North America Sugar Substitutes Market Size & Outlook
North America sugar substitutes market, 2018-2030 (US$M)
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North America sugar substitutes market highlights
- The North America sugar substitutes market generated a revenue of USD 2,497.3 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,497.3 million |
| Market revenue in 2030 | USD 4,105.1 million |
| Growth rate | 7.4% (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, North America region accounted for 33.8% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 72.34% in 2023. Horizon Databook has segmented the North America 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.
North America is among the highest consumers of sugar substitutes. The growing awareness regarding low-calorie food and the benefits of including sugar substitutes in the daily diet is expected to boost the demand for the product.
The major reason for the moderate growth in the region is the rising pressure on sugar substitute manufacturers by the regulatory bodies. According to a recent survey, more than 55% of North Americans are opting for low carb, low fat diet which further will increase the demand of sugar substitutes in this region.
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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 North America sugar substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into North America sugar substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America sugar substitutes market size, by country, 2018-2030 (US$M)
North America Sugar Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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