PUNE, India, Oct. 7, 2022 (GLOBE NEWSWIRE) — The global market for sugar substitutes size was $7.50 billion in 2021. The market is expected to keep growing $7.91 billion 2022 to $12.86 billion by 2029 with a CAGR of 7.20% in the forecast period 2022-2029.
This information is provided by Insights into the Fortune businessin his report entitled “Sugar Substitutes Market, 2022-2029.”
Effects of COVID-19:
Increased demand for artificial confectionery supported the market development
The COVID-19 pandemic caused a global standstill in several sectors, including the food and beverage industry, and destructively handicapped economies around the world by disrupting manufacturing and transportation industries. This caused ripples in all related sectors and brought the global economy to a halt. In addition, consumption patterns underwent notable changes during the period.
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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sugar-substitutes-market-100261
List of Key Players Mentioned in the Report:
- Cargill Incorporated (US)
- Tale & Lyle (UK)
- ADM (USA)
- Ingredion Incorporated (USA)
- Roquette Freres (France)
- Real Stevia Company (Sweden)
- Pyure Brands LLC (USA)
- JK Sucralose Inc. (China)
- Dupont (USA)
- Ajinomoto Co. Inc. (Japan)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 7.20% |
| Value prognosis 2029 | $12.86 billion |
| base year | 2021 |
| Market size of sugar substitutes in 2022 | $7.91 billion |
| Historical data | 2018-2020 |
| number of pages | 207 |
| Covered Segments | By type, by application, by geography |
| Sugar Substitutes Market Growth Drivers | Negative health effects due to excess sugar consumption are driving the market growth |
| Favorable government policies in different countries to ensure positive growth rate of market growth |
Segments:
Expansive application in the food and beverage industry to support the growth of the saccharin segment
Based on the type of segmentation, the market is segmented into Aspartame, Ace. k, saccharin,…
