PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532376
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532376
The cyclamate market is estimated to be valued at USD 2,073.1 Mn in 2024 and is expected to reach USD 2,397.7 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2,073.1 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 2.10% | 2031 Value Projection: | US$ 2,397.7 Mn |
Cyclamate is an artificial sweetener used as a sugar substitute in various food and beverage products. It is about 30 to 50 times sweeter than sugar but has no food energy. Cyclamate was first synthesized in 1937 and was widely used as a non-nutritive sweetener during the 1960s and 1970s. However, health concerns were raised about its safety in 1969 which led to its ban in the U.S. in 1970. Since then, there have been ongoing scientific assessments to evaluate the potential health risks associated with cyclamate consumption. While it continues to be banned in the U.S. and Canada, cyclamate remains approved for use as a sweetener in over 50 countries based on favorable findings from long-term toxicity studies. Going forward, the cyclamate market is expected to grow steadily driven by rising health-consciousness and demand for low-calorie food products.
The cyclamate market is expected to witness steady growth over the forecast period driven by increasing health-consciousness and prevalence of lifestyle diseases. Growing awareness about the potential health risks of sugar and obesity is driving consumers to opt for low-calorie alternatives in food and beverages. This is expected to support the demand for artificial sweeteners such as cyclamate. However, stringent government regulations pertaining to cyclamate usage in major markets including the U.S. and Canada may restrain the market growth. Nevertheless, the approval for cyclamate usage as a tabletop sweetener in several countries is opening up new opportunities. Ongoing research evaluating the safety of cyclamate consumption at approved levels could lead to lifting of bans in restricted regions in the future, further fueling the market growth.
Detailed Segmentation-