Sugar Substitutes Market By Product (High Intensity Sweeteners, Low Intensity Sweeteners, and High Fructose Syrup), By Application (Food & Beverages, Health & Personal Care Products and Cosmetics) – By Region – Trends, Analysis, and Forecast Till 2034

Report Code: PMI458520 | Publish Date: March 2024 | No. of Pages: 148

Global Sugar Substitutes Market Overview

Sugar Substitutes Market was valued at USD 20.8 Billion in 2024 and is projected to grow at a CAGR of 8.20% to reach USD 42.9 Billion by 2034.

Sugar is a carbohydrate used in many foods for its sweet taste, is derived from various sources such as sugarcane. Monosaccharide (simple sugar), galactose, and fructose are among the more common types of sugar. The sugar that humans consume is known as sucrose, which – when consumed – will hydrolyze into glucose and fructose. Sugar is mainly used in bakery products and commercial beverages and as a sweetener. Regular consumption sugar can lead to weigh gain, increased risk of heart diseases, acne, diabetes, increased risk of cancer, depression, accelerated ageing of skin, and fatty liver, among other health risks. With growing health consciousness, there has been a shift in consumer preference towards sugar substitutes. Sugar substitutes are food additives that impart the same taste as sugar, but contain less food energy as compared to any other sugar-based sweeteners.

These sugar substitutes are used on a large scale by food manufacturers as replacements for sugar in food products. Consumers are more health conscious and inclined towards a healthy diet. In the food and beverage industry, the usual table sugar, which is high in calories, is rapidly being replaced by a variety of sugar substitutes. Specifically, corn syrup and sugar are being replaced by sugar substitutes in food applications. Dietary food, sodas, sugar-free desserts and cereals are some of the common foods that feature sugar substitutes.

Global Sugar Substitutes Market Drivers & Restraints

Rising initiatives by government bodies

The increasing demand for zero-calorie or low-calorie products, coupled with the rising consumer awareness regarding sugar substitutes, is the prime factor contributing to the growth of the sugar substitutes market. Sugar substitutes are mainly used in processed foods such as beverages, ice creams, powdered drink mixes, puddings, jams, jellies, candies, dairy products, and others. Food manufacturers choose the suitable sugar substitute on the basis various criteria such as availability, cost, stability and other considerations. Sometimes, sugar substitute blends are used. Regulations in the U.S. and Europe have approved the usage of stevia as a sweetener, which has led to an upsurge in the demand for the stevia leaf. The import rate of sugar substitutes in countries such as Indonesia and India is low when compared with other countries, due to the lack of consumer awareness regarding sugar substitutes. The increasing prevalence of diabetes and rising weight-related issues are among the key factors driving the adoption of sugar substitutes.

However, many stringent regulations on the processing, usage, consumption, and labeling of sugar substitutes cause difficulties for market growth. These regulations for the use of sweeteners as a food ingredient limit the growth of the sweeteners industry globally, especially in European countries.

Global Sugar Substitutes Market Segmentations & Regional Insights

The sugar substitutes market is segmented based on product, application, and region.

Based on product, the sugar substitutes market has been segmented into High Intensity Sweeteners, Low Intensity Sweeteners, and High Fructose Syrup. Depending upon application, the target market is segmented into food, and beverages

Regional Insights:

On region the global Sugar substitutes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be a highly promising destination for sugar substitute manufacturers due to improving living standards of middle-class population coupled with rising spending power of consumers. Besides this, growing concerns among health-conscious population are projected to be one of the key factors stimulating market growth. China is one of the major markets for sugar substitutes in APAC. Presence of a large number of manufacturers and aging population in the country are propelling the demand for sugar substitutes in the country. North America is among the highest consumers of sugar substitutes. Growing awareness about low calorie foods and benefits of including sugar substitutes in the daily diets is likely to boost the demand for these products. The major reason behind moderate growth in the region is soaring pressure by regulatory bodies on sugar substitute manufacturers.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 – 2034

Market Segmentation

By Product - High Intensity Sweeteners, Low Intensity Sweeteners, High Fructose Syrup

By Application - Food, and Beverages

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global sugar substitutes market report based on product, application, and region.

Global Sugar Substitutes Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of  Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • U.S.
    • Canada

Global Sugar Substitutes Market Competitive Landscape & Key Players

The key players operating in the global sugar substitutes market includes Tate & Lyle., Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., Pure Circle, The NutraSweet Company, and E. I. DuPont De Nemours.

Global Sugar Substitutes Market Company Profile

  • Tate & Lyle
  • Cargill Incorporated
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Roquette
  • Ajinomoto Co. Inc.
  • JK Sucralose Inc.
  • Pure Circle
  • The NutraSweet Company
  • E. I. DuPont De Nemours

FAQs

The sugar substitutes market is segmented based on product, application, and region.

Rising demand for zero-calorie or low-calorie products is the major factor driving growth of the global market

Asia Pacific is estimated to be a highly promising destination for sugar substitute manufacturers due to improving living standards of middle-class population coupled with rising spending power of consumers.

The major key players operating in the market include Tate & Lyle., Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., PureCircle, The NutraSweet Company, and E. I. DuPont De Nemours.