The cyclamate market caters to the growing demand for low-calorie and non-nutritive sweeteners from the food and beverage industries. Cyclamate is an artificial sweetener that is about 30-50 times sweeter than sugar but contains very few calories. It is used as a sugar substitute in various food products like baked goods, desserts, beverages, and table-top sweeteners. The increasing prevalence of obesity and diabetes has prompted many consumers to opt for low-sugar options, driving the sales of sugar substitutes 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 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.
The growing incidence of obesity and diabetes across the globe has increased the demand for low-calorie sugar substitutes like Cyclamate Market Size According to the WHO, globally over 1.9 billion adults are overweight out of which 650 million are obese. This growing health concern is prompting consumers to switch to sugar-free products.
Major food and beverage players are expanding their sugar substitute offerings to cater to the health-conscious demographics. Leading cyclamate producers are also expanding their geographical footprint across emerging markets to tap the potential growth opportunities in Asia Pacific and Latin America.
Market Key Trends
One of the major trends impacting the cyclamate market is the increasing demand for sugar-free foods from health-conscious demographics. The awareness around the ill-effects of excessive sugar consumption is compelling people to seek low-calorie alternatives. Cyclamate has emerged as a popular sugar substitute option. Furthermore, its longer shelf-life and stability at high temperatures make it suitable for use across various food formulations. The Cyclamate Market Size And Trends is expected to grow positively over the forecasted period supported by the rising sales of reduced sugar and sugar-free products globally.
Porter’s Analysis
Threat of new entrants: Low as it requires high capital to set up manufacturing plants and R&D facilities. Well established brands have strong distribution network.
Bargaining power of buyers: High as there are numerous cyclamate manufacturers and substitutes available. Buyers can negotiate on price easily.
Bargaining power of suppliers: Moderate as raw materials have few substitutes but manufacturers try to diversify sources to control costs.
Threat of new substitutes: High as artificial sweeteners like sucralose and aspartame are used more widely as substitutes.
Competitive rivalry: Intense as the market has many regional and global players competing on pricing and product differentiation.
Geographical Regions
North America accounts for around 35% of the global cyclamate market value owing to its large food and beverage industry. The region witnesses high demand for low-calorie artificial sweeteners.
Asia Pacific region is expected to be the fastest growing market during the forecast period. This is attributed to rising health consciousness and thriving food processing sector in China, India and Southeast Asian countries. Increasing per capita incomes will further boost cyclamate consumption in the coming years.
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1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it