According to the report “Sugar Substitutes” published by Market Data Forecast, the global market is projected to reach USD 17.17 billion by 2021, at a CAGR of 4.85% from 2016 to 2021.
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Regular sugar which is high in calories is being replaced by a vast array of sugar substitutes. Modern consumers are more health-conscious and prefer healthy, but low-caloric food products. Due to this, there has been high use of sugar substitutes in food & beverages industry.
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The market for sugar substitutes is mainly driven due to increase in consumer awareness which has resulted in consumers paying closer attention to food labels to ensure that the calorie content and growing awareness of the link between diet and health the problem of obesity and diabetes. Emerging economies are providing lucrative profit margins to the key market participants, which are providing wide range of opportunities.
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Global market for Sugar Substitutes is segmented based on Type, Composition and Application into further sub-segments as follows:
- High-intensity sweeteners
- Low-intensity sweeteners
- High-fructose syrups
- Heath & personal care
- Frozen foods
- North America
- Latin America
- Middle-East and Africa
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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 Global Sugar Substitutes market.
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