Market Overview:

The global sugar substitutes market size was valued at USD 8.36 billion in 2023 and is projected to grow from USD 8.89 billion in 2024 to USD 16.31 billion by 2032, exhibiting a CAGR of 7.88% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Sugar Substitutes Market, 2024-2032.”

List of Key Players Mentioned in the Report:

• Cargill Incorporated (U.S.)
• Tale & Lyle (U.K.)
• ADM (U.S.)
• Ingredion Incorporated (U.S.)
• Roquette Freres (France)
• Real Stevia Company (Sweden)
• Pyure Brands LLC (U.S.)
• JK Sucralose Inc. (China)
• DuPont (U.S.)
• Ajinomoto Co. Inc.(Japan)

Segments:

Expansive Application in Food & Beverage to Encourage Growth of the Saccharin Segment

On the basis of type, the market is segmented into aspartame, ace. k, saccharin, sucralose, stevia, sugar alcohols, and others. The utilization of saccharin is particularly noteworthy for people whose diets necessitate calorie or carbohydrate constraint to people with obesity and diabetes.

Food & Beverage Segment to Grow Rapidly Owing to Consumer Inclinations for Low-Calorie Choices

Sugar substitutes are presently utilized in beverages such as carbonated diet drinks, flavored waters, and other beverages. Major players in the beverage industry favor ingredients such as saccharin and sucralose. Expanding consumer base for beverages provides incentives for developing new sugar alternatives and products, thereby driving the food & beverage segment growth.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.