The Middle East and Africa Sugar Substitutes Market has been estimated at USD 1.19 Billion in 2021 and is projected to reach USD 1.490 Billion by 2026, at a CAGR of 4.68% during the forecast period from 2021 to 2026.
Regular sugar which is high in calories is being replaced by a vast array of sugar substitutes. Modern consumers are more health-conscious and prefer healthy, but low-caloric food products. Due to this, there has been high use of sugar substitutes in food & beverages industry.
The market for Sugar substitutes is mainly driven due to rise in demand for low-calorie products and growing awareness about the benefits of sugar substitutes. Also, burgeoning population coupled with rising disposable income is increasing the demand for sugar substitutes. But, the market growth can be dampened due to performance quality, sweetness intensity, and regulations imposed by governing bodies.
Middle-East and Africa market for Sugar Substitutes is segmented based on type, composition, and application. By type, the market is further sub-segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. By composition, the market is further sub-segmented into Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol. By application, the market is further sub-segmented into heath & personal care, beverages, food (confectionery, bakery, dairy, and frozen foods). High-intensity sweeteners account for a highest market share and is expected to grow at a CAGR. Its attributes such as cost reduction and appropriate blending with food & beverages to enhance the taste are anticipated to propel the demand in near future. Food segment has the fastest growth, owing to increasing awareness and changing consumer patterns for low-calorie food products.
Geographically the Middle East and Africa Sugar Substitutes Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. MEA region is estimated to achieve highest gains in the near future due to emerging economies of these regions providing lucrative profit margins to the key market participants.
Key Players in the Market:
Major key Players in the MEA Sugar Substitutes Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 High-intensity sweeteners
5.1.2 Low-intensity sweeteners
5.1.3 High-fructose syrups
5.2 By Composition
5.2.1 Stevia
5.2.2 Aspartame
5.2.3 Cyclamate
5.2.4 Sucralose
5.2.5 Saccharin
5.2.6 AceK
5.2.7 D-Tagarose
5.2.8 Sorbitol
5.2.9 Maltitol
5.2.10 Xylitol
5.3 By Application
5.3.1 Health & Personal Care
5.3.2 Beverages
5.3.3 Food
5.3.3.1 Confectionery
5.3.3.2 Bakery
5.3.3.3 Dairy
5.3.3.4 Frozen foods
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cargill Incorporated
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Tate & Lyle PLC
8.3 E. I. du Pont de Nemours and Company
8.4 Roquette Freres S.A.
8.5 PureCircle Ltd.
8.6 Ajinomoto Co. Inc.
8.7 Archer Daniels Midland Company
8.8 MacAndrews & Forbes Incorporated
8.9 Ingredion Incorporation
8.10 JK Sucralose Incorporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
