
Sugar Alternatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Description
Sugar Alternatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global sugar alternatives market, valued at US$7 Bn in 2021, is projected to witness substantial growth in the coming years, according to research by Fairfield Market Research. The rising health-conscious population and increasing awareness of the negative impact of conventional sugar on the human body are driving the demand for sugar substitutes, promoting a shift towards healthier and sustainable options.
As the need to reduce dependence on conventional sugar grows, sugar substitutes are gaining popularity as environmentally sustainable and healthy sugar replacers. Evolving lifestyles, an increase in chronic diseases, and a rising diabetic population are collectively driving the sugar alternatives market. The growing health-conscious consumer base worldwide is expected to boost the demand for sugar substitutes significantly. The market reflected modest growth, reaching a value of around US$7 Bn in 2021, and is expected to maintain a healthy pace of growth in the coming years.
Key Report Findings
• The global sugar alternatives market size was around US$7 Bn in 2021.
• Rising health consciousness among consumers is expected to drive the market growth.
• Increasing prevalence of chronic diseases, such as diabetes, is fueling the consumption of sugar alternatives.
• North America is poised to dominate the sugar alternatives industry.
• Innovations across the food and beverages industry are set to augment the growth of the sugar alternatives market.
Growth Drivers
Negative Impact of Conventional Sugar on Human Body, and Rising Diabetes Prevalence
As urbanization and sedentary lifestyles become more prevalent, the negative impact of conventional sugar on the human body has become a significant concern. Increased consumption of calorie-rich foods has led to obesity, cardiovascular disorders, high blood pressure, and diabetes. Rising health consciousness and awareness of diabetes-related risks are driving consumers to opt for low-calorie sweeteners and sugar alternatives, promoting the growth of the market.
Ascending Demand for Plant-based Ingredients
Consumers are increasingly seeking naturally sweet and low-calorie plant-based ingredients, leading to a surge in demand for products like stevia and monk fruit. These natural sweeteners, approved by the FDA GRAS, offer healthier alternatives to synthetic sweeteners. Favourable government policies in various countries further promote the consumption of natural sugar substitutes, contributing to the market's potential growth.
Overview of Key Segments
Food and Beverages Industry at the Forefront
Sugar alternatives are widely used in the food and beverages industry, especially in functional beverages, flavored water, and carbonated drinks. High-intensity sweeteners are also being incorporated in food products to provide sweetness at lower production costs. The growth of the food and beverages industry, particularly in emerging markets of Asia Pacific, is expected to drive the demand for sugar substitutes.
Growth Opportunities Across Regions
North America Jumps in the Bandwagon
North America is expected to hold a significant revenue share in the sugar alternatives market due to increasing awareness of the harmful effects of high sugar consumption and rising diabetes cases. In Asia Pacific, rising health consciousness and government initiatives promoting the consumption of sugar alternatives are driving market growth.
Sugar Alternatives Market: Key Competitors
Major players in the sugar alternatives market include Cargill Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Ajinomoto Co. Inc., International Flavors and Fragrances Inc., JK Sucralose Inc., Roquette Freres, MacAndrews & Forbes Holdings Inc., PureCircle, Archer Daniels Midland Company (ADM), E. I. DuPont De Nemours, and The NutraSweet Company.Please note: the PDF e-mail from publisher version of this report is for a global site license.
Please Note: It will take 5 business days to complete the report upon order confirmation.
