The global Sugar Substitutes Market is expected to be valued at USD 18.8 Billion in 2027 from USD 14.9 Billion in 2019, registering a CAGR of 4.6% through the forecast period. Sugar substitutes are food additives that imitate the sweet taste of sugar while containing relatively lesser calories and energy. These are healthier and low-calorie alternatives to sugar-based sweeteners and are extensively used in a wide range of food products, including bakery items, confectionery, beverages, dairy products, ice-creams, yogurt, and vegan desserts. Stevia, sorbitol, maltitol, aspartame, saccharin, acesulfame, neotame, and D-tagatose are some of the most commonly known sugar substitutes.
Revenue from the global sugar substitutes market is estimated to register a substantially high growth rate over the forecast years, owing to various growth-inducing parameters. The surging prevalence of diabetes, obesity, and high blood sugar levels, the growing health consciousness among consumers worldwide, increasing awareness about the health risks associated with sugar intake, and the amplifying use of natural sweeteners in the food & beverage industry have propelled the global market growth. As per the U.S. Department of Health & Human Services’ 2020 National Diabetes Statistics Report, around 10.5% of the American population was diagnosed with diabetes in 2018.
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The demand for stevia has gained traction worldwide over recent years. The product effectively helps lower blood sugar levels, as well as high blood pressure in hypertensive people. Additionally, it helps improve insulin sensitivity and reduces oxidized LDL cholesterol. Therefore, the rising consumption of stevia, especially among diabetic patients and obese people, the surging focus on physical fitness, growing awareness about sugar substitutes, and their increasing usage in various nutritional supplements are the other vital factors triggering the market growth. Increased spending by manufacturers on research & development activities to develop new, more effective products creates further growth prospects for the global sugar substitutes market. However, stringent regulations and standards concerning sugar substitutes imposed by regulatory bodies like the U.S. Food and Drug Administration (FDA) and the World Health Organization (WHO) might hamper the market growth in the coming years.
Key findings of the report:
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For the purpose of this report, the global sugar substitutes market has been segmented on the basis of origin, category, product type, application, end-use industry, and region:
By Origin (Revenue, USD Billion; 2017-2027)
By Category (Revenue, USD Billion; 2017-2027)
By Product Type (Revenue, USD Billion; 2017-2027)
By Application (Revenue, USD Billion; 2017-2027)
By End-use Industry (Revenue, USD Billion; 2017-2027)
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By Region (Revenue, USD Billion; 2017-2027)
North America
• U.S.
• Canada
Europe
• Germany
• U.K.
• France
• BENELUX
• Rest of Europe
Asia Pacific
• China
• Japan
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• U.A.E.
• Rest of Middle East & Africa
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