Non-SUGARY SUBSTANCES HAVE SUGARY BENEFITS ON YOUR HEALTH. Owing to rise in health problems related to sugar consumption the market is projected to reach USD 17.17 billion by 2021
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The Global Sugar Substitutes market has been estimated at USD 13.55 Billion in 2016 and is projected to reach USD 17.17 Billion by 2021, at a CAGR of 4.85% during the forecast period from 2016 to 2021.
A sugar substitute refers to any sweetener that can be used to replace table sugar. The term sugar substitute includes sweeteners like honey, molasses, maple syrup, agave nectar, and others. Also called caloric- or nutritive sweeteners, it is important to remember that their calorie content is about the same as granulated or table sugar.
Depending on the type, these products may have antioxidants, vitamins, and minerals that are not found in plain sugar. They also have different and distinct flavours.
The market for sugar substitutes is mainly increasing due to rise in health problems related to sugar consumption and growing demand for natural high-intensity sweeteners, growing health concerns, raising awareness and preference for low-caloric food and beverage products.Increasing demand healthy and low-calorie food products contribute to the growth of the market.
The market growth can be constrained due to stringent regulatory framework regarding consumption of sugar, intense competition from other companies and other substitutes which is triggering health problems.
Global market for Sugar Substitutes is segmented based on type, composition, and application. By type, the market is further sub-segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. By composition, the market is further sub-segmented into Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol. By application, the market is further sub-segmented into heath & personal care, beverages, food (confectionery, bakery, dairy, and frozen foods). High-intensity sweeteners account for a highest market share and is expected to grow at a CAGR. Its attributes such as cost reduction and appropriate blending with food & beverages to enhance the taste are anticipated to propel the demand in near future. Food segment has the fastest growth, owing to increasing awareness and changing consumer patterns for low-calorie food products.
Geographically, Global market for Sugar Substitutes is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in these regions is quite mature due to rising prevalence of diabetes and obesity, and growing consumer demand for sugar substitutes. Asia Pacific and MEA regions are estimated to achieve highest gains in the near future, followed by Latin America. Emerging economies of these regions are providing lucrative profit margins to the key market
participants, due to which these markets are growing with very high CAGR.
Cargill Incorporated, Tate & Lyle PLC, E. I. du Pont de Nemours and Company, Roquette Freres S.A., PureCircle Ltd., Ajinomoto Co. Inc., Archer Daniels Midland Company, MacAndrews & Forbes Incorporated, Ingredion Incorporation, and JK Sucralose Incorporation, are the major players of Global Sugar Substitutes market.
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