Global Saccharin Market by Product Type (Sodium, Insoluble and Calcium Saccharin), by Application (Food and Beverages, Table Top Sweeteners, Personal Care Products, Pharmaceuticals & Others), Key Players and Region – Industry Outlook to 2027.
The global saccharin market size reached US$ 35,859 metric tons in 2021. Looking forward, IMARC Group expects the market to reach US$ 47,509 metric tons by 2027, exhibiting a CAGR of 4.72% during 2022-2027. Saccharin (C7H5NO3S), also known as benzoic sulfimide, refers to an artificial sweetener which is around 300 times sweeter than table sugar. It is produced through the oxidation of o-toluene sulfonamide or phthalic anhydride. Its name has been derived from the word ‘saccharine’ which is used to describe something ‘overly sweet’. It is commonly available in the form of white crystals or crystalline powder which are insoluble in water but mix well along with other sweeteners to compensate for their drawbacks. As saccharin is a non-nutritive sweetener, it is widely used by health-conscious consumers to monitor their weight and sugar intake.
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Market Trends:
Saccharin offers no caloric value, does not get metabolized and is excreted from the body unchanged. Moreover, it is less expensive than sugar and does not affect blood sugar levels or cause tooth decay. Owing to this, it is widely used in the preparation of sugar-free beverages and food products such as carbonated drinks, dessert toppings, jams, jellies, salad dressings and canned fruits. Apart from this, it also finds applications in the pharmaceutical industry to produce toothpaste, teeth whiteners, mouthwash and cough syrups wherein the presence of sugar may lead to spoilage.
Additionally, as it assists in weight management, it is recommended by dieticians to reduce or control weight. Furthermore, manufacturers are introducing several marketing campaigns through different means including newspapers, televisions and the internet to increase product awareness amongst consumers.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global saccharin market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on application and product type.
Breakup by Application:
- Food and Beverages
- Table Top Sweeteners
- Personal Care Products
- Pharmaceuticals
- Others
The report has segmented the market on the basis of applications, covering food and beverage industry, table top sweeteners, personal care and pharmaceuticals. Amongst these, food and beverage applications dominate the market.
Breakup by Product Type:
- Sodium Saccharin
- Insoluble Saccharin
- Calcium Saccharin
The market has further been segmented on the basis of type and finds that sodium saccharin accounts for the majority of the sales.
Breakup by Region:
- China
- India
- United States
- Europe
- Others
On the basis of region, the report finds that China represents the largest market for saccharin worldwide.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Kaifeng Xinghua Fine Chemical Ltd., Shanghai Merry Yang Enterprise Co. Ltd., Tianjin North Food Co. Ltd., Hangzhou Focus Corporation, Blue Circle Organics Pvt. Ltd. And Vishnu Chemicals Limited.
This report provides a deep insight into the global saccharin industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a saccharin manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the saccharin industry in any manner.
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