Global sugar substitutes market was worth USD 15.41 billion in 2020 and is anticipated to register a healthy CAGR over the forecast period to attain notable returns by the year 2026.

Industry Snapshot:

• Shifting lifestyle trends and increasing consumption of natural sugar substitutes among consumers due to growing cognizance of health benefits are the major growth determinants.
• Growing rate of obesity as well as rising prevalence of diabetes may increase the demand for sweeteners, thus augmenting market growth during 2021-2026.
• Soaring demand for sugar substitutes from an array of verticals, including food & beverage, medicines, and dental, is expected to augment industry size in the coming years.
• Compliance with international quality guidelines and standards for sugar substitutes products may hamper worldwide sugar substitutes market outlook during the forecast period.

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Segmental overview:

Origin	Natural Sweeteners
	Artificial Sweeteners
Product Type	High Fructose Syrup
	Low Intensity Sweeteners
	High Intensity Sweeteners
Application	Health & Personal Care
	Food Products
	Beverages
Regions	Latin America and Middle East & Africa
	Asia Pacific
	Europe
	North America

 

Window to the future:

• Asia Pacific sugar substitutes market is slated to grow significantly over 2021-2026, owing to rapid rate of urbanization, growing awareness about health benefits among consumers, rising consumption of better-quality food, and improved purchasing power of individuals in the region.

Explainer:

A sugar substitute is an ingredient added to food that has a similar sweet flavor to sugar but much less calories than sugar-based sweeteners, making it a low-calorie or zero-calorie sweetener.

The COVID-19 pandemic had severe repercussions on global economy, not barring the sugar substitutes industry. Increasing efforts from leading players toward safe development of product as well as maintaining regulator standards are likely to bolster market growth over 2021-2026.

The leading market players are JK Sucralose Inc., Roquette Freres SA, Cargill Incorporated, Zydus Wellness Ltd., Ajinomoto Co. Inc., Ingredion Incorporated, DuPont de Nemours Inc., Tate & Lyle plc, Whole Earth Brands Inc., and Archer-Daniels-Midland Company.

Concluding lines:

Market researchers collect and examine information about consumers, rivals, and distributors to aid companies in expanding their regional foothold. MarketStudyReport has a report titled ‘Global Sugar Substitutes Market (2021 Edition) - Analysis By Origin (Natural, Artificial), Product Type HIS, LIS, HFS), Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which focuses on the key developments, potential expansion opportunities, and difficulties in this sector. This report was created following a thorough examination and offers all the details needed by companies working in this industry.