Middle East And Africa Sugar Substitutes Market

Middle East and Africa Sugar Substitutes Market Growth and Forecast (2023 - 2028):

The Middle East and Africa Sugar Substitutes Market has been estimated at USD 1.19 Billion in 2022 and is projected to reach USD 1.490 Billion by 2028, at a CAGR of 4.68% during the forecast period from 2023 to 2028.

Market Overview:

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.

Drivers and Restraints:

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 Sugar Substitutes Market Segmentation Analysis:

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.

Regional Analysis:

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

• Cargill Incorporated
• Tate & Lyle PLc
• E. I. du Pont de Nemours and Company
• Roquette Freres S.A
• PureCircle Ltd
• Ajinomoto Co. Inc
• Archer Daniels Midland Company
• MacAndrews & Forbes Incorporated
• Ingredion Incorporation
• JK Sucralose Incorporation