Pune, May 19, 2020 (GLOBE NEWSWIRE) -- The global sugar substitutes market size is projected to reach USD 10.27 billion by the end of 2026. The increasing applications of sugar substitutes in several food products will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Sugar Substitutes Market Size, Share and Global Trend By Type (Aspartame, Acesulfame potassium, Saccharine, Sucralose, Stevia, Sugar Alcohols, and Others), Application [Food and Beverage (Table-top, Beverages, Bakery & Confectionery, and Other Processed Foods), Pharmaceuticals, and Personal Care and Cosmetics), and Geography Forecast till 2026,” the market was worth USD 6.35 billion in 2018 and will exhibit a CAGR of 6.3% during the forecast period, 2019-2026.
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To Get The Short-Term and Long-Term Impact of COVID-19 on this Market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/sugar-substitutes-market-100261
Sugar Substitutes Market Report Answers the Following Questions:
- What are the market trends, challenges, opportunities, growth drivers, and barriers?
- How will the market be affected in the near future?
- Which company would generate the highest revenue by surging the sales of lubricants?
- Which segment is set to dominate the market in terms of share?
- Which important strategies are being adopted by key players to intensify competition?
Sugar substitutes are food products that are used as low-calorie sugar alternatives. The product is used as a substitute for natural and processed sugar and contains the same amount of sweetness as normal sugar. The increasing demand for sugar substitutes driven by applications in diverse food products will open up a huge potential for the companies operating in the market. The increasing awareness regarding the adverse effects of sugar consumption will create a subsequent demand for sugar substitutes.
The increasing adoption of a sedentary lifestyle has led to a wider consumption of processed foods that contain a huge amount of sugar. The growing demand for clean-labeled products will open up a huge potential for the companies operating in the market. The presence of several large scale companies will aid the growth of the overall market in the coming years.
Tata Chemicals Introduces New Zero-sugar Sweetener; Increasing Product Launches Will Aid Sugar Substitutes Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing adoption of healthy foods and the demand for health-friendly substances will fuel the demand for sugar substitutes across the world. Accounting to the adoption of healthy lifestyle habits, companies are focused on introducing newer products that will help them establish a stronghold in the market.
In February 2019, Tata Chemicals announced the launch of a new sugar substitute. The company introduced Tata Nx, a zero-sugar sweetener that can be used as a substitute for natural sugar with the same amount of sweetness. Tata Nx is a 100% natural sweetener that is developed from stevia herb extract and has zero to minimum effects on human health. Through the introduction of Tata Nx, Tata Chemicals will look to capitalize on its massive consumer base across the world. Tata Chemicals’ latest product will not just benefit the company but will have a huge impact on the growth of the overall market in the foreseeable future.
Browse Summary of Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industry-reports/sugar-substitutes-market-100261
Asia Pacific to Exhibit the Highest CAGR; Increasing Demand for the Product Will Aid Growth
The report highlights the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America currently dominates the market. The increasing investments, as well as efforts put in by major companies in the research and development of efficient sugar substitutes, will aid the growth of the market in this region.
The increasing prevalence of diabetes will lead to a wider consumption of sugar substitutes in several countries across this region. Besides Asia Pacific, the market in North America will also witness considerable growth in the coming years, driven by the high prevalence of diabetic patients in the United States. As of 2018, the market in North America was worth USD 2.39 billion and this value is projected to increase further in the coming years.
List of Key Companies Profiled in the Sugar Substitutes Market Research Report are:
- Tate & Lyle
- Cargill,
- Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Frères
- The Nutra Sweet Company
- Ajinomoto Co., Inc.
- JK Sucralose Inc.
- Dow
- DuPont
- Pure Circle Limited
- Other Key Market Players
Quick Buy – Sugar Substitutes Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100261
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Sugar Consumption Trend
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Overview of the Parent/Related Markets
TOC Continued…!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/sugar-substitutes-market-100261
Industry Developments: Sugar Substitutes Market
June 2019: Pioneer Foods announced that it has entered into a joint venture to launch a sweetener viz. Freesweet, developed by Durbanite, Deborah Good.
May 2018: Tate & Lyle PLC announced that it has entered into an agreement for acquisition of 15% equity holding in Sweet Green Fields (stevia ingredient firm).
Have a Look at Related Research Insight:
High-Intensity Sweeteners Market Size, Share & Industry Analysis, By Product Type (Saccharine, Stevia, Aspartame, Neotame, Sucralose, Acesulfame Potassium, Advantame), By Application (Bakery, Confectionery, Processed Fruit Products, Dairy Products, Ready-to-Drink (RTD) Beverages), By Distribution Channel (Mass Merchandisers, Convenience Stores, Specialty Stores) and Regional Forecast, 2019-2026
Natural Sweeteners Market Size, Share And Global Trend By Product Type (High-Intensity Sweeteners, Low-Intensity Sweeteners), By Application (Food & Beverages, Pharmaceuticals, Personal Care), and Regional Forecast Till 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.comLinkedin | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/global-sugar-substitutes-market-9108