Sugar Substitutes Market by Type (High Fructose Syrup, High-Intensity Sweetener, Low-Intensity Sweetener), Composition, Application (Beverages, Food Products, and Health & Personal Care Products), and Region - Global Forecast to 2025
Market Segmentation
| Report Metrics | Details |
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Market size available for years |
2020 - 2025 |
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CAGR % |
4.5 |
Top 10 companies in Sugar Substitutes Market
Sugar Substitutes Market News
| Publish Date | Sugar Substitutes Market Updates |
|---|---|
| 17-Feb-2023 | The 17 Best Sugar Substitutes For Your Coffee, Ranked |
| 27-Dec-2022 | Artificial Sweeteners as a Sugar Substitute: Are They Really Safe? |
| 12-Dec-2022 | Sugars and sugar substitutes testing - New Food Magazine |
| 09-Nov-2022 | Start-up cuts 70% sugar with sweetener-free substitute: 'It's a plug-and-play solution' |
| 23-Sep-2022 | The Real Reason Stevia Could Quickly Become The Top Sugar Substitute |
| 21-Sep-2022 | Researchers find new sugar substitutes in citrus that could change food and beverage industry |
| 08-Sep-2022 | Dr. Ann asks: Are sugar substitutes healthy? |
| 19-Aug-2022 | Some Sugar Substitutes Affect Blood Glucose and Gut Bacteria |
| 18-Apr-2022 | No, McDonald’s ice cream does not contain xylitol, a sugar substitute dangerous to dogs |
| 05-Apr-2022 | How sugar substitutes disrupt liver detoxification |
[204 Pages Report] According to MarketsandMarkets, the global sugar substitutes market size is projected to reach USD 20.6 billion by 2025, recording a CAGR of 4.5% during the forecast period. The global sugar substitutes industry has witnessed growing trends in the past years. The growth of this industry is majorly driven by increase in health consciousness among consumers to encourage the demand for healthier food choices, increase in demand for natural sweeteners due to the rise in consumer inclination toward natural products, and growing demand for sugar substitutes in various applications in the food & beverage industry. However, the growth of the market is inhibited by factors, such as ambiguity related to health problems due to the consumption of sugar substitutes.
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COVID-19 Analysis
The global sugar substitutes market is impacted highly due to the uncertain pandemic circumstances that occurred across the globe. The effects of COVID-19 impact the supply chain of the final products, as well as raw material ingredients. The North American region, followed by the Europe and Asia Pacific region, plays a vital role in the market due to the concentration of several key players operating from these regions. Hence, the market in terms of supply is projected to witness hindrances, as sugar substitutes produced by many key players in these regions cater to the end-users across the world. However, regional consumption is projected to witness a surge in the respective market itself, as consumers are increasingly concentrating on maintaining weight and following different diets for maintaining good health. This, altogether, is projected to drive the demand for sugar substitutes.
Market Dynamics
Drivers: Increase in health consciousness among consumers to encourage the demand for healthier food choices
Easy access to near-infinite information is increasingly making consumers aware of their nutritional needs. Owing to this, consumers have become more conscious about healthier choices with respect to food & beverages. They are increasingly demanding healthier, low-calorie food & beverages owing to the growing health problems. According to a National Diabetes Statistics Report, published by the US Department of Health & Human Services in 2020, 10.5% of the US population had diabetes in 2018, 13.0% of all US adults had diabetes, 2.8% of all US adults met laboratory criteria for diabetes were not aware of or did not report having diabetes, and 21.4% of all US adults were diagnosed with diabetes. According to the same source, the prevalence of obesity was 40.0% among young adults aged 20 to 39 years, 44.8% among middle-aged adults aged 40 to 59 years, and 42.8% among adults aged 60 and older. These increasing health conditions are resulting in an increased demand for low-calorie food & beverage products for helping consumers maintain a healthy diet. Most health-conscious consumers prefer sugar substitutes because they contain fewer calories than regular sugar. The consumption of sugar substitutes helps in providing benefits for health-conscious consumers. For instance, the consumption of sugar substitutes helps in weight control and diabetes. Artificial sweeteners are not carbohydrates, owing to which they generally don’t raise blood sugar levels. Sugar substitutes have virtually no calories, whereas a teaspoon of sugar has about 16 calories. Stevia is a sugar substitute that is hundreds of times sweeter than sugar and has virtually no calories.
Additionally, stevia helps in lowering high blood pressure in people with hypertension by 6–14%. It also helps in lowering blood sugar levels in people with diabetes. Stevia also helps in improving insulin sensitivity, reducing plaque buildup in the arteries, and reducing oxidized LDL cholesterol. Erythritol does not spike insulin or blood sugar levels and has no effect on blood lipids such as cholesterol or triglycerides. The numerous health benefits provided by sugar substitutes and increasing health consciousness among consumers drive the demand for sugar substitutes during the forecast period.
Restraints: Adherence to international quality standards and regulations for sugar substitutes products
International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), US Food and Drug Administration (FDA), World Health Organization (WHO), and Committee on the Environment, Public Health and Food Safety (EU) are associated with food safety regulations. These organizations have control over the usage of different chemicals and materials used in food processing, directly or indirectly. Sugar substitute products are subjected to rigorous health and safety checks. Various studies have been conducted by regulatory bodies for measuring and assessing the impact of these products on humans. Based on the results, products are classified, and the daily intake allowance (DIA) has been set. Standards set by agencies for the classification and usage levels differ with respective authoritative bodies and pose a serious problem to companies for streamlining product developments. European laws are stringent with artificial sweeteners, wherein the US regulations favor the introduction of novel sweeteners irrespective of the origin. Alitame, neotame, and stevioside are some of the sweeteners which are not currently permitted in Europe. Many stringent regulations on the processing, usage, consumption, and labeling of sugar substitutes cause difficulties for market growth. These regulations for the use of sweeteners as a food ingredient limit the growth of the sweeteners industry globally, especially in European countries.
