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Global Sugar Substitutes Market: Snapshot

Sugar unarguably has been a commodity of vast commercial scope around the world. The mounting concerns of obesity and a host of other serious health problems caused by sugar consumption have led people to look for alternatives. With changing taste and preferences of consumers, especially them becoming more health conscious, a wide array of sugar substitutes have risen in popularity. The artificial sweeteners industry for one has been at the forefront of reaping large revenue gains by investing in sugar substitutes market. They can be sourced from plants or are manufactured synthetically. Advances in processing technologies have helped expand the raw materials for making sugar substitutes and to produce these at scale.

Growing inclination to migrate to diets with less calorific contents has been a key enabler as well accelerator of product developments in the sugar substitutes market. Food companies have also been finding attractive revenue potential on sugar substitutes. Several brands containing sugar substitutes are garnering attention by and acceptance of populations in developed economies. A case in point is stevia-based functional food products. This is one of the significant trends behind the growth of the sugar substitutes market. A class of artificial sweeteners are gathering steam due to them considered as ‘generally recognized as safe’. The scientific backing is thus propelling their demands in various parts of the world, increasingly in developing countries. The growing role of these in nutritional interventions to manage the risk of type 2 diabetes and heart diseases has been augmenting the market potential. Moreover, several functional sweeteners by food companies are growing in uptake, as they promise consumers these sugar substitutes to have beneficial impact on preventing dental caries. Growing number of products that are approved by FDA is helping expand the lucrative avenues in the sugar substitutes market.

Global Sugar Substitutes Market: Overview

The global sugar substitutes market is likely to witness healthy growth during the course of forecast from 2018 till 2026. Increasing demand from the food and beverages industry is propelling demand for the sugar substitute market and the market is likely to gain traction in the coming years. Increasing consumer health awareness among the population is likely to support growth of this market in the year to come. In addition, growing prevalence of diabetes and rising concern about the high consumption of sugar is further bolstering growth of this market too.

On the basis of product type, the high intensity sweeter market is anticipated to gain prominence in the global sugar substitute market. This marketplace is likely to hold 43.5% of the total markt value over the forecast period.

The report provides brief analysis about the global sugar substitute market couple with this the segmental and regional analysis of this market is also included in this report. The report also provide close look at the technologies supporting growth of this market and it also offers driving and restraining factor majorly impacting overall growth of this market.

Global Sugar Substitutes Market: Trends and Opportunities

The fluctuating cost of the sugar substitute is providing key opportunities for the manufacturers operating in the global sugar substitute market. The increasing awareness among the population regarding the proper food consumption among the diabetics and obese population is likely to propel growth of the sugar substitute market in the near future. Furthermore, the consumer are more aware about the excessive sugar consumption impact, hence they are looking out for the product with less sugar or alternative substitute with almost no sugar in it. This is further fueling growth of the global sugar substitutes market in the next coming years.

Global Sugar Substitutes Market: Regional Outlook

From a geographical point of view, North America is likely to dominate the global sugar substitute market due to growing demand for sweetener in the North America region. The rising demand for sugar substitute in industrial and non-industrial usage and transforming consumer’s preference is further fueling demand for the sugar substitute market in the foreseeable future. Moreover, North America is one of the leading manufacturer of sweetener market due to increasing demand for convenience food, alternative sugar source and functional food. This is further stipulating growth of this market in this region in the upcoming years.

Global Sugar Substitutes Market: Companies Mentioned

This section of the report provides insight about the key players operating in this market in the coming years. Some of the players operating in the sugar substitute market are The Nutra Sweet Company, Ajinomoto Co., Inc., Ingredion Incorporated, Roquette, Tate & Lyle, and Pure Circle Limited. The manufacturers are largely focused toward the developing new product in order to boost growth in this market. For instance, PepsiCo is including aspartame back to its flagship Diet Pepsi product. This is further supplementing market growth in this region in the foreseeable future.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

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Sugar Substitutes Market

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