Global Sucralose Market- Industry Analysis and Forecast (2019-2027) – By Form, Grade, Application, and Region.
Sucralose is an artificial sweetener or sugar substitute with almost about 600 times sweeter than table sugar Sucralose. It is commercially sold under brand names including Zero-Cal, Splenda Zero, Candys, Sukrana, SucraPlus, Apriva, Splenda, Nevella, and Cukren. The global market size is expected to reach US$ 6.15Bn. by 2027 from US$ XXBn. in 2019, at a CAGR of 5.5% during the forecast period. The report has covered, capacity, production, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with the examples by region. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Market Dynamics:
Sucralose is widely accepted in many food & beverage products because it is a no-calorie sweetener, safe for consumption, and does not promote dental cavities. This is a strong new opportunity for food & beverage manufacturers to attract customers. The rising popularity of artificial sweeteners in the nutrition sector like the requirements of children's products like candies, breakfast bars, and canned fruit juices and soft drinks. In addition to that, diabetic patients are opting for sucralose because it does not disturb insulin levels. Some of the research studies have also stressed the benefits of sucralose in terms of weight loss, although various others have countered that. Also, the high demand for frozen bakery products from developing countries such as China and India because of high shelf-life compared to their conventional equivalents is expected to have a positive influence on market growth.
On the other hand, the high cost and availability of some substitute products are some of the main factors expected to control the growth of the global market during the forecast period. Also, some health hazards due to overconsumption of sucralose consumption like allergies, dizziness, gastrointestinal problems, weight gain, migraines are other factors expected to hinder the growth of the market.
The strict government's Act is also badly impacted the market growth. For example, in Feb2018, the European Commission compulsory a ban on the use of artificial sweeteners in dietetic baked goods as a part of Commission Regulation 2018/97. This regulation is expected to control the scope of artificial sweeteners including sucralose as functional ingredients for diet-based products in the bakery industry of Europe over the next eight years.
Segmentation Analysis:
By Form, the sucralose market is segmented into Powder, Granular, and Liquid. The powder form segment is seen to occupying over 45% of the market in 2019 and is expected to hold steady dominance during the forecast period. This is mainly attributed to the wide commercial availability of this artificial sweetener in powder form, better shelf life, effective product formulation, and ease of use.
In terms of the grade, the pharmaceutical grade segment is expected to witness the highest CAGR of XX% during the forecast period. This is mainly because of the constant growth of the pharmaceutical sector.
Global Sucralose Market
Regional Insights:
This report has explored the demand potential of sucralose across all regions and countries, highlighting the regions with key players develop into and make greater profits. Some of the countries analyzed under the report are India, China, the U.S., the U.K., France, Germany, Italy, CIS countries, Australia, South Korea, Brazil, South Africa, Spain, among others.
North America is expected to hold the largest market share in the sucralose market by 2027, thanks to the highly health-conscious people, rising investment in R&D activities by the private and government organization for healthy substitution of sugar. The key manufacturers from the developed countries like the U.S. and Canada are dominating the demand from North America. In Feb 2019, Splenda is the key manufacturers of sucralose has launched a new line of sucralose-infused low-calorie coffee creamers.
Europe is the second-largest market for sucralose thanks to the high rate of obesity, the inspiring number of diabetic patients, and the high demand for confectionaries, which is supporting the growth of the sucralose market in Europe.
Global Sucralose Market1
The objective of the report is to present a comprehensive analysis of the Global Sucralose Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Sucralose Market dynamics, structure by analyzing the market segments and project the Global Sucralose Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sucralose Market make the report investor’s guide.
Scope of the Global Sucralose Market
Global Sucralose Market, By Form
• Powder
• Granular
• Liquid
Global Sucralose Market, By Grade
• Industrial Grade
• Feed Grade
• Pharmaceutical Grade
• Food Grade
Global Sucralose Market, By Application
• Beverage
• Bakery
• Confectionary
• Dairy Products
• Frozen Foods
• Others
Global Sucralose Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Sucralose Market
• Jiangsu Jubang Pharmaceutical Co., Ltd.
• Bioplus Life Sciences
• Jiangxi Bentian Food Technology Co., Ltd.
• JK Sucralose
• Xiamen Boao Technology
• Guangdong Food Industry Institute
• Vitasweet co. ltd.
• Ji'an New Trend Technology Co., Ltd.
• Unitech Sweet (Zibo) Ltd.
• Nantong Changhai Food Additive Co. Ltd.
• Hubei Yitai Pharmaceutical Co., Ltd.
• LandP Food Ingredient Co., Ltd.
• Niutang
• Tate and Lyle
• Techno Sucralose
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