Overview and Scope
Saccharin is a white, crystalline molecule with a formula that is not connected to carbohydrates and is hundreds of times sweeter than sucrose. It is employed as a calorie-free sweetener of no nutritional value.
Sizing and Forecast
The saccharin market size has grown steadily in recent years. It will grow from $1.39 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to rise in diabetic population, demand for low-calorie and sugar-free products, government regulations on sugar consumption, growth in food and beverage industry, cost-effectiveness of saccharin production.
The saccharin market size is expected to see steady growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to growing health consciousness, expansion of the functional food market, rise in obesity and metabolic disorders, increased adoption of low-glycemic diets, global population growth. Major trends in the forecast period include technological innovations in sweetener blends, advancements in food technology, clean label and natural sweeteners, plant-based and vegan products, r&d focus on taste enhancement.
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Segmentation & Regional Insights
The saccharin market covered in this report is segmented –
1) By Product Type: Sodium Saccharin, Insoluble Saccharin, Calcium Saccharin
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Table Top Sweeteners, Personal Care Products, Pharmaceuticals, Other Applications
Asia-Pacific was the largest region in the saccharin market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the saccharin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased consumption of calorie-free and sugar-free foods is expected to propel the growth of the saccharin market in the coming future. Calorie-free denotes that the food has fewer or no calories and will consequently have no effect on the body. Sugar-free indicates that one portion of food has less than half a milligram of artificial or naturally produced sugar. The increased consumption of calorie-free and sugar-free foods will boost the expansion of the saccharin market as it is employed as a substitute for sugar and has low or no calories. For instance, in 2022, according to the International Food Information Council, a US-based nonprofit educational entity to successfully communicate science-based knowledge regarding healthy food systems, with an emphasis on food health and safety, almost three-quarters of all Americans (73%) are attempting to minimize (59%) or prevent (14%) sugar intake. Similarly, 31 percent of Gen Z and 30 percent of millennials were far more inclined than 23 percent of Gen X and 19 percent of boomers to opt for low or no-calorie sugars in the US. Therefore, the increased consumption of calorie-free and sugar-free foods is driving the saccharin market.
Key Industry Players
Major companies operating in the saccharin market report are Vishnu Chemicals Ltd., JMC Corporation, Sigma-Aldrich Corp, Shanghai Fortune Techgroup CoLtd., Kyung-In Synthetic Corporation, Cumberland Packing Corp, Productos Aditivos SA, Mubychem Group, PMC Specialties Group, Batang Alum Industrie Co, V Chem Trading Ltd., Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co Ltd., Salvi Chemicals Industries Ltd., Tianjin Changjie Chemical Co Ltd., Shaanxi Greenbo Biochem Co.Ltd, Silverline Chemicals Ltd., Fortway Chemicals Co. Ltd., DK Pharmachem Pvt Ltd., A.S.Chemopharma Pvt Ltd, Shree Vardayini Chemical Industries Pvt Ltd., Aviditya Chemicals And Pharmaceuticals, TwoLions Zhangjiagang Fine Chemicals Co Ltd., Jiangxi Dongxu Chemical Science And Technology Co Ltd., Foodsweet Co. Ltd., NS Chemicals Private Limited, NS Chemicals Private Limited, Blue Jet Healthcare Pvt. Ltd., Merisant Worldwide Inc, Tianjin North Food Co. Ltd., Suzhou Fine Chemicals Co Ltd, Glentham Life Sciences Limited
The saccharin market report table of contents includes:
1. Executive Summary
2. Saccharin Market Characteristics
3. Saccharin Market Trends And Strategies
4. Saccharin Market – Macro Economic Scenario
5. Global Saccharin Market Size and Growth
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32. Global Saccharin Market Competitive Benchmarking
33. Global Saccharin Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Saccharin Market
35. Saccharin Market Future Outlook and Potential Analysis
36. Appendix
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