Global Sugar Substitutes Market 2024

Global Sugar Substitutes Market 2024

The global sugar substitutes market is projected to rise by USD 1.4 billion by 2030, according to the latest market study results. It is anticipated to expand at a CAGR of 4.5 percent during the forecast period. The growth of the sucralose market stems primarily from its expanding usage across various sectors such as Pharmaceuticals, Food, and Beverages. Sucralose is increasingly sought after as a food preservative and nutritional supplement, notably in pharmaceutical syrups and injections. Rising concerns regarding excessive sugar consumption and its associated health risks have prompted ingredient manufacturers and product developers to turn to sweeteners as sugar alternatives. These sweeteners offer significant sweetness compared to sugar but contribute few to no additional calories when incorporated into food products.

The Asia-Pacific sugar substitutes market experiences robust growth driven by the rapid expansion of end-use industries, particularly functional drinks and food, tea and juice beverages, medicines, and other sectors reliant on sugar substitutes. Notably, a substantial portion of sugar substitute production occurs in China.

One key driver is the escalating consumer preference for clean-label sugar substitutes. Demand is surging for low-sugar, naturally sweet, plant-based ingredients, with monk fruit and stevia gaining popularity as FDA-approved high-intensity plant-based sweeteners. Global interest in clean labels or natural food items is rising, reflecting increased consumer awareness of the adverse health effects associated with artificial ingredients.

The burgeoning demand for sugar substitutes also arises from the diabetic and obese population segments. As diabetes cases increase, studies indicate that high-caloric sweeteners may heighten obesity and diabetes risks, spurring the adoption of sugar alternatives.

Furthermore, the shift towards convenience and processed food and beverage consumption significantly influences the food additives market, including sugar substitutes. The rising urbanization, expanding middle-class populations, growing number of working women, and increased disposable income contribute to heightened demand for processed and packaged foods, thereby driving the need for sugar substitutes.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product type, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global sugar substitutes market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for sugar substitutes can be segmented by product type: acesulfame potassium, advantame, aspartame, neotame, saccharin, stevia, sucralose, others. Globally, the sucralose segment made up the largest share of the sugar substitutes market, accounting for more than 27.8% of the total market.

Sugar substitutes market is further segmented by application: beverages, food, pharmaceuticals, others. The beverages segment captured the largest share of the market in 2023, accounting for more than 42.2% of the total market.

Based on region, the sugar substitutes market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest revenue contributor to the global sugar substitutes market, representing 40.7% of the market in 2023. During the forecast period, Asia-Pacific is projected to witness the highest growth rate.

The global sugar substitutes market report offers detailed information on several market vendors, including Ajinomoto Co. Inc., Anhui Jinhe Industrial Co., Ltd., Blue California Ingredients Inc., Cargill Inc., Celanese Corporation, Chenguang Biotech Group Co., Ltd., Cristalco SAS, Daesang Corporation, Dongtai Haorui Biological Technology Co., Ltd., Ganzhou Julong High Tech Industrial Co., Ltd., GLG Life Tech Corp., Guilin Layn Natural Ingredients Corp., Heilongjiang Land Reclamation Huiju Hailin Stevioside Co., Ltd., HYET Holding B.V., Ingredion Incorporated, International Flavors & Fragrances Inc., JK Sucralose Inc., JMC Corporation, Koninklijke DSM N.V., Manus Bio Inc., Merisant Company, Morita Kagaku Kogyo Co., Ltd., Nantong Changhai Food Additive Co., Ltd. (Niutang), Nippon Paper Industries Co., Ltd., Productos Aditivos, S.A., PT. Batang Alum Industrie, PT. Golden Sari, Qingdao Runde Biotechnology Co., Ltd., Qingdao Runhao Stevia High Tech Company Limited, Qufu Tianyuan Biotechnology Co., Ltd., Roquette Freres SA, Shandong Huaxian Stevia Co., Ltd., Shandong Shengxiangyuan Biotechnology Co., Ltd., Sunwin Stevia International, Inc., Sweet Green Fields Co., Ltd., Tate & Lyle plc, The Archer-Daniels-Midland Company, Tianjin North Food Co., Ltd., Xinghua GL Stevia Co., Ltd., Zhucheng Haotian Pharm Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Sugar Substitutes Industry Analysis:

i.) Product type

• Acesulfame potassium
• Advantame
• Aspartame
• Neotame
• Saccharin
• Stevia
• Sucralose
• Others

ii.) Application

• Beverages
• Food
• Baked food and cereals
• Confectionery
• Dairy
• Sauces and condiments
• Others
• Pharmaceuticals
• Others

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America