Opportunities: Increase in investments in R&D activities by manufacturers to develope newer and enhanced products
Manufacturers are increasingly investing in the R&D of new sugar substitutes to gain a larger share than their competitors. Many food & beverage manufacturers are replacing regular sugars with sugar substitutes for lowering the calorie content of the final products. The demand for sugar substitutes from developed economies has increased. The major reason behind the substantial growth of the sugar substitutes market is the changing consumer attitude toward the consumption of sugar substitutes. The awareness about the ill-effects of high-calorie regular sugar consumption among consumers is increasing. To attract such potential consumers, sugar substitutes are made available across pharmacies, supermarkets, grocery stores, and health food shops in developed economies such as the US, Canada, and Germany.
Challenges: Product labeling and trade issues
The international regulatory bodies for food safety and quality are making food safety regulations more stringent. Apart from food testing and certification, these international regulatory bodies are compelling manufacturers to follow food labeling rules and regulations. Governments of most nations are taking initiatives to implement the food labeling law in their country. For instance, Canada’s Consumer Packaging and Labelling Act and Regulations force manufacturers to follow labeling to fulfill purposes such as:
- Provide a uniform method of labeling and packaging consumer goods, overcoming the confusion of different requirements under other legislation
- Require full and factual label information from which consumers can make an informed choice in the marketplace
- Prevent misrepresentation and deception in packaging and labeling
- Require the use of metric units of measurement and bilingual labelling
The stringent regulations put by regulatory bodies about testing, certification, usage, production, and labeling pose a challenge for manufacturers.
By type, the high-intensity sweeteners segment is projected to experience the fastest growth in the sugar substitutes market during the forecast period
The high-intensity sweeteners segment is expected to experience the fastest growth in the global market, on the basis of type, in 2019. The high-intensity sweeteners approved by the FDA are safe for the general population under certain conditions of use. Aspartame, sucralose, and saccharine are the major segments of the total high-intensity sweeteners market. Aspartame is the most commonly used low-calorie artificial sweetener in the highintensity sweeteners market. It is an odorless, white powder and is nearly 200 times sweeter than regular sugar. It is used as a food additive in desserts, sweets, drinks, chewing gums, and weight control products.
By composition, the aspertame in high-intensity sweeteners segment is projected to account for the largest share in the sugar substitutes market during the forecast period
The aspartame in high-intensity sweeteners segment accounted for a major share in the global market, in 2019, in terms of value. Aspartame is approved by the FDA for using it in food products as a nutritive sweetener. Aspartame was approved by the FDA in 1981 for uses, under certain conditions, as a tabletop sweetener, in cold breakfast cereals, chewing gum, and dry bases for certain foods, such as instant coffee, beverages, tea, puddings, gelatins, fillings, toppings, and dairy products. The FDA approved the use of aspartame in carbonated beverage syrup bases and carbonated beverages in 1983. In addition, the FDA approved aspartame for use as a general-purpose sweetener in 1996. Aspartame is one of the most comprehensively studied substances in the human food supply and has more than 100 studies supporting its safety.
By composition, the sorbitol in low-intensity sweeteners segment is projected to account for the largest share in the sugar substitutes market during the forecast period
The sorbitol in low-intensity sweeteners segment accounted for a major share in the global market, in 2019, in terms of value. Sorbitol is a low-calorie sugar, which is also known as a polyol or sugar alcohol. Naturally, it is found in food products, including apricots, prunes, apples, and blackberries. It contains nearly one-third fewer calories than sugar and is 60% percent as sweet as sugar. It has been used as a sugar substitute for diabetics since the 1930s and for the general population since the 1970s. It is not metabolized by bacteria in the mouth. Therefore, it does not contribute to tooth decay. It also improves the shelf life, appearance, and texture of food products in the absence of sugar and also has medicinal qualities. Sorbitol is also commercially produced and is the most commonly used polyol in the US. Sorbitol is safe to use, and its safety has been confirmed by global health authorities. It is used in retaining moisture in products and as an ingredient in sugar-free chewing gums, sweets, and pharmaceutical products.
By application, the beverage segment is projected to experience the fastest growth in the sugar substitutes market during the forecast period
The beverage segment accounted for a major share in the global market, in 2019, in terms of value. Sugar substitutes are currently preferred in beverages, such as diet carbonated drinks, flavored water, and other beverages. Stevia is a key sugar substitute used in beverages. It is a preferred sugar substitute with reduced-calorie and zero glycemic indexes, which is used to produce numerous versions of energy drinks, soft drinks, ready-to-drink teas, flavored water, and fruit juices. Other sugar substitutes, such as erythritol and xylitol, are also preferred among key players in the beverage industry. High-intensity sugar substitutes witness an increase in preference for the production of beverages. As a low volume of HIS is enough for imparting the required degree of sweetness to products, it remains a more economical option for the beverage industry. Thus, the expansion of the consumer base for beverage products provides an incentive for developing new sugar substitutes and products, thereby driving the market growth during the forecast period.
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Increase in preference for Low-Calorie and reduced-sugar beverage options among consumers to drive the market growth
The beverage segment is estimated to dominate the market for sugar substitutes, by application, in terms of value, in 2020. High-intensity sugar substitutes witness an increase in preference for the production of beverages. As a low volume of HIS is enough for imparting the required degree of sweetness to products, it remains a more economical option for the beverage industry. Thus, the expansion of the consumer base for beverage products provides an incentive for developing new sugar substitutes and products, thereby driving the market growth during the forecast period.
