Sugar Substitute Market Size, Share, Growth Analysis, By Source(Natural, Artificial), By Form(Solid, Liquid), By Application(Beverages, Food, Nutrition, Health Supplements), By Region - Industry Forecast 2024-2031

Sugar Substitute Market size was valued at USD 7.5 billion in 2019 and is poised to grow from USD 7.91 billion in 2023 to USD 12.86 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

The consumer's perception and realisation of the energy imbalance between calories consumed and calories expended, which is caused by factors like increasing urbanisation, increased discretionary spending on processed foods and beverages, and sedentary lifestyles and has resulted in an increase in the incidence of lifestyle disorders, has contributed to the surge in popularity of sugar substitutes. Customers are now choosing suitable sugar replacements that do not increase their overall calorie intake as a result of this trend. Due to the "all-natural" trend that is resonating in the global marketplace, the sugar substitutes market size is also expected to undergo significant change.

One of the sectors where manufacturers are experiencing difficulties in the supply of raw materials as a result of the epidemic is the sugar substitute industry. Additionally, since the epidemic, imports and exports have been banned or delayed in several countries, which presents challenges for manufacturers of sugar substitutes. But because of the pandemic's emphasis on the value of sanitary and nutritious foods with low levels of sugar, calories, and fats in the prevention of diseases, various best-practice models for the food business have been adopted.

US Sugar Substitute Market is poised to grow at a sustainable CAGR for the next forecast year.