Sucralose Market Report Reveals Strategies For Extensive Competiton | Industry Forecast Upto 2027

Sucralose Market Report Reveals Strategies For Extensive Competiton | Industry Forecast Upto 2027

The Global Sucralose Market is forecast to reach USD 6.11 Billion by 2027, according to a new report by Reports and Data. Increasing awareness about the adverse impact of consuming excesses amount of added sugar on the metabolism and overall health of an individual is an integral factor, opening various venues for expansion of the sucralose market. Such awareness among the consumers has resulted in elevating preference for artificial sweeteners like sucralose, which has zero-calorie.

It is also known as the E number E955 in the European Union. As most of the ingested sucralose is not integrated into the body, because of which it is noncaloric. This type of artificial sweetener is approximately three times as sweet as acesulfame potassium, aspartame, 320 to 1,000 times sweeter than sucrose, and twice as sweet as sodium saccharin. One of its major applications is in the food & beverage industry, wherein it is used in frozen foods, confectionery, beverages, among other applications.

One of the most common sucralose-based product is Splenda. This type of artificial sweetener is 400–700 times sweeter than sugar, and it is considered to be safe for the consumption of diabetic patients. Unlike many other popular sweeteners, it does not have a bitter aftertaste. Thus, the rising incidence rate of diabetes and elevating focus of the food & beverage industry on expanding their product line and making those products appropriate for diabetic patients is supporting the growth of the sector. The favorable comparison of this artificial sweetener with other low-calorie sweeteners in terms of stability, taste, and is one of the major reasons for its commercial success.

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Key Players:

Key participants include Bioplus Life Sciences, JK Sucralose Inc., Unitech Sweet (Zibo) Ltd., Nantong Changhai Food Additive Co. Ltd., Xiamen Boao Technology, Unitech Sweet (Zibo) Ltd., Jiangsu Jubang Pharmaceutical Co., Ltd., L&P Food Ingredient Co., Ltd., Ji’an New Trend Technology Co., Ltd., Vitasweet co. ltd., and Heartland Food Products Group.

Further key findings from the report suggest:

  • The Sucralose market held a market share of USD 3.86 Billion in the year 2018 that is forecasted to grow at a rate of 5.2% during the forecast period.
  • In context to Form, the Granular segment is projected to witness a significant growth rate of 5.6% during the forecast period, which is expected to hold 33.0% of the market by 2027. The growth rate witnessed by the Granular segment is attributed to the increasing demand for the artificial sweetener in the granular form in various sectors like the pharmaceutical industry and in animal feeds, which is supporting the growth rate witnessed by this segment.
  • In context to Grade, the Food grade segment held the largest market share of more than 55.0% in 2018, with a CAGR of 5.4% during the forecast period. The market share held by the Food grade segment is attributed to the continuous expansion of the food industry, the rising incidence rate of diabetes and elevating focus of food sector on expanding their product line and making their products appropriate for diabetic patients, which results in elevated used of this type of artificial sweeteners in various food products like pastries, sugar free cakes, contributing to the market share held by this segment.

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The report discusses in detail the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, product launches and brand promotions, and licensing agreements undertaken by the key players to gain a robust footing in the market. The Sucralose market research report also offers a thorough SWOT analysis and Porter’s Five Forces analysis to offer key insights into the company’s progress and position.

Market Segments:

Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Powder
  • Granular
  • Liquid
  • Others

Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Food Grade
  • Pharmaceutical Grade
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • Food
  • Beverages
  • Animal feed
  • Drugs
  • Others

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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

  • North America
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America

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Radical Features of the Sucralose Market Report:

  • Valuable insights into the Sucralose market to impart an in-depth understanding of the business verticle
  • An 8-year forecast estimation along with an analysis of key elements of the market
  • Technological advancements, regulatory framework, and recent developments covered in the report
  • Growth analysis and projections until 2027
  • Statistical analysis of the key players operating in the Sucralose industry

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Published Tue, 22 Feb 2022 01:29:26 -0600

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