Geographical Prominence
North America is estimated to account for the largest share in the sugar substitutes market, in terms of value, in 2020. Key factors influencing the share of the region include the high demand for sugar replacers and sugar substitutes, the presence of major players in these regions, and an increase in consumption of processed sugar substitutes due to a high awareness of sugar substitute benefits. The market in the Asia Pacific region is witnessing a drastic transformation regarding diet diversification, rapid urbanization, and liberal trade policies in the food sector. Furthermore, a rise in consumer awareness about health issues and an increase in inclination of consumers toward health-benefiting food products are the major factors offering growth opportunities for sugar substitute manufacturers in the Asia Pacific region.
Asia Pacific is projected to grow at the highest growth rate during the forecast period
The Asia Pacific market is projected to grow at the fastest rate in the global market during the forecast period. The sugar substitutes market in the Asia Pacific region is growing due to the change in the lifestyle of customers and the increase in health consciousness among them. The market in this region is witnessing a drastic transformation regarding diet diversification, rapid urbanization, and liberal trade policies in the food sector. Furthermore, a rise in consumer awareness about health issues, an increase in inclination of consumers toward health-benefiting food products, and a surge in income and purchasing power are the major factors offering growth opportunities for sugar substitute manufacturers in the market in the region. The developing countries in the region are India and China due to the increase in urbanization, the rapid rise in household incomes, and the change in lifestyles of consumers in the country. Consumers in India and China have been witnessing a change in their eating habits.
Potential for diversification into other application sectors.
Apart from the most common applications of Sugar Substitutes like food, beverages, the diversified application sectors include health and personal care sectors.
For instance, Xylitol is a naturally present substance found in the fibers of many fruits and vegetables and can be made in small amounts by the body, which is frequently found in chewing gum and mints and can be replaced for sugar in many bakes, tea, and coffee. It has the same sweetness as sugar and has become a popular sweetener in health sector having little effect on blood sugar levels and insulin. Thus, it is seen as a useful alternative for diabetics and for dental benefits. Xylitol is also used as an ingredient in a few dental care products, including mouthwash, toothpaste, and other fluoride products., which creates potential for growth opportunity for the sugar substitutes market in the health and personal care industries.
Key Market Players:
DuPont (US), ADM (US), Tate & Lyle (UK), Ingredion Incorporated (US), Cargill Incorporated (US), Roquette Frères (France), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc. (US), JK Sucralose Inc. (China), and Ajinomoto Co. Inc. (Japan).
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size estimation |
2018–2025 |
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Base year considered |
2019 |
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Forecast period considered |
2020–2025 |
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Units considered |
Value (USD) and Volume (KT) |
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Segments covered |
Type, Composition, Application, and region |
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Regions covered |
North America, Europe, Asia Pacific, South America, and RoW |
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Companies studied |
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Target Audience:
- Raw material suppliers
- Regulatory bodies that include the following:
- Food safety agencies such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), US Department of Agriculture (USDA), and Food Standards Australia New Zealand (FSANZ)
- Government agencies and NGOs
- End users that include the following:
- Food & beverage manufacturers/suppliers
- Health & Personal care product manufacturers/suppliers
- Retailers
- Commercial research & development (R&D) institutions and financial institutions
- Importers and exporters of sugar substitutes
- Traders, distributors, and suppliers
- Research organizations
- Trade associations and industry bodies
Report Scope:
This research report categorizes the sugar substitutes market based on type, composition, application and region.
By Type
- High-fructose syrup
- High-intensity sweeteners
- Low-intensity sweeteners
By Composition
- High-intensity sweeteners (HIS)
- Stevia
- Aspertame
- Cyclamate
- Sucralose
- Saccharin
- ACE-K
- Other HIS (glycyrrhizin, alitame, and neotame)
- Low-intensity sweeteners
- D-tagtose
- Sorbitol
- Maltitol
- Xylitol
- Mannitol
- Erythritol
- Other LIS (isomalt, hydrogenated starch hydrolysates, lactitol, and trehalose)
By Application
- Food products
- Bakery
- Confectionery
- Dairy products
- Other food & beverage applications
- Beverages
- Health & personal care
By Region:
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World (RoW)
- Middle East
- Africa
Recent Developments
- In July 2020, Tate & Lyle launched the VANTAGE sweetener solution design tools. It is a set of new and innovative sweetener solution design tools along with an education program, which is designed for creating sugar-reduced food and drinks using low-calorie sweeteners.
- In July 2018, ADM and Aston Foods (Russia) entered into a joint venture of sweeteners and starches in Russia. This helped the company in expanding its footprint in the Russian sugar substitutes market.
Frequently Asked Questions (FAQ):
What are the upcoming trends or opportunities that a start-up company can look at, in the sugar substitutes market?
Start-up companies can invest in R&D activities to innovate vegan and calorie free products. This is cause the consumers are now shifting towards these options in the global market.
Which region witnesses to have a lucrative market?
Asia Pacific regional market exhibits lucrative opportunities. A number manufacturers have started investing in the region, owing to the market been at a nascent stage and the potential of high growth due to a rise in awareness and consumption.
Does the report provide bifurcation of the region into countries and provide insights?
Yes, the report provides further bifurcation of regions into countries. The data and insights have been provided for individual countries, that will help the companies or manufacturers understand country-level insights.
Can you provide company profiling for additional or customized companies?
Yes, we can provide additional profiling of companies.
Does the report provide COVID-19 impact analysis?
