The global sugar substitutes market size is expected to reach USD 11.25 billion by 2032, expected to grow at a CAGR of 5.7% during the forecast period.
The sugar substitutes market has become a rapidly growing segment in the global food and beverage industry. With increasing awareness about the health risks associated with excessive sugar consumption, consumers and manufacturers are turning to sugar substitutes as healthier alternatives. These substitutes cater to various dietary needs, including low-calorie, low-glycemic, and diabetic-friendly options.
Market Growth Drivers
- Rising Prevalence of Lifestyle Diseases
- Increasing cases of diabetes, obesity, and cardiovascular diseases are driving demand for low-calorie sweeteners.
- Consumer Shift Toward Healthier Diets
- Growing awareness of the adverse effects of high sugar intake is encouraging the adoption of sugar substitutes.
- Expansion of the Food and Beverage Industry
- Increasing use of sugar substitutes in beverages, baked goods, and dairy products is boosting market growth.
Some of the major players operating in the global market include:
- Ajinomoto Co.
- Archer Daniels Midland Company (ADM)
- Cargill, Inc.
- E. I. DuPont De Nemours
- Ingredion Inc.
- JK Sucralose, Inc.
- The NutraSweet Company
- PureCircle
- Roquette Freres
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Recent Developments
- In July 2022, Swerve, a plant-based sweeteners manufacturer based in U.S., launched customized sweeteners packets and products for the U.S. consumers.
- In March 2022, Cargill launched stevia products with EverSweet + ClearFlo technology, providing a more sophisticated flavor profile. This advanced sweetener system seamlessly combines stevia sweetener with a distinct flavor, providing numerous benefits such as improved flavor dynamics, dispersion, and increased stability and solubility in various formulations.
- In December 2021, B.T. Sweets launched Cambya, a plant-derived sweetener crafted from soluble fibers, monk fruit, and carefully chosen botanicals. This adaptable product is suitable for use in a wide range of temperature conditions, including hot, dry, and cold applications.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include type, application, end use and region. The splitting of the market into various groups enables businesses to understand market preferences and trends better. Also, stakeholders can develop products/services that align with the diverse needs of consumers in the industry. Besides, the research study includes a thorough examination of all the major sub-segments in the market.
Sugar Substitutes, Type Outlook (Revenue – USD Billion, 2019 – 2032)
- High-intensity Sweeteners
- Natural
- Stevia Extracts
- Licorice Root Extracts
- Monk Fruit Extracts
- Artificial
- Stevia Extracts
- Licorice Root Extracts
- Monk Fruit Extracts
- Low-intensity Sweeteners
- Xylitol
- Sorbitol
- Maltitol
- Mannitol
- Trehalose
- Isomaltulose
- Others
- High Fructose Syrup
Sugar Substitutes, Source Outlook (Revenue – USD Billion, 2019 – 2032)
- Artificial
- Natural
Sugar Substitutes, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Food
- Bakery
- Confectionery
- Dairy
- Others
- Beverages
- Juices
- Functional Drinks
- Carbonated Drinks
- Non-Dairy
- Milk and Dairy
- Others
- Health & Personal Care
The sugar substitutes market is positioned for robust growth as health-conscious consumers increasingly seek alternatives to traditional sugar. Driven by innovations in product development, the expansion of the food and beverage sector, and a focus on natural ingredients, the market is expected to thrive in the coming years. Manufacturers that prioritize clean-label, sustainable, and functional sugar substitutes will gain a competitive edge in this dynamic market.