Europe Sugar Substitutes Market – Industry Trends and Forecast to 2027
Europe Sugar Substitutes Market By Type (High-Fructose Syrups, High-Intensity Sweeteners, Low-Intensity Sweeteners), Form (Crystallized, Liquid, Powder), Category (Natural, Synthetic), Application (Beverages, Food Products, Oral Care, Pharmaceuticals, Others), Country (Germany, U.K., France, Spain, Italy, Denmark, Netherlands, Switzerland, Poland, Russia, Sweden, Belgium, Turkey and rest of Europe) Market Trends and Forecast to 2027
Market Analysis and Insights: Europe Sugar Substitutes Market
Sugar substitutes market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.8% in the forecast period of 2020 to 2027 and expected to reach USD 6,625.02 million by 2027. Increasing adoption of healthy foods, diet drinks and other sugar substitute products will accelerate the market in forecast period.
Technology plays an important role in product development or improvement, similarly the advancement in sugar substitutes systems is opening huge opportunity for the market to cater wide range of products like natural sweeteners which are derived from the various plant and fruits. In addition, the increased concern towards the diabetic and obsessed population is supposed to drive the sugar substitutes market growth. Increased concern towards healthy food and beverages among customers and government is majorly supporting the growth of sugar substitutes in Europe market. For instance, in April, 2018, U.K. government introduced new tax on the sugar drinks such as sodas, cold drinks and others. To reduce the consumption and obesity among population, government implemented this new rule which is helping the market as players are adapting sugar alternatives or substitutes ingredient in their products.
This sugar substitutes market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Sugar substitutes Market Scope and Market Size
Sugar Substitutes Market is segmented on the basis of type, form, category and application. The growth among these segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into high-intensity sweeteners, low-intensity sweeteners and high-fructose syrups. The increasing consumption of the high fructose syrups through products like jams and preservatives, confectionery, baked goods, beverages, cereal products and others is driving the growth of the concerned market. For instance, in October, 2017, the government lifted regime on production of GFS (glucose-fructose syrup) which increased its production from 0.7 million tonnes per year to 2.3 million tonnes per year. Such increasing production makes it least expensive and affordable for the food and beverage manufacturers.
- On the basis of form, the market is segmented into powder, crystallized, and liquid. Crystallized powder is majorly gets used in European beverages products and has government approvals. The sugar substitutes like erythritol, maltitol and others has major demand in the European market whiles these two sweeteners are available in crystallized form which drives the market growth.
- On the basis of category, global sugar substitutes market is segmented into natural and synthetic. The consumer’s trend of preferring more of healthy foods, organic foods and others is driving the growth of natural sweetener. Consumers are demanding natural sourced food products over artificial as they found natural products more beneficial in terms of health perspective. For instance, in 2018, according to the soil association the sale of organic products increased by 5.3 percent in year 2018 and reached to USD 3.05 billion. This increasing demand for the organic or natural products is driving the market growth.
- On the basis of application, the market is segmented into beverages, food products, oral care, pharmaceuticals and others. The increasing consumption of the soft drinks in European countries is driving the market growth. For instance, in 2017, ONS (Office for National Statistics) U.K. witnessed strong sale of soft drinks and secured leading position with 20 percent market share. Such increased consumption and sale of soft drink is driving the growth of beverages in sugar substitutes segment.
Sugar substitutes Market Country Level Analysis
Europe sugar substitutes market is analysed and market size information is provided by country, type, form, category and application as referenced above.
The countries covered in the sugar substitutes market report are Germany, U.K., France, Spain, Italy, Denmark, Netherlands, Switzerland, Poland, Russia, Sweden, Belgium, Turkey and rest of Europe.
Germany dominates the Europe sugar substitutes market due to growing competition between various industries owing to improvise their food offering in European countries. Germany is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of increased adaptation of sugar substitutes by the food and beverages industry. For instance, in December, 2018, German Food and Agriculture Ministry formed a voluntary deal with food industry to introduce new healthy product shaving less salt, sugar and fat content. Such initiatives taken by the government and food manufacturers are driving the Germany sugar substitutes market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Trend of Healthy Lifestyle and Healthy Foods in European Market
Sugar substitutes market also provides you with detailed market analysis for every country growth in sugar substitutes industry with sugar substitutes sales, components sales, impact of technological development sugar substitutes and changes in regulatory scenarios with their support for the sugar substitutes market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Sugar substitutes Market Share Analysis
Europe sugar substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, new sweeteners, product approvals, patents, product taste improvements reports, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe sugar substitutes market
The major players covered in the report are zuChem Inc., Ingredion Incorporated, BENEO, Cargill, Incorporated, DuPont, Foodchem International Corporation, JK Sucralose Inc., HYET Sweet, Roquette Frères, Mitsui Sugar Co.,Ltd., ADM, Tate & Lyle, Pyure Brands LLC, PureCircle, Ajinomoto Health & Nutrition North America, Inc., Alsiano, StartingLine S.p.A., NutraSweet Co., MAFCO Worldwide LLC, Matsutani Chemical Industry Co., Ltd. and other domestic and global player. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In September, 2019, HYET sweet formed a strategic partnership agreement with a Vitasweet, an ingredients manufacturer. Both the companies are helping each other to develop their business for the European market. Through this the company is strengthening their customer support and customer base for the European market.
- In November, 2018, Tate & Lyle announced the extended partnership with Azelis (Belgium) for distribution of food ingredients and specialty chemicals. The agreement with the Azelis (Belgium) will enhance their distribution of fibres, low calorie sweeteners and stabilizers in Europe region.
Expansion, product showcase and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for sugar substitutes through new product development
Customization Available : Europe Sugar Substitutes Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), product under development data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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