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The Global Sugar Substitutes Market size was valued at USD 15.80 Billion in 2019 and is forecasted to reach USD 22.53 Billion by 2027 at a CAGR of 4.8%. The market is mainly driven by the increasing preference among consumers towards low-calorie beverage and food products. The rising demand for sugar substitute products from the beverage and food industry is expected to fuel the industry’s growth over forecast period. Besides, the growing health concerns among the conscious population due to the increasing number of diabetic & obese populations are major driving factors of the industry.

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