The North America Sugar Substitutes Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 322.4 Kilo Tonnes, showcasing a growth of 5.5% (2019-2022).
There is a growing trend toward developing sweetening blends to overcome the taste and texture challenges associated with some sugar substitutes. These blends often combine different sweeteners to achieve a more balanced taste and enhance the overall sensory experience of the product. Technological innovations in the production of sugar substitutes are driving efficiency and cost-effectiveness. Improved extraction methods, fermentation processes, and bioengineering techniques contribute to developing high-quality sweetening agents.
Furthermore, market players diversify their product portfolios to cater to consumer preferences and applications. Ready-to-use sugar substitute syrups, granulated sweeteners, and customized blends for specific industries are examples of the expanding product offerings in the market. Ready-to-use sugar substitute syrups offer a convenient alternative to traditional sugars. Consumers can easily incorporate these syrups into their beverages, recipes, or culinary creations without additional preparation. These syrups are often versatile and can be used in various applications, such as sweetening beverages, drizzling over desserts, or topping for pancakes and waffles. Their liquid form allows for easy integration into a range of recipes. Likewise, granulated sweeteners aim to mimic the texture and appearance of traditional sugar, making them suitable for applications where the physical properties of sugar are essential, such as baking and cooking.
Canada, like many other regions, has seen a rise in health consciousness among consumers. Canadians increasingly favor baked products with reduced sugar content due to heightened awareness of the health hazards associated with excessive sugar consumption. As per the data from the Government of Canada, in 2021, the nation ranked twelfth among the largest retail sectors for baked products, boasting a cumulative sales value of US$6.6 billion. In 2021, Canada held the third position in the health and wellness (HW) baked goods sector, generating revenues amounting to US$2.6 billion. Thus, the growing bakery and confectionary sector in North America will boost the demand for sugar substitutes in the region.
The US market dominated the North America Sugar Substitutes Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,055.6 Million by 2030. The Canada market is experiencing a CAGR of 7.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2023 - 2030).
Free Valuable Insights: The Sugar Substitutes Market is Predict to reach USD 25.9 Billion by 2030, at a CAGR of 5.8%
Based on Application, the market is segmented into Beverages, Food (Bakery & Confectioneries, Dairy, and Others), and Health & Personal Care. Based on Type, the market is segmented into High-intensity Sweeteners, High Fructose Syrup, and Low-intensity Sweeteners. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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