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According to a new report Global Sugar Substitutes Market, published by KBV research, the Global Sugar Substitutes Market size is expected to reach $18.5 billion by 2023, rising at a market growth of 4.9% CAGR during the forecast period.
The North America market holds the largest market share in Global Bakery & Confectioneries Sugar Substitute Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 3.9 % during the forecast period. The Europe market is expected to witness a CAGR of 5% during (2017 - 2023) in Global Dairy Sugar Substitute Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 6% during (2017 - 2023).
The High Intensity Sweeteners market holds the largest market share in Global Sugar Substitutes Market by Type in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 4.6 % during the forecast period. The Low Intensity Sweeteners market is expected to witness a CAGR of 5.4% during (2017 - 2023). Additionally, The High Fructose Syrup market would garner market size of $6,026.7 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Sugar Substitutes Market have been discussed in the report with the elaborated company profiles of Tate & Lyle Plc, Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, E.I. Du Pont De Nemours and Company, The NutraSweet Company, JK Sucralose Inc., PureCircle Limited, Ajinomoto Co., Inc., and Roquette.
Global Sugar Substitutes Market Segmentation
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