According to the current analysis of Reports and Data, the sugar substitutes market is forecast to grow from USD 14.9 Billion in 2019 to USD 18.8 Billion by 2027, at a CAGR of 4.6%, during the forecast period.
Sugar substitute contains significantly lighter food energy than sugar-based sweeteners, making it a low-calorie sweetener or zero-calorie. The growth exhibited by the global sugar substitute market is a result of various factors such as the developing economies and subsequently increasing income of consumers, rising awareness about nutrition, hectic lifestyle, increasing geriatric population coupled with diabetes, and increasing obesity prevalence. The global prevalence of diabetes was estimated to be 8.8% standardized for people of 20-79 years, which translated to 424.9 million people in 2018. The International Diabetes Federation (IDF) also predicted that prevalence is likely to increase to 9.9% of the population by 2045. In addition to diabetes, the IDF estimates that another 352.1 million people worldwide are expected to have had pre-stage diabetes, called Impaired Glucose Tolerance (IGT), in 2017. For these people, the manifestation of diabetes could be prevented by appropriate measures like diet control and lifestyle changes. The use of sugar substitutes could see an increased uptake by the people from this group as it does not cause diabetes compared to other sweeteners.
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All over the world, micro flavoring ingredients are standardized and released for use by food safety agencies Flavor and Extract Manufacturers Association (FEMA) and the Food and Agriculture Organization (FAO). However, none of these regulatory agencies report in detail which compounds and concentrations are present in these substances. To date, they have not defined the Acceptable Daily Intake (ADI) and the tolerable dose limit of flavorings for each food type. Recent studies related to the cytotoxic and mutagenic activity of many flavorings have made many manufacturers aware of their side effects. The popularity of naturally sourced ingredients and can be traced to the increasing awareness of consumers regarding the use of these synthetic flavors. Regulations are expected to decrease the use of synthetic additives in developed countries.
The major players in the sugar substitutes market are Tate & Lyle (U.K.), Cargill, Inc. (US), Archer Daniels Midland Company (U.S.), Ingredion Inc. (U.S.), Roquette Frères (France), Ajinomoto Co. Inc. (Japan), JK Sucralose Inc. (China), PureCircle (Malaysia), The NutraSweet Company (U.S.), and E. I. DuPont De Nemours (U.S.).
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the sugar substitutes market on the basis of origin, type, product, application, end-use and region:
Origin Outlook (Revenue, USD Billion; 2020 -2027)
Category Outlook (Revenue, USD Billion; 2020-2027)
Product Outlook (Revenue, USD Billion; 2020-2027)
Application Outlook (Revenue, USD Billion; 2020-2027)
End Use Outlook (Revenue, USD Billion; 2020 -2027)
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Further key findings from the report suggest
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Key Objectives of the Report:
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