Exploring Regional Trends in the Growing Sugar Substitutes Market
The global sugar substitutes market was valued at USD 7.01 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. This growth is largely driven by the changing consumer preferences towards healthier, low-calorie food options. The increasing awareness about the health risks associated with excessive sugar consumption, including obesity, diabetes, cardiovascular diseases, and high cholesterol, has contributed significantly to this trend. Additionally, concerns over the rising prevalence of animal-borne diseases and their associated risks have led to a reduced intake of animal-based products, further boosting the demand for sugar substitutes. As consumers become more health-conscious, there is an increasing desire for healthier alternatives to sugar. Sugar substitutes, such as artificial sweeteners, are seen as a key solution. These substitutes are almost 200 times sweeter...