Sugar substitutes are also known as artificial sweeteners used to sweeten foods and beverages instead of sugar. Sugar substitutes are used widely in the processed food industry for the production of soft drinks, baked goods, candy, puddings, canned foods, jams & jellies, powdered drink mixes and other beverages. These substitutes help in weight control and diabetes. Artificial sweeteners are not carbohydrates. So unlike sugar, sugar substitutes do not raise blood sugar levels. Improving food appearance, color, taste and texture are some of the other benefits of sugar substitutes. As sugar substitute is used as an alternative to natural sugar, it can minimize the negative effects associated with the intake of sugar.
MARKET DYNAMICS
The market for sugar substitutes is growing steadily owing to Increasing awareness about the repercussions of high sugar consumption and improving the living standards of the middle-class population. In addition, the high spending power of consumers coupled with the rising prevalence of diabetic diseases globally is anticipated to propel the demand for sugar substitutes over the forecast period. Likewise, fluctuation in the prices of sugar is expected to provide a lucrative growth opportunity for the market players in the coming years. However, higher prices and lack of awareness in developing and underdeveloped countries are the key factors hampering the growth of the sugar substitute market.
MARKET SCOPE
The "Global Sugar Substitutes Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sugar substitutes market with detailed market segmentation by type, nature, end-user industry and geography. The global sugar substitutes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sugar substitutes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sugar substitutes market is segmented on the basis of type, nature and end-user industry. Based on type the global sugar substitutes market is divided into, high intensity sweeteners, low intensity sweeteners and high fructose corn syrup. Based on nature, the global sugar substitute market is categorized into, organic and conventional. On the basis of end-user industry, the global sugar substitutes market is segmented into, food & beverage, cosmetics & personal care and pharmaceuticals. The food & beverage segment is further bifurcated into, bakery, confectionery, dairy, ready-to-eat snacks, soft drinks and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sugar substitutes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sugar substitutes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sugar substitutes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the sugar substitutes market in these regions.
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MARKET PLAYERSThe reports cover key developments in the sugar substitutes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sugar substitutes market are anticipated to lucrative growth opportunities in the future with the rising demand for sugar substitutes in the global market. Below mentioned is the list of few companies engaged in the sugar substitutes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sugar substitutes market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-Ajinomoto Co. Inc.
-Archer Daniels Midland Company
-Cargill Incorporated
-E. I. DuPont De Nemours
-HYET Sweet S.A.S.
-Ingredion Incorporated
-JK Sucralose Inc
-PureCircle
-Roquette Frères
-Tate & Lyle PLC,
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