Market Research

Sugar Substitutes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 207 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18798783
Best Price Guarantee
Price from $4,850
Length 207 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18798783

Sugar Substitutes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Sugar Substitutes Market

The sugar substitutes market size was valued at USD 8.36 billion in 2023, and the market is now projected to grow from USD 8.89 billion in 2024 to USD 16.31 billion by 2032, exhibiting a CAGR of 7.88% during the forecast period of 2024-2032.

The COVID-19 pandemic brought both a lot of negative and positive stuff on the food & bevrages industry. The troubles for the manufacturers started from the supply chain links due to the transportation closure at the most difficult period of the pandemic. This led to a slower flow of raw materials being brought into the country and similarly, the supply of stevia leaves that are used during manufacturing was also thrown off balance. Therefore, it caused decline in the sugar substitutes market growth.

Higher consumers’ interest in the sugar substitutes has been growing as more and more adult population starts to exercise fitness, thus boosting global sugar substitutes market share. The public is realizing every day the negative consequences of sugar consumption thus leading to them making efforts to decrease their intake of it. There is a direct link between the expanding intake of desserts to the development of chronic diseases like diabetes and cardiovascular diseases. Consequently, clients are more frequently adopting the use of calorie sweeteners that are lower in calories.

At the same time, the demand for non-GMO or clean label options is increasing among consumers. This has increased as people change to plant based sweeteners. Alongside that, ingredient suppliers are now combining plant based sweeteners with plant based products to address the changing product selection which is moving away from animal derived products and highlighting clean label ingredients.

Comprehensive Analysis of Sugar Substitutes Market

The sugar substitutes market and food & beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by types and by applications. The types include, aspartame, ace. k, saccharin, sucralose, stevia, sugar alcohols, and others. However, the applications include carbonated diet drinks, flavored waters, and other beverages.

The North America region leads the sugar substitutes market by benefitting a market size of USD 2.99 billion in 2023 due to high levels of awareness about low calorie food items among the region’s population, and the rising popularity of healthy foods and beverages.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Cargill Incorporated (U.S.) Tale & Lyle (U.K.) ADM (U.S.) Ingredion Incorporated (U.S.) Roquette Freres (France) Real Stevia Company (Sweden) Pyure Brands LLC (U.S.) JK Sucralose Inc. (China) DuPont (U.S.) Ajinomoto Co. Inc.(Japan). These market players provide a level-playing competitive landscape.

In July 2023, Tate & Lyle PLC launched a new addition to its sweetener portfolio named TASTEVA SOL stevia sweetener. The new ingredient is premium-tasting stevia, which has 200x the solubility of Reb M and D products.

Segmentation Table

Global Sugar Substitutes Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 7.88% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, Application, and Region

By Type Aspartame

Ace. K

Saccharin

Sucralose

Stevia

Sugar Alcohols

Others

By Application

Food & Beverage

Table-top

Beverages

Bakery & confectionery

Other processed foods

Pharmaceuticals

Personal care & Cosmetics

By Region North America (By Type, Application, and Country)

U.S. (By Application)

Canada (By Application)

Mexico (By Application)

Rest of North America (By Application)

Europe (By Type, Application, and Country)

U.K. (By Application)

France (By Application)

Germany (By Application)

Italy (By Application)

Spain (By Application)

Russia (By Application)

Rest of Europe (By Application)

Asia Pacific (By Type, Application, and Country)

China (By Application)

India (By Application)

Japan (By Application)

Australia (By Application)

Rest of Asia Pacific (By Application)

South America (By Type, Application, and Country)

Brazil (By Application)

Argentina (By Application)

Rest of South America (By Application)

Middle East & Africa (By Type, Application, and Country)

South Africa (By Application)

UAE (By Application)

