Middle East & Africa Sugar Substitutes Market Size & Outlook
The sugar substitutes market in Middle East & Africa is expected to reach a projected revenue of US$ 887.9 million by 2030. A compound annual growth rate of 9% is expected of Middle East & Africa sugar substitutes market from 2024 to 2030.
Revenue, 2023 (US$M)
$487.2
Forecast, 2030 (US$M)
$887.9
CAGR, 2024 - 2030
9%
Report Coverage
Middle East & Africa
Middle East & Africa sugar substitutes market, 2018-2030 (US$M)
Related Markets
MEA sugar substitutes market highlights
- The MEA sugar substitutes market generated a revenue of USD 487.2 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, high-intensity sweeteners was the largest revenue generating type in 2023.
- High-intensity Sweeteners is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 487.2 million |
| Market revenue in 2030 | USD 887.9 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | High-intensity sweeteners |
| Fastest growing segment | High-intensity Sweeteners |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-intensity Sweeteners, Low Intensity Sweetners, High Fructose Syrup |
| Key market players worldwide | Tate & Lyle PLC, Cargill, Archer-Daniels Midland Co, Ingredion Inc, La Roquette, Ajinomoto Co Inc, DuPont Nutrition & Biosciences |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.6% of the global sugar substitutes market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 887.9 million by 2030.
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Sugar Substitutes Market Scope
Sugar substitutes market segmentation & scope
Sugar Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa sugar substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sugar substitutes market will help companies and investors design strategic landscapes.
High-intensity sweeteners was the largest segment with a revenue share of 69.21% in 2023. Horizon Databook has segmented the Middle East & Africa sugar substitutes market based on high-intensity sweeteners, low intensity sweetners, high fructose syrup covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Sugar Substitutes Type Outlook (Revenue, USD Million, 2018-2030)
- High-intensity Sweeteners
- Natural
- Stevia Extracts
- Licorice Root Extracts
- Monk Fruit Extracts
- Artificial
- Aspartame
- Cyclamate
- Saccharin
- Sucralose
- Other Artificial Sweetners
- Natural
- Low Intensity Sweetners
- Xylitol
- Sorbitol
- Maltitol
- Mannitol
- Trehalose
- Isomaltulose
- Other Low Intensity Sweetners
- High Fructose Syrup
- High-intensity Sweeteners
- Middle East & Africa Sugar Substitutes Application Outlook (Revenue, USD Million, 2018-2030)
- Food
- Bakery
- Confectionery
- Dairy
- Other Foods
- Beverages
- Juices
- Functional Drinks
- Carbonated Drinks
- Non-Dairy
- Milk and Dairy
- Other Beverages
- Health & Personal Care
- Food
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Target buyers of Middle East & Africa sugar substitutes market databook
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Our clientele includes a mix of sugar substitutes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa sugar substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa sugar substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA sugar substitutes market size, by country, 2018-2030 (US$M)
Middle East & Africa Sugar Substitutes Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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