Sugar substitutes is segmented into HIS, HFS, and LIS comprising of 49.82%, 29.52 %, and 20.6 % respectively, of the global sugar substitutes market.
(PRWEB) July 06, 2014
The global sugar substitutes market has been growing tremendously due to the increasing demand for healthy and natural food products from the health conscious consumers. The global sugar substitute market has grown considerably in the last few years which is expected to continue in the future. Though the sweetener market is primarily driven by sucrose, high fructose syrup and saccharine, other substitutes namely stevia, sorbitol, xylitol and other polyols are expected to dominate future market scenarios. The market for food sugar substitutes is witnessing a remarkable growth due to growing demand for healthier food products and natural food ingredients.
Europe is the third largest market in the global sugar substitutes market, projected to grow with a CAGR of 1.5% from 2013 to 2018. The region accounts for 21% of the global sugar substitutes market. It remains one of the important markets for sugar substitutes companies due to its size and regulatory environment. Europeans are health conscious and scrutinize the ingredients being used by companies carefully. Globally, Europe is the largest market for LIS, which includes sugar polyols. As consumers' demand for low-calorie food is high, the food industry has opted for the use of sugar polyols, which are similar to sugar but with low-calorie value.
Browse through the market data tables, figures and detailed ToC on the “European Sugar Substitutes Market”.
North American Sugar Substitutes Market
The North American sugar substitutes market is expected to reach a CAGR of 0.2 % from 2013 to 2018. The North American market commanded the largest share in the global sugar substitutes market and is one of the rapidly growing segments. The market for sugar substitutes here is fairly matured, and hence, the growth is moderate compared to the other regions. The market is projected to be driven by the increasing consumers demand for the processed and convenience food due to their busy lifestyle in the developed countries such as U.S. A major application of sugar substitutes in North America is in the beverage industry. The U.S. is the largest market for sugar substitute products in North America with a share of 79%.
Asia-Pacific Sugar Substitutes Market
Asia-Pacific is the fastest growing region for sugar substitutes market. Asia-Pacific accounted for 21% of the global sugar substitute market. Sugar substitute products are one of the rapidly growing segments in Asia-Pacific sweetener market. With a population of more than 4.2 billion and increasing incomes, sugar substitutes find more buyers in Asia-Pacific. Key markets in Asia-Pacific include China, India, Japan and South Korea. China is the major sugar substitute market in Asia-Pacific. Major applications of sugar substitutes in Asia-Pacific are in the HC & PC industry.
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