Market Snapshot:
A sugar substitute is referred to as a food additive that provides a sweet taste exactly like sugar while containing almost less food energy than the sugar-based sweeteners, making it a low-calorie or zero-calorie sweetener. Artificial sweeteners basically derived through the manufacturing of the plant extracts or processed by the synthesis of chemicals. The sugar substitute market is projected to grow in developing countries due to the rise in health problems due to sugar consumption and increasing awareness & preference for low-calorie food and beverage products. Increasing population and disposable income in developing Asian countries are also driving the demand for sugar substitutes. This growth in the sugar substitutes market can also be attributed to the increasing use of sugar substitutes in the health & personal care industries.
Market Drivers
- Consumer Preference for Low-Calorie and Healthier Foods
- Increasing Health Problems Due to Consumption of Sugar
- Increasing Demand for Natural Sweeteners Due to Consumer Inclination Towards Natural Products
Market Trend
- Demand From Food and Beverages Industries
- Consumer Demand for the Natural Sugar Substitute Products
Restraints
- Adherence to International Quality Standards and Regulations for Sugar Substitute Products
- Ambiguity Whether Consumption of Sugar Substitutes Causes Health Problems Or Not
The Sugar Substitutes market framework should serve as a basic structure to support the strategic decision-making process for Vendors. For instance, the question of whether a Vendors wants to expand in other areas of the market value chain would fundamentally determines its strategy.
What is the current setup of the Sugar Substitutes Industry, and what is its growth trajectory through 2026?
Trends that might impact the resulting strategic moves of the Vendors
How can Vendors take advantage of the changing market dynamics and capture new opportunities lying in Sugar Substitutes market?
The key Vendors profiled in the report are Ajinomoto Co. Inc. (Japan), Archer Daniels Midland Company (United States), Cargill Incorporation (United States), E. I. du Pont de Nemours and Company (United States), MacAndrews & Forbes Incorporated (United States), Ingredion Incorporation (United States), JK Sucralose Incorporation (China), PureCircle Ltd.(Malaysia), Roquette Freres S.A. (France) and Tate & Lyle PLC (United Kingdom). Additionally, other players that are part of this comprehensive study are Hermesetas, Danisco, NutraSweet and Celanese.