According to a new report published by K D Market Insights,“Sucralose Market Insights, Trends, Opportunity & Forecast, 2020-2025,” the global sucralose market size is anticipated to witness moderate growth during the forecast period i.e. 2020-2025. Factors such as the surging concerns among people regarding their excessive sugar consumption, the proliferating utilization of sucralose in the food & beverage industry as an artificial sweetener for various food products, the burgeoning demand for no calories sucralose and the soaring preference for sucralose by consumers owing to its non-caloric property are the primary factors driving the growth of the global sucralose market.
Additionally, the escalating demand and sales of various sugar substitutes such as natural sweeteners and artificial sweeteners, the rising health consciousness among people, the growing disposable incomes of people in the developing countries resulting in the increasing demand for sugar substitutes, the surging consumption of sucralose by people with high blood sugar and diabetes and the augmenting demand for sucralose from the households & restaurants are expected to further create ample growth opportunities for the global sucralose market over the forecast period.
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The North American region accounted for the largest share in the global sucralose market in 2020 and is anticipated to further retain its dominance in the market during the forecast period. The growth in the region can be attributed to the presence of highly health conscious people in the region. The Asia Pacific region is estimated to account for swift growth in the global sucralose market during the forecast period owing to the rising disposable incomes of people, the growing number of health conscious people and the high preference for calorie-free sugar substitutes in the region.
The global sucralose market is segmented into application, end-use industry and region. Based on application, the market is bifurcated into confectionary, beverage, dairy products, frozen foods and others. Based on end-use industry, it is classified into food industry, beverage industry, pharmaceutical industry and others.
The global sucralose market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
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Key Insights of Sucralose Market
- On the basis of region, North America accounted for the largest share in the global sucralose market in 2020 and is anticipated to further retain its dominance in the market during the forecast period i.e. 2020-2025.
- On the basis of region, Asia Pacific is estimated to account for swift growth in the global sucralose market during the forecast period of 2020-2025.
Some of the major sucralose companies profiled in the report include JK Sucralose Inc., Bioplus Life Sciences, Nantong Changhai Food Additive Co. Ltd., Unitech Sweet (Zibo) Ltd., Xiamen Boao Technology, Ji’an New Trend Technology Co., Ltd., Jiangsu Jubang Pharmaceutical Co. Ltd., Vitasweet Co. Ltd., L&P Food Ingredient Co. Ltd. and Jiangxi Bentian Food Technology Co. Ltd.
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