Market Overview

The Global Sugar Substitutes Market was valued at USD 18,874.5 million in 2023 and is expected to reach USD 28,313.9 million by 2031 while growing at a CAGR of 5.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global sugar substitutes market growth. Sugar substitutes, also called artificial sweeteners, are used in foods and beverages as calorie-free alternatives to traditional sugar (sucrose). They offer sweetness without the associated calories, making them ideal for those aiming to manage weight, reduce calorie intake, or control blood sugar levels.

Increasing health concerns and advancements in the food and beverage industry propel the sugar substitutes market growth, yet taste and texture limitations, along with regulatory hurdles, may impede expansion.

Furthermore, the global sugar substitutes industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Sugar Substitutes Market is segmented among Acesulfame Potassium, Advantame, Aspartame, Neotame, Saccharin, Sucralose, Stevia, and Other Types, based on Type. In 2023, Acesulfame Potassium accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Sugar Substitutes Market is segmented among Food, Beverage, and Pharmaceuticals, based on Application. In 2023, Beverage accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Sugar Substitutes Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Tate & Lyle PLC, Ingredion Inc., Ajinomoto Co., Inc, Cargill Inc, Morita Kagaku Kogyo Co. Ltd6., JK Sucralose Inc., Manus Bio Inc., Archer Daniels Midland Company, Xianghua GL Stevia Co, and GLG Life Tech Corp.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Sugar Substitutes Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Sugar Substitutes Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Sugar Substitutes Market Segmentation, By Type

• Global Sugar Substitutes Market Share Analysis, By Type

• Global Sugar Substitutes Market Growth Analysis, By Type

• Global Sugar Substitutes Market Trends, By Type

o Acesulfame Potassium

o Advantame

o Aspartame

o Neotame

o Saccharin

o Sucralose

o Stevia

o Other Types

6. Global Sugar Substitutes Market Segmentation, By Application

• Global Sugar Substitutes Market Share Analysis, By Application

• Global Sugar Substitutes Market Growth Analysis, By Application

• Global Sugar Substitutes Market Trends, By Application

o Food

Ø Baked Foods and Cereals

Ø Confectionery

Ø Dairy and Dairy Alternatives

Ø Sauces

Ø Condiments, and Dressings

Ø Other Food Application

o Beverage

o Pharmaceuticals

7. Global Sugar Substitutes Market Segmentation, By Region

• Global Sugar Substitutes Market Share Analysis, By Region

• Global Sugar Substitutes Market Growth Analysis, By Region

• Global Sugar Substitutes Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Tate & Lyle PLC*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Ingredion Inc.

• Ajinomoto Co., Inc

• Cargill Inc

• Morita Kagaku Kogyo Co. Ltd.

• JK Sucralose Inc

• Manus Bio Inc.

• Archer Daniels Midland Company

• Xianghua GL Stevia Co

• GLG Life Tech Corp

 *Similar analysis will be provided for each company listed above.