PUBLISHER: Allied Market Research | PRODUCT CODE: 1193163
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193163
The global sucralose market was valued at $518.0 million in 2021 and is projected to reach $693.55 million by 2031, registering a CAGR of 3.0% from 2022 to 2031. Sucralose is frequently used as a sugar alternative due to its low-calorie count. Sucralose sweeteners are also excellent substitutes for sugar and other calorie-dense sweeteners like high-fructose corn syrup. The COVID-19 pandemic had both positive and negative impacts on the global sucralose market due to supply chain disruptions. However, the upliftment of lockdowns is expected to boost the growth of the market in the coming years.
Sucralose is in demand for a variety of reasons, including its desirable sweetness, low cost, bulkiness, preservation properties, heat resistance, and blending capabilities. In addition, the market is experiencing growth with rise in health concerns and increase in a number of people with diabetes and obesity. Furthermore, rise in obesity rates, in developing nations, and surge in demand for low-calorie sweeteners boost the market growth. The sucralose market is segmented on the basis of type, application, and region. On the basis of type, the market is classified into powder, granular, and liquid. On the basis of application, the market is divided into beverages, bakery and confectionery, dietary products, dairy products, pharmaceuticals, table top sweeteners, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Since many forms of sucralose contain few or no calories, they are regarded as low-calorie sweeteners. By substituting sugar, they lower the caloric and carbohydrate content of meals and beverages. Low-calorie sweeteners are also used much less frequently than table sugar because of their higher sweetness. High-intensity sweeteners like Ace-K are one of the low-calorie sucralose products that the Food and Drug Administration (FDA) and European Food Safety Authority (EFSA) has approved for use as food additives. In addition, rise in number of diabetic patients and increase in consumer knowledge has positive impact on the consumption of sucralose.
The key players have largely invested in research and development activities to develop advanced products to cater to the requirement of the end users. The major players in the sucralose market include, Tate and Lyle, Plc., Celanese Corporation, Whole Earth Brands, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose Inc., Heartland Food Products Group, Ingredion Incorporated, Cargill Incorporated, Roquette Freres, PureCircle Ltd, Manus Bio, Stevia First Corporation, Cumberland Packing Corporation, and Hyet Sweet.
Key Benefits For Stakeholders
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