The global sugar substitutes market size is estimated to be valued at USD 16.5 billion in 2020 and projected to reach USD 20.6 billion by 2025, recording a CAGR of 4.5% during the forecast period.
The global sugar substitutes industry has witnessed growing trends in the past years. The growth of this industry is majorly driven by increase in health consciousness among consumers to encourage the demand for healthier food choices, increase in demand for natural sweeteners due to the rise in consumer inclination toward natural products, and growing demand for sugar substitutes in various applications in the food & beverage industry.
By type, the high-intensity sweeteners segment is projected to experience the fastest growth in the sugar substitutes market during the forecast period
The high-intensity sweeteners segment is expected to experience the fastest growth in the global market, on the basis of type, in 2019. The high-intensity sweeteners approved by the FDA are safe for the general population under certain conditions of use. Aspartame, sucralose, and saccharine are the major segments of the total high-intensity sweeteners market. Aspartame is the most commonly used low-calorie artificial sweetener in the highintensity sweeteners market.
By composition, the aspertame in high-intensity sweeteners segment is projected to account for the largest share in the sugar substitutes market during the forecast period
The aspartame in high-intensity sweeteners segment accounted for a major share in the global market, in 2019, in terms of value. Aspartame is approved by the FDA for using it in food products as a nutritive sweetener. Aspartame was approved by the FDA in 1981 for uses, under certain conditions, as a tabletop sweetener, in cold breakfast cereals, chewing gum, and dry bases for certain foods, such as instant coffee, beverages, tea, puddings, gelatins, fillings, toppings, and dairy products.
By composition, the sorbitol in low-intensity sweeteners segment is projected to account for the largest share in the sugar substitutes market during the forecast period
The sorbitol in low-intensity sweeteners segment accounted for a major share in the global market, in 2019, in terms of value. Sorbitol is a low-calorie sugar, which is also known as a polyol or sugar alcohol. Naturally, it is found in food products, including apricots, prunes, apples, and blackberries. It contains nearly one-third fewer calories than sugar and is 60% percent as sweet as sugar. It has been used as a sugar substitute for diabetics since the 1930s and for the general population since the 1970s. It is not metabolized by bacteria in the mouth. Therefore, it does not contribute to tooth decay. It also improves the shelf life, appearance, and texture of food products in the absence of sugar and also has medicinal qualities.
By application, the beverage segment is projected to experience the fastest growth in the sugar substitutes market during the forecast period
The beverage segment accounted for a major share in the global market, in 2019, in terms of value. Sugar substitutes are currently preferred in beverages, such as diet carbonated drinks, flavored water, and other beverages. Stevia is a key sugar substitute used in beverages. It is a preferred sugar substitute with reduced-calorie and zero glycemic indexes.
The Asia Pacific market is projected to grow at the fastest rate in the global market during the forecast period. The sugar substitutes market in the Asia Pacific region is growing due to the change in the lifestyle of customers and the increase in health consciousness among them. The market in this region is witnessing a drastic transformation regarding diet diversification, rapid urbanization, and liberal trade policies in the food sector.
Key Market Players:
DuPont (US), ADM (US), Tate & Lyle (UK), Ingredion Incorporated (US), Cargill Incorporated (US), Roquette Frères (France), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc. (US), JK Sucralose Inc. (China), and Ajinomoto Co. Inc. (Japan).