PUBLISHER: Market Research Future | PRODUCT CODE: 1656048
PUBLISHER: Market Research Future | PRODUCT CODE: 1656048
Global Sugar Reducing Ingredients Market Research Report Information by Function (Sweeteners, Bulking Agents, and Texturants), Application (Food & Beverage and Pharmaceuticals & Nutraceuticals), Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) Forecast Till 2030
Over the course of the forecast period, the market for sugar-reducing additives is anticipated to grow at a compound annual growth rate (CAGR) of 5.70%. The market for sugar-reducing ingredients has been growing in recent years due to several factors, including favorable government regulations, the growing incidence of diabetes and cardiovascular diseases, and growing consumer awareness of the negative health effects of consuming excessive amounts of sugar. In the upcoming years, this industry is anticipated to expand steadily, offering prospects for companies that manufacture goods and substances that lower sugar.
Because of the health benefits they offer, the demand for sugar-reducing chemicals has increased due to the expanding senior population as well as the sizable population in the United States who suffer from diabetes and cardiovascular disease. For instance, the FDA claims that aspartame is a 200-times sweeter artificial sweetener than sugar and is not nutritional. It is occasionally offered in blue packages under the names Equal and NutraSweet. Aspartame has a low-calorie count, although not having zero calories like some other artificial sweeteners. In addition, heart disease is the top cause of death in the United States for both sexes and members of most racial and ethnic groups, according to the Centers for Disease Control and Prevention. Cardiovascular disease kills one person every 34 seconds in the US.
Perspectives on Market Segments
Sweeteners, bulking agents, and other ingredients are part of the Sugar Reducing Ingredients Market segmentation based on their purpose.
The Sugar Reducing Ingredients Market has been divided into two segments based on application: food and beverage and medicines and nutraceuticals.
The Sugar Reducing Ingredients Market has been divided into B2B and B2C segments based on the distribution channel.
Regional Perspectives
With a 37.64% market share in 2023, the Asia-Pacific region is expected to grow at a compound annual growth rate (CAGR) of 5.97% throughout the forecast period. With a market share of 26.59% in 2023, the North American region ranks as the second largest. In the Food & Beverage Asia magazine, the managing director of BENO, Asia Pacific, indicated that 50% of the 227 million individuals with type 2 diabetes in the region are unaware of the disease's long-term consequences. Nonetheless, consumers are changing to healthier lifestyles. The report went on to explain that a poll of Singaporean consumers revealed that roughly 66.67% of them are leaning toward changing their purchasing and lifestyle patterns. The COVID-19 epidemic has further fostered this tendency by raising public awareness of the substances in food and drink items. China, India, Japan, Australia, New Zealand, and the rest of the Asia-Pacific region make up the Asia-Pacific region. In the Food & Beverage Asia magazine, the managing director of BENO, Asia Pacific, noted that over 227 million individuals in the region have been diagnosed with type 2 diabetes, and half of them are unaware of the disease's long-term consequences.
Ingredion Incorporated, ADM, Cargill Incorporated, Roquette Freres, DuPont, International Flavors & Fragrances Inc., GLG LIFE TECH CORP., Tate & Lyle, Kerry Group, and Sudzucker AG are important players in the sugar-reducing ingredients market.