Many
investigators have searched for alternative sweeteners or sugar substitutes in
recent years as excessive sugar consumption can raise blood sugar levels and
lead to weight gain. Sugar substitutes are low-calorie food additives that duplicate the sweetness of sugar but
usually have less food energy. They are increasingly being used in
chewing gums, puddings, ice-creams, desserts, fruit spreads and soft drinks. Saccharin, neotame,
stevia and sucralose are some of the non-caloric sugar substitutes approved by the
USFDA that offer a sweet taste without increasing the blood glucose levels. According to IMARC Group, the global sugar substitute market size reached a value of US$ 15 Billion in 2018.
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Growing prevalence of chronic diseases driving demand for sugar
substitutes
With
the rising prevalence of diabetes and other health concerns, like obesity and
heart diseases, the consumers are opting for sugar substitutes as a preventive
measure. In addition, rising health consciousness and growing awareness about the
benefits of sugar substitutes have encouraged numerous consumers to include
these substitutes in their diets. Moreover, the leading manufacturers are introducing a wide array of
products to provide newer, healthier and more nourishing options for the
consumers. For instance, Zydus Wellness has launched Sugar Free Green using
stevia leaves which is a 100% natural sugar substitute. Similarly, Cargill
recently introduced a new sweetener product EverSweet which is made from stevia
leaf components, Reb M and Reb D glycosides, that give it a sweet taste like
real sugar. As a result of these factors, the global sugar substitute market is
expected to reach a value of US$ 19 Billion
by 2024, exhibiting a CAGR of 4.1% during 2019-2024.
High-intensity sweeteners represent the most popular product type
The
market has been segregated on the basis of product types into high-intensity
sweeteners, low-intensity sweeteners and high-fructose corn syrup. Amongst
these, high-intensity sweeteners
represent the most popular product type as they are significantly sweeter than
table sugar (sucrose). These sweeteners do not raise blood sugar levels and are
low in calories. There are six high-intensity sweeteners approved by the USFDA –
saccharin, aspartame, acesulfame potassium (Ace-K), sucralose, neotame, and
advantame.
Market Breakup by Application and Origin
On
the basis of application, sugar substitutes are most commonly used in beverages, such as energy drinks,
instant teas, soft drinks, juices, diet sodas and sugar-free syrups. Saccharin
and aspartame are the most common sugar substitutes used by food processing
companies. Other major application segments include food, and
health and personal care.
The market has also
been categorized in the basis of origin into artificial and natural products. Artificial sugar substitutes include
aspartame, saccharin, sucralose, neotame, Glucin, cyclamate, and acesulfame
potassium. They are extensively used in processed foods including soft drinks,
powdered drink mixes, baked goods, canned foods, jams and jellies, puddings,
dairy products and candies.
North America: The largest market for sugar substitutes
North America enjoys the leading position,
holding the majority of the total global sugar substitutes market share.
This can be attributed to the increasing obesity rates along with the presence
of a large number of manufacturers in the region. It is followed by Europe and
Asia Pacific. Other regions include the Middle East and Africa, and Latin
America.
Some
of the key players operating in the market include Tate & Lyle, Cargill,
PureCircle, Roquette Frères, DuPont, Archer Daniels Midland Company, Ajinomoto
Co. Inc., Ingredion, Flavors Holding and JK Sucralose.
About IMARC Group: IMARC Group is a leading market
research and consulting company that offers management strategy and market
research worldwide. The company has done multiple projects on the sugar
substitute industry, which has enabled the clients to successfully set up and
expand their businesses. Some of the company’s offerings include:
·
Market
Research
·
Plant
setup
·
Plant
Expansion
·
Marketing
and sales
·
Procurement
and Distribution
·
Innovation
and Product Development
For
more information on the sugar substitutes industry, please visit:https://www.imarcgroup.com/sugar-substitutes-market
Contact US
IMARCGroup
Stuart Billy
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 | www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin: https://www.linkedin.com/company/imarc-group/
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