Share Market Newspaper

Sugar Substitutes Market To Witness Enhanced Growth Owing To Increasing Usage In Cosmetics And Food Industries Till 2024 | Million Insights

Sugar Substitutes Market To Witness Enhanced Growth Owing To Increasing Usage In Cosmetics And Food Industries Till 2024 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, The demand for the products is expected to grow rapidly owing to increasing disposable income and rising health awareness among the population. The rising consumption of low-calorie food & beverages is one of the major driving factor anticipated to boost market demand.

Industry Insights

In 2015, Sugar Substitutes Market accounted for over USD 13 billion. The demand for these products is expected to grow rapidly owing to increasing disposable income and rising health awareness among the population. The rising consumption of low-calorie food & beverages is one of the major driving factor anticipated to boost market demand.

The demand for sugar substitutes from pharmaceuticals and personal care companies is growing owing to increasing health problems such as obesity and diabetes resulting from excessive consumption of sugar. The growing demand in end-use industries such as cosmetics, dairy, bakery and frozen foods is expected to propel market demand over the forecast period.

Obscurity about sugar substitutes and health problems caused due to high sugar consumption is expected to restrict consumption of these products. Regulations and international standards for quality criteria are vital bottlenecks that can act as a restraint over the forecast period.

Full Research Report On Global Sugar Substitutes Market Analysis available at: https://www.millioninsights.com/industry-reports/sugar-substitutes-market

Stevia is a natural alternative used in foods and drinks. The demand has seen an upward trend from 2014 as it received approval from European regulatory bodies. The launch of new products containing stevia has seen an upward trend in the past few years and is expected to have a negative impact on the market growth.

Product Insights

In 2015, high fructose syrup dominated the sugar substitutes market and accounted for over 70% of volume share. The demand for high fructose syrup is driven by growing concerns of obesity surrounding fructose syrup. Its properties like appropriate blending and cost reduction coupled with application in manufacturing of alcoholic beverages are expected to boost demand over the forecast period.

Application Insights

Beverages segment dominated the sugar substitutes market in 2015 and accounted over USD 5.0 billion. The consumption of high-intensity sweeteners in alcoholic beverages is witnessing high growth in Europe and North America. It also finds its applications in carbonated beverages for increasing the taste of the beverages.

Food segment is projected to witness the fastest growth in near future due to rising awareness regarding consumption of low-calorie food. The adoption of economical pricing strategy for the superior quality of food products is expected to drive market growth over the forecast period. Confectionary products and bakery products dominated the food segment followed by dairy products owing to growing consumption in developing countries.

Regional Insights

In 2015, North America accounted over 40% of volume share globally. Rising awareness about health issues such as obesity and diabetes coupled with the presence of food processing industries driving the market growth. U.S. is the major country region accounting for more than 70% of the volume share in 2015.

The demand in the Middle East and Asia Pacific is expected to grow rapidly owing to the presence of emerging economies such China, India, and Thailand. The changing lifestyles and rising health awareness in the region are expected to further augment demand for these products.

Request for Free Sample Copy @ https://www.millioninsights.com/industry-reports/sugar-substitutes-market/request-sample

Competitive Insights

The key players in the market are Archer Daniels Midland Company, Ingredion Incorporated, E.I. du Pont de Nemours and Company, Cargill Incorporated and Tate & Lyle PLC. These players have established a strong presence resulting from well-executed R & D initiatives and planned regional expansion.

Market Segment:

Global sugar substitutes product outlook (Volume, Kilo tons; Revenue, USD Million, 2013 – 2024)
• High intensity sweeteners
• Low intensity sweeteners
• High fructose syrup

Global sugar substitutes application outlook (Volume, Kilo tons; Revenue, USD Million, 2013 – 2024)
• Food
• Bakery & Confectionery
• Dairy
• Others
• Beverages
• Others

Global sugar substitutes regional outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2024)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Middle East & Africa

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/food-and-beverage

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/sugar-substitutes-market