Overview and Scope
Sucralose is derived from sucrose by the chemical process. Sucralose is a white crystalline powder used as an artificial sweetener that is 600 times sweeter than sugar with no calories in it. Sucralose is available as a raw material in pure form or as a finished product in the form of solid or liquid. Sucralose is used in low-sugar/calorie food without compromising the taste of the product.
Sizing and Forecast
The sucralose market size has grown strongly in recent years. It will grow from <b>$3.76 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. </b> 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 <b>$5.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. </b> 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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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the sucralose market share in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the sucralose market include <b> 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 </b>
The sucralose market report table of contents includes:
1. Executive Summary
2. Sucralose Market Characteristics
3. Sucralose Market Trends And Strategies
4. Sucralose Market – Macro Economic Scenario
5. Global Sucralose Market Size and Growth
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26. South America Sucralose Market
27. Brazil Sucralose Market
28. Middle East Sucralose Market
29. Africa Sucralose Market
30. Sucralose Market Competitive Landscape And Company Profiles
Top Major Players:
- Tate & Lyle PLC
- JK Sucralose Inc
- Nantong Changhai Food Additive Co Ltd
- Ingredion Incorporated
- Newtrend Group
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