Yes, the report includes COVID-19 impact analysis. Also, it is further extended into every individual segment of the report. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 PERIODIZATION CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2016–2020
1.5 VOLUME UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from secondary sources
2.1.2.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 SUGAR SUBSTITUTES MARKET SIZE ESTIMATION-METHOD 1
2.2.2 SUGAR SUBSTITUTES MARKET SIZE ESTIMATION-METHOD 2
2.2.3 SUGAR SUBSTITUTES MARKET SIZE ESTIMATION NOTES
2.3 DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 33)
TABLE 2 MARKET SNAPSHOT, 2020 VS. 2025
FIGURE 4 SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION)
FIGURE 5 MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 6 MARKET SHARE, BY REGION (2020)
4 PREMIUM INSIGHTS (Page No. - 37)
4.1 BRIEF OVERVIEW OF THE MARKET
FIGURE 7 SUGAR SUBSTITUTES: AN EMERGING MARKET WITH HIGH GROWTH POTENTIAL
4.2 SUGAR SUBSTITUTES MARKET, BY REGION
FIGURE 8 ASIA PACIFIC TO GROW AT THE HIGHEST RATE IN THE SUGAR SUBSTITUTES MARKET FROM 2020 TO 2025
4.3 SUGAR SUBSTITUTES MARKET, BY APPLICATION
FIGURE 9 BEVERAGE SEGMENT, BASED ON APPLICATION, IS ESTIMATED TO DOMINATE THE MARKET IN 2020 (VALUE)
4.4 SUGAR SUBSTITUTES MARKET, BY TYPE
FIGURE 10 HIGH-INTENSITY SWEETENERS SEGMENT IS PROJECTED TO DOMINATE THE MARKET FROM 2020 TO 2025 (USD MILLION)
4.5 NORTH AMERICA: SUGAR SUBSTITUTES MARKET, BY APPLICATION AND COUNTRY
FIGURE 11 BEVERAGE, BASED ON APPLICATION, ACCOUNTED FOR THE LARGEST SHARE IN THE NORTH AMERICAN SUGAR SUBSTITUTES MARKET IN 2019
FIGURE 12 THE US, FOLLOWED BY CHINA, OCCUPIED A MAJOR SHARE IN THE GLOBAL MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 41)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 13 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increase in health consciousness among consumers to encourage the demand for healthier food choices
5.2.1.2 Increase in demand for natural sweeteners due to the rise in consumer inclination toward natural products
5.2.1.3 Demand for sugar substitutes in various applications in the food & beverage industry
5.2.1.4 Fluctuations in the price and supply to offer growth opportunities for sugar substitutes manufacturers
FIGURE 14 FRP OF SUGARCANE PAYABLE BY SUGAR FACTORIES IN INDIA, 2013-2018
5.2.2 RESTRAINTS
5.2.2.1 Adherence to international quality standards and regulations for sugar substitute products
5.2.2.2 Ambiguity related to health problems due to the consumption of sugar substitutes
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in investments in R&D activities by manufacturers to develop newer and enhanced products
5.2.3.2 Potential for diversification into other application sectors
5.2.4 CHALLENGES
5.2.4.1 Product labeling and claim issues
TABLE 3 CANADIAN FOOD LABELING REGULATIONS
5.2.5 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF SUGAR SUBSTITUTES
5.3 PATENT ANALYSIS
FIGURE 15 GEOGRAPHICAL ANALYSIS: PATENT APPROVAL FOR THE SUGAR SUBSTITUTES MARKET, 2015-2020
TABLE 4 LIST OF IMPORTANT PATENTS FOR SUGAR SUBSTITUTES, 2018-2020
6 VALUE CHAIN ANALYSIS (Page No. - 52)
FIGURE 16 SUGAR SUBSTITUTE DEVELOPMENT AND MANUFACTURING CONTRIBUTE MAXIMUM VALUE TO THE OVERALL SUGAR SUBSTITUTES MARKET
6.1 PORTER’S FIVE FORCES ANALYSIS
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: DEVELOPMENT AND LAUNCH OF NEW PRODUCTS HAVE INTENSIFIED INDUSTRIAL RIVALRY
6.1.1 THREAT OF NEW ENTRANTS
6.1.2 THREAT OF SUBSTITUTES
6.1.3 BARGAINING POWER OF SUPPLIERS
6.1.4 BARGAINING POWER OF BUYERS
6.1.5 INTENSITY OF COMPETITIVE RIVALRY
6.2 TRADING AND QUALITY PRACTICES FOR SUGAR SUBSTITUTES
6.3 PRICING ANALYSIS OF SUGAR SUBSTITUTE
6.4 MARKET ECOSYSTEM
FIGURE 18 ECOSYSTEM-SUGAR SUBSTITUTES MARKET
6.5 YC-YCC SHIFT
FIGURE 19 YC-YCC SHIFT SUGAR SUBSTITUTES MARKET
7 REGULATIONS (Page No. - 57)
7.1 STRINGENT INTERNATIONAL REGULATIONS OVER SUGAR SUBSTITUTES
7.1.1 US
7.1.2 EUROPE
7.1.3 CHINA
7.1.4 INDIA
8 CASE STUDY ANALYSIS (Page No. - 69)
8.1 CASE STUDIES ON TOP INDUSTRY INNOVATIONS AND BEST PRACTICES
8.1.1 INCREASE IN INITIATIVES FOR SUGAR REDUCTION
8.1.2 YACON SYRUPS ARE GAINING TRACTION IN THE SUGAR SUBSTITUTES INDUSTRY
9 SUGAR SUBSTITUTES MARKET, BY TYPE (Page No. - 70)
9.1 INTRODUCTION
FIGURE 20 HIGH-INTENSITY SWEETENERS DOMINATED THE SUGAR SUBSTITUTES MARKET, 2015 VS. 2020 (USD MILLION)
TABLE 5 SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 6 SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2018–2025 (KT)
9.2 COVID-19 IMPACT ANALYSIS
TABLE 7 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
TABLE 8 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
