Global Sugar Substitutes Market Analysis & Trends - Industry Forecast to 2030

Global Sugar Substitutes Market Analysis & Trends - Industry Forecast to 2030

The Global Sugar Substitutes Market is poised to grow at a CAGR of around 6.6% over the next decade to reach approximately $29.4 billion by 2030. Some of the prominent trends that the market is witnessing include increasing awareness regarding repercussions of high sugar consumption, rising prevalence of diabetes, and fluctuating prices of sugar.

Based on origin, the market is bifurcated into artificial/synthetic and natural. By form, the market is fragmented into crystallized, liquid and powder. On the basis of composition, the market is classified into high intensity sweeteners (HIS), low intensity sweeteners (LIS) and high fructose syrup (HFCS).

High intensity sweeteners (HIS) are classified into stevia, aspartame, cyclamate, sucralose, saccharin, sugar alcohols, ACE-K, honey and other high intensity sweeteners. Other high intensity sweeteners are further classified as glycyrrhizin, alitame and neotame. Low intensity sweeteners (LIS) are classified as D-Tagtose, sorbitol, maltitol, xylitol, mannitol, erythritol and other low intensity sweeteners. Other low intensity sweeteners are further classified as hydrogenated starch hydrolysates, isomalt, lactitol and trehalose.

With respect to application, the market is segmented into food, beverages, pharmaceuticals and personal care & cosmetics. Food is classified as bakery & confectionery, table-top, condiments, dairy & frozen dessert, ready-to-eat snacks, convenience foods and packaged food. Bakery & confectionery is further sub segmented into chewing gum, jams and jellies and candy. Dairy & frozen dessert is further sub segmented into yogurt and ice creams. Beverages segment is classified as fruit juices & zero calorie drinks, carbonated soft drinks (CSD), functional drinks and smoothies. Pharmaceuticals segment is bifurcated into nutritive sweeteners and non-nutritive sweeteners.

On the contrary to the end user, the market is divided into hotels & restaurants, cruise lines, air lines and fast food centres. By distribution channel, the market is classified into store-based and non-store based. Store-based is classified as supermarkets & hypermarkets and convenience stores.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments