Dublin, April 16, 2019 (GLOBE NEWSWIRE) -- The "Sugar Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global sugar substitutes market reached a value of US$ 15 Billion in 2018. The market is further expected to reach US$ 19 Billion by 2024, expanding at a CAGR of more than 4% during 2019-2024.
Sugar substitutes are constantly replacing sugar in the food and beverage industry owing to the rising awareness of the negative health effects of sugar along with the increasing cases of obesity around the globe. For instance, food manufacturers are introducing low-calorie variants of food products to expand their consumer base.
Several sugar substitutes are safe for diabetic patients as they allow them to enjoy sweet foods without affecting their insulin levels. The rising prevalence of diabetes, especially in the Middle Eastern countries, has further increased the consumption of sugar-free food items, thereby bolstering the growth of the market.
The consumption of sugar results in tooth decay as the bacteria present in dental plaque metabolize sugar and release acid that can damage the teeth enamel. On the contrary, sugar substitutes like stevia provide active dental benefits and hinder the formation of plaque.
Breakup by Product Type
- High-Intensity Sweeteners
- Low-Intensity Sweeteners
- High-Fructose Syrup
Based on types, high-intensity sweeteners are the most popular product type as they provide negligible energy and a more satisfactory texture in comparison with other sugar substitute products. Some of the common high-intensity sweeteners are stevia, aspartame, cyclamate, sucralose and saccharin.
Breakup by Application
- Foods
- Beverages
- Health and Personal Care
Sugar substitutes are commonly used in the production of beverages like energy drinks, instant teas, soft drinks, juices and diet sodas. Fast-paced lifestyle of the working population has increased the consumption of convenient and ready-to-drink beverages, thereby providing a thrust to the market growth.
Breakup by Origin
- Artificial
- Natural
Based on the market segmentation by origin, artificial sugar substitutes hold the largest market share as they are widely used in the preparation of processed foods like baked goods, canned food items, jams, jellies, puddings and candies.
Regional Insights
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the geographical front, North America enjoys the leading position in the market. Hectic lifestyles and high expendable incomes have escalated the obesity rates in the region. Increasing awareness of the benefits of sugar substitutes has further contributed to the growth of the market.
Competitive Landscape
The competitive landscape of the market has been examined in the report with detailed profiles of the key players. Some of the major market players include:
- Tate & Lyle PLC
- Cargill, Incorporated
- PureCircle Ltd.
- Roquette Freres
- DuPont
- Archer Daniels Midland Company
- Ajinomoto Co. Inc.
- Ingredion Incorporated
- Flavors Holding Inc.
- JK Sucralose Inc.
Key Questions Answered
- How has the global sugar substitutes market performed so far and how will it perform in the coming years?
- What are the key regions in the global sugar substitutes market?
- Which are the popular product types in the global sugar substitutes market?
- What are the key application segments in the global sugar substitutes market?
- What are the various stages in the value chain of the global sugar substitutes market?
- What are the key driving factors and challenges in the global sugar substitutes market?
- What is the structure of the global sugar substitutes market and who are the key players?
- What is the degree of competition in the global sugar substitutes market?
- How are sugar substitutes manufactured?
Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sugar Substitutes Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Composition
5.5 Market Breakup by Application
5.6 Market Breakup by Origin
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.12 Price Analysis
6 Market Breakup by Product Type
6.1 High-Intensity Sweeteners
6.2 Low-Intensity Sweeteners
6.3 High Fructose Syrup
7 Market Breakup by Application
7.1 Food Products
7.2 Beverages
7.3 Health and Personal Care
8 Market Breakup by Origin
8.1 Natural
8.2 Artificial
9 Market Breakup by Region
9.1 North America
9.2 Asia Pacific
9.3 Europe
9.4 Middle East and Africa
9.5 Latin America
10 Sugar Substitutes Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Tate & Lyle PLC
11.3.2 Cargill Incorporated
11.3.3 Purecircle Ltd.
11.3.4 Roquette Freres
11.3.5 DuPont
11.3.6 Archer Daniels Midland Company
11.3.7 Ajinomoto Co. Inc.
11.3.8 Ingredion Incorporated
11.3.9 Flavors Holdings Inc.
11.3.10 JK Sucralose Inc.
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