Sugar-Free Syrups Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)

Sugar-free syrups market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The rising prevalence of diabetes, obesity and cardiac diseases due to the high consumption of sugar-based products is likely to come up as a prospective driver for the growth of the global sugar-free syrups market. According to International Diabetes Federation, 537 million adults are living with diabetes and this number is further predicted to rise to 643 million by 2030 and 783 million by 2045. Moreover, rising awareness among consumers about the negative impact of regular sugar intake on health is further escalating the demand for sugar-free syrups. Diabetic patients are inclined toward the use of sugar-free syrups as a safe alternative to sugar syrups for preparing various bakery and dessert items.

The global sugar-free syrups market is segmented based on its nature, flavour, and application. Based on its nature, the market is segmented into organic, and conventional. Based on the flavour, the market is categorized into fruit, chocolate, vanilla, and others. Further, based on the application, the market is segmented into bakery & confectionery, beverages, dairy & frozen desserts, pharmaceuticals, and others. Among the flavour segment, the fruit-flavoured sugar-free syrup is anticipated to hold a prominent market share, while the market for vanilla-flavoured sugar-free syrup is estimated to witness the fastest growth. 

Among the application segments, the bakery & confectionery sub-segment is expected to hold a prominent market share over the forecast period owing to an increasing number of applications of sugar-free syrups in preparing bakeries and confectionaries. The growing number of hotels, restaurants, and cafés globally is another major factor primarily leading to the growing demand for the bakery & confectionery industry. Along with controlling the sugar intake level, sugar-free syrup offers taste enhancement to the food, which makes them more preferred among the health-conscious population. Hence, major players in the market are viewing this demand as a business opportunity and introducing sugar-free syrups suitable for the preparation of bakery and confectionery products. For instance, In 2020, with the launch of Stablesweet LD low sugar glucose syrup, Ingredion EMEA expanded its portfolio of sugar reduction and speciality sweetener solutions. Derived from corn, the Stablesweet syrup is suitable for applications such as chewy sweets, lollipops, hard-boiled candy, jellies, and gummies and reportedly delivers increased shininess and transparency.

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Sugar-Free Syrups Market Segmentation

By Nature

·        Organic

·        Conventional

By Flavour

·        Fruit

·        Chocolate

·        Vanilla

·        Others

By Application

·        Bakery & Confectionery

·        Beverages

·        Dairy & Frozen Desserts

·        Pharmaceuticals

·        Others

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Regional Analysis           

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles 

·        Cary’s (B&G Foods, Inc.)

·        ChocZero

·        Lakanto

·        Maple Grove Farms (B&G Foods, Inc.)

·        Monin, Inc.

·        Myprotein

·        Nestlé, USA, Inc (Starbucks)

·        Newtrition Plus Health & Wellness Pvt. Ltd.

·        Nutaste Food Labs Pvt Ltd and Good + Moore

·        R. Torre and Co. (Torani)

·        Sonoma Syrup Co.

·        Spring Tree (B&G Foods, Inc.)

·        SweetLeaf

·        Tate & Lyle plc

·        The Hershey Co.

·        theskinnyfoodco

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