TABLE 9 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
9.3 HIGH-FRUCTOSE SYRUP
TABLE 10 HIGH FRUCTOSE SYRUP MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 HIGH FRUCTOSE SYRUP MARKET SIZE, BY REGION, 2018–2025 (KT)
9.4 HIGH-INTENSITY SWEETENERS
TABLE 12 HIGH-INTENSITY SWEETENERS SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 HIGH-INTENSITY SWEETENERS MARKET SIZE, BY REGION, 2018–2025 (KT)
9.5 LOW-INTENSITY SWEETENERS
TABLE 14 LOW-INTENSITY SWEETENERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 LOW-INTENSITY SWEETENERS MARKET SIZE, BY REGION, 2018–2025 (KT)
10 SUGAR SUBSTITUTES MARKET, BY COMPOSITION (Page No. - 77)
10.1 INTRODUCTION
TABLE 16 SUGAR SUBSTITUTES MARKET SIZE, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 17 MARKET SIZE, BY COMPOSITION, 2018–2025 (KT)
10.2 HIGH-INTENSITY SWEETENERS (HIS)
10.2.1 HIGH-INTENSITY SWEETENERS (HIS) CAN BE USED IN THE MOST COMPLEX PRODUCTS TO PRODUCE A NATURAL AND SWEET FLAVOR
FIGURE 21 HIS: SUGAR SUBSTITUTE MARKET SIZE, BY COMPOSITION, 2020 VS. 2025 (USD MILLION)
TABLE 18 SUGAR SUBSTITUTES MARKET SIZE FOR HIS, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 19 MARKET SIZE FOR HIS, BY COUNTRY, 2018–2025 (KT)
TABLE 20MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 21 MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (KT)
10.2.2 STEVIA
TABLE 22 STEVIA MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 STEVIA MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.3 ASPERTAME
TABLE 24 ASPARTAME MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 ASPARTAME MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.4 CYCLAMATE
TABLE 26 CYCLAMATE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 CYCLAMATE MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.5 SUCRALOSE
TABLE 28 SUCRALOSE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 SUCRALOSE MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.6 SACCHARIN
TABLE 30 SACCHARIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 SACCHARIN MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.7 ACE-K
TABLE 32 ACE-K MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 33 ACE-K MARKET SIZE, BY REGION, 2018–2025 (KT)
10.2.8 OTHER HIS
TABLE 34 OTHER HIS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 35 OTHER HIS MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3 LOW-INTENSITY SWEETENERS (LIS)
10.3.1 LOW-CALORIE PROPERTY OF LOW-INTENSITY SWEETENERS HELPS DIABETIC CUSTOMERS WITH WEIGHT MANAGEMENT
FIGURE 22 LIS: SUGAR SUBSTITUTE MARKET SIZE, BY COMPOSITION, 2015 VS. 2020 (USD MILLION)
TABLE 36 SUGAR SUBSTITUTES MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 37 MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 38 MARKET SIZE FOR LIS, BY REGION, 2018–2025 (USD MILLION)
TABLE 39 MARKET SIZE FOR LIS, BY COUNTRY, 2018–2025 (KT)
10.3.2 D-TAGTOSE
TABLE 40 D-TAGATOSE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 41 D-TAGATOSE MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.3 SORBITOL
TABLE 42 SORBITOL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 43 SORBITOL MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.4 MALTITOL
TABLE 44 MALTITOL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 45 MALTITOL MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.5 XYLITOL
TABLE 46 XYLITOL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 47 XYLITOL MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.6 MANNITOL
TABLE 48 MANNITOL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 MANNITOL MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.7 EYTHRITOL
TABLE 50 EYTHRITOL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 51 EYTHRITOL MARKET SIZE, BY REGION, 2018–2025 (KT)
10.3.8 OTHER LIS
TABLE 52 OTHER LIS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 53 OTHER LIS MARKET SIZE, BY REGION, 2018–2025 (KT)
11 SUGAR SUBSTITUTES MARKET, BY APPLICATION (Page No. - 99)
11.1 INTRODUCTION
FIGURE 23 SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
TABLE 54 MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 55 MARKET SIZE, BY APPLICATION, 2018–2025 (KT)
11.2 COVID-19 IMPACT ANALYSIS
TABLE 56 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
TABLE 57 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
TABLE 58 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
11.3 FOOD PRODUCTS
11.3.1 RISE IN HEALTH CONCERNS AMONG CONSUMERS WHO PREFER SUGAR-BASED FOOD PRODUCTS ENCOURAGES KEY PLAYERS TO OPT FOR SUGAR SUBSTITUTES
11.3.1.1 Food products, by application
TABLE 59 SUGAR SUBSTITUTES MARKET SIZE IN FOOD PRODUCTS, BY APPLICATION, 2018–2025 (USD MILLION)
