The global sugar substitutes market size is expected to reach USD 10.27 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. In 2018, the market value stood at USD 6.35 billion. Increased customer awareness of health issues would drive the demand for healthy food options, shares Fortune Business Insights™ in its report, titled “Sugar Substitutes Market Size, Share and Global Trend By Product Type (Low-Intensity Sweeteners, High-Intensity Sweeteners, High Fructose Corn Syrup), End Use (Food & Beverage Manufacturers, Pharmaceuticals, Cosmetics & Personal Care) & Geography Forecast till 2026”.
The market is primarily expanding as people become more conscious of the adverse health effects of synthesis sugar, which contribute to obesity and diabetes. Sugar replacements such as stevia, aspartame, sorbitol, and D-tagatose, on the other hand, do not raise blood sugar levels immediately, contain little to no calories, and do not cause tooth decay or cavities. As a result, a growing prevalence of diabetes and improving customer health-consciousness are the primary drivers of this business. Furthermore, with the help of government agencies and other governmental bodies, the public is being nudged to use sugar substitutes to reduce sugar intake due to the harmful effects of refined sugar.
Report Highlights:
The report offers comprehensive analyses of companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/sugar-substitutes-market-100261
Drivers & Restraints:
Rising Consumer Demand for Low-Calorie Beverages Choices to Fuel Market Growth
The rising demand for zero-calorie or low-calorie foods and beverages, combined with increased consumer knowledge of sugar substitutes, is one of the leading factors driving this market's growth. Sugar replacements are commonly used in beverages, ice creams, powdered drink mixes, puddings, sauces, jellies, candies, dairy products, and other refined foods. Consumers are more health-conscious these days, and they choose to eat a balanced diet. Table sugar, for instance, which is high in calories, is increasingly being replaced by natural sugar alternatives derived from ingredients such as honey and maple syrup in the food and beverage industry.
Sugar substitutes are also being used to replace corn syrup and refined sugar in diverse food applications such as cakes, canned foods, and jams. For example, xylitol is a sugar alcohol that has a similar sweetness to sugar. It comes from corn or birch wood and can be used with a variety of fruits and vegetables. The absence of fructose, the key ingredient responsible for the majority of sugar's negative effects, renders xylitol a promising sugar replacement, including improved dental health.
Segments:
Based on type, the market is segmented into aspartame, acesulfame potassium, saccharin, sucralose, stevia, sugar alcohols, and others. Based on application, the market is categorized into food & beverages, pharmaceuticals, and personal care, and cosmetics. By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The global sugar substitutes market size is expected to reach USD 10.27 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. In 2018, the market value stood at USD 6.35 billion. Increased customer awareness of health issues would drive the demand for healthy food options, shares Fortune Business Insights™ in its report, titled “Sugar Substitutes Market Size, Share and Global Trend By Product Type (Low-Intensity Sweeteners, High-Intensity Sweeteners, High Fructose Corn Syrup), End Use (Food & Beverage Manufacturers, Pharmaceuticals, Cosmetics & Personal Care) & Geography Forecast till 2026”.
The market is primarily expanding as people become more conscious of the adverse health effects of synthesis sugar, which contribute to obesity and diabetes. Sugar replacements such as stevia, aspartame, sorbitol, and D-tagatose, on the other hand, do not raise blood sugar levels immediately, contain little to no calories, and do not cause tooth decay or cavities. As a result, a growing prevalence of diabetes and improving customer health-consciousness are the primary drivers of this business. Furthermore, with the help of government agencies and other governmental bodies, the public is being nudged to use sugar substitutes to reduce sugar intake due to the harmful effects of refined sugar.
Report Highlights:
The report offers comprehensive analyses of companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/sugar-substitutes-market-100261
Drivers & Restraints:
Rising Consumer Demand for Low-Calorie Beverages Choices to Fuel Market Growth
The rising demand for zero-calorie or low-calorie foods and beverages, combined with increased consumer knowledge of sugar substitutes, is one of the leading factors driving this market's growth. Sugar replacements are commonly used in beverages, ice creams, powdered drink mixes, puddings, sauces, jellies, candies, dairy products, and other refined foods. Consumers are more health-conscious these days, and they choose to eat a balanced diet. Table sugar, for instance, which is high in calories, is increasingly being replaced by natural sugar alternatives derived from ingredients such as honey and maple syrup in the food and beverage industry.
Sugar substitutes are also being used to replace corn syrup and refined sugar in diverse food applications such as cakes, canned foods, and jams. For example, xylitol is a sugar alcohol that has a similar sweetness to sugar. It comes from corn or birch wood and can be used with a variety of fruits and vegetables. The absence of fructose, the key ingredient responsible for the majority of sugar's negative effects, renders xylitol a promising sugar replacement, including improved dental health.
Segments:
Based on type, the market is segmented into aspartame, acesulfame potassium, saccharin, sucralose, stevia, sugar alcohols, and others. Based on application, the market is categorized into food & beverages, pharmaceuticals, and personal care, and cosmetics. By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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