Rest of Middle East & Africa (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Regulatory Analysis
4.3. Industry SWOT Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Impact of COVID on Supply Chain of Sugar Substitutes Market
4.5.1. Impact of COVID-19
4.5.2. Supply Chain Challenges
4.5.3. Potential Opportunities due to COVID-19
5. Global Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type (Value)
5.2.1.1. Aspartame
5.2.1.2. Ace. K
5.2.1.3. Saccharin
5.2.1.4. Sucralose
5.2.1.5. Stevia
5.2.1.6. Sugar Alcohols
5.2.1.7. Others
5.2.2. By Application(Value)
5.2.2.1. Food & Beverage
5.2.2.1.1. Table-top
5.2.2.1.2. Beverages
5.2.2.1.3. Bakery & Confectionery
5.2.2.1.4. Other Processed Foods
5.2.2.2. Pharmaceuticals
5.2.2.3. Personal Care and Cosmetics
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type (Value)
6.2.1.1. Aspartame
6.2.1.2. Ace. K
6.2.1.3. Saccharin
6.2.1.4. Sucralose
6.2.1.5. Stevia
6.2.1.6. Sugar Alcohols
6.2.1.7. Others
6.2.2. By Application(Value)
6.2.2.1. Food & Beverage
6.2.2.1.1. Table-top
6.2.2.1.2. Beverages
6.2.2.1.3. Bakery & Confectionery
6.2.2.1.4. Other Processed Foods
6.2.2.2. Pharmaceuticals
6.2.2.3. Personal Care and Cosmetics
6.2.3. By Country (Value)
6.2.3.1. U.S
6.2.3.1.1. By Application (Value)
6.2.3.1.1.1. Food & Beverage
6.2.3.1.1.1.1. Table-top
6.2.3.1.1.1.2. Beverages
6.2.3.1.1.1.3. Bakery & Confectionery
6.2.3.1.1.1.4. Other Processed Foods
6.2.3.1.1.2. Pharmaceuticals
6.2.3.1.1.3. Personal Care and Cosmetics
6.2.3.2. Canada
6.2.3.2.1. By Application (Value)
6.2.3.2.1.1. Food & Beverage
6.2.3.2.1.1.1. Table-top
6.2.3.2.1.1.2. Beverages
6.2.3.2.1.1.3. Bakery & Confectionery
6.2.3.2.1.1.4. Other Processed Foods
6.2.3.2.1.2. Pharmaceuticals
6.2.3.2.1.3. Personal Care and Cosmetics
6.2.3.3. Mexico
6.2.3.3.1. By Application (Value)
6.2.3.3.1.1. Food & Beverage
6.2.3.3.1.1.1. Table-top
6.2.3.3.1.1.2. Beverages
6.2.3.3.1.1.3. Bakery & Confectionery
6.2.3.3.1.1.4. Other Processed Foods
6.2.3.3.1.2. Pharmaceuticals
6.2.3.3.1.3. Personal Care and Cosmetics
6.2.3.4. Rest of North America
6.2.3.4.1. By Application (Value)
6.2.3.4.1.1. Food & Beverage
6.2.3.4.1.1.1. Table-top
6.2.3.4.1.1.2. Beverages
6.2.3.4.1.1.3. Bakery & Confectionery
6.2.3.4.1.1.4. Other Processed Foods
6.2.3.4.1.2. Pharmaceuticals
6.2.3.4.1.3. Personal Care and Cosmetics
7. Europe Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type (Value)
7.2.1.1. Aspartame
7.2.1.2. Ace. K
7.2.1.3. Saccharin
7.2.1.4. Sucralose
7.2.1.5. Stevia
7.2.1.6. Sugar Alcohols
7.2.1.7. Others
7.2.2. By Application(Value)
7.2.2.1. Food & Beverage
7.2.2.1.1. Table-top
7.2.2.1.2. Beverages
7.2.2.1.3. Bakery & Confectionery
7.2.2.1.4. Other Processed Foods
7.2.2.2. Pharmaceuticals
7.2.2.3. Personal Care and Cosmetics
7.2.3. By Country (Value)
7.2.3.1. U.K.
7.2.3.1.1. By Application (Value)
7.2.3.1.1.1. Food & Beverage
7.2.3.1.1.1.1. Table-top
7.2.3.1.1.1.2. Beverages
7.2.3.1.1.1.3. Bakery & Confectionery
7.2.3.1.1.1.4. Other Processed Foods
7.2.3.1.1.2. Pharmaceuticals
7.2.3.1.1.3. Personal Care and Cosmetics
7.2.3.2. France
7.2.3.2.1. By Application (Value)
7.2.3.2.1.1. Food & Beverage
7.2.3.2.1.1.1. Table-top
7.2.3.2.1.1.2. Beverages
7.2.3.2.1.1.3. Bakery & Confectionery
7.2.3.2.1.1.4. Other Processed Foods
7.2.3.2.1.2. Pharmaceuticals
7.2.3.2.1.3. Personal Care and Cosmetics
