Sugar Substitutes Market

Market Leader - Dupon and ADM are focusing on developing new products and expanding their businesses to strengthen their market position in Sugar Substitutes Market

The global sugar substitutes market size is estimated to be valued at USD 16.5 billion in 2020 and 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.

Key players in this market include 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).

To know about the assumptions considered for the study download the pdf brochure

DuPont serves a diverse array of products and has twenty-three product lines, which primarily deal in adhesives, advanced printing solutions, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, dietary supplements, electronic solutions, fabrics fibers and nonwovens, food and beverage ingredients, home garden and car care, industrial enzymes and bioactive, industrial films, medical devices and materials, microbial control solutions, packaging materials & solutions, pharmaceutical ingredients, personal care ingredients, personal protective equipment, resins, solar, and water solutions. It holds 176 brands under all of its business segments. DuPont offers a broad range of products, such as enzymes, probiotics, dietary fibers, betaine, antioxidants, emulsifiers, sweeteners, carrageenan, and meat cultures. Under sweeteners, the company provides a wide range of sugar substitutes. The operations of the company are spread across 120 countries, covering regions such as Africa, Asia Pacific, Europe, the Middle East, North America, and South America, with 75 R&D centers and 12 laboratories. The company’s major subsidiaries include Solae L.L.C. (US), Danisco Inc. (US), and Pioneer Hi-Bred International, Inc. (US). The company drives its business through diverse establishments, which include wholly-owned subsidiaries, joint undertakings, sales agents, and independent traders. DuPont’s product, XIVIA Xylitol, received reapproval from South Korea’s Ministry of Food and Drug Safety (MFDS) for health claims. This will allow manufacturers to continue using XIVIA for developing sugar-free products in various industries, such as confectionery, dairy, beverage, bakery, and dietary supplements.

ADM is a food manufacturing company that is primarily involved in the production of food & beverage ingredients, feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company provides numerous products and services under three major segments: industries, innovation, and services. ADM serves food & beverage, animal nutrition, industrials, and fuels under the industries segment. The company offers a wide range of product portfolio under the food & beverage segment, including acidulants, alcohol, ancient grains & seeds, bases, seasonings & powders, beans & pulses, colors, emulsifiers & stabilizers, fibers, flavors, extracts, distillates, flours & grains, functional health, mixes, icings & fillings, nuts, edible oils, proteins, starches, and sweetening solutions. Under sweetening solutions, ADM offers a wide range of sugar substitutes. The company operates through 46 innovation centers, 271 processing plants, 450 crop procurement facilities, and 200 bulk storage facilities in around 170 countries. In 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. Moreover, in 2017, ADM acquired Chamtor, a French producer of wheat-based sweeteners and starches. This helped the company in catering to the increasing demand for sweeteners in Europe, the Middle East, and North Africa. And in 2017, ADM launched two new sweetener brands, SweetRight stevia, and VerySweet monk fruit. These two new products added to the ADM portfolio are sourced through ADM’s partnership with GLG Life Tech Corporation. This helped ADM in expanding its product portfolio.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
FB 2579
RI Published ON
12/9/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Sugar Substitutes Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved