The new report by Expert Market Research titled, ‘Global Saccharin Market Price, Trends, Growth, Analysis, Report and Forecast 2020-2025’, gives an in-depth analysis of the global saccharin market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): 33 kMT
• Forecast CAGR (2020-2025): 2.3%
Saccharin was first discovered in 1878 as one of the earliest non-nutritious sweeteners. It has no nutritional value and is excreted unchanged as it does not get metabolised by the body. Saccharin is also beneficial for oral health compared to table sugar, as it does not facilitate the rotting of the tooth. Because of its various benefits, saccharin is commonly used in diet carbonated beverages and other low-calorie items in the food and beverage industry. It also finds applications in foods and pharmaceuticals where sugar will spoil. The saccharin market is expected to be catalysed by the rising demand for sugar substitutes among health-conscious consumers.
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Industry Definition and Major Segments
Saccharin is an artificial sweetener of high strength that is sweeter than sucrose/sugar, while still containing zero calories. It is favoured over other sweeteners of high strength because it has no side effects and is more cost-effective than the other alternatives available.
On the basis of type, the industry is divided into:
• Sodium Saccharin
• Calcium Saccharin
• Acid Saccharin
On the basis of end use, the industry is divided into:
• Food and Beverages
• Table Top Sweetener
• Personal Care
• Pharmaceutical
• Others
On the basis of region, the industry is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The global demand for saccharin is projected to experience significant growth because of the rising awareness of the negative effects of sugar consumption, which has increased the demand for artificial sweeteners. Saccharin has substituted other sweeteners with its cost-efficiency. The use of saccharin is important for those dieting with carbohydrate limits and calorie consumption, such as diabetics. Some healthcare professionals also prescribe non-caloric sweeteners such as saccharin to minimise the calorie intake. Increasing initiatives by different pharmaceutical and manufacturing organisations to promote the use of saccharin as an artificial sweetener will increase this market’s growth.
Changes in customer lifestyle and expectations to reduce sugar intake and encourage weight management is another factor driving the growth of the market. Rising consumer health awareness about low calorie or carbohydrate intake is further driving the market growth.
Key Market Players
The major players in the market are Kaifeng Xinghua Fine Chemical Ltd., Tianjin Changjie Chemical Co. Ltd., Tianjin North Food Co. Ltd., PMC Specialties Group, Inc., Blue Circle Organics Pvt. Ltd., Vishnu Chemicals Limited, Organic Industries Pvt. Ltd., Aviditya Chemicals and Pharmaceuticals, and Salvi Chemicals. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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