Sugar Substitutes Market Growth Motivated By Increasing Sales Of Diverse Sugar Substitutes, Comprising Natural Sweeteners And Synthetic Sweeteners: Radiant Insights, Inc.
Jan 15, 2020, 04:40 ET
SAN FRANCISCO, Jan. 15, 2020 /PRNewswire/ -- Global sugar substitutes market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. The sugar substitute market is witnessing an increasing demand. It is motivated by the increasing sales of diverse sugar substitutes, comprising natural sweeteners and synthetic sweeteners. The manufacturers of foodstuff pick out between the existing sugar substitutes centered on taste concerns, constancy, and price. In more or less cases, mixtures of this substitute are utilized. Supervisory bodies in Europe and the U.S.A, have accepted the usage of stevia sweetener. Thus, demand for the stevia leaf is increasing rapidly. Owing to the absence of fitness drive, the imports of this substitute to India and Indonesia are yet measured low in size. Increasing demand for these products from the manufacturing companies of foodstuff & beverage is expected to support the sugar substitute market in gaining the fantastic grip during the upcoming years.
The Asia Pacific is expected to be an extremely encouraging destination for the manufacturing companies owing to refining way of life of middle-class people together with increasing power of payments of the customers. Moreover, increasing worries amongst fitness sensible populaces are expected to be the important aspects motivating the development. China is one of the most important markets. Existence of a huge number of producers and elderly residents is boosting the demand for sugar substitutes within the nation. North America is amongst the maximum users of sugar substitutes. Increasing alertness regarding the low calorie nourishments and profits of including sugar substitutes in the day-to-day nutrition is expected to increase the demand for these products. The most important cause behindhand reasonable development within the province is increasing stress by controlling organizations on the manufacturers of sugar substitute.
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Growing alertness about consequences of high sugar intake and increasing occurrence of diabetes through the world are composed to upkeep the development of the sugar substitute market. Unstable prices of sugar are likely to generate openings for the manufacturers of sugar substitute all over the world, during the period of forecast. The global sugar substitute market can be classified by Application, Product, Type, and Region. By Application it can be classified as Beverages, Foodstuff, and others. By Product, it can be classified as High fructose syrup, High intensity sweeteners, and Low intensity sweeteners. By Type, it can be classified as Saccharin, Aspartame, Sucralose, Stevia and others.
By Region the global sugar substitute market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2015, North America was the foremost regional market, by means of revenue and it directed 46.3% share of the overall demand. It is expected to lead during the period of forecast owing to growing fatness amongst the residents, increasing occurrence of diabetes, and prosperous business of food processing. Asia Pacific is projected to develop at a CAGR of 7.0% for the duration of the forecast. Increasing problems of fitness due to the ingestion of sugar, existence of developing markets providing profit margins to the important contestants of the market, and increasing per head earnings are motivating the provincial market.
The sugar substitute market in Latin America is expected to touch US$ 1.71 billion in 2024. It is expected to, develop by a CAGR of 5.1% for the duration of the forecast. The development of the area can be credited to the existence of plentiful natural means and the producers of sorbitol.
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Some of the important companies for Sugar Substitutes Market are E. I. DuPont De Nemours, Pure Circle, Ajinomoto Co., Inc., Ingredion Incorporated, Cargill Incorporated, The NutraSweet Company, JK Sucralose Inc., Roquette, Archer Daniels Midland Company, and Tate & Lyle.
Market Segmentation:
- Geographically, global Sugar Substitutes market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Cargill Incorporated
- Dupont
- Archer Daniels Midland Co
- Hermesetas
- Ingredion Incorporated
- JK Sucralose Incorporated
- Roquette Freres SA
- Tate & Lyle PLC
- Danisco
- ADM
- NutraSweet
- BASF
- CJ
- Ajinomoto
- Purecircle
- Macandrews & Forbes Holdings Inc
- Celanese
- Kaifeng Xinghua
- Tianjin Changjie
- On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into
- Natural Sugar Substitute
- Artificial Sugar Substitute
- For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Sugar Substitutes for each application, including
- Food & Beverage
- Pharmaceuticals
- Daily Chemical
- Other
- Production, consumption, revenue, market share and growth rate are the key targets for Sugar Substitutes from 2013 to 2024 (forecast) in these regions
- China
- USA
- Europe
- Japan
- Korea
- India
- Southeast Asia
- South America
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