Global Sucralose Market Size Worth USD 883.9 Million by 2025: Hexa Research
FELTON, California, October 22, 2018 /PRNewswire/ --
The global sucralose market size is expected to reach USD 883.9 million by 2025. It is anticipated to expand at a CAGR of 3.0% during the forecast period. The product finds use as a tabletop sweetener during the formulation of food products including, juices, carbonated drinks, dairy products, sugar-free chewing gums, confectionery, and bakery goods. The demand for sucralose is expected to grow over the forecast period on account of its positioning as an effective alternative to sugar. Sucralose is sweeter than sugar and is a cheaper substitute which does not cause dental cavities.
Declining production and increasing prices of sugar on a global level are expected to promote the usage of high intensity artificial sweeteners such as sucralose, saccharine, and stevia. Rising popularity of sucralose in the food and beverage sector as a low-calorie ingredient is expected to have a substantial impact.
Rising concerns over cardiovascular disorders as a result of increasing consumption of sugar-based food is projected to promote the use of artificial sweeteners such as sucralose. Furthermore, high prevalence of diabetes will encourage the consumption as it has no or zero effect on the insulin and blood glucose levels in human body. Pregnant women can safely consume this sweetener in the form of tablets and syrups without any side-effects. These factors are anticipated to propel growth of the market for sucralose over the forecast period.
Sucralose is projected to find application as a functional ingredient during high-temperature processes such as canning, baking, pasteurization, and aseptic processing on account of its exceptional heat stability. The ability of the product of performing in high temperature conditions is higher compared to other artificial sweeteners. this factor is anticipated to bode well for product demand over the forecast period. Furthermore, the limited shelf life of aspartame in high-temperature conditions is projected to promote the scope of application for artificial sweetener alternatives including, sucralose.
Over the past few years, sucralose has been used by major Carbonated Soft Drinks (CSD) manufacturers such as PepsiCo and The Coca-Cola Company, who have launched various zero calorie drinks such as Diet Pepsi and Diet Coke. Rising demand for low-calorie soft drinks in countries such as China and India as a result of growing health consciousness among consumers particularly, adults is expected to have a positive impact on the market.
Asia Pacific is expected to witness the fastest CAGR of 3.8% in terms of revenue from 2017 to 2025 owing to improved food and beverage industry in countries such as China and India. Furthermore, the high price of sugar has compelled manufacturers from food and pharma industries to shift to a suitable low-cost alternative such as sucralose.
Browse full research report with TOC on "Sucralose Market Size And Forecast, By Grade (Food, Pharmaceutical), By Application (Beverages, Food, Drugs, Animal Feed), And Trend Analysis, 2015 - 2025" at: https://www.hexaresearch.com/research-report/sucralose-market
Some of the key manufacturers in the sucralose market include Tate & Lyle; JK Sucralose, Inc.; Kanbo International; Nantong Changhai Food Additive Co. Ltd.; and HYET Sweet. Sucralose is majorly traded under the name of Splenda brand manufactured by the U.K. based Tate & Lyle. It is one of the popular zero calorie sweeteners and its production patents are mainly owned by Tate & Lyle.
In May 2018, Tate & Lyle was accredited with ENERGY STAR certification for its production plant at Lafayette, Indiana. This accreditation is projected to play a crucial role in aiding energy efficiency along with ensuring reduction of greenhouse emissions at the production site. Tate & Lyle doubled the size of the food application laboratory in Shanghai, China in March 2018. This initiative is expected to increase the company's spending on the development of customized sweetener products in accordance with the buyer taste preference.
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Hexa Research has segmented the Sucralose Market report based on grade, application and region:-
- Segmentation by Grade
• Food
• Pharmaceutical
• Others
- Segmentation by Application
• Beverages
• Food
• Drugs
• Animal Feed
• Others
- Segmentation by Region
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
- Key Countries Market
• U.S.
• China
• India
• Japan
• South East Asia
- Key Players Analyzed:
• Tate & Lyle
• HYET Sweet
• Newtrend Group
• Ingredient Specialties Inc.
• JK Sucralose Inc.
• Kanbo International
• L&P Food Ingredient Co., Ltd.
• Nantong Changhai Food Additive Co. Ltd
• Techno Food Ingredients Co., Ltd.
About Hexa Research
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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