The global sugar substitutes market was estimated at $11,538.6 million in 2014 and is expected to reach $14,355.0 million by 2019, growing at a CAGR of 4.5% for the same period.
Dallas, TX -- (SBWIRE) -- 07/17/2014 -- The report “Sugar Substitutes Market by Type (HFS, HIS & LIS), by Sub-type (Stevia, Sorbitol, Tagatose, Aspartame, Saccharine, Sucralose, Xylitol & Others) & by Application (Healthcare & Personal Care, Beverage, & Food) - Global Trends, Forecasts to 2019” defines and segments the global sugar substitutes market with analysis of current demand and forecasted consumption in terms of volume and revenue. It also identifies the driving and restraining factors for the global sugar substitutes market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented on the basis of type, sub-type, and application segments for sugar substitutes.
Browse 128 market data tables and 22 figures spread through 253 pages and in-depth TOC on “Sugar Substitutes Market - Global Trends, Forecasts to 2019”
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The sugar substitutes market is estimated to reach $11,538.6 million in 2014. This value is expected to reach a value of $14,355.0 million by 2019, at a CAGR of 4.5% for the forecasted period. North America was expected to lead the global sugar substitutes market with a share of 49.0% followed by Asia-Pacific (26.4%), and Europe (21.1%), in terms of value, in the year 2014.
The global sugar substitutes’ market is dominated by the North American region. The demand for low caloric foods and low intensity sweeteners drives the North American market, estimated to grow at a CAGR of 3.9%. A high rate of adoption of stevia by manufacturers drives the European market to grow at a healthy CAGR of 4.8% from 2014 to 2019. The growing F&B market and resultant demand for LIS and HIS drives the APAC market. The Brazilian food industry demand drives the market for LIS and HIS, especially for beverage applications.
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The global sugar substitutes market is dominated by few major companies including Tate & Lyle plc (U.K.), PureCircle (Malaysia), Cargill Inc. (U.S.), and Merisent (U.S.). New product developments and investments in R&D have set the sugar substitutes market on a new dimension, thus leading to growth hand in hand with the global sweetener market. PepsiCo (U.S.), PureCircle, Tate & Lyle, and Cargill have been at the forefront for product innovations and R&D activities, especially for stevia products. These market leaders approximately hold a 60% share in the global sugar substitutes market. Tate & Lyle and JK Sucralose are the global leaders in the sucralose segment. Pure Circle dominates the stevia segment. Cargill Inc. and Roquette Freres (France) are dominant in the sugar polyols market segment.
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