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Global Cyclamate Market to Grow at a CAGR of 2% During 2021-2026, Driven by the Increased Demand from the Food and Beverage Industry.

According to a new report by EMR titled, ‘Global Cyclamate Market Report and Forecast 2021-2026’, the global market for cyclamate is expected to grow at a CAGR of 2% in the forecast period of 2021-2026.

The global cyclamate industry is being aided by the increased demand for the product from the food and beverage industry. The product is 30 times sweeter than sucrose (table sugar) and is used in a wide variety of food products like biscuits, chocolates, and breakfast cereals. The market for cyclamate is driven by the rising demand from the pharmaceutical industry as it is used in a wide variety of drugs. It is readily soluble in both hot and cold liquids. It is comparatively cheaper than most of the other sweeteners; as a result, accelerating its demand in the developing countries, such as India and China. Sodium cyclamate is suitable for diabetes and is tooth-friendly. The rising cases of diabetes and dental problems are supporting the market growth of cyclamate. E-commerce giants such as (NASDAQ: AMZN) are offering a wide variety of food and beverage products through online platforms. This has increased the sales of food and beverage products, which uses cyclamate as an essential ingredient, thereby strengthening the global cyclamate industry.

The Asia Pacific and Europe are expected to witness an extensive growth in the cyclamate industry in the forecast period. The market may, however, witness a hinderance as sodium cyclamate approval in some countries is controversial. In North America, cyclamate is under the re-approval process after the FDA prohibited its usage owing to the probable side effects like bladder cancer.

Market Analysis by Type, Application, and Region:

  • The market, on the basis of type, can be divided into cyclamic acid, sodium cyclamate, and calcium cyclamate.
  • Based on the application, the industry can be divided into food, beverage, pharmaceuticals, and cosmetics, among others.
  • The regional markets for cyclamate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand from the food and beverage industry is expected to drive the market growth.
  • The market is aided by the increased usage of the product in the pharmaceutical industry for the production of various drugs.
  • The growing processed food industry is bolstering the global market for cyclamate.
  • Furthermore, the cost-efficiency of cyclamate compared to its alternatives is fuelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cyclamate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and major regions of cyclamate.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cyclamate market are Tongaat Hulett, Productos Aditivos, S.A., Jinyao Ruida (Xuchang)Biology Technology Co., Ltd., Foodchem International Corporation, Golden Time Chemical (Jiangsu) Co., Ltd., Hugestone Enterprise Co., Ltd., and PT. Batang Alum Industrie, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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