Sugar Substitutes Market

Sugar Substitutes Market : Market Leader

The global market for sugar substitutes was estimated to grow at a CAGR of 4.5% from 2014 to 2019. North America acquires a majority share in global sugar substitutes market. The demand for low caloric foods and low intensity sweeteners drives the North American market. Sweeteners such as high fructose syrup and saccharine and other substitutes such as stevia, sorbitol, xylitol, and other polyols are expected to dominate the future market scenarios. A high rate of adoption of stevia by manufacturers drives the European market to grow at a healthy CAGR of 5.0% from 2014 to 2019.

The global sugar substitutes market in 2012 was dominated by the high intensity sweeteners segment, in terms of value, and the high fructose syrup segment in terms of volume. A high rate of adoption of stevia by manufacturers drives the European market to grow at a higher rate. This is due to the various research and developments programs and advancements taking place in the sugar substitute industry in Europe.

The sugar substitutes industry is fragmented with large number of players capturing a small ratio of the overall market. The market is acquired by few large and many small- and medium-scale players. However, the major players identified in sugar substitutes industry are Tate & Lyle plc (U.K.), PureCircle (Malaysia), Cargill Inc. (U.S.), Merisent (U.S.), JK Sucralose (the Netherlands), Ajinomoto (Japan), and Archer Daniels Midland Co. (U.S.)..

Sugar Substitutes Market Share Analysis, by Company, 2013

Sugar Substitutes Market

Source: Industry Journals, Company Presentation, and MarketsandMarkets Analysis

The top five players in the sugar substitutes industry acquired a share of 61% whereas other players captured a share of 39% in 2013. Tate & Lyle Plc. is identified as a major player among all the sugar substitute manufacturers. The wide product portfolio of the company and tendency to serve the major application market makes it a major player in the sugar substitutes industry.

Related Reports:

Sugar Substitutes Market by Type (HFS, HIS & LIS), by Sub-type (Stevia, Sorbitol, Tagatose, Aspartame, Saccharine, Sucralose, Xylitol & Others) & by Application (Healthcare & Personal Care, Beverage, & Food) - Global Trends, Forecasts to 2019

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Report Code
FB 2579
RI Published ON
7/4/2014
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