The global Sugar substitutes Market was valued at $14.8Billion in 2017 and is forecast to grow at a modest 5.2% CAGR between 2018 and 2025, culminating in 2025 global sales of $23.4Billion.
Sugar substitutes is a food addictive which tastes like sugar with low calories. It adds the sweeten taste in the flavorof foods &drinks. Sugar substitutes are obtained by nature &rest are obtained synthetically. Artificial sweeteners are obtained synthetically& very helpful to diabetes for not raise blood sugar levels. It is used in many processed drinks &foods including dairy, soft drink, canned food products, ice cream & beverages, sugar-free desserts.
Some sugar substitutes like stevia, Xylitol, Erythritol, Yacon syrup are good for health. Stevia is 100 percent natural which contains zero calories &helps to lower blood sugar & blood pressure levels.xylitol contains forty percent fewer calories than sugar & offer dental benefits. Erythritol is exactly like sugar specially for who have overweight& Diabetes. Yacon syrup contains one-thirdof sugar it is helpful for weight loss it cannot be used for cooks & bakes because it contains fructooligosaccharides.
“Optimal Price Point (OPP) for Sugar substitutes Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in theU.S.Sugar substitute materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Sugar substitutes “by Product Types”
We have segmented the Sugar substitute based on Product types as High-intensity sweetener, Low-intensity sweetener, high fructose syrup.
High-intensity sweeteners are many times sweeter than sucrose smaller amounts of sweeteners are required to get the taste of sweetness in food. People use for a number of reasons like low calories, maintaining the blood sugar level.
Low-intensity sweeteners are often used as substitutes for sugar. And due to the rising cases of diabetes and obesity, the low-intensity sweeteners are in high demand, especially since they do not affect them.
Insulin levels after intake. They come in different variants and are used in a number of applications, especially beverages and food.
Fructose is also a simple sugar, which is obtained from fruits & some root vegetables (beets, sweet potatoes, parsnips, and onions) and honey.It has been added as a monosaccharide & bonded with glucose. Fructose is the sweetest of all naturally occurring sugars
Sugar substitutes by “Applications”
We have segmented the Sugar substitute market based on Application asFood & Beverage Sugar substitute are used in many applications like frozen food, beverages, bakery confectionary, dairy, pharmaceuticals.
We are observing an increased demand for these artificial sweeteners in the beverage industry. Younger generation’s demand for drinks and desire to remain fit creating a new market for artificial sweeteners. It is expected to grow at a CAGR of 12.5% during the forecasting period.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Sugar substitute followed by EU-Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Europe. In 2017, North America has the major market share followed by Asia-Pacific. Due to food processing industry, rising prevalence of diabetes, and increasing obesity among the population.AsiaPacific is expected to have the growth such as India, China, Japan encouraging providing profit margins to key market participants, and rising disposable income is driving the regional market.
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include Nutra sweet, Tate & Lyle, Hearthside, Hyetsweet; Archer Daniels Midland Company, Ingredion Incorporated, JK Sucralose Inc, E. I. DuPont De Nemours are few major players in Sugar substitute markets. The market for sugar substitutes is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Sugar substitutes by Product type(Revenue, Million, 2014 – 2025)
- High-Intensity Sweetener
- Low-Intensity sweetener
- High Fructose syrup
Sugar substitutes by Application(Revenue, Million, 2014 – 2025)
Sugar substitutes market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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