Sugar & Sugar Substitutes
Sugar and Sugar Substitutes Market Research Reports, Analysis & Trends
Sugar & sugar substitutes industry comprises companies that manufacture, produce and supply sugar and substitutes of sugar for various products. They are categorized into two different groups such as natural and artificial, low-intensity and high-intensity and nutritive and non-nutritive. Nutritive is defined and referred as the fact that the ingredients provide calories in the form of carbohydrates and therefore provide energy for the human body to utilize and function more efficiently. Almost all sweeteners are made from plants and they contain more nutrition and there are other products that are derived from sugarcane and sugar beets, and they are produced through the process of milling, refining, and other types of processes, and the products include cane sugar, brown sugar, powdered sugar, granulated and liquid sugars, and molasses. The sugar and sugar substitutes industry includes companies that manufacture synthetic sugar substitutes such as saccharin, aspartame, and sucralose from chemical sources, and they are heavily processed as well, such as high-fructose corn syrup. Almost all artificial sweeteners are high-intensity and they provide sweetness that of table sugar in the same amount but they are non-nutritive in that no calories are provided.
Sugars are carbohydrates according to chemists and they classify them in molecular terms. Basically, sugar products are derived from sugarcane and sugar beets, and they are produced through the processes of milling, refining, and other different and varieties of processes. The products made from these include cane sugar,powdered sugar, brown sugar, granulated and liquid sugars, and molasses. There are other natural sweeteners as well, such as honey and corn syrup that are made up of combinations of carbohydrates.
The demand for sugar substitutes has grown exponentially in the last few decades around the world and North America is the biggest consumers in the world with over 49% of the total global market revenue to be generated by the end of 2018. It is a good sign for the consumers and the food processing industry. Since last few years, consumers have increasingly become aware of the foods they are consuming in terms of calorie intake and health effects etc, so they are paying a closer attention to the right set of foods and substitutes they are consuming. Increasingly they are able to proceed towards the idea of consumption of sugar substitutes as they come loaded and handy with sufficient nutrition and healthy additives in their package so it is easier for the consumer to choose them over sugars. More importantly, it is not just the people that are concerned about their health, but food manufacturers as well that are responding with equal supply of demanded and required products.
Current Trends in Sugar and Sugar Substitutes Market
The global sugar and sugar substitute industry is currently in an exponential growth mode and expansion as well. The food processing industry basically has been doing well since last few decades and it is for a number of reasons, most important being the consumer awareness in more areas than just the sugar substitutes. The urban population has become aware and also careful to know where the food is coming from, how it is processed, ingredients and additives included and many more factors and when all the advancements in the sugar substitutes play an impressive and important role to pass it as a healthy and necessary product, it becomes a part of the booming market as consumers accept it without second thought.
Today, there are a number of different sugar substitutes available in the market and each type is different to some degree and there is no one generic sugar substitute that properly applies to every product. With multiple products to choose from now, those different products require different sugar substitutes for maximum effectiveness in each of their application. The natural and artificial sugar substitute is the fastest growing segment of the sweetener market and it is expected to reach over $13.76 billion by the end of 2018, according to market research firm Markets and Markets, with 4.5% CAGR. And in terms of volume, the sugar substitutes market is estimated to reach 16,687.0 kilo tons by the end of 2018, at a growth pace of CAGR of 1%.
Major Sugar and Sugar Substitutes Industry Players
Major players in the sugar & sugar substitutes industry include Cargill Inc, Roquette, and Tate & Lyle plc.