Asia-Pacific Sugar Substitutes Market, By Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others) – Industry Trends and Forecast to 2030.
Asia-Pacific Sugar Substitutes Market Analysis and Size
Due to their links to an imbalanced calorie intake, obesity, diabetes, and metabolic syndrome have all become major public health issues. Sugar substitutes are essential for calorie reduction as part of a healthy diet and physical activity regimen to combat the conditions mentioned above.
Data Bridge Market Research analyses that the sugar substitutes market was valued at 8.78 billion in 2022 and is expected to reach the value of USD 18.41 billion by 2030, at a CAGR of 9.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Asia-Pacific Sugar Substitutes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others)
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Countries Covered
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China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, Rest of Asia-Pacific
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Market Players Covered
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zuChem Inc. (U.S.), Ingredion Incorporated (U.S.) BENEO (Germany), Cargill, Incorporated (U.S.), DuPont (U.S.), Foodchem International Corporation (China), JK Sucralose Inc. (India), HSWT (France), Roquette Frères (France), Mitsui Sugar Co.,Ltd (Japan) ADM (U.S.), Tate & Lyle (U.S.), Pyure Brands LLC (U.S.) Ajinomoto Health & Nutrition North America, Inc. (U.S.), StartingLine S.p.A. (Italy), Mafco Worldwide LLC (U.S.)
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Opportunities
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Market Definition
A sugar substitute is a food additive that tastes similar to sugar but has far fewer calories than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. They are either derived from natural substances found in nature or created artificially with chemicals and preservatives.
Sugar Substitutes Market Dynamics
Drivers
- Rising preferences for natural sugar
Sugar substitutes are commonly used in beverages such as soft drinks or carbonated beverages, flavouring juices, and other food products as sugar substitutes. Natural sugar substitutes are becoming more popular in the Asia-Pacific as consumer tastes shift toward organic-based foods and beverages. Natural sugar is a low-calorie sweetener derived from plants such as stevia, monk fruits, and others that is 200 times sweeter than sugar. Sugar substitutes' advantages, as well as their organic advantages, have aided market growth.
- Growing demand in various end-user industries
The market is also being driven by the increased use of sugar substitutes in various end-use applications such as pharmaceuticals, cosmetics, food, feed, ethanol production, and others. It can be used as a water-retention agent in personal care and cosmetics serums and a nutritional supplement in pharmaceutical products like syrups and injections. Strong R&D combined with technical capabilities has driven the company and as a result, crystalline sugar demand has grown over time.
Opportunities
- Innovation in food processing technologies
Growing technological innovation in the food processing sector and increasing demand for nutritional snack bars will drive market expansion. Sugar substitute producers are expected to benefit from sugar price fluctuations. As a result of these factors, the market is increasing in tandem with the number of diabetic patients and consumer health awareness.
Restraints
- Health problems
However, many scientists believe that consuming too many sugar substitutes can lead to serious health problems such as type II diabetes, heart disease, obesity, and, in some cases, cancer. Sugar substitute availability has decreased, and the development of artificial sweeteners has shifted consumer preferences concerning artificial sweeteners, limiting market growth.
This sugar substitutes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sugar substitutes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Sugar Substitutes Market
The pandemic of COVID-19 disease is becoming a major impediment to the Asia-Pacific economy, with implications for the food and beverage industry's growth. Major food producers have reduced production of major food products. Furthermore, as people look for ways to improve their overall health and well-being, there is a rapid increase in demand for less sugary and immunity-boosting products as a result of the COVID-19 pandemic, and most health-conscious customers have turned to low-calorie or sugar-free foods. Manufacturers and product formulators have been forced to use sugar substitutes as a result of rising health consciousness and high demand for sugar-reduced solutions among the Asia-Pacific population.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2020 Tate & Lyle will release the VANTAGE sweetener solution design tools. It is a collection of new and innovative sweetener solution design tools and an education programme for creating sugar-reduced food and drinks with low-calorie sweeteners.
Asia-Pacific Sugar Substitutes Market Scope
The sugar substitutes market is segmented on the basis of type, form, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- High-intensity sweeteners
- Low-intensity sweeteners
- High-fructose syrups
Form
- Powder
- Crystallized
- Liquid
Category
- Natural
- Synthetic
Application
- Food products
- Oral care
- Pharmaceuticals
- Beverages
Sugar Substitutes Market Regional Analysis/Insights
The sugar substitutes market is analyzed and market size insights and trends are provided by country, type, form, category and application as referenced above.
The countries covered in the sugar substitutes market report are China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, and Rest of Asia-Pacific.
The Asia-Pacific sugar substitutes market is dominating the market due to growing awareness programmes conducted by sweetener manufacturers encouraging consumers to use low-caloric sugar instead of traditional sugar in their daily diet.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sugar Substitutes Market Share Analysis
The sugar substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sugar substitutes market.
Some of the major players operating in the sugar substitutes market are:
- zuChem Inc. (U.S.)
- Ingredion Incorporated (U.S.)
- BENEO (Germany)
- Cargill, Incorporated (U.S.)
- DuPont (U.S.)
- Foodchem International Corporation (China)
- JK Sucralose Inc. (India)
- HSWT (France)
- Roquette Frères (France)
- Mitsui Sugar Co.,Ltd (Japan)
- ADM (U.S.)
- Tate & Lyle (U.S.)
- Pyure Brands LLC (U.S.)
- Ajinomoto Health & Nutrition North America, Inc. (U.S.)
- StartingLine S.p.A. (Italy)
- Mafco Worldwide LLC (U.S.)
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