(Food-Beverage-News.Com, November 02, 2021 ) The global sugar substitutes market size is estimated to be valued at USD 16.5 billion in 2020 and projected to reach USD 20.6 billion by 2025, recording a CAGR of 4.5% during the forecast period.
The global sugar substitutes industry has witnessed growing trends in the past years. The growth of this industry is majorly driven by increase in health consciousness among consumers to encourage the demand for healthier food choices, increase in demand for natural sweeteners due to the rise in consumer inclination toward natural products, and growing demand for sugar substitutes in various applications in the food & beverage industry.
Key players in this market include DuPont (US), ADM (US), Tate & Lyle (UK), Ingredion Incorporated (US), Cargill Incorporated (US), Roquette Frčres (France), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc. (US), JK Sucralose Inc. (China), and Ajinomoto Co. Inc. (Japan).
DuPont serves a diverse array of products and has twenty-three product lines, which primarily deal in adhesives, advanced printing solutions, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, dietary supplements, electronic solutions, fabrics fibers and nonwovens, food and beverage ingredients, home garden and car care, industrial enzymes and bioactive, industrial films, medical devices and materials, microbial control solutions, packaging materials & solutions, pharmaceutical ingredients, personal care ingredients, personal protective equipment, resins, solar, and water solutions. It holds 176 brands under all of its business segments.
ADM is a food manufacturing company that is primarily involved in the production of food & beverage ingredients, feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company provides numerous products and services under three major segments: industries, innovation, and services. ADM serves food & beverage, animal nutrition, industrials, and fuels under the industries segment.
The company offers a wide range of product portfolio under the food & beverage segment, including acidulants, alcohol, ancient grains & seeds, bases, seasonings & powders, beans & pulses, colors, emulsifiers & stabilizers, fibers, flavors, extracts, distillates, flours & grains, functional health, mixes, icings & fillings, nuts, edible oils, proteins, starches, and sweetening solutions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
