Sugar Substitutes Market Size, Emerging Trends and Overview to 2024: Hexa Reports

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Sugar Substitutes Market Analysis, Share and Size,

Emerging Trends, Growth, Overview And Segment

Forecasts To 2024

The global sugar substitutes market is expected to reach USD 19.10 billion by 2024, according to a new

report by Grand View Research, Inc. Rising health conscious population coupled with increasing

disposable income and growing consumption of low calorie and healthier food & beverages are the key

driving forces propelling market growth.

The market is witnessing increasing incorporation of sugar substitutes into the health & personal care

products which is expected to drive demandover the forecast period. Rising prevalence of health

problems including obesity and diabetes along with fluctuating sugar prices hampering supply is

anticipated to fuel sugar substitutes market growth.

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Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in health

care, cosmetics, and food & beverage industry. Gaining importance of artificial sweeteners in the

formulation of confectioneries, bakery, dairy, and frozen foods would have a strong impact on market

growth over the next eight years.

Beverage manufacturers such as Coca-Cola Company have pursued their efforts on developing caloriefree substitutes, filed for patents to the FDA in relation withaherb called stevia, which is used to impart

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sweetening characteristics to food and drinks. These developments are expected to facilitate other

market players to incorporate these activities into their R&D portfolio and would open new market

avenues over the forecast period.

Further key findings from the report suggest:

Beverages segment accounted for over 40% of global volume in 2015. This segment is expected to grow

on account of growing demand for...