The Sugar Alternative Market is expected to grow at a 4.52% CAGR and reach USD 24.19 Billion by 2030.
Sugar Alternative Market are food additives or ingredients which are used in food and beverages as a substitute for sugar. Sugar alternative provides a sweet taste like sugar and offers less energy as compared to sugar. Sugar alternative comes in various forms such as powder & cube and others. Sugar alternative enhances the shelf life of the prepared food which is one of the significant reasons for the rising growth of sugar alternatives. The availability of sugar alternatives enables the food manufacturers to frame a good-tasting sweet food that offers fewer calories and is safe for the teeth and general health.
The global sugar alternative market is anticipated to be driven by the increasing awareness of health among the consumer in developing economies. Also, consumers are increasingly preferring low-calorie and healthier foods which in turn positively accelerates the sales of the sugar alternative market is expected to grow at a 4.52%% CAGR and reach USD 24.19 Billion by 2030. On the other hand, processed food products are gaining acceptance among the consumers which is expected to upsurge the sales of sugar alternatives during the forecast period.
Additionally, the advancement of product development coupled with technological advancement is one of the significant reasons for the rising growth of sugar alternatives during the review period. Also, the price fluctuation of sugar is anticipated to fuel the sales of sugar alternatives in the near future.
The global sugar alternative market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America is estimated to retain its dominance throughout the forecast period of 2020-2030. This is attributed to the increasing awareness of healthy food habits and increasing disposable income of consumers. Also, the new product launch by the key players in the sugar alternative market is anticipated to stimulate the sales of sugar alternative in the North American countries. Europe is estimated to account for one-quarter of the overall market of global sugar alternative industry in the year of 2017. However, Asia Pacific region is estimated to witness maximum growth in the global sugar alternative market during the forecast period of 2017-2023.
The key players profiled in the sugar alternative market are Cargill, Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Roquette Freres S.A. (France), Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Ajinomoto Co., Inc. (Japan)
The sugar alternative market is segmented under the following regions:
Rest of the world
The report for Sugar Alternative Market of Market Research Future comprises of extensive primary research along with a detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market’s segments and regions.
Cargill, Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Roquette Freres S.A. (France), Tate & Lyle PLC (U.K.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Ajinomoto Co., Inc. (Japan)