Sugar Substitute Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global sugar substitute market size was valued at USD 16.5 billion in 2020 and is anticipated to reach USD 23.1 billion by 2028, expanding at a CAGR of 6.3% during the forecast period, 2021–2028. Growth of the market is attributed to rising health consciousness among consumers, increase in demand for natural sweeteners and sugar substitutes.
Sugar substitute is a food additive which provides sweet taste similar to sugar which contains reduced food energy than sugar-based sweeteners, making it low calorie sweetener. Metabolic syndrome, diabetes, and obesity are main health problems owing to connected with imbalanced calorie intake. Sugar substitutes plays important role in decreasing calories as part of an overall physical activity and healthy diet. Covid-19 impacted the global sugar substitute market worldwide. It affected the supply chain of final products and raw material ingredients. It also reduced the manufacturing and distribution of the products due to lockdown imposed by the government across the globe. Imports and exports in various countries have been either delayed or restricted and creating hurdles for sugar substitute suppliers. Sample - https://growthmarketreports.com/request-sample/1029
Market Trends, Drivers, Restraints, and Opportunities
Increase in health consciousness among customers is expected to boost the market in the coming years. Rapid growth of food and beverages industry is major factor spurring the market during the forecast period. Rising demand for healthier food choices by consumers is anticipated to fuel the market in the coming years.