The Growing Market for Sugar Substitutes: Trends, Innovations, and Regional Insights
The global sugar substitutes market is estimated at USD 23.56 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.9%, reaching USD 29.90 billion by 2029. This growth is driven by increasing consumer demand for low-calorie, natural, and functional alternatives to sugar. As awareness of sugar’s health implications rises, consumers, industries, and regulatory bodies...
Leading Players and Strategic Initiatives in the Sugar Substitutes Market
The sugar substitutes market is predicted to reach USD 24.3 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. By 2023, the market is expected to be worth USD 18.8 billion.
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Key players in the sugar substitutes market include:
International Flavors & Fragrances Inc. (IFF), US: IFF is a major producer and distributor of...
Sugar Substitutes Market Growth Factors, Applications, Regional Analysis and Forecasts 2028
The sugar substitutes market is predicted to reach USD 24.3 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. By 2023, the market is expected to be worth USD 18.8 billion.
The prevalence of lifestyle diseases such as cancer, diabetes, chronic obstructive pulmonary disease, and heart disease is increasing globally, posing a significant public health threat....
Sugar Substitutes Market: North America is projected to hold the largest market share in coming years
The Sugar Substitutes Market size is estimated to be valued at USD 16.5 billion in 2020 and projected to reach USD 20.6 billion by 2025, recording a CAGR of 4.5% during the forecast period.
The global sugar substitute industry has witnessed growing trends in the past years. The growth of this industry is majorly driven by an increase in health consciousness among consumers to encourage...
Sugar Substitutes Market Achieving Healthy Growth due to Changing Consumer Preference and Growing Demand
Sugar substitutes are food additives that replicate the effect of sugar in taste, but lesser in calories as compared to the regular sugar. Also called as artificial sweeteners, they are widely used in confectioneries, bakery, dairy, and frozen foods. Changing preferences of consumers into healthier and low-calorie food has increased the demand for sugar substitutes, especially in food & beverage...
Sugar Substitutes Market – Overview of Vital Industry Drivers
Increasing health problems due to regular consumption of sugar, and rising consumer awareness, and preference for low-calorie foods have resulted in the growth of the sugar substitutes market. Increasing demand for sugar substitutes in a wide range of beverage, food, and health & personal care applications are driving the sugar substitutes market. Increased research & development activities...