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Sugar, Substitutes

Emergen Research United Kingdom United States of America Canada

14.10.2020 - 14:32:58

Sugar Substitutes Market Size Worth USD 22.53 Billion by 2027 | CAGR of 4.8%: Emergen Research

VANCOUVER, BC, Oct. 14, 2020 /PRNewswire/ -- The Global Sugar Substitutes Market is forecast to be worth USD 22.53 Billion in 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing awareness among consumers regarding the adverse effects of sugar on health that increase the incidences of diabetes and obesity.

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The rapid urbanization, coupled with the increasing spending power of consumers on processed food and beverages in the developing economies, is most likely to propel the industry's growth of the region. Besides, the presence of a large number of key manufacturers in the Asia Pacific region is also expected to drive the demand of the industry. The increasing investments in R&D to introduce novel products containing blends of sugar substitutes and prebiotics or probiotics are projected to present lucrative opportunities for the emerging players in the industry.

The international stringent quality standards set for sugar substitutes and uncertainty regarding sugar substitutes' adverse effects might hamper the industry's growth. Additionally, the product claim issue might act as a restraint to the growing sales of the product in the global sugar substitute industry over the forecast period. 

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Key Highlights from The Report

In October 2019, ClearFlo, a stevia flavor enhancer, was launched by Cargill. ClearFlo was made in order to meet the requirements of high-intensity sweeteners in the industry. The natural segment held the largest market share of 56.4% in the year 2019. The shift in consumer preferences from synthetic or artificial sugar substitutes towards natural and organic products is expected to drive the growth of the industry. As per the American Sugar Alliance Organization, almost 20% of the U.S. citizens agreed that they prefer natural sugar substitute-based food or drink products. The Low-intensity sweeteners segment is forecast to grow with the fastest CAGR of 5.0% over the forecast period as they are used extensively in the food & beverage industry. The Stevia segment dominated the market for sugar substitutes in 2019 due to its zero calories and zero glycemic index characteristics. For example, over the past five years, approximately 10,000 stevia-based beverages and food products have been introduced, out of which most of the launces included soft drink production. The beverage segment accounted for the largest market share in 2019 due to the increasing demand for natural and sports drinks with nutritional enrichment and low-calorie content. The Asia Pacific region is anticipated to be the fastest-growing region over the forecast period due to the growing disposable income and increasing health-conscious population. Key participants include Cargill, Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company, among others.

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Emergen Research has segmented the Global Sugar Substitutes Market on the basis of origin, type, composition, application, and region:

Origin Outlook (Revenue, USD Billion; 2017-2027)

Artificial/Synthetic Natural

Type Outlook (Revenue, USD Billion; 2017-2027)

High-fructose syrups Low-intensity sweeteners High-intensity sweeteners

Composition Outlook (Revenue, USD Billion; 2017-2027)

Sugar Alcohols Stevia Saccharine Sucralose Cyclamate Aspartame Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Beverage Food Pharmaceuticals Personal care

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Regional Outlook (Revenue, USD Billion; 2017-2027)

North AmericaU.S. CanadaEuropeGermany U.K. France Benelux Rest of EuropeAsia PacificChina Japan South Korea Rest of APACLatin AmericaBrazil Rest of LATAMMiddle East & AfricaSaudi Arabia UAE Rest of MEA

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Sugar Substitutes Market By Origin (Artificial/Synthetic, Natural), By Type (Low-intensity sweeteners, High-intensity sweeteners), By Composition (Sugar Alcohols, Stevia, Saccharine, Sucralose) By Application (Beverage, Food), Forecasts to 2027

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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