Global $23.96 Bn Sugar Substitutes Markets, Analysis, Forecasts, 2015-2020, 2020-2025 – Long-term Forecast to 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Sugar Substitutes Market Report 2021: COVID-19 Growth and Change” report has been added to ResearchAndMarkets.com’s offering.

The global sugar substitutes market is expected to grow from $17.57 billion in 2020 to $19.00 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The market is expected to reach $23.96 billion in 2025 at a CAGR of 6%.

Major players in the sugar substitutes market are DuPont Nutrition & Biosciences, Archer Daniels Midland Company, Tate & Lyle, Cargill Inc., Ingredion Incorporated, Roquette Freres, PureCircle Ltd, Ajinomoto Co. Inc., JK Sucralose Inc., Stevia Corp., Sweetly Stevia, Kerry Group, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd, and Hunan Nutramax Inc.

The sugar substitutes market consists of sales of sugar substitute products by entities (organization, sole traders, and partnerships) that are chemical or plant-based substances used in food and drinks as additives to enhance sweet flavor. Sugar substitutes provide health benefits due to low calories and can be consumed in a variety of ranges including stevia, aspartame, maltitol, neotame, and others. Sugar substitutes are used in breakfast cereals, pudding, tea, and other sweet beverages.

The main types of sugar substitutes are high-intensity sugar substitutes, low-intensity sugar substitutes, and high fructose syrup. High-intensity sugar substitutes are sweeteners with greater intensity of sweetness compared to regular sugar. High-intensity sugar substitutes are used as sweeteners in food in low quantity and contribute few calories.

High-intensity sugar substitutes come in different forms including aspartame, sucralose, neotame, acesulfame, potassium, and advantame. The origin of sugar substitutes is from natural and artificial sources and is available in solid and liquid forms. Sugar substitutes are used in food, beverages, nutrition and supplements, pharmaceuticals, animal feeds, and personal care.

North America was the largest region in the sugar substitutes market in 2020. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The development of the fermentation process is a key trend gaining popularity in the sugar substitutes market. The fermentation process is increasingly being used to develop sugar substitute products from the stevia plant. Fermentation is being used by scientists as a unique method for making Rebaudioside M (Reb-M) to sustain the purity and sweetness of sugarcane in natural sugar substitute similar to regular sugar.

The increasing prevalence of obesity and diabetes among the population is propelling the growth of the sugar substitutes market. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Sugar substitutes help controlling high blood pressure, body weight, and blood sugar levels in patients facing diabetes or obesity health issues.

Key Topics Covered:

1. Executive Summary

2. Sugar Substitutes Market Characteristics

3. Sugar Substitutes Market Trends and Strategies

4. Impact of COVID-19 On Sugar Substitutes

5. Sugar Substitutes Market Size and Growth

5.1. Global Sugar Substitutes Historic Market, 2015-2020, $ Billion

5.1.1. Drivers of the Market

5.1.2. Restraints On the Market

5.2. Global Sugar Substitutes Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers of the Market

5.2.2. Restraints On the Market

6. Sugar Substitutes Market Segmentation

6.1. Global Sugar Substitutes Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• High Intensity
• Low Intensity
• High Fructose Syrup

6.2. Global Sugar Substitutes Market, Segmentation by Origin, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Natural
• Artificial

6.3. Global Sugar Substitutes Market, Segmentation by Form, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Solid
• Liquid

6.4. Global Sugar Substitutes Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Food
• Beverages
• Nutrition and Health Supplements
• Pharmaceuticals
• Animal Feed
• Personal Care

7. Sugar Substitutes Market Regional and Country Analysis

7.1. Global Sugar Substitutes Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Sugar Substitutes Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

• Ajinomoto Co. Inc.
• Archer Daniels Midland Company
• Biosweet Ventures
• Cargill Inc.
• DuPont Nutrition & Biosciences
• Hunan Nutramax Inc.
• Ingredion Incorporated
• JK Sucralose Inc.
• Kerry Group
• PureCircle Ltd
• Roquette Freres
• Shan

For more information about this report visit https://www.researchandmarkets.com/r/b3x5lq

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