Table of Contents
220 Pages
- 1. Executive Summary
- 1.1. Global Sugar Alternatives Market: Snapshot
- 1.2. Future Projections, 2021-2027, (Kilo Tons) (US$ Mn)
- 1.3. Key Segment Analysis and Competitive Insights
- 1.4. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.1.1. Driver A
- 2.2.1.2. Driver B
- 2.2.1.3. Driver C
- 2.2.2. Restraints
- 2.2.2.1. Restraint 1
- 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Government Regulations
- 2.7. Sugar Consumption Trends
- 2.8. Recent Industry Developments
- 2.9. Upcoming Expansions
- 3. Production Output and Trade Statistics
- 3.1. Sugar Alternatives Supply-Demand
- 3.2. Regional Production Statistics
- 3.3. Trade Analysis
- 4. Price Analysis
- 4.1. Key Price Indicators
- 4.2. Price Analysis, by Product
- 4.3. Price Analysis, by Region
- 5. Global Sugar Alternatives Market Outlook, 2018 - 2030
- 5.1. Global Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. High Fructose Corn Syrup (HFCS)
- 5.1.1.2. Polyols
- 5.1.1.3. Aspartame
- 5.1.1.4. Cyclamates
- 5.1.1.5. Sucralose
- 5.1.1.6. Stevia
- 5.1.1.7. AceK
- 5.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 5.1.2. Market Attractiveness Analysis
- 5.2. Global Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Food & Beverages
- 5.2.1.1.1. Bakery & Confectionery
- 5.2.1.1.2. Table-top
- 5.2.1.1.3. Frozen Dessert & Dairy
- 5.2.1.1.4. Soft Drinks
- 5.2.1.2. Personal Care
- 5.2.1.3. Pharmaceuticals
- 5.2.2. Market Attractiveness Analysis
- 5.3. Global Sugar Alternatives Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. North America
- 5.3.1.2. Europe
- 5.3.1.3. Asia Pacific
- 5.3.1.4. Latin America
- 5.3.1.5. Middle East & Africa
- 5.3.2. Market Attractiveness Analysis
- 6. North America Sugar Alternatives Market Outlook, 2018 - 2030
- 6.1. North America Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. High Fructose Corn Syrup (HFCS)
- 6.1.1.2. Polyols
- 6.1.1.3. Aspartame
- 6.1.1.4. Cyclamates
- 6.1.1.5. Sucralose
- 6.1.1.6. Stevia
- 6.1.1.7. AceK
- 6.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 6.2. North America Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Food & Beverages
- 6.2.1.1.1. Bakery & Confectionery
- 6.2.1.1.2. Table-top
- 6.2.1.1.3. Frozen Dessert & Dairy
- 6.2.1.1.4. Soft Drinks
- 6.2.1.2. Personal Care
- 6.2.1.3. Pharmaceuticals
- 6.3. North America Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. U.S.
- 6.3.1.2. Canada
- 7. Europe Sugar Alternatives Market Outlook, 2018 - 2030
- 7.1. Europe Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. High Fructose Corn Syrup (HFCS)
- 7.1.1.2. Polyols
- 7.1.1.3. Aspartame
- 7.1.1.4. Cyclamates
- 7.1.1.5. Sucralose
- 7.1.1.6. Stevia
- 7.1.1.7. AceK
- 7.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 7.2. Europe Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Food & Beverages
- 7.2.1.1.1. Bakery & Confectionery
- 7.2.1.1.2. Table-top
- 7.2.1.1.3. Frozen Dessert & Dairy
- 7.2.1.1.4. Soft Drinks
- 7.2.1.2. Personal Care
- 7.2.1.3. Pharmaceuticals
- 7.3. Europe Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Germany
- 7.3.1.2. France
- 7.3.1.3. U.K.
