The global sugar substitutes market is likely to grow in the coming years due to increasing FDA approved sugar alternatives with equal sweetness. According to a report published by Fortune Business Insights, titled “Sugar Substitutes: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 6.35 Bn in 2018. Fortune Business Insights states that the market is likely to reach US$ 10.27 Bn by the end of 2026, exhibiting a CAGR of 6.3% in the process. Fortune Business Insights identifies key market strategies, market competitors, and predicts market values for the forecast period using extensive research analysis methods.
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List of Companies Profiled in this Report:
- Tate & Lyle
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Frères
- The Nutra Sweet Company
- Ajinomoto Co., Inc.
- JK Sucralose Inc.
- DowDuPont
- Pure Circle Limited
- Tate & Lyle
"Relief for Major Food Suppliers after FDA Approves ‘Natural Sugar’: Allulose"
In April 2019, the Food and Drug Administration (FDA) passed a clearance for Allulose as a food additive. Allulose possesses very few calories and high amount of sweetness levels as sugar. Although allulose has reduced health risks as compared to some other artificial sweeteners such as aspartame, the side effects of allulose are mostly seen when it is consumed in high amount. The approval of allulose was backed by a number of clinical trials. These clinical trials indicated that allulose possesses reduced health risks and amounts to 70% of the sweetness levels as normal sugar.
The usage clearance from FDA came about as a major relief for food and beverage manufacturing companies, as they can now make use allulose in their products as an alternative to sugar and synthetic sweeteners. The increasing use of allulose is likely to boost the global sugar substitutes and is likely to enable growth of the market in the forthcoming years.
"Sugar Substitutes Widely Used in Table Top and Beverage Products"
Among all applications of sugar substitutes, Fortune Business Insights identifies tabletop and beverages as the two leading segments. Most beverages are packed with additives such as natural sweeteners. Increasing health awareness and strict usage guidelines have resulted due to the realization of side effects and increasing incidence of people negatively affected by these sweeteners. Therefore, the reduced health risks associated with sugar substitutes have led to their widespread adoption manufacture of beverages, globally. Thus, beverage and table top segments are likely to emerge dominant in the forecast period.
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"Cargill Launches Zero-Calorie Sweetener"
In May 2018, Cargill introduced a new zero-calorie sweetener with substances derived from Stevia. The product name ‘EverSweet’ was introduced with an increasing demand for artificial sweeteners with reduced health risks. The updates in sugar in major parts of the world have led to increasing demand for sugar alternatives with the same sweetness and reduced health risks. Cargill has stated that this product is made from Reb M and Reb D substances which are found in an artificial sweetener ‘stevia’.
The company was also boosted by technological advancements that helped in extracting the related glycosides from the stevia leaf. EverSweet possessed almost zero calories and had the same sweetness as that of normally used sugar. Cargill’s EverSweet was cleared by the Food and Drug Administration(FDA) in 2016, and it has found major applications ever since. Cargill’s EverSweet is likely to have a positive impact on the global sugar substitutes market in the forthcoming years.
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