Global Sucralose market data 2024, Forecast To 2033

12 Feb, 2024

The sucralose market size has witnessed robust growth, increasing 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 is attributed to heightened health awareness and the demand for low-calorie sweeteners, an expanding diabetic and health-conscious consumer base, the need for processed and convenience foods, and the overall growth of the food and beverage industry, with sucralose gaining regulatory approvals and acceptance as a safe sweetener. Looking ahead, the sucralose market is projected to experience strong growth, reaching $5.65 billion in 2028 at a CAGR of 8.4%. This growth in the forecast period can be linked to increasing global obesity rates, a focus on weight management, the preference for non-nutritive sweeteners in the food and beverage industry, expanding applications in pharmaceuticals and nutraceuticals, the shift towards natural sweeteners and clean label products, and the rise of emerging markets with increasing disposable income in developing countries. Major trends in the forecast period encompass innovations 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, and customized sweetness profiles.

Global Sucralose Market Key Driver

The sucralose market experiences growth due to an increased demand from health-conscious individuals. The World Health Organization reports a global epidemic of obesity, emphasizing the need for healthier alternatives. The Centers for Disease Control and Prevention note that 6 in 10 Americans suffer from at least one chronic disease, creating a demand for health-conscious products. The sucralose market is driven by health-conscious consumers.

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Global Sucralose Market Segments

The global 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
By Geography: The regions covered in the Sucralose market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Asia-Pacificwas the largest region in the sucralose market share in 2023. North Americais 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.

Major Sucralose Industry Players

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

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Sucralose Market Overview

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.

Sucralose Global Market Report 2023 provides data on the global sucralose market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sucralose market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.