Sugar Alternatives Market Study Reveals Impressive Growth at a CAGR of 4.6% during 2019 – 2023

Sugar alternatives are materials used in place of sugar for sweetening food products. The global sugar alternative market has been driven primarily by the growing awareness

pune, India - February 7, 2019 /MarketersMedia/ —

Market Definition:
Market Research Future (MRFR) has announced a new release on the global sugar alternatives market. The report provides a detailed look into the future of the global sugar alternatives market on the basis of the historical figures of the market and the key factors mobilizing the market either positively or negatively.

Sugar alternatives are materials used in place of sugar for sweetening food products. The global sugar alternative market has been driven primarily by the growing awareness about the highly unhealthy implications of a high sugar intake, including the increased risk of diseases such as diabetes and cardiovascular disorders. While sugar has been traditionally popular for centuries, the increasing ease of its availability has led to an unnatural rise in the prevalence of diabetes and other lifestyle conditions associated with the excessive intake of sugar. Sugar has never been available as abundantly as in modern times, leading to inordinate consumption and consequent health scares. The low-calorie alternatives presented by sugar alternatives are likely to become widely popular over the forecast period.

Market Scenario:
The increasing product development efforts taken by manufacturers of sugar alternatives are likely to be a major driver for the global sugar alternatives market over the forecast period. While sugar has been popular across the world, sugar alternatives represent a whole new addition to the palette and have thus suffered from a lack of public awareness. The growing sugar alternative industry has made increasing efforts to increase the awareness among the general populace about the utility and benefits of sugar alternatives in recent years, which are likely to remain a key driver for the global sugar alternative market over the forecast period. The price fluctuations in the sugar market are also likely to drive demand from the sugar alternative market over the forecast period.

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Key Players:
Leading players in the global sugar alternatives market include Cargill Inc., Roquette Freres S.A., Archer Daniels Midland Company, Ajinomoto Co. Inc., Ingredion Incorporated, Tate & Lyle PLC, and E. I. DuPont de Nemours and Company.

Industry Updates:
A meta-study conducted in January 2019 found no conclusive correlation between the use of sugar alternatives and either ill or better health. The team studied 56 studies, involving results obtained from over 14,000 people in total.

Segmentation:
The Global Sugar Alternative Market is segmented on the basis of type, application, and distribution channel.

Sugar alternatives have been segmented on the basis of type into high fructose syrup, high intensity sweeteners, and low intensity sweeteners. High intensity sweeteners have been further segmented into stevia, aspertame, cyclamate, sucralose, saccharin, ace-K, and others. Low intensity sweeteners have been further segmented into D-tagatose, sorbitol, xylitol, maltitol, and others.

The sugar alternative market has been segmented on the basis of application into food, beverages, cosmetic & personal care products, and others. The food segment has been further segmented into dairy, bakery & confectionery, frozen, and others.

The sugar alternative market has been segmented on the basis of distribution channel into store-based and non-store-based distribution. The store-based distribution channel has been further segmented into supermarkets & hypermarkets, convenience stores, specialist retailers, and others.

Regional Analysis:
The global sugar alternative market is segmented into North America, Europe, Asia Pacific, and rest of the world on the basis of region.

North America is likely to be the major regional segment of the global sugar alternatives market over the forecast period due to the growing awareness about the benefit of sugar alternatives in preventing diabetes. Diabetes has become a major health concern in North America due to the growing prevalence of a sedentary lifestyle and unhealthy consumption patterns that lead to the onset of diabetes. The sugar alternative market has thus taken on a greater importance in the region, with the leading players likely to focus on the U.S. market as the leading regional market for sugar alternatives over the forecast period. The presence of several leading players in the sugar alternative market is also likely to bode well for the market in North America over the forecast period.

Europe is also likely to exhibit solid growth over the forecast period due to the growing demand for healthier lifestyles.

Asia Pacific is likely to exhibit rapid growth in the global sugar alternative market over the forecast period due to the growing prevalence of diabetes in countries such as China and Japan. China is likely to emerge as a leading regional market for sugar alternatives within Asia Pacific over the forecast period thanks to the growing consumption of fast food in the region.

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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Address: Contact, Market Research Future, Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar,, Pune - 411028, Maharashtra, India, +1 646 845 9312, Email: [email protected]
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Website: https://www.marketresearchfuture.com/reports/sugar-alternative-market-3983%20

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Release ID: 480451