LLC (U.S.)
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Opportunities
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Market Definition
A sugar substitute is a food additive that tastes similar to sugar but has far fewer calories than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. They are either derived from natural substances found in nature or created artificially with chemicals and preservatives.
Drivers
Sugar substitutes are commonly used in beverages such as soft drinks or carbonated beverages, flavouring juices, and other food products as sugar substitutes. Natural sugar substitutes are becoming more popular in the Asia-Pacific as consumer tastes shift toward organic-based foods and beverages. Natural sugar is a low-calorie sweetener derived from plants such as stevia, monk fruits, and others that is 200 times sweeter than sugar. Sugar substitutes' advantages, as well as their organic advantages, have aided market growth.
The market is also being driven by the increased use of sugar substitutes in various end-use applications such as pharmaceuticals, cosmetics, food, feed, ethanol production, and others. It can be used as a water-retention agent in personal care and cosmetics serums and a nutritional supplement in pharmaceutical products like syrups and injections. Strong R&D combined with technical capabilities has driven the company and as a result, crystalline sugar demand has grown over time.
Opportunities
Growing technological innovation in the food processing sector and increasing demand for nutritional snack bars will drive market expansion. Sugar substitute producers are expected to benefit from sugar price fluctuations. As a result of these factors, the market is increasing in tandem with the number of diabetic patients and consumer health awareness.
Restraints
However, many scientists believe that consuming too many sugar substitutes can lead to serious health problems such as type II diabetes, heart disease, obesity, and, in some cases, cancer. Sugar substitute availability has decreased, and the development of artificial sweeteners has shifted consumer preferences concerning artificial sweeteners, limiting market growth.
This sugar substitutes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sugar substitutes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The pandemic of COVID-19 disease is becoming a major impediment to the Asia-Pacific economy, with implications for the food and beverage industry's growth. Major food producers have reduced production of major food products. Furthermore, as people look for ways to improve their overall health and well-being, there is a rapid increase in demand for less sugary and immunity-boosting products as a result of the COVID-19 pandemic, and most health-conscious customers have turned to low-calorie or sugar-free foods. Manufacturers and product formulators have been forced to use sugar substitutes as a result of rising health consciousness and high demand for sugar-reduced solutions among the Asia-Pacific population.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The sugar substitutes market is segmented on the basis of type, form, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Form
Category
Application
The sugar substitutes market is analyzed and market size insights and trends are provided by country, type, form, category and application as referenced above.
The countries covered in the sugar substitutes market report are China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, and Rest of Asia-Pacific.
The Asia-Pacific sugar substitutes market is dominating the market due to growing awareness programmes conducted by sweetener manufacturers encouraging consumers to use low-caloric sugar instead of traditional sugar in their daily diet.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The sugar substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sugar substitutes market.
Some of the major players operating in the sugar substitutes market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Sugar Substitutes Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Sugar Substitutes Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.