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.
Due to global obesity epidemic, all form of sweeteners is under scrutiny from health professionals, consumer advocacy groups, and lawmakers. This is prompting companies to rethink selection of ingredients and marketing messages. While consumers are monitoring their sugar intake, they are unwilling to sacrifice taste for calorie reduction, particularly in bakery, beverage, and confectionery items. Companies are introducing substitutes for sugar such as stevia and its blends, coconut sugar, monk fruit, syrups, sugar alcohols, honey, and prebiotics fibers. International quality standards set for sugar substitutes and uncertainty regarding sugar substitutes’ adverse effects will hamper market growth. Additionally, product claim issue might act as a restraint to sales of products to some extent.
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Sugar Substitutes market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
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One of the report’s central components is the broad Sugar Substitutes market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Sugar Substitutes market players.
Leading Players Profiled in the Report:
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For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.
Emergen Research has segmented the global sugar substitutes market on the basis of origin, type, composition, application, and region:
Key geographical areas:
Key questions addressed in the report:
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