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Sugar Substitute Market: Global Trends, Forecasts to 2018

Global sugar substitutes market: $13.7 billion industry forecast by 2018


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2014-03-14 23:39:01 - Sugar Substitute Market: Global Trends, Forecasts to 2018 - a new market research report on companiesandmarkets.com

The global sugar substitutes market was $10,538.8 million in 2012 and is expected to reach $13,761.2 million by 2018, growing at a CAGR of 4.5% for the same period. In terms of volume, the sugar substitutes market is estimated to reach 16,687.0 kilo tons by 2018, growing at a CAGR of 1.0%.

The global sugar substitute market has grown considerably in the last few years which is expected to continue. Factors such as growing consumer awareness, sugar prices and availability issues, increasing investments in R&D for development of more substitutes and cost advantages provided by the substitutes contribute to the demands and adoption rate.

Though the sweetener market is primarily driven by sucrose, high fructose syrup and saccharine, other substitutes namely stevia,

 

 

sorbitol, xylitol and other polyols are expected to dominate future market scenarios. Personal care products and beverages have been dominant in case of application sector scope. However, researches in various fields have opened up new avenues for the application of these substitutes. Confections, bakery, dairy and other food products such as cereals and desserts are now picking up pace.

The global low intensity sweetener market is expected to grow at a CAGR of 6.5% from 2013 to 2018. The flourishing F&B sector drives its stevia segment to grow at a promising CAGR of 17.6% till 2018. The global sugar substitute market in 2012 was dominated by high intensity sweeteners (49.8%) in terms of value and high fructose syrup (88.2%) in terms of volume. Sorbitol dominated the global polyols demands and held a market share of over 50.0% in 2012.

The sugar substitute market is dominated by the North American region. The demand for low caloric foods and low intensity sweeteners drives the North American market, estimated to grow at 3.9%. A high rate of adoption of stevia by manufacturers drives the European market to grow at a healthy CAGR of 5.0% from 2013 to 2018. Growing F&B market and resultant demand for LIS and HIS drives the APAC market. The Brazilian food industry demand drives the market for LIS and HIS, especially for beverage applications.

The global sugar substitute market is dominated by a few major companies including Tate & Lyle plc (U.K.), PureCircle (Malaysia), Cargill Inc. (U.S.), Merisent (U.S.), etc. New product developments and investments in R&D have set the sugar substitute market on a new dimension, thus leading to growth hand in hand with the global sweetener market.

PepsiCo (U.S.), PureCircle, Tate & Lyle, and Cargill have been at the forefront for product innovations and R&D activities, especially for stevia products. These market leaders approximately hold a 60% share in the global sugar substitute market. Tate & and JK Sucralose are the global leaders in the sucralose segment. Pure Circle dominates the stevia segment. Cargill Inc. and Roquette Freres (France) are dominant in the sugar polyols market segment.

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