According to a new report published by Allied Market Research, titled, “Sucralose Market,” The Sucralose Market Size was valued at $518.00 million in 2021, and is estimated to reach $693.6 million by 2031, growing at a CAGR of 3% from 2022 to 2031.
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Global Key Players:
- Tate and Lyle, Plc.,
- Celanese Corporation,
- Whole Earth Brands,
- Ajinomoto Co., Inc.,
- Hermes Sweeteners Ltd.,
- JK Sucralose Inc.,
- Heartland Food Products Group,
- Ingredion Incorporated,
- Cargill Incorporated,
- Roquette Freres, PureCircle Ltd,
- Manus Bio,
- Stevia First Corporation,
- Cumberland Packing Corporation,
- Hyet Sweet.
Sucralose is frequently used in place of sugar to improve and sweeten a variety of food and beverages. Furthermore, these compounds have a sweetness that is several times greater than that of normal sugar, hence lower amount of sucralose is required as compared to normal sugar. These are used as sugar substitutes due to their sweeter taste and reduced calorie count.
The Sucralose Market Size is experiencing growth due to rise in recent developments and increase in usage of sucralose in the food industry, including in dairy products and baked goods. In addition, the rise in awareness among consumer with respect to health is the key driver for the Sucralose Market Growth. In addition, sucralose is made through a multi-step manufacturing process—sucrose is produced by selectively substituting three chlorine atoms for each of the three hydroxyl groups on the sugar molecule. This alteration results in a sweetener that is 600 times sweeter than sucrose while having no calories. In addition, growth in the number of consumers who are concerned about their health, particularly in developing nations, as well as an increase in the prevalence of diabetes and obesity have shifted the eating habits of the consumers.
In terms of value, the beverage sector held a largest of the global Sucralose Market Share in 2021. The need for sucralose in the beverage industry is fueled by the consumption of diet carbonated soft drinks and low-calorie food. In addition, recent government measures in nations like the UK, which imposed a sugar tax on soft drinks with sugar, are some of the major drivers of the Sucralose Market Opportunity. In addition, cyclamate sweetener is being used more frequently in diet beverages and food, particularly in developing nations like Asia-Pacific and Africa owing to rise in public awareness of health issues.
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Sucralose is in high demand in food, beverage, dairy, bakery, and confectionary industries due to rise in concerns about health, diet, and lifestyles, and its consumption helps reduce calorie intake in the diet. Thus, food manufacturers focus on producing low-calorie food products using sucralose for similar sweet taste.
The COVID-19 pandemic had a very unfavorable effect on the expansion of the sucralose market globally. Due to strict lockdowns, the production of sucralose was halted, as manufacturing was at standstill owing to non-availability of raw material and supply chain disruption; thus, resulting in negative impact on the market.
The production and consumption of diet-carbonated soft drinks and low-calorie food has increased the demand for Sucralose Market Trends globally as it contains lower calories and high sweetness properties.According to Sucralose Market Analysisis anticipated to be hampered by the implementation of strict rules and taxation regulating the usage of high-calorie food in Europe and North America. Currently, a regulation was passed by the Mexican government to tax processed meals with a high-calorie content, such as carbonated soft drinks. The market expansion is however constrained by the growing difficulties faced by food manufacturers in creating sweeteners that satisfy consumer Sucralose Market Demand for good flavors while also lowering the price of the finished product. In addition, the adoption of sucralose may be hampered by ambiguity regarding health-related difficulties caused by usage, which is projected to inhibit market expansion.
Consumers are not aware of sucralose benefits such as lower calories and higher sweetness as compared to sugar thus leading to lower market penetration of sucralose across globe. In addition, establishing manufacturing facilities for sweeteners requires a little capital outlay because advanced technology dominates the sucralose market. The nature of the items is differentiated, which results in significant entry barriers for new competitors. As a result, there is little to no threat from new competitors entering the worldwide market. End consumers choose sucralose that is effective and affordable, however, the ones present in the market have some restrictions due to their concentration level and other environmental laws. At the moment, sugar is rarely used as a substitute for sucralose. As a result, the hazard posed by imitations in sucralose ranges from mild to high.
Key Findings Of Study
- On the basis of type, the granular segment is likely to be the fastest-growing segment with a CAGR of 3.8% during the Sucralose Market Forecast period.
- On the basis of application, tabletop sweeteners segment is likely to be the fastest-growing segment with a CAGR of 3.8% during the forecast period.
- On the basis of region, Asia-Pacific dominated the global sucralose market from 2021 to 2031.
- In terms of value, the Middle East sucralose market is expected to grow at a CAGR of 3.5% from 2022 to 2031.
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