Sugar Reduction Technology Market - Forecast(2021 - 2026)
Sugar Reduction Technology Market Overview
Sugar Reduction Technology Market size was valued at $ 15.25Bn by 2019, and is anticipated to grow at a CAGR of 6.5% during the forecast period 2020-2025. The Sugar Reduction Technology Market growth rate is attributed to soaring demand for sugar substitute products from the food and beverage industry is anticipated to help the market gain tremendous traction over the coming years. Consumption of sugar is a significant cause of health conditions such as obesity, heart disease, diabetes, and skin disorders such as acne. The rise in the incidence of these health problems has changed the attention of consumers towards low-calorie and low-sugar goods. This element acts as a core driver of the demand for global sugar reduction technology. Sugar reduction technology makes it possible to use less sugar in a recipe while maintaining the same flavor, and has thus become a global macro trend. Consumers who are aware of health and wellness are requesting items that contain less sugar and lower calories.
Furthermore, the growth of the market is motivated by initiatives and recommendations by food safety authorities aimed at minimizing the use of sugar and removing trans fats in processed goods to ensure the prevention of diseases among consumers. Artificial sweeteners, however, involve chemicals instead of natural ingredients in their development process. The regular intake of artificial sweeteners may be harmful for consumers and can impede the growth of the business. Thus, increasing awareness regarding repercussions of high sugar consumption and rising prevalence of diabetes across the globe are poised to support the growth of the market. Fluctuating prices of sugar are anticipated to create opportunities for sugar substitute manufacturers worldwide over the forecast period 2020-2025.
Report Coverage
Key Takeaways
- North America dominated the Sugar Reduction Technology Market with a share of 28% in the year 2019.
- The factors such as the consumption patterns and choices of consumers and increasing count of a population of diabetics and obesity are amongst the major factor projected to impel growth of Sugar Reduction Technology Market.
- With the growing preferences of healthy eating has also demanded the food & beverage manufacturers to introduce sugar substitutes into the products is the key factor owing to the growth in the segment during forecast period 2020-2025.
Sugar Reduction Technology Market Segment Analysis - By Application
Sugar Reduction Technology Market Segment Analysis - By Geography
North America dominated the Sugar Reduction Technology Market with a share of 28% in 2019. The application of Sugar Reduction Technology has grown rapidly over the last few years owing to the flourishing food processing industry, rising prevalence of diabetes, and increasing obesity among the population. North America is among the largest users of replacements for sugar. The demand for these items is likely to be increased by growing understanding of low calorie foods and the advantages of using sugar substitutes in everyday diets. Rising pressure on sugar substitute producers by regulatory bodies is the main reason behind moderate growth in the region.
Asia Pacific is estimated to post a CAGR of 8.0% during the forecast period 2020-2025. Rising health issues related to sugar consumption, the presence of emerging economies providing profit margins to key market participants, and rising disposable income are driving the regional market. Asia Pacific is poised to be a highly promising destination for sugar substitute manufacturers owing to improving living standards of middle-class population coupled with rising spending power of consumers. Besides this, growing concerns among health conscious population are projected to be one of the key factors stimulating market growth.
Sugar Reduction Technology Market Drivers
Consumption Pattern and Choices
Sugar Reduction Technology Market Challenges
Strict recommendations by Government Bodies
Sugar Reduction Technology Industry Outlook
Acquisitions/Product Launches
- In June2019, Pioneer Foods entered into a joint venture to launch a sweetener viz. Freesweet, developed by Durbanite, Deborah Good.It is a proprietory blend of erythritol xylitoland inulin.
- In May 2018, Tate & Lyle PLC entered into an agreement to acquire a 15% equity holding in Sweet Green Fields, with an aim to strengthen the company leading portfolio of Stevia-based ingredients.
LIST OF TABLES
1.Global SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)1.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Global Industry Research
1.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Global Industry Research
1.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Global Industry Research
1.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Global Industry Research
2.Global SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
2.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Global Industry Research
2.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Global Industry Research
2.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Global Industry Research
2.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Global Industry Research
3.Global SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 (Volume/Units)
3.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 ARTIFICIAL SWEETENERS Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 SUGAR ALCOHOLS Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 SWEETNESS MODULATORS Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 (Volume/Units)
4.1 MINERAL SUGAR CARRIER Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)
5.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
5.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
5.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Regional Industry Research
5.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Regional Industry Research
6.North America SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
6.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Regional Industry Research
6.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Regional Industry Research
6.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Regional Industry Research
6.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Regional Industry Research
7.South America SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)
7.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
7.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
7.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Regional Industry Research
7.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Regional Industry Research
8.South America SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
8.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Regional Industry Research
8.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Regional Industry Research
8.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Regional Industry Research
8.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Regional Industry Research
9.Europe SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)
9.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
9.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
9.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Regional Industry Research
9.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Regional Industry Research
10.Europe SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
10.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Regional Industry Research
10.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Regional Industry Research
10.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Regional Industry Research
10.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Regional Industry Research
11.APAC SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)
11.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
11.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
11.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Regional Industry Research
11.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Regional Industry Research
12.APAC SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
12.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Regional Industry Research
12.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Regional Industry Research
12.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Regional Industry Research
12.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Regional Industry Research
13.MENA SUGAR REDUCTION TECHNOLOGY MARKET BY SUGAR ALTERNATIVES Market 2019-2024 ($M)
13.1 NATURALLY DERIVED SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
13.2 ARTIFICIAL SWEETENERS Market 2019-2024 ($M) - Regional Industry Research
13.3 SUGAR ALCOHOLS Market 2019-2024 ($M) - Regional Industry Research
13.4 SWEETNESS MODULATORS Market 2019-2024 ($M) - Regional Industry Research
14.MENA SUGAR REDUCTION TECHNOLOGY MARKET BY RECENT TECHNOLOGIES Market 2019-2024 ($M)
14.1 MINERAL SUGAR CARRIER Market 2019-2024 ($M) - Regional Industry Research
14.2 HOLLOW SUGAR CRYSTALS Market 2019-2024 ($M) - Regional Industry Research
14.3 FIBRE ENRICHED INGREDIENT Market 2019-2024 ($M) - Regional Industry Research
14.4 BIODEGRADABLE NANOCARRIERS Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Sugar Reduction Technology Market Revenue, 2019-2024 ($M)2.Canada Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
3.Mexico Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
4.Brazil Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
5.Argentina Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
6.Peru Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
7.Colombia Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
8.Chile Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
9.Rest of South America Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
10.UK Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
11.Germany Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
12.France Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
13.Italy Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
14.Spain Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
16.China Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
17.India Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
18.Japan Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
19.South Korea Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
20.South Africa Sugar Reduction Technology Market Revenue, 2019-2024 ($M)
21.North America Sugar Reduction Technology By Application
22.South America Sugar Reduction Technology By Application
23.Europe Sugar Reduction Technology By Application
24.APAC Sugar Reduction Technology By Application
25.MENA Sugar Reduction Technology By Application
26.DOUXMATOK, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SDZUCKER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.KERRY INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nestl, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.AJINOMOTO FOODS EUROPE SAS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.CARGILL INCORPORATED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.TATE AND LYLE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.INGREDION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.KRAFT HEINZ INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.GLANBIA PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)