Sugar Substitutes Market is Expected to grow at a Height-est CAGR by 2013-2024

[Apr, 2018] The global sugar substitutes market size is expected to reach USD 19.1 billion by 2024. posting a CAGR of 4.2% during the forecast period. Growing awareness and rising consumer inclination towards low-caloric food and beverages, especially in developing countries are likely to help the market gain significant momentum over the forecast period. Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in the healthcare, cosmetics, and food & beverage industry. Increasing importance of artificial sweeteners in the formulation of confectioneries, bakery, dairy, and frozen foods is estimated to work in favor of the market. The food segment is expected to achieve the fastest growth over the forecast period, owing to increasing awareness and changing consumer patterns for low-calorie food products. The major market players in the food industry are focused on the development of superior quality products at economical pricing. The above trends are expected to propel demand for sugar substitutes over the forecast period.

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Rising prevalence of health problems related to sugar consumption in emerging economies is stimulating the growth of the overall market. Fluctuating supply and pricing of sugar is expected to create opportunities for sugar substitutes.

Sugar substitutes are used in various applications including bakery, confectionery, dairy, frozen foods, beverages, pharmaceuticals, and personal care. Rising health awareness among population and ongoing technological advancements are among the key factors anticipated to trigger the growth of the market.

However, stringent regulatory framework for the production of sugar substitute products and notion among common masses that consumption of sugar substitutes triggers health problems are projected to keep the market from realizing the utmost potential during the forecast period.

Further Key Findings from the Report Suggest:

• In terms of revenue, the high intensity sweeteners segment is anticipated to reach USD 8.7 billion by 2024, maintain its dominance throughout the forecast period

• In terms of revenue, the low intensity sweeteners segment is projected to expand at a CAGR of 5.1% over the forecast period

• The beverages application segment dominated the market with a share of 43.5% in 2015

• The North America sugar substitutes market is anticipated to exceed 6,891.5 thousand tons by 2024

• Asia Pacific is projected to witness a remarkable growth rate of 7.0% over the forecast period. Key markets in Asia-Pacific include China, India, Japan, and South Korea.

• Some of the key companies present in the market are 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.

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Table of Contents:

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Sugar Substitutes Market- Industry Summary and Key Buying Criteria, 2013 - 2024

Chapter 3. Sugar SubstitutesIndustry Outlook
3.1. Sugar substitutes market segmentation
3.2. Sugar Substitutes Market size and growth prospects, 2013 - 2024
3.3. Sugar Substitutes Market - Value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Sugar Substitutes Market dynamics
3.7.1. Market driver analysis
3.7.2. Market restraint analysis
3.8. Key market opportunities - Prioritized
3.9. Industry analysis - Porter's
3.10. Sugar substitutes competitive scenario, 2015
3.11. Sugar substitutes market PESTEL analysis, 2015

Chapter 4. Sugar Substitutes Product Outlook
4.1. Global sugar substitutes market share by product, 2015 & 2024
4.2. High intensity sweeteners
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Low intensity sweeteners
Continued...

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