- 7.3.1.4. Italy
- 7.3.1.5. Spain
- 7.3.1.6. Turkey
- 7.3.1.7. Russia
- 7.3.1.8. Rest of Europe
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Asia Pacific Sugar Alternatives Market Outlook, 2018 - 2030
- 8.1. Asia Pacific Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. High Fructose Corn Syrup (HFCS)
- 8.1.1.2. Polyols
- 8.1.1.3. Aspartame
- 8.1.1.4. Cyclamates
- 8.1.1.5. Sucralose
- 8.1.1.6. Stevia
- 8.1.1.7. AceK
- 8.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 8.2. Asia Pacific Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Food & Beverages
- 8.2.1.1.1. Bakery & Confectionery
- 8.2.1.1.2. Table-top
- 8.2.1.1.3. Frozen Dessert & Dairy
- 8.2.1.1.4. Soft Drinks
- 8.2.1.2. Personal Care
- 8.2.1.3. Pharmaceuticals
- 8.3. Asia Pacific Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. China
- 8.3.1.2. Japan
- 8.3.1.3. South Korea
- 8.3.1.4. India
- 8.3.1.5. Southeast Asia
- 8.3.1.6. Rest of Asia Pacific
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Latin America Sugar Alternatives Market Outlook, 2018 - 2030
- 9.1. Latin America Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
- 9.1.1.1. High Fructose Corn Syrup (HFCS)
- 9.1.1.2. Polyols
- 9.1.1.3. Aspartame
- 9.1.1.4. Cyclamates
- 9.1.1.5. Sucralose
- 9.1.1.6. Stevia
- 9.1.1.7. AceK
- 9.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 9.2. Latin America Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
- 9.2.1.1. Food & Beverages
- 9.2.1.1.1. Bakery & Confectionery
- 9.2.1.1.2. Table-top
- 9.2.1.1.3. Frozen Dessert & Dairy
- 9.2.1.1.4. Soft Drinks
- 9.2.1.2. Personal Care
- 9.2.1.3. Pharmaceuticals
- 9.3. Latin America Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
- 9.3.1.1. Brazil
- 9.3.1.2. Mexico
- 9.3.1.3. Rest of Latin America
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
- 10. Middle East & Africa Sugar Alternatives Market Outlook, 2018 - 2030
- 10.1. Middle East & Africa Sugar Alternatives Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
- 10.1.1.1. High Fructose Corn Syrup (HFCS)
- 10.1.1.2. Polyols
- 10.1.1.3. Aspartame
- 10.1.1.4. Cyclamates
- 10.1.1.5. Sucralose
- 10.1.1.6. Stevia
- 10.1.1.7. AceK
- 10.1.1.8. Misc. (Neotame, Monk Fruit, etc.)
- 10.2. Middle East & Africa Sugar Alternatives Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
- 10.2.1.1. Food & Beverages
- 10.2.1.1.1. Bakery & Confectionery
- 10.2.1.1.2. Table-top
- 10.2.1.1.3. Frozen Dessert & Dairy
- 10.2.1.1.4. Soft Drinks
- 10.2.1.2. Personal Care
- 10.2.1.3. Pharmaceuticals
- 10.3. Middle East & Africa Sugar Alternatives Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
- 10.3.1.1. GCC
- 10.3.1.2. South Africa
- 10.3.1.3. Egypt
- 10.3.1.4. Rest of Middle East & Africa
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
- 11. Competitive Landscape
- 11.1. Company Market Share Analysis, 2021
- 11.2. Competition Matrix (By Tier and Size of companies)
- 11.3. Strategic Collaborations
- 11.4. Company Profiles
- 11.4.1. Ajinomoto Company
- 11.4.1.1. Company Overview
- 11.4.1.2. Product Portfolio
- 11.4.1.3. Financial Overview
- 11.4.1.4. Business Strategies and Development
- 11.4.2. Archer-Daniels-Midland
- 11.4.3. Tianjin North Food Co. Ltd.
- 11.4.4. Shanghai Merry Yang Enterprise Co. Ltd.
- 11.4.5. HOWTIAN LLC
- 11.4.6. HSWT
- 11.4.7. JMC (KISCO Group)
- 11.4.8. Cargill Incorporated
- 11.4.9. Tate & Lyle
- 11.4.10. GLG Life Tech Corporation
- 11.4.11. SinoSweet Co., Ltd.
- 11.4.12. Kaifeng Xinghua Fine Chemical Ltd.
- 11.4.13. PureCircle
- 12. Appendix
- 12.1. Acronyms and Abbreviations
- 12.2. Research Scope & Assumptions
- 12.3. Research Methodology and Information Sources
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.