Market Research Future published a half cooked research report on global sugar alternative market which is estimated to grow at a CAGR of 4.65% after 2023.
Sugar alternative is considered to be as food additives or ingredients which are massively used in the food and beverages. Sugar alternative provides a sweet taste like sugar. Sugar alternative offers less energy as compare to the sugar. Sugar alternative comes in various forms such as powder & cube and other various forms. Sugar alternative enhances the shelf life of the prepared food which is considered to be one of the significant reasons of the rising growth of sugar alternative.
The global sugar alternative market is witnessing an impressive growth over the last few years. With the changing lifestyle and evolving dietary patterns, convenience food plays an important role in defining the consumers’ food choices in the modern world. Sugar alternative is one of the important components in the food manufacturing process. One of the significant reasons of the rising growth of sugar alternative is the mounting growth of various beverages. Beverages are gaining traction both in the developed and developing economies. Due to the increasing population coupled with the rising per capita disposable income is anticipated to fuel the sales of beverages. Apart from that, factors such as changing lifestyle rising women workforce, and increasing demand of convenience products are anticipated to be vital reasons for increasing demand of beverages which is anticipated to fuel the overall growth of sugar alternative. Sugar alternative is massively used in the bakery & confectionery products, dairy products, and various frozen food which will aid to upsurge the sales of sugar alternative during the forecast period of 2017-2023. Also, one of the recent trends which is gaining traction among the consumers is the rising growth of natural sugar substitute products.
Global sugar alternative market is highly concentrated in North America. Asia Pacific has massive potential for sugar alternative, as there is an increasing awareness regarding healthy food habits along with new product developments by the key players in the sugar alternative market.
The global sugar alternative market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Among these, North America region is expected to retain its dominance throughout the forecast period. This is attributed by the rising health awareness among the consumers coupled with the new product development by the key players. Asia Pacific region is projected to register highest CAGR during the forecast period of 2017-2023. Among the Asia Pacific countries, China & India is estimated to account for half of the market proportion of Asia Pacific sugar alternative market. The number of patient is significantly increasing over the last couple of years which is anticipated to boost the sales of sugar alternative.
Sugar alternatives have been segmented on the basis of type which comprises of high fructose syrup, high intensity sweeteners, and low intensity sweeteners. High intensity sweeteners have been further segmented into Stevia, Aspertame, Cyclamate, Sucralose, Saccharin, Ace-K and others. Low intensity sweeteners have been further segmented into D-Tagatose, Sorbitol, Xylitol, Maltitol and others.
Sugar alternative market has been segmented on the basis of application, which comprises of food, beverages, cosmetic & personal care and others. Food segment has been further segmented into dairy, bakery & confectionery, frozen and others.
Sugar Alternative market has been segmented on the basis of distribution channel such as store based and non-store based. Store based distribution channel has been further segmented into supermarkets & hypermarkets, convenience stores, specialist retailers and others.
- Executive Summary
- Market Introduction 2.1 Definition
2.2 Scope of the study
2.2.1 Research Objectives
2.3 Markets Structure
- Research methodology
- 1 Research application
- 2 Secondary research
- 3 Primary research
- 4 Forecast model
- 5 Market Size estimation
- 4 MARKET DYNAMICS
- 1 Drivers
- 2 Restraints
- 3 Opportunities
- 4 Challenges
5 MARKET TRENDS
- 1 Trends in Supply/Applicationion
- 2 Trends in Demand/Consumption
- 3 Emerging Markets (Supply & Demand)
- 4 Emerging Brands
- 5 Trade (Import-export) Analysis
5.6 Innovations in Applications/application
- 7 Macroeconomic indicators Analysis for top 5 Producing countries