- The key vendors in the global sugar substitutes market 2015-2019 are Tate & Lyle, PureCircle, Cargill, Merisant, JK Sucralose, and Ajinomoto.
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global sugar substitutes market 2015-2019. Increasing demand ffor sugar substitutes from developing nations has prompted manufacturers to focus on these countries. Rising awareness regarding the benefits of consuming low-calorie foods has influenced the demand for such products in these markets positively. To get maximum and mass market penetration, marketers are now focusing on developing nations with innovative and attractive product offerings. The global sugar substitutes market is expected to grow at a CAGR of 4.45% during the forecast period of 2015 and 2019.
The demand for sugar substitutes from the application market is more than that from individual end-users. The use of sugar substitutes instead of sugar by the food and beverage industry has created production cost-savings, since these substitutes are required in lower quantities than sugar to achieve the same degree of sweetness.
“The increasing demand for low-calorie and sugar-free foods has motivated manufacturers to come up with innovative products with added benefits,” says Faisal Ghaus, Vice President of Technavio Research.
“The growing demand of stevia as one of the major types of HIS is leading product innovations globally. Cargill, one of the most prominent vendors of sugar substitutes, introduced its sugar-free stevia Truvia first in the market in 2008, which was a huge success.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Sugar Substitutes Market 2015-2019, please send an e-mail to media@TechNavio.com
Follow us on Twitter @Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
