Health-conscious trends increase demand in food and beverage sectors

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Dublin, January 30, 2024 (GLOBE NEWSWIRE) — The “Global Sugar Substitutes Market Size, Share and Trends Analysis, 2023-2030” report has been added to ResearchAndMarkets.com offer.

This study on the global sugar substitutes market provides an in-depth analysis of key market trends and dynamics from 2023 to 2030. The report examines the projected market scope of $25.9 billion by 2030, with a robust CAGR 5.8% compared to forecasts. period.

The increase in market size is attributed to the increase in consumption of 1,126.0 kilo tonnes by 2022, representing a growth rate of 6.3% between 2019 and 2022. This growth is notably driven by the growing demand for sugar reduction solutions in various applications such as beverages, food, health and personal care.

The dairy industry is significantly contributing to market expansion with the advent of sugar-free dairy products, adapting to consumer needs for diabetes and blood sugar management. In 2022, the dairy products segment reached a notable valuation of $1,337.9 million.

Application Analysis Highlights

Within the market segmentation, the food applications segment illustrates a substantial revenue presence, led by manufacturers’ initiatives to revamp product formulations with healthier, low-sugar alternatives. This development is consistent with consumers’ preference for sugar-free, low-calorie diets.

The bakery and confectionery sub-segments are responding to wellness trends by incorporating sugar substitutes, which has led to the highest revenue share in the food category in this segment.

Type Analysis Forecasts

Delving deeper into their types, low-intensity sweeteners are gaining attention for their role in weight management and calorie intake, thereby securing substantial revenues in the market. Their popularity in low-calorie drinks and diet sodas means a steep demand curve in this sector.

Regional analysis information

The North American market is in the spotlight due to its significant revenue contribution arising from increased consumer focus on weight management and healthy lifestyle choices. Consumers in the region are showing a growing preference for products low in calories and sugar.

Competitive landscape and strategic developments

The report identifies key industry players leading the charge in innovation and strategic partnerships, thereby strengthening their positions and product portfolios in the sugar substitutes market.

  • Remarkable collaborations and product launches that align with today’s health trend

  • Significant acquisitions that enrich product lines and global supply chains

  • Agreements to increase availability of natural zero-calorie sweeteners

Companies mentioned

  • Tate & Lyle PLC

  • Cargill, Incorporated

  • Company Archer Daniels Midland

  • Incorporated Ingredient

  • Roquette Freres SA

  • Ajinomoto Co. Inc.

  • DuPont de Nemours, Inc.

  • Pyure Brands, LLC

  • Foodchem International Corporation

  • Matsutani Chemical Industry Co. Ltd.

For more information about this report, visit https://www.researchandmarkets.com/r/dtc6il

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