Global Sugar Substitutes Market is predictable to reach USD 21.02 billion by 2025, from USD 14.22 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Pune, India -- (SBWIRE) -- 07/21/2018 -- This report studies the Global Sugar Substitutes Market status and forecast, categorizes the global sugar substitutes market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
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Sugar substitutes are sweet food additives taste like sugar. These substitutes are characterized by having significantly lower calories than compared to sugar. Sugar substitutes are incorporated in various foods beverages, confectionary, baked products, dairy products, frozen food, and health and personal care products. The increasing demand for healthy and low-calorie food products contributes to the growth of the market. According to an article published by IBEF the personal care market is expected to grow with the market value of USD 20 billion by the year 2025.
It also reported that about 62 % of young consumers in big cities prefer beauty and grooming products online whereas, 45 % of consumers tend to buy cosmetic, apparel items from any shop of their convenience which has also affected the growth of the market in health & personal care sector. The major players in the sugar substitutes market are making various developments such as launch of new products, opening new research and development centres, and new plants for contributing to the growth of the sugar substitutes market. Tate & Lyle PLC ('Tate & Lyle'), a leading global provider of speciality food ingredients and solutions and also major player of the market has launched new product under the brand name DOLCIA PRIMA Allulose, which is a low-calorie rare sugar that provides the sensory experience of sugar without the calories.
Major Market Drivers and Restraints:
- Consumer Preference for low-calorie and healthier foods
- Increasing health problems due to consumption of sugar
- Increasing demand for natural sweeteners due to consumer inclination towards natural products
- Demand from food and beverages industries
- Fluctuations in price and supply of sugar creating opportunities for sugar substitutes
- Adherence to international quality standards and regulations for sugar substitute products
- Ambiguity whether consumption of sugar substitutes causes health problems or not
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TABLE OF CONTENTS
1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL POWER BANK MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS
3. MARKET OVERVIEW
3.1. DRIVERS
3.1.1. INCREASE IN PURCHASING POWER
3.1.2. DETERIORATION IN THE PRICES
3.1.3. GROWING USAGE OF SMART PHONES, TABLETS AND LAPTOPS
3.1.4. TECHNOLOGICAL ADVANCEMENTS IN POWER BANK MARKET
3.2. RESTRAINTS
3.2.1. POOR QUALITY OF POWER BANKS
3.2.2. COUNTERFEIT OF POWER BANK PRODUCTS
3.3. OPPORTUNITY
3.3.1. INTRODUCTION OF SOLAR AND HYDROGEN FUEL CELL BASED POWER BANKS
3.4. CHALLENGES
3.4.1. GROWING COMPETITION
3.4.2. INCREASING COST OF RECYCLING LITHIUM ION BATTERIES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. Global Sugar Substitutes Market: Regulatory Scenario
7. Global Sugar Substitutes Market, By Type
8. Global Sugar Substitutes Market, By Composition
9. Global Sugar Substitutes Market, By Application
10. Global Sugar Substitutes Market, By Geography
11. Global Sugar Substitutes Market, Company Landscape
12. Company Profiles
13. Related Reports
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