11.3.1.1.1 Confectionery
TABLE 60 CONFECTIONERY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11.3.1.1.2 Bakery
TABLE 61 BAKERY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11.3.1.1.3 Dairy products
TABLE 62 DAIRY PRODUCTS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11.3.1.1.4 Other food & beverage applications
TABLE 63 OTHER FOOD PRODUCTS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11.4 BEVERAGES
11.4.1 INCREASE IN PREFERENCE FOR LOW-CALORIE AND REDUCED-SUGAR BEVERAGE OPTIONS AMONG CONSUMERS TO DRIVE THE MARKET GROWTH OF SUGAR SUBSTITUTES
TABLE 64 BEVERAGES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11.5 HEALTH & PERSONAL CARE
11.5.1 NATURAL SWEETENERS IMPROVE THE HEALTH-ENHANCING FEATURES OF PHARMACEUTICAL PRODUCTS, THEREBY WIDENING THE GROWTH PROSPECTS OF MANUFACTURERS
TABLE 65 HEALTH & PERSONAL CARE PRODUCTS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
12 SUGAR SUBSTITUTES MARKET, BY REGION (Page No. - 109)
12.1 INTRODUCTION
FIGURE 24 CHINA AND INDIA TO ACCOUNT FOR THE HIGHEST GROWTH RATE IN THE SUGAR SUBSTITUTES MARKET
TABLE 66 SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 67 MARKET SIZE, BY REGION, 2018–2025 (KT)
12.2 COVID-19 IMPACT ANALYSIS
TABLE 68 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (OPTIMISTIC SCENARIO)
TABLE 69 COVID-19 IMPACT ON THE SUGAR SUBSTITUTE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (REALISTIC SCENARIO)
TABLE 70 COVID-19 IMPACT ON THE SUGAR SUBSTITUTES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) (PESSIMISTIC SCENARIO)
12.3 NORTH AMERICA
12.3.1 INTRODUCTION
FIGURE 25 NORTH AMERICA: SUGAR SUBSTITUTES MARKET, 2018-2025
TABLE 71 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 72 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (KT)
TABLE 73 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 74 NORTH AMERICA: MARKET SIZE, BY FOOD PRODUCTS, 2018–2025 (USD MILLION)
TABLE 75 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 76 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (KT)
TABLE 77 NORTH AMERICA: MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 78 NORTH AMERICA: MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 79 NORTH AMERICA: MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 80 NORTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE FOR LIS, BY COMPOSITION, 2019–2025 (KT)
12.3.2 US
12.3.2.1 Increase in awareness among consumers about the benefits of consuming sugar substitute-based products
12.3.3 CANADA
12.3.3.1 Rise in incidences of diabetes and other chronic diseases to drive the market growth for sugar substitutes in Canada
12.3.4 MEXICO
12.3.4.1 Increase in incidences of diabetes and obesity among consumers is creating growth opportunities for sugar substitutes manufacturers in the country
12.4 EUROPE
12.4.1 INTRODUCTION
TABLE 81 EUROPE: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 82 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (KT)
TABLE 83 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 84 EUROPE: MARKET SIZE, BY FOOD PRODUCTS, 2020–2025 (USD MILLION)
TABLE 85 EUROPE: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 86 EUROPE: MARKET SIZE, BY TYPE, 2019–2025 (KT)
TABLE 87 EUROPE: MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 88 EUROPE: MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 89 EUROPE: MARKET SIZE FOR HIS, BY COMPOSITION, 2019–2025 (USD MILLION)
TABLE 90 EUROPE: MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
12.4.2 UK
12.4.2.1 Rise in incidences of diabetes and obesity creates growth potential for manufacturers in the sugar substitutes market in the UK
12.4.3 GERMANY
12.4.3.1 Increase in the inclination of consumers toward a balanced lifestyle to drive the demand for sugar substitutes
12.4.4 FRANCE
12.4.4.1 Development in the beverage industry and the rise in its consumption among consumers in the country to drive the market growth
12.4.5 ITALY
12.4.5.1 Rise in demand among consumers for health-enriching beverages significantly drives the market growth
12.4.6 SPAIN
12.4.6.1 Increase in government encouragement toward the consumption of health-enriching food and beverages to drive the market growth
12.4.7 REST OF EUROPE
12.4.7.1 Rise in demand among key players in the confectionery and other food application industry
12.5 ASIA PACIFIC
FIGURE 26 ASIA PACIFIC: SUGAR SUBSTITUTES MARKET
TABLE 91 ASIA PACIFIC: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 92 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (KT)
TABLE 93 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 94 ASIA PACIFIC: MARKET SIZE, BY FOOD PRODUCTS, 2018–2025 (USD MILLION)
