Sugar Alternative Market Insights: Revenue, Key Players, and Forecast 2030
Sugar Alternative Market Overview
According to the research reports by MRFR, the global sugar
alternatives market is anticipated to register substantial growth over the
forecasted timeframe from 2020 to 2030.
Sugar alternatives refer to ingredients or food additives
that are used in food and beverages as an alternative to sugar. They offer a
sweet taste like sugar and provide less energy than sugar. The sugar
alternatives are available in several forms, such as cubes, powders, etc. The global
sugar alternatives market outlook has registered enormous growth in recent
times. The market's growth is attributed mainly to enhancing the shelf life of
the food products it offers. Furthermore, factors such as growing awareness
among consumers across developing regions, increasing preference for
low-calorie and healthier foods, technological advancement, and advancement of
product development are also projected to boost the growth of the sugar
alternatives market over the forecasted era.
Competitive Analysis
The global sugar alternatives market has an incredibly
competitive landscape. The market has witnessed enormous growth in the number
of product launches in the past few years owing to the rapid growth in demand
for healthy sugar substitutes across the globe. The market has lucrative
opportunities to offer to the players worldwide, encouraging new players to
enter the market. The global sugar alternatives market has leading players such
as Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (U.S.), Roquette
Freres S.A. (France), Cargill, Incorporated (U.S.), Ingredion Incorporated
(U.S.), Tate & Lyle PLC (U.K.), E. I. du Pont de Nemours and Company
(U.S.), and several others.
Segment Analysis
The global market for sugar alternatives has been classified
into numerous segments based on type, application, distribution channel, and
region.
Based on type, the global market for sugar alternatives is
split into low-intensity sweeteners, high-intensity sweeteners, and high
fructose syrup.
The sugar alternatives market outlook is divided into
cosmetics and personal care, food, beverages, and others based on application.
The global market for sugar alternatives is split into
non-store-based and store-based segments based on the distribution channel.
Regional Analysis
The global sugar
alternative market insights are examined across several regions,
including Asia-Pacific, Europe, North America, and the Rest of the World (RoW).
According to the MRFR reports, the North American region is
anticipated to attain the top position in the global sugar alternatives market
over the forecasted period ending in 2030. The growing awareness of healthy
eating habits is driving the growth of the regional sugar alternative market.
Furthermore, the growing disposable income of consumers is [projected to
catalyse the regional market's growth over the assessment period. Moreover, the
regional market has experienced a massive increase in product launches in
recent years, which is causing an upsurge in the regional market's growth.
In 2017, the European region contributed more than 25% of
the net global market share for sugar alternatives. The regional market is
likely to grow substantially over the coming years.
The sugar alternatives market for the Asia-Pacific
region is anticipated to exhibit the highest growth over the forecasted
timeframe. The regional market's growth is attributed to the growing
urbanisation across emerging economies.
Recent Developments
• October
2021 - a Virginia-based startup with patented technology the company alleges
could allow the mass-market adoption of rare sugars such as tagatose and
allulose, Bonumose, has announced an investment of over USD27.7 million in the
manufacturing and research & development facilities in a 36,000 sq ft
facility in Pantops, Virginia, just east of Charlottesville.
• October
2021 – Sweegen, a California, United States-based company, has announced the
expansion of its high-intensity sweeteners portfolio at the beginning of 2022
with the launch of an ultra-sweet tasting protein found in small amounts in the
fruit of a West African plant called oubli, brazzein, which can be manufactured
on a wide scale through microbial fermentation.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
Comments
Post a Comment