Sugar Substitutes Market Is Likely to Experience a Tremendous Growth by 2031

The global sugar substitutes market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. Sugar substitutes are mainly used in food products, however it is also used in cosmetics and personal care industry. Many companies are using sweeteners in their products for natural flavours and fragrances. Several companies are using sorbitol a sugar alcohol in cosmetic products as a sweetener. Sorbitol is a sugar alcohol made up of corn syrup. Sorbitol is also used in toothpaste and soaps. Sugar substitutes help in preventing moisture in consumer’s skin and hair. As a result of which, various personal care market players and manufactures are inclined towards offering sugar substitutes based cosmetic product, which will further propel the growth of the market

For instance, in November 2020, Roquette, a French plant-based ingredients company and pharmaceutical excipients provider, launched its pea starch technology, Lycagel, for vegetarian softgel capsule formulations. The new capsule formulation is made up of carrageenan, a setting agent found in marine macro algae, NEOSORB sorbitol, a plant-based ingredient used for nutraceutical applications, and salt. The launch of Lycagel marks a new era for softgel formulations and manufacturing. Manufacturers no longer need to compromise on performance when launching a vegetable softgel solution. 

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Type
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- including Ajinomoto Co., Inc., Archer Daniels Midland Company, BENEO GmbH, Fooditive Group, Ingredion Incorporated, and others.

Sugar Substitutes Market Segmentation

By Type

• Aspartame
• Acesulfame Potassium
• Sucralose
• Stevia
• Others (Saccharine and Sugar Alcohols)

By Application

• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics

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Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles 

• Ajinomoto Co., Inc.
• Archer Daniels Midland Co.
• BENEO GmbH
• Fooditive Group
• Ingredion Inc.
• JK Sucralose Inc.
• Kyung-In Synthetic Corp.
• Manus Bio Inc.
• PureCircle
• Roquette Frères
• Tate & Lyle plc
• Viachem 
• Zydus Wellness LTD.

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Article source: https://article-realm.com/article/Food-Beverage/61659-Sugar-Substitutes-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html