TABLE 95 ASIA PACIFIC: MARKET SIZE, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 96 ASIA PACIFIC: MARKET SIZE, BY COMPOSITION, 2018–2025 (KT)
TABLE 97 ASIA PACIFIC: SUGAR SUBSTITUTE MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 98 ASIA PACIFIC: SUGAR SUBSTITUTE MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 99 ASIA PACIFIC: SUGAR SUBSTITUTE MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 100 ASIA PACIFIC: SUGAR SUBSTITUTE MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
12.5.1 CHINA
12.5.1.1 Increase in awareness about the dangers pertaining to the excessive consumption of sugar creates growth opportunities for sugar substitutes manufacturers in China
12.5.2 INDIA
12.5.2.1 Increase in awareness and endorsements by famous personalities and culinary experts encourage the Indian diabetic population to opt for sugar substitutes
12.5.3 JAPAN
12.5.3.1 Health conditions related to metabolic syndrome have encouraged consumers in Japan to opt for products with health benefits
12.5.4 AUSTRALIA & NEW ZEALAND
12.5.4.1 Increase in initiatives by the government pertaining to the adoption of low-calorie and sugar-free products to drive the market growth for sugar substitutes in the region
12.5.5 REST OF ASIA PACIFIC
12.5.5.1 Increase in health consciousness among consumers drives the market growth for sugar substitutes in the region
12.6 SOUTH AMERICA
TABLE 101 SOUTH AMERICA: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 102 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (KT)
TABLE 103 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 104 SOUTH AMERICA: MARKET SIZE, BY FOOD PRODUCTS, 2018–2025 (USD MILLION)
TABLE 105 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 106 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (KT)
TABLE 107 SOUTH AMERICA: SUGAR SUBSTITUTE MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 108 SOUTH AMERICA: SUGAR SUBSTITUTE MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 109 SOUTH AMERICA: SUGAR SUBSTITUTE MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 110 SOUTH AMERICA: SUGAR SUBSTITUTE MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
12.6.1 BRAZIL
12.6.1.1 Increase in the number of health-conscious consumers to create growth opportunities for manufacturers in the growth of the market
12.6.2 ARGENTINA
12.6.2.1 Increase in urbanization and rise in awareness among consumers are the key factors driving the growth of the sugar substitutes market in Argentina
FIGURE 27 ARGENTINA HEALTH EXPENDITURE (% OF GDP): 2012–2017
12.6.3 REST OF SOUTH AMERICA
12.6.3.1 Increase in the trend of maintaining health and wellness levels to drive the market growth
12.7 REST OF THE WORLD
TABLE 111 REST OF THE WORLD: SUGAR SUBSTITUTES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 112 REST OF THE WORLD: MARKET SIZE, BY COUNTRY, 2018–2025 (KT)
TABLE 113 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 114 REST OF THE WORLD: MARKET SIZE, BY FOOD PRODUCTS, 2018–2025 (USD MILLION)
TABLE 115 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 116 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2018–2025 (KT)
TABLE 117 REST OF THE WORLD: MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 118 REST OF THE WORLD: SUGAR SUBSTITUTES MARKET SIZE FOR HIS, BY COMPOSITION, 2018–2025 (KT)
TABLE 119 REST OF THE WORLD: SUGAR SUBSTITUTES MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (USD MILLION)
TABLE 120 REST OF THE WORLD: SUGAR SUBSTITUTES MARKET SIZE FOR LIS, BY COMPOSITION, 2018–2025 (KT)
12.7.1 MIDDLE EAST
12.7.1.1 Increase in the number of products with natural ingredients and health consciousness among consumers to significantly create growth opportunities for manufacturers in the Middle East sugar substitute market
12.7.2 AFRICA
12.7.2.1 Increase in urbanization and rise in awareness among consumers are the key factors driving the growth of the sugar substitute market in Africa
13 COMPETITIVE LANDSCAPE (Page No. - 146)
13.1 OVERVIEW
FIGURE 28 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE SUGAR SUBSTITUTE MARKET, 2017-2020
13.2 MARKET SHARE OF KEY PLAYERS, 2019
FIGURE 29 KEY PLAYERS IN THE SUGAR SUBSTITUTES MARKET
13.3 COMPETITIVE SCENARIO
13.3.1 NEW PRODUCT LAUNCHES
TABLE 121 NEW PRODUCT LAUNCHES
13.3.2 EXPANSIONS & INVESTMENTS
TABLE 122 EXPANSIONS & INVESTMENTS
13.3.3 MERGERS & ACQUISITIONS
TABLE 123 MERGERS & ACQUISITIONS
13.3.4 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS
TABLE 124 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS
14 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 153)
