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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. Growing demand for sugar substitute products from the food and beverage industry would contribute to the market growth during the forecast period. Increasing awareness about repercussions of high sugar consumption and rapid growth of diabetes globally, would further propel the market. Erratic prices fluctuations of sugar would add to the market opportunities for sugar substitute manufacturers, worldwide during the forecast period.
Based on Application, the Sugar Substitutes market segments the market into Food, Beverages, and Others. Food Application market is segmented into Bakery & Confectioneries, Dairy, and Others. Based on Type, the Sugar Substitutes market segments the market into High Intensity Sweeteners, Low Intensity Sweeteners, and High Fructose Syrup. Based on Regions, the Sugar Substitutes market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the Global Sugar Substitutes Market. Key companies profiled in the report include 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.