The report highlights the current impact of COVID-19 on the Sugar Substitutes Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Sugar Substitutes Market according to the impact of COVID-19.
The global sugar substitutes market size is expected to reach USD 23.93 Billion at a steady revenue CAGR of 4.7% in 2028, according to latest analysis by Emergen Research. Rising awareness among consumers regarding the adverse effects of sugar on health such as increased risk of diabetes and obesity is driving market revenue growth.Rapid urbanization coupled with increasing spending power of consumers on processed food and beverages in developing countries is expected to propel growth of the market. Surge in investments in research and development to introduce novel products containing blends of sugar substitutes and prebiotics and probiotics are expected to present lucrative growth opportunities for emerging players in the industry.
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Major Companies and Competitive Landscape
Cargill, Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Ingredion Incorporated, Ajinomoto Co., Inc., E.I. Dupont De Nemours and Company, Roquette, JK Sucralose Inc., and The Nutra Sweet Company.
Objective:
The objective of this report is to provide a comprehensive overview of the Sugar Substitutes Market . It covers market trends, key players, growth drivers, challenges, and opportunities in the market. Additionally, this report aims to analyze the impact of the COVID-19 pandemic on the Sugar Substitutes Market and forecast the market size and growth potential in the coming years.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Sugar Substitutes Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting Sugar Substitutes Market growth.
Objectives of the Global Sugar Substitutes Market Study:
- An in-depth study of the evolving market sectors and the growth & penetration status of the global Sugar Substitutes Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major Sugar Substitutes Market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
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Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:
Origin Outlook (Revenue, USD Billion; 2018-2028)
- Artificial/Synthetic
- Natural
Type Outlook (Revenue, USD Billion; 2018-2028)
- High-fructose syrups
- Low-intensity sweeteners
- High-intensity sweeteners
Composition Outlook (Revenue, USD Billion; 2018-2028)
- Sugar Alcohols
- Stevia
- Saccharine
- Sucralose
- Cyclamate
- Aspartame
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Beverage
- Food
- Pharmaceuticals
- Personal Care
Region wise performance of the Sugar Substitutes Market industry
North America Sugar Substitutes Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Sugar Substitutes Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Sugar Substitutes Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Sugar Substitutes Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Sugar Substitutes Market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Sugar Substitutes Market in the near future?
- What is the regulatory framework governing the application of Sugar Substitutes Market in the food industry?
- Which manufacturing processes are utilized for the production of Sugar Substitutes Market ?
The report provides a sophisticated analysis of the insightful data of the Sugar Substitutes Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.
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