Consumers’ inclination toward eating healthy foods and rising awareness about low-calorie diets continue to significantly boost demand in the sugar substitutes market. Corn syrup and sugar are being replaced by natural substitutes in a wider range of foods beyond the traditional sodas, diet food and desserts that commonly feature sugar substitutes.
In addition, more consumers are buying the sweeteners themselves, as packaged sugar substitutes continue to replace traditional sugar in shoppers’ baskets. According to BCC Research, the global market for non-sugar sweeteners should grow from $14.4 billion in 2018 to $16.5 billion by 2023, increasing at a compound annual growth rate (CAGR) of 2.7% from 2018 through 2023.
This piece originally appeared on Supermarket News, a New Hope Network sister website. Visit the site for more grocery trends and insights.