Key Highlights of the Market:
Sugar alternatives are sugar ingredients or additives which are utilized as an additive in the food and beverages as a healthier option in place of sugar. Sugar alternative gives a sweet flavor like sugar and offers less vitality in comparison with the sugar. Sugar alternative is available in different types, for example, cube and powder and others. Sugar alternatives upgrade the timeframe of realistic usability of the readied sustenance which is viewed as one of the huge reasons for the rising development of sugar alternative. The worldwide sugar alternative market is foreseen to be driven by the expanding attention to wellbeing among the customer in the upcoming economies. Additionally, buyers are progressively favoring low calorie and more advantageous nourishments which thusly decidedly quicken the offers of sugar alternative products amid the conjectured time. Then again, prepared food products are picking up acknowledgment among the purchasers which is anticipated to upsurge the offers of sugar alternative amid the conjecture time frame.
The market is encompassed with leading players rigorously investing in new product development in order to widen their offerings. The main players in the market are E. I. du Pont de Nemours and Company, Tate & Lyle PLC, Ingredion Incorporated, Roquette Freres S.A, Cargill Incorporated, and Archer Daniels Midland Company.
Based on the product the market is sectioned into Low-intensity sweeteners, High-intensity sweeteners and High fructose syrup Out of which the High-intensity sweeteners section ruled the market, representing 44.1% of the global revenue of the market in 2015. On the basis of Application the market is segmented into Beverages, Food and Others out of which the Beverage segment commanded the global sugar substitutes market, representing 43.5% of the global market value in 2015.
On the basis of revenue, North America was the main regional market and it held 46.3% of the worldwide interest in 2015. It is foreseen to overwhelm the market over the conjecture time frame because of the food processing sector, the rising pervasiveness of diabetes, and expanding obesity among the populace.