Sugar Substitute Market to Reach $10.27 Billion by 2026

Fortune Business Insights

Companies covered in the sugar substitutes market are DowDuPont, The NutraSweet Company, JK Sucralose Inc., Pure Circle Limited, Archer Daniels Midland Company, Roquette Frères, Ajinomoto Co., Inc., Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle and others.

Pune India, May 24, 2022 (GLOBE NEWSWIRE) — The world sugar substitutes market The size is expected to reach USD 10.27 billion by 2026, showing a CAGR of 6.3% during the forecast period. Excessive consumption of sugar across the globe is one of the major growth drivers for this market. According to the International Sugar Organization (ISO), global sugar consumption grew by an average of 2.01% per year from 2001 to 2018. In 2018, the ISO notes, global sugar production exceeded global consumption of 6.171 million tons. High sugar consumption has caused the proliferation of lifestyle-induced disorders such as obesity and diabetes. Recognizing this, the World Health Organization (WHO) has recommended reducing the intake of added sugars from 10% to 5% as a portion of energy intake in the daily diet. The sugar substitute market is set to benefit as the demand for sugar substitutes is poised to surge at a steady pace over the next decade.

The above information is provided in a new Fortune Business Insights™ report, titled “Sugar Substitutes Market Size, Share & Industry Analysis by Product Type (Low Intensity Sweeteners, High Intensity Sweeteners, High Fructose Corn Syrup), End Use (Food & Beverage Manufacturers , pharmaceuticals, cosmetics and personal care) and regional forecasts 2019-2026”, which indicates that the market was worth $6.35 billion in 2018. The report shares detailed research and microscopic analysis of all the factors, drivers, possible trends, future prospects and other dynamics that are likely to to influence the market during the forecast period. In addition to this, the report also highlights a general industry overview that will shape the overall growth of this market.

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Leading Players Profiled in the Sugar Substitutes Market Report by Fortune Business Insight™ Include:

Report Scope and Segmentation:

Report attribute

Details

Market size value in 2019

$6.35 billion

Revenue forecasts in 2026

$10.27 billion

Rate of growth

CAGR of nearly 6.3% 2019-2026

Year of reference

2018

Historical years

2015 – 2017

Forecast years

2019 – 2026

Segments Covered

By type, by application, by geography

Forecast units

Value (USD billion) and volume (units)

Quantitative units

Revenue in USD Million/Billion and CAGR from 2021 to 2028

Regions covered

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and Rest of the World

Countries covered

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others

Number of companies covered

DowDuPont, The NutraSweet Company, JK Sucralose Inc., Pure Circle Limited, Archer Daniels Midland Company, Roquette Frères, Ajinomoto Co., Inc., Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle and others.

Report cover

Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.

Scope of customization

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Growing popularity of natural sweeteners to open up new avenues for the market

While artificial sweeteners are mostly used in the majority of foods and beverages around the world, natural sweeteners are slowly gaining traction with consumers due to their excellent health benefits. Their inherent property of sweetening a food or drink without adding calories to the body will be one of the major trends in the sugar substitute market in the near future. For example, honey, the world’s oldest natural sweetener, contains a high amount of antioxidants, is known to prevent cancer, and has probiotic characteristics that aid digestion. Similarly, Stevia, a plant-derived sweetener from South America, is said to be 250 times sweeter than table sugar. However, despite its sweetness, stevia does not raise blood sugar levels and actually helps lower blood pressure and catalyze calcium production in the body.

Strict enforcement of sugar taxes to propel the market in North America and Europe

With a revenue generation of USD 2.39 billion in 2018, North America, followed by Europe, is poised to dominate the sugar substitutes market share in the coming years. The main reason for this dominance will be the introduction of sugar taxes in North America and Western Europe in 2018, which has spurred the development of new sugar-free products in these regions. The Asia-Pacific and Middle East & Africa regional markets are also expected to grow at a considerable rate during the forecast period.

Regulatory support for innovative products to boost competitive spirits

Active regulatory approvals for new creations will bode well for the sugar replacement market, as such measures are likely to encourage companies to innovate. These innovations will help players not only expand their product portfolio, but also strengthen their position in the market.

Key Industry Developments:

April 2019: The US FDA has issued draft guidance to Ingredion Incorporated’s ASTRAEA Allulose which tastes like regular sugar and is 70% similar to sucrose in functionality, but with no calories or sugar.

February 2019: Tata Chemicals introduced its sugar-free and 100% natural sweetener called Tata Nx. The product is derived from stevia and uses lactose as a bulking agent.

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Read related information:

High Intensity Sweeteners Market Size, Share, Industry and Forecast 2029

natural sweeteners market Size, Global Industry Forecast 2029

Sugar liquor market Size, Share | Global Forecast [2020-2027]

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