(Food-Beverage-News.Com, October 17, 2017 ) According to the report North America Sugar Substitutes Market, published by Market Data Forecast, the Market has been estimated at USD 4.47 Billion in 2016 and is projected to reach USD 5.55 Billion by 2021, at a CAGR of 4.40% during the forecast period from 2016 to 2021. Food additives that resemble the taste of sugar are known as sugar substitutes. The food & beverage industry is increasingly replacing sugar or corn syrup with other sugar substitutes in a range of products traditionally containing sugar.
The market for Sugar substitutes is mainly driven due to rise in demand for low-calorie products and growing awareness about the benefits of sugar substitutes. Also, burgeoning population coupled with rising disposable income is increasing the demand for sugar substitutes. But, the market growth can be dampened due to performance quality, sweetness intensity, and regulations imposed by governing bodies.
North America market for Sugar Substitutes is segmented based on type, composition, and application. By type, the market is further sub-segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. By composition, the market is further sub-segmented into Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol. By application, the market is further sub-segmented into heath & personal care, beverages, food (confectionery, bakery, dairy, and frozen foods). High-intensity sweeteners account for a highest market share and is expected to grow at a CAGR. Its attributes such as cost reduction and appropriate blending with food & beverages to enhance the taste are anticipated to propel the demand in near future. Food segment has the fastest growth, owing to increasing awareness and changing consumer patterns for low-calorie food products.
Geographically, North America market for Sugar Substitutes is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe. U.S. dominates the North America sugar substitutes market accounting for over 70% sales with Canada growing with high CAGR. The market in this region is quite mature due to rising prevalence of diabetes and obesity, and growing consumer demand for sugar substitutes.
Cargill Incorporated, Tate & Lyle PLC, E. I. du Pont de Nemours and Company, Roquette Freres S.A., PureCircle Ltd., Ajinomoto Co. Inc., Archer Daniels Midland Company, MacAndrews & Forbes Incorporated, Ingredion Incorporation, and JK Sucralose Incorporation, are the major players of North America Sugar Substitutes market.
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