7.2.3.3. Germany
7.2.3.3.1. By Application (Value)
7.2.3.3.1.1. Food & Beverage
7.2.3.3.1.1.1. Table-top
7.2.3.3.1.1.2. Beverages
7.2.3.3.1.1.3. Bakery & Confectionery
7.2.3.3.1.1.4. Other Processed Foods
7.2.3.3.1.2. Pharmaceuticals
7.2.3.3.1.3. Personal Care and Cosmetics
7.2.3.4. Italy
7.2.3.4.1. By Application (Value)
7.2.3.4.1.1. Food & Beverage
7.2.3.4.1.1.1. Table-top
7.2.3.4.1.1.2. Beverages
7.2.3.4.1.1.3. Bakery & Confectionery
7.2.3.4.1.1.4. Other Processed Foods
7.2.3.4.1.2. Pharmaceuticals
7.2.3.4.1.3. Personal Care and Cosmetics
7.2.3.5. Spain
7.2.3.5.1. By Application (Value)
7.2.3.5.1.1. Food & Beverage
7.2.3.5.1.1.1. Table-top
7.2.3.5.1.1.2. Beverages
7.2.3.5.1.1.3. Bakery & Confectionery
7.2.3.5.1.1.4. Other Processed Foods
7.2.3.5.1.2. Pharmaceuticals
7.2.3.5.1.3. Personal Care and Cosmetics
7.2.3.6. Russia
7.2.3.6.1. By Application (Value)
7.2.3.6.1.1. Food & Beverage
7.2.3.6.1.1.1. Table-top
7.2.3.6.1.1.2. Beverages
7.2.3.6.1.1.3. Bakery & Confectionery
7.2.3.6.1.1.4. Other Processed Foods
7.2.3.6.1.2. Pharmaceuticals
7.2.3.6.1.3. Personal Care and Cosmetics
7.2.3.7. Rest of Europe
7.2.3.7.1. By Application (Value)
7.2.3.7.1.1. Food & Beverage
7.2.3.7.1.1.1. Table-top
7.2.3.7.1.1.2. Beverages
7.2.3.7.1.1.3. Bakery & Confectionery
7.2.3.7.1.1.4. Other Processed Foods
7.2.3.7.1.2. Pharmaceuticals
7.2.3.7.1.3. Personal Care and Cosmetics
8. Asia Pacific Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type (Value)
8.2.1.1. Aspartame
8.2.1.2. Ace. K
8.2.1.3. Saccharin
8.2.1.4. Sucralose
8.2.1.5. Stevia
8.2.1.6. Sugar Alcohols
8.2.1.7. Others
8.2.2. By Application(Value)
8.2.2.1. Food & Beverage
8.2.2.1.1. Table-top
8.2.2.1.2. Beverages
8.2.2.1.3. Bakery & Confectionery
8.2.2.1.4. Other Processed Foods
8.2.2.2. Pharmaceuticals
8.2.2.3. Personal Care and Cosmetics
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Application (Value)
8.2.3.1.1.1. Food & Beverage
8.2.3.1.1.1.1. Table-top
8.2.3.1.1.1.2. Beverages
8.2.3.1.1.1.3. Bakery & Confectionery
8.2.3.1.1.1.4. Other Processed Foods
8.2.3.1.1.2. Pharmaceuticals
8.2.3.1.1.3. Personal Care and Cosmetics
8.2.3.2. India
8.2.3.2.1. By Application (Value)
8.2.3.2.1.1. Food & Beverage
8.2.3.2.1.1.1. Table-top
8.2.3.2.1.1.2. Beverages
8.2.3.2.1.1.3. Bakery & Confectionery
8.2.3.2.1.1.4. Other Processed Foods
8.2.3.2.1.2. Pharmaceuticals
8.2.3.2.1.3. Personal Care and Cosmetics
8.2.3.3. Japan
8.2.3.3.1. By Application (Value)
8.2.3.3.1.1. Food & Beverage
8.2.3.3.1.1.1. Table-top
8.2.3.3.1.1.2. Beverages
8.2.3.3.1.1.3. Bakery & Confectionery
8.2.3.3.1.1.4. Other Processed Foods
8.2.3.3.1.2. Pharmaceuticals
8.2.3.3.1.3. Personal Care and Cosmetics
8.2.3.4. Australia
8.2.3.4.1. By Application (Value)
8.2.3.4.1.1. Food & Beverage
8.2.3.4.1.1.1. Table-top
8.2.3.4.1.1.2. Beverages
8.2.3.4.1.1.3. Bakery & Confectionery
8.2.3.4.1.1.4. Other Processed Foods
8.2.3.4.1.2. Pharmaceuticals
8.2.3.4.1.3. Personal Care and Cosmetics
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Application (Value)
8.2.3.5.1.1. Food & Beverage
8.2.3.5.1.1.1. Table-top
8.2.3.5.1.1.2. Beverages
8.2.3.5.1.1.3. Bakery & Confectionery
8.2.3.5.1.1.4. Other Processed Foods
8.2.3.5.1.2. Pharmaceuticals
8.2.3.5.1.3. Personal Care and Cosmetics
9. South America Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type (Value)
