As per the market analysis report titled ‘Global Sugar Substitutes Market (2021 Edition) - Analysis By Origin (Natural, Artificial), Product Type HIS, LIS, HFS), Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global sugar substitutes market was remunerated at USD 15.41 billion in 2020 and is anticipated to register a considerable growth rate through 2026.

Growing prevalence of diabetes and obesity among masses is a major factor fueling the augmentation in global sugar substitutes market.

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Further, rapidly evolving lifestyle, increasing health consciousness, and growing inclination towards natural sweeteners are the factors that will positively impact the growth trajectory of the market in the forthcoming years.

Notably, the outbreak of the Covid-19 pandemic has adversely affected industry dynamics, with unprecedented spread of the virus and disturbed manufacturing & supply operations. The manufacturers are rethinking their marketing strategies to adhere to safety precautions and restrict spread of the virus, which will stimulate the industry outlook in the coming years.

As per the report, worldwide sugar substitutes industry is fragmented in terms of product type (high fructose syrups, high intensity sweetening agents, low intensity sweetening agents), and origin (natural, artificial).

Speaking of the application scope, food products as well as beverages segments are likely to amass substantial returns over the analysis timeframe, attributable to increased usage of sugar substitutes in food & beverages to match the burgeoning consumer demand for healthier alternatives.

From a regional frame of reference, Asia Pacific industry is reckoned to record a strong CAGR through 2026, owing to rising disposable income levels, growing consumer inclination towards a healthier lifestyle, and rapid urbanization.

Considering the competitive landscape, DuPont de Nemours Inc., Tate & Lyle plc, Ajinomoto Co. Inc., The Archer-Daniels-Midland Company, Ingredion Inc., Roquette Freres, Cargill Inc., Whole Earth Brands Inc., JK Sucralose Inc., and Zydus Wellness Ltd. are the prominent players influencing global sugar substitutes market trends.