VANCOUVER, BC, Oct. 14, 2020 /PRNewsCentre/ — The Global Sugar Substitutes Market is forecast to be worth USD 22.53 Billion in 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing awareness among consumers regarding the adverse effects of sugar on health that increase the incidences of diabetes and obesity.
The rapid urbanization, coupled with the increasing spending power of consumers on processed food and beverages in the developing economies, is most likely to propel the industry’s growth of the region. Besides, the presence of a large number of key manufacturers in the Asia Pacific region is also expected to drive the demand of the industry. The increasing investments in R&D to introduce novel products containing blends of sugar substitutes and prebiotics or probiotics are projected to present lucrative opportunities for the emerging players in the industry.
The international stringent quality standards set for sugar substitutes and uncertainty regarding sugar substitutes’ adverse effects might hamper the industry’s growth. Additionally, the product claim issue might act as a restraint to the growing sales of the product in the global sugar substitute industry over the forecast period.
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Key Highlights from The Report
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Emergen Research has segmented the Global Sugar Substitutes Market on the basis of origin, type, composition, application, and region:
Origin Outlook (Revenue, USD Billion; 2017-2027)
Type Outlook (Revenue, USD Billion; 2017-2027)
Composition Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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SOURCE: Emergen Research