Sugar Substitutes Market by Application, Type, Region - 2025 | COVID-19 Impact Analysis

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MarketsandMarkets Presents
Sugar Substitutes Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/sugar-substitute-market-1134.html

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According to MarketsandMarkets "Sugar Substitutes
Market by Type (High Fructose Syrup,
High-Intensity Sweetener, Low-Intensity
Sweetener), Composition, Application (Beverages,
Food Products, and Health Personal Care
Products), and Region - Global Forecast to 2025",
the global 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 the demand for
healthier food choices, an increase in demand for
natural sweeteners due to the rise in consumer
inclination toward natural products, and growing
demand for sugar substitutes in various
applications in the food beverage
industry. Browse 164 market data Tables and 39
Figures spread through 204 Pages and in-depth TOC
on "Sugar Substitutes Market - Global Forecast to
2025 The North American region is projected to
hold the largest market share during the forecast
period The North American region is projected to
dominate the global sugar substitutes market due
to a variety of key factors, such as the busy
lifestyle of consumers, increase in the
prevalence of chronic diseases due to hectic
lifestyles, and rise in awareness among consumers
regarding the health benefits of reduced sugar in
food and beverage products. The US has a large
market for confectionery, bakery, packaged, and
food convenience food products, due to which it
constitutes a major share in the market.
Consumers in the US are becoming
calorie-conscious, attributed to the increase in
health problems in the country. Due to these
factors, low-calorie and low-fat food products
are becoming popular in the country. Download
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• Report Objectives
• Determining and projecting the size of the sugar
  substitutes market, with respect to type,
  composition, application, and regions, over five
  years, ranging from 2020 to 2025
• Identifying the attractive opportunities in the
  market by determining the largest and
  fastestgrowing segments across regions
• Providing detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• Analyzing the micro-markets with respect to
  individual growth trends, prospects, and their
  contribution to the total market
• Identifying and profiling the key players in the
  sugar substitutes market
• Providing a comparative analysis of market
  leaders on the basis of the following
• Product offerings
• Business strategies
• Strengths and weaknesses
• Key financials
• Understanding the competitive landscape and
  identifying the major growth strategies adopted
  by players across the key regions
• Analyzing the value chain and products across key
  regions and their impact on prominent market
  players
• Providing insights on key product innovations and
  investments in the sugar substitutes market
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id1134

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COVID-19 Analysis The global sugar substitutes
market is impacted highly due to the uncertain
pandemic circumstances that occurred across the
globe. The effects of COVID-19 impact the supply
chain of the final products, as well as raw
material ingredients. The North American region,
followed by the Europe and Asia Pacific region,
plays a vital role in the sugar substitutes
market due to the concentration of several key
players operating from these regions. Hence, the
market in terms of supply is projected to witness
hindrances, as sugar substitutes produced by many
key players in these regions cater to the
end-users across the world. However, regional
consumption is projected to witness a surge in
the respective market itself, as consumers are
increasingly concentrating on maintaining weight
and following different diets for maintaining
good health. Opportunities Increase in
investments in RD activities by manufacturers to
develope newer and enhanced products Manufacturer
s are increasingly investing in the RD of new
sugar substitutes to gain a larger share than
their competitors. Many food beverage
manufacturers are replacing regular sugars with
sugar substitutes for lowering the calorie
content of the final products. The demand for
sugar substitutes from developed economies has
increased. The major reason behind the
substantial growth of the sugar substitutes
market is the changing consumer attitude toward
the consumption of sugar substitutes. The
awareness about the ill-effects of high-calorie
regular sugar consumption among consumers is
increasing. To attract such potential consumers,
sugar substitutes are made available across
pharmacies, supermarkets, grocery stores, and
health food shops in developed economies such as
the US, Canada, and Germany. Make an Inquiry
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uyingNew.asp?id1134  
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• This report includes a study on the marketing and
  development strategies, along with the product
  portfolios of leading companies. It consists of
  profiles of leading companies, such as DuPont
  (US), ADM (US), Tate Lyle (UK), Ingredion
  Incorporated (US), Cargill Incorporated (US),
  Roquette Frères (France), PureCircle Ltd (US),
  MacAndrews Forbes Holdings Inc. (US), JK
  Sucralose Inc. (China), and Ajinomoto Co. Inc.
  (Japan).
• Target Audience
• Raw material suppliers
• End users that include the following
• Food beverage manufacturers/suppliers
• Health Personal care product manufacturers/suppl
  iers
• Retailers
• Commercial research development (RD)
  institutions and financial institutions
• Importers and exporters of sugar substitutes
• Traders, distributors, and suppliers
• Research organizations
• Trade associations and industry bodies
• Recent Developments
• In July 2020, Tate Lyle launched the VANTAGE
  sweetener solution design tools. It is a set of
  new and innovative sweetener solution design
  tools along with an education program, which is
  designed for creating sugar-reduced food and
  drinks using low-calorie sweeteners.
• In July 2018, ADM and Aston Foods (Russia)
  entered into a joint venture of sweeteners and
  starches in Russia. This helped the company in
  expanding its footprint in the Russian sugar
  substitutes market.

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