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Global Sugar Substitutes Market – Industry Trends and Forecast to 2030

Food & Beverage

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Global Sugar Substitutes Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Sugar Substitutes Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 18,222.20 Million
Diagram Market Size (Forecast Year) USD 38,435.95 Million
Diagram CAGR %

Major Markets Players

  • zuChem
  • Ingredion orporated
  • BENEO
  • Cargill
  • DuPont

Global Sugar Substitutes Market, By 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) – Industry Trends and Forecast to 2030.

Sugar Substitutes Market

Sugar Substitutes Market Analysis and Size

A sugar substitute is a food additive that has the same sweet taste as sugar but contains far less food energy than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. They are derived from natural substances found in nature or created artificially using chemicals and preservatives.

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 2023-2030. The sugar substitutes segment is expected to dominate the market.

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.

Sugar Substitutes Market Scope and 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)

Market Opportunities

  • Increasing Health Awareness
  • Rising Demand for Natural and Organic Products
  • Expansion of Low-Calorie and Sugar-Free Product Offerings

Market Definition

A sugar substitute is a food additive that has the same sweet taste as sugar but contains far less food energy than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. They are derived from natural substances found in nature or created artificially using chemicals and preservatives.

Sugar Substitutes Market Dynamics

Driver

  • The Increasing Demand for Healthy Products

Sugar substitutes such as stevia, aspartame, sorbitol, maltitol, neotame, acesulfame, and D-tagatose have less sugar levels, do not raise blood sugar, and do not cause tooth decay or cavities. The growing obesity and diabetic populations are driving market growth, as the government supports sugar substitutes to reduce sugar consumption. The increasing demand for healthy products that support a healthy diet is the primary driver of market growth. Sugar price fluctuations are expected to create opportunities for sugar substitutes manufacturers. As a result of these factors, the market is growing alongside diabetic patients and consumer health consciousness.

Opportunity

  • The Increasing Regulations Implementation from Governments

Governments worldwide are implementing regulations and sugar taxation policies to reduce sugar consumption and combat obesity. Sugar substitutes offer a viable solution for both consumers and manufacturers to comply with these regulations. Companies operating in regions with such policies can benefit from the supportive regulatory environment.

Restraints

  • The Lack of Availability of Sugar Substitutes

However, the decreased availability of sugar substitutes and the development of artificial sweeteners have shifted consumer preferences toward artificial sweeteners, restraining the market. This global 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 global 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.

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.

Global Sugar Substitutes Market Scope

Global Sugar substitutes market is segmented on the basis of source, manufacturing process, and application. The growth amongst these segments will help you analyse 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.

Source

  • Sugar Substitutes
  • Natural Brine

Manufacturing Process

  • Conventional Mining
  • Vacuum Evaporation
  • Solar Evaporation

Application

Global Sugar Substitutes Market Regional Analysis/Insights

The global sugar substitutes market is analysed and market size insights and trends are provided by country, source, manufacturing process and application as referenced above.

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, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the global sugar substitutes market because China is the leader in sugar substitutes manufacturing, and major players generate revenue from China due to high investment and demand for sugar substitute solutions in China.

North America is expected to be the fastest growing region in the market. The United States dominates the market in North America because customers are more concerned about food ingredients and are willing to pay more for healthy products.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 North America 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. 

Competitive Landscape and Global Sugar Substitutes Market Share Analysis

The global 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, global 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 global sugar substitutes market.

Some of the major players operating in the global sugar substitutes market are:

  • 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.)
  • Matsutani Chemical Industry Co., Ltd. (Japan)


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Research Methodology:

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.

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FREQUENTLY ASK QUESTIONS

The sugar substitutes market size will be worth USD 38,435.95 million by 2030 during the forecast period.
The growth rate of the sugar substitutes market is 9.0% by 2030 during the forecast period.
The Increasing Demand for Healthy Products & The Increasing Regulations Implementation from Governments are the growth drivers of the sugar substitutes market.
The Source, manufacturing process, and application are the factors on which the sugar substitutes market research is based.
Major companies in the sugar substitutes market are 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).
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