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The global sugar alternatives market size equaled US$7 Bn in 2021 and is likely to rise high at a healthy pace in the upcoming years. Research predicts a consistently growing health-conscious population will continue to drive the market ahead.
Market Analysis in Brief
Critically rising need to reduce the dependence on conventional sugar has set the stage for sugar substitutes that being increasingly considered as environmentally sustainable, as well as healthy sugar replacers. Evolving lifestyles, soaring chronic disease prevalence, and an exploding pool of diabetic population collectively drive the sugar alternatives market ahead. In the light of the consistently expanding health-conscious consumer clustre around the world, demand for products that are potentially the sugar substitutes will ascend at a notable pace. This report intends to analyse diverse aspects of the market and the insights offered in this report will aid in market growth examination over the forecast timeline. The sugar alternatives industry reflected modest growth and per industry figures stood at around US$7 Bn in terms of value in 2021. The preliminary findings of the report suggest a healthy, promising pace of growth for the sugar substitutes industry over the course of next few years.
Key Report Findings
Growth Drivers
Negative Impact of Conventional Sugar on Human Body, and Rising Diabetes Prevalence
As urbanisation gains steam, so do the lives of individuals who are facing a fast-paced lifestyle. Since recent past, individuals are leading a sedentary lifestyle owing to office work and lack of work out and exercise. That said, small imbalance in food intake on a regular basis can lead to severe chronic ailments including obesity and diabetes. Moreover, this can also result in energy imbalance making the body weak and prone to allergies and diseases.
In addition, increased consumption of food products that are calorie rich leads to accumulation of free radicals and fats further causing obesity. This consequently can result in health issues such as cardiovascular disorders, high blood pressure, type-2 diabetes, and even cancer.
However, awareness regarding these conditions, and a growing tendency to lead a sedentary lifestyle has also been increasing owing to various factors, mainly social media platforms. This has led to a transition towards consumption of low-calorie sweeteners used in the food and beverages industry, in turn aiding the growth of the sugar alternatives market.
Furthermore, rising prevalence of diabetes across the globe is fuelling the demand for alternatives of sugar. Diabetes has remained a major chronic metabolic disease and one of the factors responsible for mortalities worldwide. Rising cases of diabetes have been a major cause of concern among individuals. For instance, according to the World Health Organization, approximately 422 million individuals live with diabetes and around 1.5 million mortalities are directly related to diabetes on the global front.
Moreover, as per International Diabetes Federation, 1 in 8 adult individuals, representing about 783 million would be suffering from diabetes by 2045. This is mainly owing to the rising ageing population, rising obesity and overweight prevalence and reduced levels of physical activities backed by growing urbanisation. This has resulted in the demand and consumption of alternatives of sugar that contain low calories while providing sugar like sweetening. This factor continues to influence the growth of the sugar alternatives market worldwide.
Ascending Demand for Plant-based Ingredients
Naturally sweet and low-calorie plant-based ingredients are witnessing strong demand among diet and health-conscious consumers. For instance, the demand for stevia and monk fruit has been peaking and these natural plant-based ingredients have been approved by the FDA GRAS (Generally Recognized as Safe). In addition to this, the demand for clean-label products has been increasing backed by rising consumer awareness to side effects of consuming synthetic food ingredients, and products. This is likely to pave potential avenues for the market as the scope of natural sugar substitutes increases.
In addition, favourable policies of government authorities in different countries are expected to bode well for the market. Growing inclination of consumers towards consumption of healthy food with an increased focus on health and wellness has fueled the sales of natural sweeteners. This has further resulted in government bodies promoting the consumption of sugar alternatives and reducing the use of sugar in food products. For instance, in the UK, and France, government actions for reducing sugar intake via reformulations, selective taxation and self-explanatory packaging labels are promoting the growth of the sugar alternatives market. These initiatives and actions are in line with the European Food and Nutrition Action Plan 2015-2020 that was developed to create a healthier environment.
Overview of Key Segments
Food and Beverages Industry at the Forefront
With growing awareness of sugar alternatives, their adoption in the food and beverages industry has increased considerably over the past few years. Sugar alternatives are widely used in functional beverages, flavoured water, and carbonated drinks. Moreover, high intensity sweeteners are being used in food products as their small amounts provide the needed level of sweetness, while reducing the cost of production. Moreover, rampant growth of the food and beverages industry, particularly in emerging nations of Asia Pacific is expected to further uplift the demand for substitutes of sugar, in turn contributing towards the growth of the sugar alternatives market.
Growth Opportunities Across Regions
North America Jumps in the Bandwagon
Developed nations in North America are expected to account for a significant revenue share in the sugar alternatives market. This is mainly owing to increasing awareness with regards to harmful effects of high sugar consumption of human body coupled with rising diabetes cases. This coupled with increasing geriatric population in the region coupled with fast paced lifestyles of working population has accelerated the consumption of sugar alternatives.
Likewise, Asia Pacific is expected to showcase high-growth potential in the market. Increasing health consciousness and high prevalence of chronic ailments has triggered the consumption of natural sugar alternatives in the emerging economies in the region. In addition, government initiatives have promoted the consumption of alternatives of sugar.
For instance, in 2022, in India, NITI Aayog proposed to Indian Government to undertake high taxation policies for products that contained high amounts of sugar. This was mainly focused on product reformulation which involved reducing added sugar content and replacing sugar with sugar alternatives and natural sweeteners. This factor continues to influence the market growth in the region.
Sugar Alternatives Market: Key Competitors
A few of the 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.
Regional Classification of the Global Sugar Alternatives Market is Described Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
1. Executive Summary
1.1. Global Sugar Alternatives Market: Snapshot
1.2. Future Projections, 2021 - 2030, (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
(*Note: Above details would be available for below list of companies based on availability)
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
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