Grand View Research has published a new report entitled ‘Sugar Substitutes Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020’.
The report found that the sugar substitutes market is likely to grow due to rising concerns over diseases such as diabetes and obesity. Increasing scope of application for sugar substitutes in frozen foods, baked products and confectioneries is likely to have a positive impact on the market in the near future.
The US FDA has approved the use of aspartame, saccharin, sucralose, neotame and advantame as artificial sweeteners in many food and beverage applications. Similarly, European Food Safety Authority (EFSA) also approved the use of various sugar substitutes, including aspartame. This regulatory support will have a positive impact on the sugar substitutes market in the near future.
Growth of the food and the beverage industry in Brazil, Russia, India, China and South Africa will affect the demand for sugar substitutes. The food and the beverage industry growth in Israel and Saudi Arabia would also play a significant role over the next six years. Positive food industry outlook in these countries will not only increase sugar substitutes market demand, but also facilitate the entry of new players in the market over the next six years.