Growing food & beverage demand is expected to remain a key factor driving the global cyclamate market over the forecast period. Increasing cyclamate application scope in the pharmaceutical industry for the production of drugs is projected to fuel global cyclamate market demand. Increasing government expenditure on healthcare in developing countries is expected to remain a key driver for global cyclamate market growth over the next six years. A wide range of cyclamate applications in food & beverages such as soft drinks, biscuits, fruit preserves, chocolates, tabletop sweeteners, and breakfast cereals is expected to impact global cyclamate market growth positively. Increasing soft drink consumption globally is anticipated to drive the global cyclamate market growth over the forecast period. Sodium and calcium cyclamate are used as non-sweeteners in products such as energy and functional drinks. A shift in trend towards consumption of energy drinks in emerging economies of the Asia Pacific and Latin America is projected to create lucrative opportunities for market participants in the respective regional markets. Probable side effects of cyclamate, such as bladder cancer, are expected to hinder market growth and pose challenges for market players.
Asia Pacific emerged as the largest cyclamate regional market and is expected to register significant growth rates over the forecast period. The growing food & beverage industry coupled with rising demand for energy drinks in countries such as China and India is expected to fuel Asia Pacific market growth over the forecast period. Europe is projected to witness steady growth rate over the next six years owing to heavy cyclamate usage in the regional food & beverage industry. North America is projected to exhibit a sluggish growth rate due to the prohibition of cyclamate usage by the FDA. Cyclamate is under re-approval process in North America and is expected to slowdown cyclamate market growth in the region.
Key players involved in the global cyclamate market include Rasna Private Limited, Product Additivos, P.T.Wihadil, 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, Hisunny Chemical Co. Ltd, David Food, and Jiali Bio Group Limited. Global cyclamate market is characterized by stiff competition and dominance by regional market players.
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Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of cosmetic ingredients and certain categories of food additives. However, easing restrictions and public discourse about restarting economic activities in the consumer goods marketspace indicates that, the recovery of demand is imminent. The report will account for Covid19 as a key market contributor.