14.1 COMPETITIVE LEADERSHIP MAPPING
14.1.1 STARS
14.1.2 EMERGING LEADERS
14.1.3 PERVASIVE
14.1.4 EMERGING COMPANIES
FIGURE 30 GLOBAL MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
14.2 START-UP MICROQUADRANT
14.2.1 PROGRESSIVE COMPANIES
14.2.2 RESPONSIVE COMPANIES
14.2.3 DYNAMIC COMPANIES
14.2.4 STARTING BLOCKS
FIGURE 31 GLOBAL MARKET START-UP COMPETITIVE LEADERSHIP MAPPING, 2020
14.3 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
14.3.1 DUPONT
TABLE 125 DUPONT: BUSINESS OVERVIEW
FIGURE 32 DUPONT: COMPANY SNAPSHOT
TABLE 126 DUPONT: PRODUCTS OFFERED
14.3.2 ADM
TABLE 127 ADM: BUSINESS OVERVIEW
FIGURE 33 ADM: COMPANY SNAPSHOT
TABLE 128 ADM: PRODUCTS OFFERED
14.3.3 TATE & LYLE
TABLE 129 TATE & LYLE: BUSINESS OVERVIEW
FIGURE 34 TATE & LYLE: COMPANY SNAPSHOT
TABLE 130 TATE & LYLE: PRODUCTS OFFERED
14.3.4 INGREDION INCORPORATED
TABLE 131 INGREDION INCORPORATED: BUSINESS OVERVIEW
FIGURE 35 INGREDION INCORPORATED: COMPANY SNAPSHOT
TABLE 132 INGREDION INCORPORATED: PRODUCTS OFFERED
14.3.5 CARGILL INCORPORATED
TABLE 133 CARGILL INCORPORATED: BUSINESS OVERVIEW
FIGURE 36 CARGILL INCORPORATED: COMPANY SNAPSHOT
TABLE 134 CARGILL INCORPORATED: PRODUCTS OFFERED
14.3.6 ROQUETTE FRÈRES
TABLE 135 ROQUETTE FRÈRES: BUSINESS OVERVIEW
FIGURE 37 ROQUETTE FRÈRES: COMPANY SNAPSHOT
TABLE 136 ROQUETTE FRÈRES: PRODUCTS OFFERED
14.3.7 PURECIRCLE LTD
TABLE 137 PURECIRCLE LTD: BUSINESS OVERVIEW
FIGURE 38 PURECIRCLE LTD: COMPANY SNAPSHOT
TABLE 138 PURECIRCLE LTD: PRODUCTS OFFERED
14.3.8 MACANDREWS & FORBES HOLDINGS INC
TABLE 139 MACANDREWS & FORBES HOLDINGS INC: BUSINESS OVERVIEW
TABLE 140 MACANDREWS & FORBES HOLDINGS INC: PRODUCTS OFFERED
14.3.9 JK SUCRALOSE INC.
TABLE 141 JK SUCRALOSE INC.: BUSINESS OVERVIEW
TABLE 142 JK SUCRALOSE INC.: PRODUCTS OFFERED
14.3.10 AJINOMOTO CO. INC.
TABLE 143 AJINOMOTO CO. INC.: BUSINESS OVERVIEW
FIGURE 39 AJINOMOTO CO. INC.: COMPANY SNAPSHOT
TABLE 144 AJINOMOTO CO. INC.: PRODUCTS OFFERED
14.4 COMPANY PROFILES (STARTUP/SME PLAYERS)
14.4.1 STEVIA HUB INDIA
TABLE 145 STEVIA HUB INDIA: BUSINESS OVERVIEW
TABLE 146 STEVIA HUB INDIA: PRODUCTS OFFERED
14.4.2 SUMINTER INDIA ORGANICS
TABLE 147 SUMINTER INDIA ORGANICS: BUSINESS OVERVIEW
TABLE 148 SUMINTER INDIA ORGANICS:
14.4.3 STEVIA BIOTECH PVT LTD
TABLE 149 STEVIA BIOTECH PVT LTD: BUSINESS OVERVIEW
TABLE 150 STEVIA BIOTECH PVT LTD: PRODUCTS OFFERED
14.4.4 THE REAL STEVIA COMPANY
TABLE 151 THE REAL STEVIA COMPANY: BUSINESS OVERVIEW
TABLE 152 THE REAL STEVIA COMPANY: PRODUCTS OFFERED
14.4.5 SWEETLY STEVIA USA
TABLE 153 SWEETLY STEVIA USA: BUSINESS OVERVIEW
TABLE 154 SWEETLY STEVIA USA: PRODUCTS OFFERED
14.4.6 PYURE BRANDS LLC
TABLE 155 PYURE BRANDS LLC: BUSINESS OVERVIEW
TABLE 156 PYURE BRANDS LLC.: PRODUCTS OFFERED
14.4.7 XILINAT
TABLE 157 XILINAT: BUSINESS OVERVIEW
TABLE 158 XILINAT: PRODUCTS OFFERED
14.4.8 FOODITIVE B.V.
TABLE 159 FOODITIVE B.V.: BUSINESS OVERVIEW
TABLE 160 FOODITIVE B.V.: PRODUCTS OFFERED
14.4.9 SAGANÀ ASSOCIATION
TABLE 161 SAGANÀ ASSOCIATION: BUSINESS OVERVIEW
TABLE 162 SAGANÀ ASSOCIATION: PRODUCTS OFFERED
14.4.10 HEARTHSIDE FOOD SOLUTIONS LLC
TABLE 163 HEARTHSIDE FOOD SOLUTIONS LLC.: BUSINESS OVERVIEW
TABLE 164 HEARTHSIDE FOOD SOLUTIONS LLC: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 196)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
This research study involved the extensive use of secondary sources—directories and databases, such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, marketoriented, and commercial study of the sugar substitute market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), and C-level executives of key market players and industry consultants—to obtain and verify critical qualitative and quantitative information, as well as to assess growth prospects. The following figure depicts the research design applied in drafting this report on the sugar substitutes market.
Secondary Research
In the secondary research process, various sources, such as the AFND (Association of Health Food Nutrition and Dietetics), USDA (United States Department of Agriculture), FDA (US Food and Drug Administration), ANA (American Nutrition Association), and American Society for Nutrition were referred to identify and collect information for this study. The secondary sources also include clinical studies and journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases. Secondary research was mainly conducted to obtain key information about the industry’s supply chain, the total pool of key players, and market classification & segmentation according to the industry trends to the bottom-most level and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The market comprises several stakeholders in the supply chain, which include raw material suppliers and sugar substitutes manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary sources from the demand-side include distributors, importers, exporters, and end consumers.
Given below is the breakdown of the primary respondents.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the sugar substitute market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and the overall markets were identified through extensive secondary research.
- The revenues of the major sugar substitute players were determined through primary and secondary research, which were used as the basis for market sizing and estimation.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All macroeconomic and microeconomic factors affecting the growth of the sugar substitute market were considered while estimating the market size.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To estimate the overall sugar substitute market and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- Determining and projecting the size of the sugar substitutes market, with respect to type, composition, application, and regions, over five years, ranging from 2020 to 2025
- Identifying the attractive opportunities in the market by determining the largest and fastestgrowing segments across regions
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Analyzing the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
- Identifying and profiling the key players in the sugar substitute market
- Providing a comparative analysis of market leaders on the basis of the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
- Analyzing the value chain and products across key regions and their impact on prominent market players
- Providing insights on key product innovations and investments in the sugar substitute market
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:
Geographic Analysis
- Further breakdown of the Rest of the World sugar substitutes market into Middle East & Africa.
- Further breakdown of the Rest of European sugar substitutes market into Poland, Russia, Belgium, and the other EU and non-EU countries
- Further breakdown of the Rest of Asia Pacific into Thailand, Malaysia, Indonesia, South Korea, Philippines, and Vietnam.
- Further breakdown of the Rest of South America into Colombia, Peru, Chile, and Venezuela.
Segment Analysis
- Further breakdown of the other high-intensity sweeteners segment into glycyrrhizin, alitame, and neotame.
- Further breakdown of the other low-intensity sweeteners segment into isomalt, hydrogenated starch hydrolysates, lactitol, and trehalose.
Growth opportunities and latent adjacency in Sugar Substitutes Market