Global Sucralose Market Overview 2024: Size, Growth Rate, and Segments
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The sucralose global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sucralose Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sucralose market size has grown strongly in recent years. It will grow from $3.76 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased health awareness and demand for low-calorie sweeteners, growth in diabetic and health-conscious consumer base, demand for processed and convenience foods, expansion of food and beverage industry, regulatory approvals and acceptance of sucralose as safe sweetener.
The sucralose market size is expected to see strong growth in the next few years. It will grow to $5.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising global obesity rates and focus on weight management, preference for non-nutritive sweeteners in food and beverage industry, increasing applications in pharmaceuticals and nutraceuticals, shift towards natural sweeteners and clean label products, emerging markets and increasing disposable income in developing countries. Major trends in the forecast period include innovation in product formulations and applications (e.g., baking, beverages), technological advancements in sucralose production, non-gmo and organic sucralose, stevia-sucralose blends, sugar reduction initiatives, customized sweetness profiles.
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Scope Of Sucralose Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sucralose Market Overview
Market Drivers –
An increase in demand from health-conscious people is expected to drive the growth of the sucralose market. People are nowadays more concerned about their health so; they opt for health-conscious diet plans and consume health-related products and services. People who are not more concerned about health are at higher health risk. The increase in individuals suffering from obesity, heart diseases, and diabetes will force people to lead a healthy lifestyle. For instance, in June 2021, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, with at least 2.8 million people dying each year from being overweight or obese, obesity has reached epidemic proportions on a global scale. Additionally, in October 2022, the Centers for Disease Control and Prevention report, a US-based national public health agency, 6 in 10 Americans are suffering from at least one chronic disease like cardiovascular, cancer, or diabetes. These diseases can be prevented by reducing the risk factors i.e., unhealthy diet, physical inactivity, and obesity. Therefore, an increase in demand from health-conscious people drives the growth of the sucralose market.
Market Trends –
The product launches are shaping the sucralose market. Key companies are adopting innovations and key strategies for better products to excel in the sucralose market. For instance, in May 2022, Lifeasible, a US-based agro-related products and services company, launched nine new sweeteners to its food additives line. The aim was to support researchers in developing healthier foods. Sweeteners, which can be derived from natural plant extracts or artificial sources, are used as sugar substitutes in various products. Lifeasible’s new offerings include Regular Stevia, Rebaudioside A, Rebaudioside E, Enzymatically Modified Stevia, Healthy ready-to-eat sugar, Sucralose, Xylitol, Erythritol, and Sorbitol
The sucralose market covered in this report is segmented –
1) By Type: Industrial Grade, Feed Grade, Pharmaceutical Grade, Food Grade
2) By Form: Granular, Powder, Liquid
3) By Application: Beverage, Bakery, Confectionary, Dairy Products, Frozen Foods, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the sucralose market share in 2023. North America is expected to hold in high share in the market during the forecasted period in the sucralose market. The regions covered in the sucralose market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sucralose market include Tate & Lyle PLC, JK Sucralose Inc., Nantong Changhai Food Additive Co Ltd., Ingredion Incorporated, Newtrend Group, BioPlus Life Sciences, Techno Food Ingredients Co Ltd, Niutang Chemical Ltd., Guangdong Food Industry Research Institute Co. Ltd., Changzhou Hanbang Food Co. Ltd., Xiamen Boao Technology Co. Ltd., Vitasweet co ltd., LAndP Food Ingredient Co Ltd., Unitech Sweet Ltd., ECPlaza Network Inc, Eastern Food Chem Co Ltd., Galam Ltd., Evolva Holding, SaIngredion Inc., Nutrasweet co, Beckmann-Kenko GmbH, Garuda International Inc., HYET Sweet S.A.S., Jiangxi Bentian Food Technology Co Ltd., Hubei Yitai Pharmaceutical Co Ltd., Heartland Food Products Group, E. I. du Pont de Nemours and Company, Cargill Incorporated, Roquette Frères S.A., PureCircle Limited
Table of Contents
1. Executive Summary
2. Sucralose Market Report Structure
3. Sucralose Market Trends And Strategies
4. Sucralose Market – Macro Economic Scenario
5. Sucralose Market Size And Growth
…..
27. Sucralose Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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