Methodology for estimating market of sugar substitutes based on volume and market potential in terms of revenue?
Answers
The sugar substitutes market forms an integral part of the sugar industry. It is driven by the rising demand for different types of sugar substitute products such as high-intensity sweeteners, low-intensity sweeteners, and high-fructose syrup in food, beverage, and healthcare applications. Leading companies such as Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), and E. I. du Pont de Nemours and Company (U.S.) have made significant investments in R&D to develop new products with superior quality and cost-effective sugar substitutes to its customers. They have also adopted acquisitions and expansions to increase their global market share by expanding their existing capabilities and geographical presence in emerging markets such as China, Brazil, Argentina, South Africa, and India.