Market Size of Middle East & Africa Sugar Substitutes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.21 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Sugar Substitute Market Analysis
The Middle East & African sugar substitutes market is expected to register a CAGR of 3.21% during the forecast period (2020-2025).
- The changing lifestyles, increasing urbanization, rising disposable incomes, and hectic schedules of the growing working-class population have driven the consumers toward baked foods, sugar-confectionery items, and beverages, thereby, fueling the demand for sugar substitutes market.
- The demand for low-calorie sweeteners from the food and beverage manufacturers has increased in the last few years, owing to the rising concerns about obesity and diabetes, across the region.