PUNE, India, November 5, 2015 /PRNewswire/ --
The report "Sugar Substitutes Market by Type (HIS, LIS, HFS), Composition (Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol, Mannitol), Application (Beverages, Food, Health & Personal Care), & by Region - Forecast to 2020", published by MarketsandMarkets, The Sugar Substitutes Market is projected to reach USD 16.53 Billion by 2020, at a CAGR of 4.5% from 2015.
Browse 103 market data Tables and 56 Figures spread through 174 Pages and in-depth TOC on "Sugar Substitutes Market"
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The market report defines and segments the Sugar Substitutes Market on the basis of type, composition, product, application, and region, with analyses and projections of the market size of each of these segments, (USD Million) and (KT). It also identifies the driving and restraining factors for the Sugar Substitutes Market with analyses of the trends and opportunities.
Modern consumers are more health-conscious and prefer healthy, but low-caloric food products. Regular sugar which is high in calories is being replaced by a vast array of sugar substitutes in the food & beverage industry. The food & beverage industry is increasingly replacing sugar or corn syrup with other sugar substitutes in a range of products traditionally containing sugar. Examples of commonly consumed foods with sugar substitutes include diet sodas, cereals, dietary foods, and sugar-free desserts such as ice cream and whipped cream, among others.
The primary factor driving the Sugar Substitutes Market is the rise in demand for low-calorie products and growing awareness about the benefits of sugar substitutes. Sugar substitutes are widely used in processed foods such as baked goods, soft drinks, powdered drink mixes, candy, puddings, canned foods, jams and jellies, dairy products, ice creams, and beverages.
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The global demand for sugar substitutes is on the rise, particularly in the beverages industry. The demand is governed by their performance quality, their incorporation in food processing, sweetness intensity, and regulations imposed by international and local governments.
The global Sugar Substitutes Market is also dependent on the natural sugar market. Changes in the consumption of sugar either create opportunities or pose threats for the Sugar Substitutes Market. Fluctuations in sugar prices and supply are the major factors affecting the Sugar Substitutes Market. The Sugar Substitutes Market includes a variety of products used by companies to replace sugars in various food, beverage, and healthcare applications.
Key market players adopted new product launches, acquisitions, expansions, and agreements, collaborations & joint ventures as their preferred strategies to sustain in the market.
The Sugar Substitutes Market is projected to reach USD 16.53 Billion by 2020, at a CAGR of 4.5% from 2015. North America is estimated to be the largest market for sugar substitutes in 2015. The Asia-Pacific region is projected to be the fastest-growing market, at a CAGR of 5.5% during the review period. This growth is mainly driven by the increasing beverage, food, and health & personal care industries, particularly in developing countries such as India, Japan, China, South Korea, and the other Asian countries.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.), E. I. du Pont de Nemours and Company (U.S.), Roquette Freres S.A. (France), and PureCircle Ltd. (Malaysia). Other key companies that are active in the market include Ajinomoto Co. Inc. (Japan), Archer Daniels Midland Company (U.S.), MacAndrews & Forbes Incorporated (U.S.), Ingredion Incorporation (U.S.), and JK Sucralose Incorporation (China).
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