Market Size of North America Sugar Substitutes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.99 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Sugar Substitutes Market Analysis
The North American sugar substitute market is projected to register a CAGR of 3.99% during the forecast period (2020-2025).
- The market is expected to grow, owing to the increase in patients suffering from lifestyle diseases, such as diabetes, obesity, and cardiovascular diseases. Moreover, the inclination toward living a healthy life and the rise in demand for low-calorie food products are the other critical factors driving the growth of the sugar substitutes market in the region.
- Clean label has triggered the demand for sugar substitutes, such as stevia, and the food and beverage producers have supported this with innovations and product launches, by using stevia as a natural, clean-labeled sweetener.
