Cyclamate Market Poised to Grow at a Robust Pace Owing to Wide Range of Applications

 

Cyclamate Market

The cyclamate market comprises artificial sweeteners that are 30-50 times sweeter than sugar but has less calories. Cyclamate finds wide applications in beverages, bakery products, confectionery items and other food products to enhance the sweetness. The rising health consciousness among people has increased the demand for low-calorie sweeteners like cyclamate.

The global cyclamate market is estimated to be valued at US$ 2,397.7 Mn in 2024 and is expected to exhibit a CAGR of 2.1% over the forecast period 2024 to 2031.

Key Takeaways

Key Players

Key players operating in the cyclamate market are Food Chem International Corporation, PT. Batang Alum Industrie, Rasna Private Limited, Batang Alum Industrie, Hangzhou Garden Corporation, Rainbow Rich Industrial Ltd., Shanghai Rich Chemicals, Xuchang Ruida Biology Technology, Shanghao Sunivo Supply Chain Management, Jinan Haohua Industry Co. Ltd., Alfa Aesar, Hangzhou Union Biotechnology, Aims Oxygen Pvt Ltd, Avanschem, Jigs chemical, Fengchen Group Co.,Ltd, and Tongaat Hulett. These players are focusing on regional expansion and new product launches to gain market share.

Key Opportunities

The growth in food processing industry and rising demand for low-calorie beverages and food products present significant opportunities in the Cyclamate Market Size  Moreover, growing health awareness is prompting consumers to opt for sugar substitutes like cyclamates.

Global Expansion

Key cyclamate producers are expanding their global footprint through strategic partnerships and acquisitions. They are targeting high growth markets in Asia Pacific and Latin America to tap the increasing demand for low-calorie sweeteners. Joint ventures with regional players help companies better serve local customers.

Market Drivers

One of the key drivers for cyclamate market growth is the rising prevalence of obesity and diabetes worldwide mainly attributed to changing lifestyles and diet patterns. This is increasing the demand for sugar substitutes in the food industry. Also, the expansion of beverage industry especially low-calorie drinks is fueling the consumption of cyclamate.

Market Restraints

Stringent regulatory framework restricting the use of cyclamates in some countries can hamper the market growth. Also, growing consumer preference for natural sweeteners poses a challenge for artificial sweeteners like cyclamate. High cost of cyclamate compared to sugar is another limiting factor.

Segment Analysis

The Cyclamate Market Size And Trends  can be segmented based on form and application. By form, the market is segmented into powder and liquid. Among these, the powder segment dominates as it facilitates easy handling, transport and storage of cyclamate. By application, the market is segmented into food and beverages. The food segment is further divided into bakery products, confectionery, dairy products and others while the beverages segment includes carbonated drinks and others. The beverages segment dominates the application segment as cyclamate is widely used as a sugar substitute in carbonated drinks and other beverages to provide sweetness without calories.

Global Analysis

Regionally, the Asia Pacific region dominates the cyclamate market and is expected to grow the fastest during the forecast period. This is mainly attributed to rising health consciousness and increasing demand for low-calorie food and beverages in densely populated countries like India and China. The North American and European markets are also significant and steady growth is expected in these regions due to changing consumer preference towards sugar substitutes over sugar. Key players are focusing on expansion in developing Asian countries to tap the growth potential offered by changing consumer trends in these regions.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)