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Data Bridge Market Research analyses that the global sugar substitutes market to account USD 35,262.34 million by 2029 growing at a CAGR of 9.0% in the forecast period of 2022-2029. Increased growth of the sugar substitutes market is considered as a factor to increase consumer interests for low-calorie sweeteners and healthy food options in the forecast period of 2022- 2029.
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A sugar substitute is a food additive that has the same sweet taste as sugar but contains far less food energy than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. They are derived from natural substances found in nature or created artificially using chemicals and preservatives.
The major players covered in the sugar substitutes market report are zuChem Inc., Ingredion Incorporated, BENEO, Cargill, Incorporated, DuPont, Foodchem International Corporation, JK Sucralose Inc., HYET Sweet, Roquette Frères, Mitsui Sugar Co.,Ltd., ADM, Tate & Lyle, Pyure Brands LLC, PureCircle, Ajinomoto Health & Nutrition North America, Inc., Alsiano, StartingLine S.p.A., NutraSweet Co., MAFCO Worldwide LLC, and Matsutani Chemical Industry Co., Ltd., among others.
Sugar substitutes such as stevia, aspartame, sorbitol, maltitol, neotame, acesulfame, and D-tagatose have less sugar levels, do not raise blood sugar, and do not cause tooth decay or cavities. The growing obesity and diabetic populations are driving market growth, as the government supports sugar substitutes to reduce sugar consumption. The increasing demand for healthy products that support a healthy diet is the primary driver of market growth. Sugar price fluctuations are expected to create opportunities for sugar substitutes manufacturers. As a result of these factors, the market is growing alongside diabetic patients and consumer health consciousness.
Asia-Pacific dominates the sugar substitutes market because China is the leader in sugar substitutes manufacturing, and major players generate revenue from China due to high investment and demand for sugar substitute solutions in China. The United States dominates the market in North America because customers are more concerned about food ingredients and are willing to pay more for healthy products.
However, the decreased availability of sugar substitutes and the development of artificial sweeteners have shifted consumer preferences toward artificial sweeteners, restraining the market.
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Sugar substitutes market is segmented on the basis of type, form, category and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the sugar substitutes market is segmented into high-fructose syrups, high-intensity sweeteners, and low-intensity sweeteners.
- Based on form, the sugar substitutes market is segmented into crystallized, liquid, and powder.
- On the basis of category, the sugar substitutes market is segmented into natural, and synthetic.
- On the basis of application, the sugar substitutes market is segmented into and beverages, food products, oral care, pharmaceuticals, and others.
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