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Sugar Substitutes Market 2020 CAGR of 4.6% And Market To Reach USD 21.54 Billion By 2027 By Reports And Data

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: New York, United States, 14-July-2020, (Via WiredRelease), (Reports and Data) The Sugar Substitutes Market is forecasted to grow from USD 14.94 Billion in 2018 to USD 21.54 Billion by 2026, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increased demand for sugar substitute from the food & beverage industries. Asia Pacific is estimated to be a promising region for sugar substitute manufacturers as a result of improving living standards of the middle-class population coupled with increasing consumer spending power. In addition, growing health-conscious population concerns are projected to be one of the key drivers of market growth.

China is one of APAC’s major sugar substitutes markets. The presence of a large number of manufacturers and ageing population is driving demand for sugar substitutes.

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Increasing awareness of the repercussions of high sugar consumption and increasing prevalence of diabetes around the globe is expected to support market growth. Fluctuating sugar prices are expected to create opportunities for sugar substitute’s manufacturers worldwide during the forecast period.

The increasing demand for zero-calorie or low-calorie products, coupled with increasing consumer awareness of sugar substitutes, is the primary factor that contributes to the growth of the market for sugar substitutes. Sugar substitutes are used primarily in processed foods such as drinks, ice creams, powdered drink mixes, puddings, jams, jellies, sweets, dairy products, and others.

Companies considered and profiled in this market study

The major players in the market are Tate & Lyle (UK), Cargill Inc. (US), Archer Daniels Midland Company (US), Ingredion Inc. (US), Roquette Frères (France), Ajinomoto Co. Inc. (Japan), JK Sucralose Inc (China), PureCircle (Malaysia), The NutraSweet Company (US), and E. I. DuPont De Nemours (US).

Type (Revenue, USD Million; 2016-2026)

High intensity sweeteners

Low intensity sweeteners

High fructose syrup

Type of Procedures (Revenue, USD Million; 2016-2026)

Food

Beverages

Others

Origin (Revenue, USD Million; 2016-2026)

Artificial

Natural

The Sugar Substitutes Market is forecasted to grow from USD 14.94 Billion in 2018 to USD 21.54 Billion by 2026, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increased demand for sugar substitute from the food & beverage industries.

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The market for high intensity sweeteners is expected to grow the largest at USD 10.12 Billion in 2026, at a CAGR of 4.8% during the forecast period. Changing trends in health and wellness around the globe are expected to boost high-intensity sweetener application over the forecast period. Increasing emphasis on reducing overall sugar consumption coupled with increasing health-conscious people’s base is prompting the food & beverage industry to respond to the rising demand for healthy food from consumers. Industry-operating companies focus on developing foods and drinks that help meet the weight loss and dietary goals of customers.

The market for beverage is expected to grow the largest at USD 9.80 Billion in 2026, at a CAGR of 4.6% during the forecast period. Due to the rising demand for natural health drinks and sports drinks with increased nutritional value, the segment is projected to dominate the market over the forecast period.

The Sugar Substitutes market report offers a plethora of insights which include:

Changing consumption patterns in the global business.

Historical and future progress of the global Sugar Substitutes market.

Region-wise and country-wise segmentation of the Sugar Substitutes market to understand the predicted revenue and growth in these areas.

Accurate year-on-year growth of the global Sugar Substitutes market.

Key trends, including proprietary technologies, ecological conservation, and globalization affecting the global Sugar Substitutes market.

For Further Details about this Market Visit: https://www.reportsanddata.com/report-detail/sugar-substitutes-market

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This content has been published by MARKETYSERS GLOBAL CONSULTING LLP company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at contact@wiredrelease.com.

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