Sucralose Producers and Sucralose Market Trend
Global market for sucralose, a low-calorie, high-intensity artificial sweetener, is expected to grow at a rapid pace in the coming years, driven by advancements in technology and shifting consumer preferences. According to Hdin research, the global market for sucralose is projected to increase from 8,450 tons in 2018 to 17,860 tons in 2023, at a compound annual growth rate (CAGR) of 16.1% during the forecast period.
Furthermore, the demand for sucralose is expected to continue to grow, and the global market is projected to reach 41,250 tons by 2028, with a CAGR of 18.2% from 2023 to 2028. This growth is fueled by the increasing adoption of low-calorie sweeteners in the food and beverage industry, as well as the rising demand for low-calorie sweeteners among health-conscious consumers.
In 2022, the top three producers of sucralose in the global market are Anhui Jinhe, The British Taylor group, and Shandong Kanbo. These companies hold market shares of 29%, 16%, and 10%, respectively.
Sucralose is widely used in a variety of food and beverage products, including soft drinks, baked goods, and dairy products. In addition to its applications in the food industry, sucralose is also used in pharmaceuticals, personal care products, and other industrial applications.
The market for sucralose is not limited to a specific region, as it is widely consumed across the globe. However, the Asia-Pacific region is expected to witness the fastest growth in the sucralose market, driven by the increasing demand for low-calorie sweeteners in countries such as China, India, and Japan.
Overall, the sucralose market is expected to experience strong growth in the coming years, driven by the increasing demand for low-calorie sweeteners and the expanding applications of sucralose in various industries.