9.2.1.1. Aspartame
9.2.1.2. Ace. K
9.2.1.3. Saccharin
9.2.1.4. Sucralose
9.2.1.5. Stevia
9.2.1.6. Sugar Alcohols
9.2.1.7. Others
9.2.2. By Application(Value)
9.2.2.1. Food & Beverage
9.2.2.1.1. Table-top
9.2.2.1.2. Beverages
9.2.2.1.3. Bakery & Confectionery
9.2.2.1.4. Other Processed Foods
9.2.2.2. Pharmaceuticals
9.2.2.3. Personal Care and Cosmetics
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Application (Value)
9.2.3.1.1.1. Food & Beverage
9.2.3.1.1.1.1. Table-top
9.2.3.1.1.1.2. Beverages
9.2.3.1.1.1.3. Bakery & Confectionery
9.2.3.1.1.1.4. Other Processed Foods
9.2.3.1.1.2. Pharmaceuticals
9.2.3.1.1.3. Personal Care and Cosmetics
9.2.3.2. Argentina
9.2.3.2.1. By Application (Value)
9.2.3.2.1.1. Food & Beverage
9.2.3.2.1.1.1. Table-top
9.2.3.2.1.1.2. Beverages
9.2.3.2.1.1.3. Bakery & Confectionery
9.2.3.2.1.1.4. Other Processed Foods
9.2.3.2.1.2. Pharmaceuticals
9.2.3.2.1.3. Personal Care and Cosmetics
9.2.3.3. Rest of South America
9.2.3.3.1. By Application (Value)
9.2.3.3.1.1. Food & Beverage
9.2.3.3.1.1.1. Table-top
9.2.3.3.1.1.2. Beverages
9.2.3.3.1.1.3. Bakery & Confectionery
9.2.3.3.1.1.4. Other Processed Foods
9.2.3.3.1.2. Pharmaceuticals
9.2.3.3.1.3. Personal Care and Cosmetics
10. Middle East & Africa Sugar Substitutes Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type (Value)
10.2.1.1. Aspartame
10.2.1.2. Ace. K
10.2.1.3. Saccharin
10.2.1.4. Sucralose
10.2.1.5. Stevia
10.2.1.6. Sugar Alcohols
10.2.1.7. Others
10.2.2. By Application(Value)
10.2.2.1. Food & Beverage
10.2.2.1.1. Table-top
10.2.2.1.2. Beverages
10.2.2.1.3. Bakery & Confectionery
10.2.2.1.4. Other Processed Foods
10.2.2.2. Pharmaceuticals
10.2.2.3. Personal Care and Cosmetics
10.2.3. By Country (Value)
10.2.3.1. South Africa
10.2.3.1.1. By Application (Value)
10.2.3.1.1.1. Food & Beverage
10.2.3.1.1.1.1. Table-top
10.2.3.1.1.1.2. Beverages
10.2.3.1.1.1.3. Bakery & Confectionery
10.2.3.1.1.1.4. Other Processed Foods
10.2.3.1.1.2. Pharmaceuticals
10.2.3.1.1.3. Personal Care and Cosmetics
10.2.3.2. UAE
10.2.3.2.1. By Application (Value)
10.2.3.2.1.1. Food & Beverage
10.2.3.2.1.1.1. Table-top
10.2.3.2.1.1.2. Beverages
10.2.3.2.1.1.3. Bakery & Confectionery
10.2.3.2.1.1.4. Other Processed Foods
10.2.3.2.1.2. Pharmaceuticals
10.2.3.2.1.3. Personal Care and Cosmetics
10.2.3.3. Rest of Middle East & Africa
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Sugar Substitutes Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Cargill Incorporated
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Tale & Lyle (U.K.)
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. ADM (U.S.)
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Ingredion Incorporated (U.S.)
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Roquette Freres (France)
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Real Stevia Company (Sweden)
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Pyure Brands LLC (U.S.)
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. JK Sucralose Inc. (China)
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. DuPont (U.S.)
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Ajinomoto Co. Inc.(Japan
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Strategic Recommendations
14. Appendix

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