by Prapti Hinge
The global sugar sub size is projected to reach USD 10.27 billion by the end of 2026. The increasing applications of sugar substitutes in several food products will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Sugar Substitutes Market Size, Share and Global Trend By Type (Aspartame, Acesulfame potassium, Saccharine, Sucralose, Stevia, Sugar Alcohols, and Others), Application [Food and Beverage (Table-top, Beverages, Bakery & Confectionery, and Other Processed Foods), Pharmaceuticals, and Personal Care and Cosmetics), and Geography Forecast till 2026,” the market was worth USD 6.35 billion in 2018 and will exhibit a CAGR of 6.3% during the forecast period, 2019-2026.
Sugar substitutes are food products that are used as low-calorie sugar alternatives. The product is used as a substitute for natural and processed sugar and contains the same amount of sweetness as normal sugar. The increasing demand for sugar substitutes driven by applications in diverse food products will open up a huge potential for the companies operating in the market. The increasing awareness regarding the adverse effects of sugar consumption will create a subsequent demand for sugar substitutes.
The increasing adoption of a sedentary lifestyle has led to a wider consumption of processed foods that contain a huge amount of sugar. The growing demand for clean-labeled products will open up a huge potential for the companies operating in the market. The presence of several large scale companies will aid the growth of the overall market in the coming years.
Tata Chemicals Introduces New Zero-sugar Sweetener; Increasing Product Launches Will Aid Sugar Substitutes Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing adoption of healthy foods and the demand for health-friendly substances will fuel the demand for sugar substitutes across the world. Accounting to the adoption of healthy lifestyle habits, companies are focused on introducing newer products that will help them establish a stronghold in the market.
In February 2019, Tata Chemicals announced the launch of a new sugar substitute. The company introduced Tata Nx, a zero-sugar sweetener that can be used as a substitute for natural sugar with the same amount of sweetness. Tata Nx is a 100% natural sweetener that is developed from stevia herb extract and has zero to minimum effects on human health. Through the introduction of Tata Nx, Tata Chemicals will look to capitalize on its massive consumer base across the world. Tata Chemicals’ latest product will not just benefit the company but will have a huge impact on the growth of the overall market in the foreseeable future.
Asia Pacific to Exhibit the Highest CAGR; Increasing Demand for the Product Will Aid Growth
The report highlights the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America currently dominates the market. The increasing investments, as well as efforts put in by major companies in the research and development of efficient sugar substitutes, will aid the growth of the market in this region.
The increasing prevalence of diabetes will lead to a wider consumption of sugar substitutes in several countries across this region. Besides Asia Pacific, the market in North America will also witness considerable growth in the coming years, driven by the high prevalence of diabetic patients in the United States. As of 2018, the market in North America was worth USD 2.39 billion and this value is projected to increase further in the coming years.
Read More About Press Release:
https://www.fortunebusinessinsights.com/press-rele...
Sugar substitutes are food products that are used as low-calorie sugar alternatives. The product is used as a substitute for natural and processed sugar and contains the same amount of sweetness as normal sugar. The increasing demand for sugar substitutes driven by applications in diverse food products will open up a huge potential for the companies operating in the market. The increasing awareness regarding the adverse effects of sugar consumption will create a subsequent demand for sugar substitutes.
The increasing adoption of a sedentary lifestyle has led to a wider consumption of processed foods that contain a huge amount of sugar. The growing demand for clean-labeled products will open up a huge potential for the companies operating in the market. The presence of several large scale companies will aid the growth of the overall market in the coming years.
Tata Chemicals Introduces New Zero-sugar Sweetener; Increasing Product Launches Will Aid Sugar Substitutes Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing adoption of healthy foods and the demand for health-friendly substances will fuel the demand for sugar substitutes across the world. Accounting to the adoption of healthy lifestyle habits, companies are focused on introducing newer products that will help them establish a stronghold in the market.
In February 2019, Tata Chemicals announced the launch of a new sugar substitute. The company introduced Tata Nx, a zero-sugar sweetener that can be used as a substitute for natural sugar with the same amount of sweetness. Tata Nx is a 100% natural sweetener that is developed from stevia herb extract and has zero to minimum effects on human health. Through the introduction of Tata Nx, Tata Chemicals will look to capitalize on its massive consumer base across the world. Tata Chemicals’ latest product will not just benefit the company but will have a huge impact on the growth of the overall market in the foreseeable future.
Asia Pacific to Exhibit the Highest CAGR; Increasing Demand for the Product Will Aid Growth
The report highlights the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America currently dominates the market. The increasing investments, as well as efforts put in by major companies in the research and development of efficient sugar substitutes, will aid the growth of the market in this region.
The increasing prevalence of diabetes will lead to a wider consumption of sugar substitutes in several countries across this region. Besides Asia Pacific, the market in North America will also witness considerable growth in the coming years, driven by the high prevalence of diabetic patients in the United States. As of 2018, the market in North America was worth USD 2.39 billion and this value is projected to increase further in the coming years.
Read More About Press Release:
https://www.fortunebusinessinsights.com/press-rele...
