Global sugar substitutes market is expected to reach USD 24.82 Billion by 2026 at a CAGR of 5.7% during the forecast period 2019-2026. Mounting demand for sugar substitute products from the food and beverage industry and growing demand for zero-calorie or low-calorie products are the two factors which are propelling the growth of the sugar substitutes market.
Sugar is defined as a carbohydrate which is known for its sweet taste and is derived from various sources such as sugarcane. Monosaccharide (simple sugar), galactose, and fructose are some commonly used of sugar. The sugar consumed by humans is known as sucrose, which – when consumed – will hydrolyse into glucose and fructose. Sugar is mainly used in bakery products, commercial beverages and as a sweetener.
Global Sugar Substitutes Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The sugar substitutes market is segmented on the basis of type, application and nature.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global sugar substitutes market with USD 6.56 Billion in 2018 where as the Asia Pacific a rapidly growing region in the market.
Global Sugar Substitutes Market Competitive Analysis:
Key players in the sugar substitutes market are Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company, E. I. DuPont De Nemours, Ingredion Incorporated, Ajinomoto Co. Inc., Roquette, The Nutra Sweet Company, PureCircle, and JK Sucralose Inc. For instance, in October 2017, GLG Life Tech Corp collaborated with Archer Daniels Midland Co. and launched a new product named Reb M sweetener, made using stevia.
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This study forecasts revenue growth and volume at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global sugar substitutes market on the basis of below mentioned segments:
Global Sugar Substitutes Market, By Type:
Global Sugar Substitutes Market, By Nature:
Global Sugar Substitutes Market, By Application:
Global Sugar Substitutes Market, By Regions:
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