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Sugar Substitutes Market Share

Report ID: GMI6291
Published Date: Jul 2023
Report Format: PDF

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Sugar Substitutes Market Share

Some of the major sugar substitutes market players operating in the Sugar substitutes industry are

Cargill
Incorporated
Ingredion Incorporated
Tate & Lyle PLC
ADM (Archer Daniels Midland Company)
DuPont (now part of IFF - International Flavors & Fragrances)
PureCircle Limited
Kerry Group
Steviva Brands, Inc.
SweetLeaf Stevia
The Coca-Cola Company
PepsiCo, Inc.
Nestle S.A.
The Hershey Company
Ajinomoto Co., Inc.
Whole Earth Brands, Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for sugar substitutes was USD 21.65 billion in 2023 and will reach USD 35.5 billion by the end of 2032 due to the surging awareness of the adverse health effects of excessive sugar consumption, such as obesity, diabetes, and dental issues.

Sugar substitutes size from artificial sweeteners reached USD 9.2 billion in 2022 due to the rising consumer inclination towards reducing sugar intake and managing weight through low-calorie food and beverages

The food and beverages end-user segment recorded 45% of the sugar substitutes industry share in 2022 and is expected to grow at a lucrative pace by 2032 driven by the growing need to create low-calorie and reduced-sugar products that align with health and wellness trends

U.S. sugar substitutes size was USD 4.5 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 impelled by increasing focus on health and wellness among consumers