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(Health-NewsWire.Net, November 02, 2021 ) The global sugar substitutes market size is estimated to be valued at USD 16.5 billion in 2020 and projected to reach USD 20.6 billion by 2025, recording a CAGR of 4.5% during the forecast period.
The global sugar substitutes industry has witnessed growing trends in the past years. The growth of this industry is majorly driven by increase in health consciousness among consumers to encourage the demand for healthier food choices, increase in demand for natural sweeteners due to the rise in consumer inclination toward natural products, and growing demand for sugar substitutes in various applications in the food & beverage industry.
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Key players in this market include DuPont (US), ADM (US), Tate & Lyle (UK), Ingredion Incorporated (US), Cargill Incorporated (US), Roquette Frčres (France), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc. (US), JK Sucralose Inc. (China), and Ajinomoto Co. Inc. (Japan).
DuPont serves a diverse array of products and has twenty-three product lines, which primarily deal in adhesives, advanced printing solutions, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, dietary supplements, electronic solutions, fabrics fibers and nonwovens, food and beverage ingredients, home garden and car care, industrial enzymes and bioactive, industrial films, medical devices and materials, microbial control solutions, packaging materials & solutions, pharmaceutical ingredients, personal care ingredients, personal protective equipment, resins, solar, and water solutions. It holds 176 brands under all of its business segments.
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ADM is a food manufacturing company that is primarily involved in the production of food & beverage ingredients, feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company provides numerous products and services under three major segments: industries, innovation, and services. ADM serves food & beverage, animal nutrition, industrials, and fuels under the industries segment.
The company offers a wide range of product portfolio under the food & beverage segment, including acidulants, alcohol, ancient grains & seeds, bases, seasonings & powders, beans & pulses, colors, emulsifiers & stabilizers, fibers, flavors, extracts, distillates, flours & grains, functional health, mixes, icings & fillings, nuts, edible oils, proteins, starches, and sweetening solutions.
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