The latest research report by Emergen Research, named ‘Global Sugar Substitutes Market - Forecast to 2030 . The report offers these individuals a vivid description of the competitive spectrum of the global Sugar Substitutes Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
The global sugar substitutes market size is expected to reach USD 23.93 Billion at a steady revenue CAGR of 4.7% in 2028, according to latest analysis by Emergen Research. Rising awareness among consumers regarding the adverse effects of sugar on health such as increased risk of diabetes and obesity is driving market revenue growth.Rapid urbanization coupled with increasing spending power of consumers on processed food and beverages in developing countries is expected to propel growth of the market. Surge in investments in research and development to introduce novel products containing blends of sugar substitutes and prebiotics and probiotics are expected to present lucrative growth opportunities for emerging players in the industry.
Covid impact analysis:
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/sugar-substitute-market
Competitive Outlook:
The global Sugar Substitutes Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Sugar Substitutes Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include: Cargill, Incorporated, Tate Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company.
Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:
Origin Outlook (Revenue, USD Billion; 2018-2028)
- Artificial/Synthetic
- Natural
Type Outlook (Revenue, USD Billion; 2018-2028)
- High-fructose syrups
- Low-intensity sweeteners
- High-intensity sweeteners
Composition Outlook (Revenue, USD Billion; 2018-2028)
- Sugar Alcohols
- Stevia
- Saccharine
- Sucralose
- Cyclamate
- Aspartame
- Others
Region wise performance of the Sugar Substitutes Market industry
North America Sugar Substitutes Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Sugar Substitutes Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Sugar Substitutes Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Sugar Substitutes Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Sugar Substitutes Market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Sugar Substitutes Market in the near future?
- What is the regulatory framework governing the application of Sugar Substitutes Market in the food industry?
- Which manufacturing processes are utilized for the production of Sugar Substitutes Market ?
Table of Contents:
- Chapter 1 includes an introduction of the global Sugar Substitutes Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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