Nutrition and Diet are prime factors in the maintenance and promotion of good health during various stages of the lifetime. Sugar is used on a large scale for imparting a sweet taste on industrial as well as consumer level. The excessive use of sugar is often linked with an increasing number of people with health issues like diabetes, obesity. This can be attributed to high-calorie levels of sugar. Dietary intervention proves a prime factor in the prevention of disease related to high-calorie sweetener intake. Sugar replacers are witnessing strong demand among health-conscious consumers. Sugar replacers are artificial sweeteners which have a low-calorie value. Sugar Replacers thus provide consumers with the same taste of sugar without risk of higher intake of calories. Sugar replacers are thus witnessing huge popularity as an alternative to high caloric sugars and are rapidly being adopted for use as additives in various food and beverage products. The demand for sugar replacers is thus expected to grow in recent years.
Increasing Health Related Problems due to Excess Consumption of High Caloric Sugars Increases the Demand for Sugar Replacers
Nowadays there is a rapid increase in the number of health conscious people who prefer a healthy diet. Changing dietary patterns, busy work life, unhealthy eating habits as well as increasing prevalence of disease like diabetes are some of the key drivers of global sugar replacers market. Sedentary lifestyle as well as increased consumption of snacks and convenience food with high caloric value, increasing obese population are some of the secondary drivers of global sugar replacers market. Increasing popularity and consumption of low-calorie products like diet beverages, sugar-free candies as well as dairy products proves to be a positive factor for sugar replacers market. The increasing health consciousness among consumers as well as ‘stay fit’ tendency among youngsters has increased the demand for sugar replacer market. The factors like the high prices of sugar replacers, strict regulation about the use of synthetic additives in food products are hindering the sugar replacer market from reaching its full potential. However, with increasing spending capacity of the majority of the population as well as the tendency of leading a healthy life, the sugar replacer market is expected to grow over the forecast period.
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Global Sugar Replacers Market: Segmentation
In terms of type, the global sugar replacers market has been segmented as:
- Low-intensity sugar replacers
- High-intensity sugar replacers
- High fructose Corn Syrup
In terms of nature, the global sugar replacers market has been segmented as:
In terms of end-use, the global sugar replacers market has been segmented as:
- Food and beverage industry
- Ready-to-eat foods
- Convenience foods
- Soft drinks
- Packaged food
- Personal care industry
- Pharmaceuticals industry
Global Sugar Replacer Market: Market Participants
Some of the key players of the global sugar replacers market include Tate & Lyle, Cargill Incorporated, Archer Daniels Midland Company, The Nutra Sweet Company, E. I. DuPont De Nemours, Ajinomoto Co. Inc., Ingredion Incorporated, Roquette, JK Sucralose Inc., and PureCircle.
Opportunities for Participants in the Sugar Replacers Market
The global sugar replacers market is emerging and hence creating various opportunities for market participants. The market participants are innovating products as well as developments, in order to offer sugar replacers at a lower price. Being an emerging market, manufacturers are investing to increase market presence and expanding to the untapped market. Moreover, sugar replacer products are widely being used in the pharmaceutical industry for the preparation of sweet syrups and tablets which is invariably leading towards increasing the overall demand for sugars.
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Global Sugar Replacers Market: Regional Outlook
On the basis of region, the global sugar replacer market can be segmented as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. Europe is a prominent market that produces sugar replacer products followed by North America, owing to the high number of health conscious people as well as favorable government regulations.
Overview of the report
The report is an aggregation of direct data, qualitative and quantitative evaluation by industry investigators, and contributions from industry specialists and industry members over the esteem chain. The report gives top to bottom examination of parent market patterns, large scale monetary pointers, and overseeing factors, alongside market allure according to portion. The report likewise maps the qualitative impact of different market factors on market segments and geographies.
Key Data Points Covered in the Report
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- An overview of the market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges, and trends in market
- Detailed value chain analysis of the market
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- In-depth pricing analysis, by key product segments, regions and by major market participants in market
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants in market
- Competitive landscape of the market, including detailed profiles of the top players in market