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NEW YORK, May 27, 2021 /PRNewswire/ In the first weeks of 2021 and the pandemic s second year US consumers were feeling growing financial pressures that restrained their spending, according to a survey conducted in February.
The Conference Board® Global Consumer Confidence Survey, found that 62 percent of respondents were cutting back on expenses a 13-point spike from Q1 2020.
However, by the end of the first quarter, caution was giving way to a surge in spending, as consumers began feeling the effects of the latest round of government stimulus. The first quarter also saw an increase in both savings and investments into stocks and mutual funds, as compared to Q1 2020. As set forth in an accompanying report,
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Increasing health problems due to sugar consumption and a surge in consumer preference for healthier and low-calorie sugar alternatives are stimulating market growth.
Market Size - USD 14.9 Billion in 2019, Market Growth - CAGR of 4.6%, Market Trends- Rise in low-calorie intake trend.
The Global Sugar Substitutes Market size is forecast to reach USD 18.8 Billion from USD 14.9 Billion in 2019, exhibiting a CAGR of 4.6% through 2027. Market growth is driven by a plethora of factors, including a rise in disposable incomes, the growth of developing economies, hectic lifestyles, growing awareness regarding health & nutrition, expansion of the geriatric population base, and the growing prevalence of diabetes and obesity.