Sugar Substitutes Market Forecasts to 2028 – Global Analysis By Source (Natural, Artificial and Other Sources), Product (High-Fructose Corn Syrup (HFCS), Low-Intensity Sweeteners and Other Products), Application (Food, Beverages and Other Applications) an

Sugar Substitutes Market Forecasts to 2028 – Global Analysis By Source (Natural, Artificial and Other Sources), Product (High-Fructose Corn Syrup (HFCS), Low-Intensity Sweeteners and Other Products), Application (Food, Beverages and Other Applications) and By Geography

According to Stratistics MRC, the Global Sugar Substitutes Market is accounted for $7.9 billion in 2022 and is expected to reach $11.5 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Sugar substitutes are substances that are used in place of sweeteners with sugar or sugar alcohols. They may also be called artificial sweeteners, non-nutritive sweeteners, and non-caloric sweeteners. They provide sweetness to foods and drinks without adding a lot of extra calories. Most of these contain almost no calories. Using sugar substitutes in place of sugar can help prevent dental decay. They also may help with blood sugar control in people with diabetes. The increasing consumer’s preferences towards natural products are driving the market growth.

According to the Food & Health Survey, about 74% of consumers in the United States will avoid sugar in their diets in 2020. Additionally, there is a significant growth in the number of new product launches, focusing on plant-based products to address the growing obesity.

Market Dynamics:

Driver:

Negative health impact due to over consumption of sugar

The Rapid industrialization across the globe has led to an increase in urbanization in recent years. People are leading a more inactive lifestyle with more time spent in the office and lack of exercise. Hence, an imbalance in food intake is causing energy imbalance in their bodies. The quantity of calorie intake exceeds the number of calories, which is burned by the body. Consumption of calorie-rich food products has led to fat accumulation in the body and obesity in turn with sever health problems thus, consumers are increasingly demanding low-calorie sweeteners for food and beverages propelling the market growth.

Restraint:

Unfavourable impact on consumer faith due to contradictory results of clinical trails

There have been many controversies associated with sugar substitutes, and these controversies regarding the negative health impact of these products affect public perception on the sugar substitutes which in turn effects the market growth. Moreover, the strict government regulations on the safety of the sugar substitute products and their application in various products such as food and beverage products are hampering the market growth.

Opportunity:

Increasing incidence of obesity-linked lifestyle diseases

With improvement in people's living standards and economic development, functional nutrition and food additives, such as sugar substitutes, have become increasingly popular among consumers. Sugar substitutes provide sweetness and enhance food flavour without adding calories. Artificial sweeteners are used as a substitute for sugar to reduce the risk of obesity, metabolic disorders, diabetes, and heart disease and to monitor calorie intake. Increasing fat intake, reduced physical activities, and excessive sweet food contributes to the world's rising obesity problem and providing huge opportunities for the market growth.

Threat:

Adverse health effects owing to over usage of sugar substitutes

Ingestion of calorie-rich food products resulted in fat build-up in the body and obesity. Whereas, obesity is responsible for producing numerous health concerns such as cardiovascular disease, type 2 diabetes, high blood pressure, and cancer. Therefore, users are indirectly demanding low-calorie sweeteners for food and beverages. Artificial sweeteners increase weight and can result in brain disorders, bladder cancer, and many other health problems. Many people have also reported health-related side effects, including carcinogenicity. These factors are expected to hamper market revenue growth.

Covid-19 Impact

Covid19 has had negative impact on both the raw materials and finished goods supply chains. The COVID-19 epidemic outbreak has brought about a global halt in several industries, notably the food and beverage sector, and has had a detrimental effect on the world economy by impairing the transportation and manufacturing sectors. During the period, even consumption habits witnessed major changes. Consumers were concerned when governments around the world began imposing stringent lockdown measures without specifying the precise date when they would be removed, which led to the warehousing of various food and beverage products. Such actions were taken to make sure they could endure a prolonged lockdown without having to leave their homes.

The natural segment is expected to be the largest during the forecast period

The natural segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing health consciousness, consumers are now preferring healthier choices with respect to the consumption of various food & beverage products. Consumer demand for low-calorie, reduced sugar, and all-natural & organic ingredient-based products, due to the various health benefits offered and rising incidences of chronic diseases across the globe as a result of unhealthier dietary lifestyles. Among that, the majority of the health-conscious consumers prefer products containing natural sweeteners because they contain fewer calories than usual sugar and also is less prone to side effects on human health as compared to artificial sweeteners are driving the market growth.

The low-intensity sweeteners segment is expected to have the highest CAGR during the forecast period

The low-intensity sweeteners segment is estimated to have a lucrative growth, due to their property of not decaying tooth, as they do not leave behind the enamel destroying acids as much as other sugar substitutes. Low intensity sweeteners such as sorbitol, mannitol, xylitol and other sweeteners have functional properties that can be very useful to many industries. Xylitol stimulates the production of salivary enzymes, which prevent from bacterial growth along with preventing dental decay. Thus all the above factors are encouraging in the market growth.


Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing industrialization led to increase in disposable income among the middle-class population. This has increased the demand for health-enhancing products, including high-quality and nutritious food products. The demand for low-calorie foods and beverages in Asia Pacific is increasing. This increase is due to rising health consciousness among consumers, thus driving the market growth. Sugar alternatives are commonly used in beverages, ice creams, powdered drink mixes, sauces, jellies, puddings, candies, dairy products, powdered drink mixes, and other refined foods.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, Due to various sugar substitutes like stevia, sugar alcohols, sucralose, and related items are highly preferred by consumers. Due to this, producers of sugar substitutes are now considering the possibility of developing new, superior, delectable items for the market. Food and beverage companies in Europe are looking for sweeteners that are sustainable and healthy to consume. Consumer alertness of stevia is increasing among European consumers, while applications in food and beverage products are expanding. European consumers are increasingly looking for healthier and more natural products. It is also believed that stevia production has a lower environmental impact than conventional sugar. Thus, driving the sugar substitutes market.

Key players in the market

Some of the key players profiled in the Sugar Substitutes Market include Dupont ,Cargill Incorporated, Roquette Freres, Tale & Lyle, ADM, MacAndrews & Forbes Holdingd Inc, Stevia Hub India, Ajinomoto Co. Inc, JK Sucralose Inc, Stevia Biotech Pvt. Ltd, PureCircle Ltd, Pyure, Brands LLC, SAGANA Association, Hearthside Food Solutions LLC

Key Developments:

In November 2022, DuPont Announces Termination of Intended Rogers Acquisition as the companies has been unable to obtain timely clearance from all the required regulators. DuPont is paying Rogers a termination fee of $162.5 million in accordance with the agreement.

In November 2022, Cargill and ASSIST partner together to bolster food security in the Philippines by capacitating smallholder corn farmers Agri-Sagana project launch to provide farmer training, improved market access and facilities in Cagayan and Isabela.

In November 2022, Cargill announces acquisition of Owensboro Grain Company. they are pleased to welcome Owensboro Grain Company into their Cargill family “the two companies have tremendous operational histories, similar heritages as grain merchants, and values, including an unwavering commitment to prioritizing people ? making this a tremendous fit.

Sources Covered:
• Natural
• Artificial
• Other Sources

Products Covered:
• High-Fructose Corn Syrup (HFCS)
• Low-Intensity Sweeteners
• High-Intensity Sweeteners
• Others Products

Applications Covered:
• Food
• Beverages
• Nutrition & Health Supplements
• Pharmaceuticals
• Personal Care & Cosmetics
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements