“Global Sugar Substitutes Market to reach a market value of USD 25.9 Billion by 2030 growing at a CAGR of 5.8%”
The Global Sugar Substitutes Market size is expected to reach $25.9 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,126.0 Kilo Tonnes, experiencing a growth of 6.3% (2019-2022).
The dairy industry has responded to health-conscious consumer demands by introducing low-sugar and sugar-free versions of yogurt, ice cream, and other frozen desserts, leveraging sugar substitutes to maintain sweetness without the added sugar content. Thus, the dairy segment acquired $1,337.9 million in 2022. The development of sugar-free dairy products caters to consumers with diabetes or those managing blood sugar levels, providing options that align with their dietary requirements. Therefore, the segment will expand rapidly in the coming years.
A greater understanding of the health hazards linked to obesity has motivated many people to embrace more nutritious dietary practices. Since excessive sugar consumption is linked to weight gain and obesity, consumers are actively seeking alternatives to traditional sugar to reduce calorie intake and manage their weight. Diabetes, both Type 1 and Type 2, requires careful management of blood sugar levels. For individuals with diabetes, it provides a sweetening option without causing spikes in blood glucose levels. As a result, these substitutes are often recommended for people looking to control their sugar intake for health reasons. Additionally, the prevalence of diabetes has been steadily increasing worldwide. This growth is attributed to sedentary lifestyles, unhealthy dietary habits, aging populations, and genetic predisposition. Type 2 diabetes, which constitutes the predominant form of diabetes on a global scale, is frequently correlated with unhealthy lifestyle choices, obesity, and insufficient physical activity. The elevated levels of these risk factors have been a contributing factor to the growing incidence of Type 2 diabetes. Likewise, the increasing diabetic population poses challenges for healthcare systems in terms of the management of chronic conditions, the demand for diabetes-related healthcare services, and the associated economic burden. These factors will help in the expansion of the market.
However, it often has different taste profiles than sugar. Some artificial sweeteners can have a noticeable aftertaste distinct from sugar's clean sweetness. Consumers with sensitive taste buds may find it challenging to adapt to these differences. Sugar contributes sweetness and plays a crucial role in various food and beverage products' texture, mouthfeel, and overall sensory experience. Achieving the same mouthfeel and texture with sugar substitutes can be challenging, especially in applications like baking and confectionery. Some artificial sweeteners are known to leave an aftertaste, which can significantly deter consumer acceptance. Overcoming or minimizing this aftertaste is a continual challenge in developing sugar substitutes. These factors can lead to reduced demand for sugar substitutes.
Based on application, the market is segmented into food, beverages, and others. The food segment held a significant revenue share in the market in 2022. Food manufacturers are undertaking product reformulations in response to consumer demand for healthier alternatives and to decrease sugar content. It plays a crucial role in achieving the desired sweetness without the negative health implications of added sugars. Consumers are actively seeking sugar-free and low-calorie alternatives, and the food industry is responding by offering various products that cater to these preferences. These factors will boost the demand in the segment.
The food segment is further divided into bakery & confectioneries, dairy, and others. The bakery and confectioneries segment recorded the maximum revenue share in the market in 2022. As health and wellness trends shape consumer preferences, the demand for bakery and confectionery products made with sugar substitutes will likely persist and grow. Bakeries and confectionery manufacturers are expected to innovate further, introducing new products that cater to health-conscious consumers by incorporating sugar substitutes. These factors will help in the expansion of the segment.
On the basis of type, the sugar substitute market is divided into high intensity sweeteners, low intensity sweeteners, and high fructose syrup. In 2022, the low intensity sweeteners segment witnessed a substantial revenue share in the market. Low-intensity sweeteners are often chosen by individuals looking to manage their weight or control calorie intake. These sweeteners offer a way to enjoy sweet flavors without contributing to overall energy consumption. The demand for diet sodas, sugar-free juices, and other low-calorie beverage options has driven the incorporation of low-intensity sweeteners into a wide range of drink formulations. These factors will boost the demand in the segment.
Free Valuable Insights: Global Sugar Substitutes Market size to reach USD 25.9 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. With an increasing focus on weight management and healthy living, consumers in North America are actively seeking low-calorie and reduced-sugar alternatives, driving the demand for sugar substitutes. Health-conscious consumers make purchasing decisions based on product formulations, preferring options that align with their dietary preferences and wellness goals. These aspects will lead to increased demand in the segment.
Report Attribute | Details |
---|---|
Market size value in 2022 | USD 16.6 Billion |
Market size forecast in 2030 | USD 25.9 Billion |
Base Year | 2022 |
Historical Period | 2019 to 2021 |
Forecast Period | 2023 to 2030 |
Revenue Growth Rate | CAGR of 5.8% from 2023 to 2030 |
Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
Number of Pages | 318 |
Number of Tables | 690 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Type, Application, Region |
Country scope |
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Companies Included | Tate & Lyle Plc., Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette Freres SA, Ajinomoto Co., Inc., DuPont de Nemours, Inc., Pyure Brands, LLC, Foodchem International Corporation, Matsutani Chemical Industry Co., Ltd. |
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD $25.9 billion by 2030.
Government initiatives and regulations are driving the Market in coming years, however, Taste and texture challenges with sugar substitutes restraints the growth of the Market.
Tate & Lyle Plc., Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette Freres SA, Ajinomoto Co., Inc., DuPont de Nemours, Inc., Pyure Brands, LLC, Foodchem International Corporation, Matsutani Chemical Industry Co., Ltd.
In the year 2022, the market attained a volume of 1,126.0 Kilo Tonnes, experiencing a growth of 6.3% (2019-2022).
The Beverages segment is leading the Market, by Application in 2022; thereby, achieving a market value of $11.7 billion by 2030.
The North America region dominated the Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.5 billion by 2030.
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