Press Release

Global Sugar Substitute Market to Surpass US$ 9.66 Billion by 2025

Published On : 2018-10-05

Global Sugar Substitute Market Size is gaining importance in North America, owing to rising food processing industry, growing pervasiveness of diabetes, and increasing obesity among the population (way higher than the European countries). For instance, the count of the diabetic people has been surging owing to unhealthy diet, lifestyle pattern, high sugar intake and others. The International Diabetes Federation listed 425 million of diabetic people currently i.e., higher than the population in the US. This is further expected to grow approximately by 1.5 times by 2045, reaching 629 million, thus driving the demand of Sugar Substitute market. In addition, stringent regulations have been articulated by the Food and Drugs Act (FDA) in Canada, to use sugar substitutes. For instance, in 2017, FDA has approved various sugar substitute includes acesulfame-potassium, polydextrose, and sugar alcohols (polyols) like sorbitol, and isomalt. These sugar substitutes are added to pre-packaged foods under Canada's Food and Drug Regulations.

APAC is expected to witness significant growth in the sugar substitute market owing to the push from China and Japan. China is the leading sweetener-producing country across the globe and is dominating the high-intensity sweeteners (HIS) market. The HIS primarily includes sucralose, saccharin, aspartame, etc. The Chinese consumption and demand for HIS are huge and it is further expected to increase with the rising population and government’s plan to introduce policies for sugar tax in the forecast period, thus fostering the Sugar Substitute market.

The Global Sugar Substitute Market is expected to grow at a CAGR of 3.75% during the forecast period.

Key Trends:

  • The manufacturers are involved in the new product enhancement to cater the growing market needs. For instance, Glycoscience, a biotech company in Cambridge was awarded with £60,000 by the Eastern Agri-Tech Growth Initiative. This is primarily to capitalize in the enhancement of its natural sugar substitute technology, due to the high demand of sugar substitute owing to changing consumer preferences and government regulations.
  • Various tax are being implemented on using sugar substitutes in the food & beverages owing to the customer inclination towards healthy lifestyle. For instance, the tax has been implemented on polyol sugar-sweetened beverages by the Mexican government at USD 0.057 per liter, which foster the consumer’s concerns over dietary habits, thus fostering the market growth.
  • The companies are adding sugar substitute in their product for health conscious people. For instance, PepsiCo, a food company has added aspartame (artificial sweetener) back to its flagship with new Diet Pepsi product. The aspartame-free version will still be available, through e-commerce site.

The key manufacturers operating in the sugar substitute market include Tate & Lyle.; Archer Daniels Midland Company; Ingredion Incorporated; Cargill; Incorporated; PureCircle; The NutraSweet Company; Roquette; Ajinomoto Co., Inc.; JK Sucralose Inc.; and E. I. DuPont De Nemours. The players hold a significant market share and are emphasizing on new product enhancement for stay competitive in the market.  For instance, in 2018, GLG Life Tech Corp, producer of zero-calorie natural sweeteners has launched a new product -Reb M sweetener in partnership with Archer Daniels Midland Co., a marketing partner. This sweetener is made of Reb M Dream Sweetener stevia leaf, in which Reb M steviol glycoside is present in a high quantity to taste like a natural sugar.

Buy complete report on Global Sugar Substitute Market: Drivers, Restraints, and Opportunities, and Forecast up to 2025

The report aims to highlight insights from key manufacturers, verticals, and stakeholders. The report covers the current scenario and future aspects of the Sugar Substitute Market during the forecast period 2018–2025. It also provides an in-depth analysis and forecast of the industry featuring the following:

  • The outlook of the market with challenges associated with end-use industry and the perspective on the global sugar substitute market.
  • The report is analyzed based on product, end-use industry, and regional and country-level analysis that are influencing the growth of the market
  • The report covers the new product development of sugar substitute, advantages, and importance in terms of future perspective.
  • The report covers drivers, restraints, and challenges influencing the Sugar Substitute market dynamics
  • Comprehensive analysis of company profiles, which covers an overview, business units, financial performance, and recent developments