The sucralose market is projected to grow at a CAGR of 5.43% to reach US$5.357 billion in 2024 from US$3.901 billion in 2018. Sucralose refers to an artificial sweetener used as a sugar substitute, it also has an exceptional shelf life as compared to its competitive sweetener substitutes and is thought to be sweeter than sugar. FDA approved sucralose for use in 15 food categories in 1998 and for use as a general-purpose sweetener for foods in 1999, under certain conditions of use. Sucralose is a general-purpose sweetener that can be found in a variety of foods including baked goods, beverages, chewing gum, gelatins, and frozen dairy desserts. It is heat stable, meaning that it stays sweet even when used at high temperatures during baking, making it suitable as a sugar substitute in baked goods. Sucralose has been extensively studied and more than 110 safety studies were reviewed by the FDA in approving the use of sucralose as a general-purpose sweetener for food.
Geographically, the Asia-Pacific region is estimated to exhibit a high growth rate owing to the ascent in disposable income as well as urbanization of previously lower economic areas and the development of the food and beverages industry. The North American and the European regions are expected to hold a high share in the market on account of high consumption of beverages, confectionaries, and nutritional and dairy products, which are some of the most notable areas where Sucralose is used.
Increasing investments and research for sugar substitutes.
Due to the low-nutritive value of sucralose, it is the perfect substitute for people aiming to lose weight.
Availability of substitutes
Allergic reactions, as well as health and safety concerns, are caused by sucralose.
In February 2019, Splenda one of the prominent producers of sucralose launched a new line of sucralose-infused low-calorie coffee creamers.
In May of 2016, The European Food Safety Authority (EFSA) published a study confirming Sucralose is safe and does not cause cancer.
Major industry players profiled as part of the report are JK Sucralose Inc., Tate & Lyle PLC, Techno Food Ingredients Co., Ltd, L&P Food Ingredient Co., Ltd., Nantong Changhai Food Additive Co. Ltd., Garuda International, Inc., Newtrend Group, HYET Sweet., Ingredion Incorporated, Evolva.
|Market size value in 2018||US$3.901 billion|
|Market size value in 2024||US$5.357 billion|
|Growth Rate||CAGR of 5.43% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||JK Sucralose Inc., Tate & Lyle PLC, Techno Food Ingredients Co., Ltd, L&P Food Ingredient Co., Ltd., Nantong Changhai Food Additive Co. Ltd., Garuda International, Inc., Newtrend Group, HYET Sweet, Ingredion Incorporated, Evolva|
|Customization scope||Free report customization with purchase|
The Sucralose market has been analyzed through the following segments:
Confectionary and Bakery
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the sucralose market size by 2024?
A1. The sucralose market is projected to reach a market size of US$5.357 billion in 2024.
Q2. Who are the major players in the sucralose market report?
A2. Major industry players profiled as part of the report are JK Sucralose Inc., Tate & Lyle PLC, Techno Food Ingredients Co., Ltd, L&P Food Ingredient Co., Ltd., Nantong Changhai Food Additive Co. Ltd., Garuda International, Inc., Newtrend Group, HYET Sweet., Ingredion Incorporated, Evolva.
Q3. What are the growth prospects for the sucralose market?
A3. The sucralose market is projected to grow at a CAGR of 5.43% during the forecast period.
Q4. Which region holds the maximum market share of the sucralose market?
A4. The Asia-Pacific region is estimated to exhibit a high growth rate owing to the ascent in disposable income as well as urbanization of previously lower economic areas and the development of the food and beverage industry.
Q5. What is the size of the sucralose market?
A5. Sucralose Market was valued at US$3.901 billion in 2018.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SUCRALOSE MARKET BY TYPE
6. SUCRALOSE MARKET BY APPLICATION
6.3. Confectionary and Bakery
6.4. Processed Food
7. SUCRALOSE MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. JK Sucralose Inc.
9.2. Tate & Lyle PLC
9.3. Techno Food Ingredients Co., Ltd
9.4. L&P Food Ingredient Co., Ltd.
9.5. Nantong Changhai Food Additive Co. Ltd.
9.6. Garuda International, Inc.
9.7. Newtrend Group
9.8. HYET Sweet.
9.9. Ingredion Incorporated
LIST OF FIGURES
LIST OF TABLES
JK Sucralose Inc.
Tate & Lyle PLC
Techno Food Ingredients Co., Ltd
L&P Food Ingredient Co., Ltd.
Nantong Changhai Food Additive Co. Ltd.
Garuda International, Inc.
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