Market Size of Europe Sugar Substitute Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Sugar Substitute Market Analysis
The European sugar substitute market is growing at a CAGR of 4.78% during the forecast period (2020 - 2025).
- The sugar substitute market forms an integral part of the sugar industry in the region. It is driven by the rising demand for different types of sugar substitute products such as high-intensity sweeteners, low-intensity sweeteners, and high-fructose syrup in food, beverage, and healthcare applications.
- The sugar substitute market is projected to grow in developing countries due to the rise in health problems due to sugar consumption and increasing awareness & preference for low-calorie food and beverage products in European countries such as United Kingdom, Germany, France, Spain, and others. The growth in the sugar substitutes market in the region is also attributed to the increasing use of sugar substitutes in the health & pharmaceutical industries.
- Manufacturers are increasingly exploring alternative sweeteners which are low in calorie without compromising on the taste. Major threat is the availability other low-calorie sweeteners. The growth in sports nutrition drinks and health drinks market is further providing boost to the sugar substitute market in Europe.
