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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.