The sugar substitutes market size has the potential to grow by USD 2.67 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.22%.
This report provides a detailed analysis of the market by product (high intensity sweeteners, high fructose corn syrup, and low intensity sweeteners), geography (North America, Europe, APAC, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- American Crystal Sugar Co.
- Archer Daniels Midland Co.
- Cargill Inc.
- Cumberland Packing Corp.
- DOMINO FOODS Inc.
- GLG Life Tech Corp.
- Ingredion Inc.
- Merisant Co.
- PureCircle Ltd.
- Tate and Lyle Plc
The sugar substitutes market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as growing demand for natural high intensity sweeteners to achieve growth opportunities. However, factors such as health problems associated with high fructose corn syrup will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the sugar substitutes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This sugar substitutes market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Sugar Substitutes Market: Key Drivers and Trends
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Sugar Substitutes Market: Segmentation by Geography
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46% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sugar substitutes market in North America. Market growth in this region will be slower than the growth of the market in APAC.
The rising demand for stevia among the health-conscious population of the US will facilitate the sugar substitutes market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Sugar Substitutes Market: Segmentation by Product
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The US-FDA has approved the usage of the following sweeteners: artificial high-intensity sweeteners (aspartame, sucralose, Ace-K, cyclamate, neotame, and saccharin) and natural high-intensity sweeteners (stevia). During the forecast period, the applications of stevia and other natural sweeteners are expected to increase across a variety of food products as they are nutritive and safe to consume.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sugar substitutes market size.
Sugar Substitutes Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive sugar substitutes market growth during the next five years
- Precise estimation of the sugar substitutes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sugar substitutes industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sugar substitutes market vendors
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Sugar Substitutes Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2021-2025 |
$ 2.67 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.50 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 46% |
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Key consumer countries |
US, China, Germany, Canada, UK, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
American Crystal Sugar Co., Archer Daniels Midland Co., Cargill Inc., Cumberland Packing Corp., DOMINO FOODS Inc., GLG Life Tech Corp., Ingredion Inc., Merisant Co., PureCircle Ltd., and Tate and Lyle Plc |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |