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Global Saccharin Market – Industry Trends and Forecast to 2030

Food & Beverage

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Global Saccharin Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Apr 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Saccharin Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1.47 USD Billion
Diagram Market Size (Forecast Year) USD 2.22 USD Billion
Diagram CAGR %

Major Markets Players

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Global Saccharin Market, By Extract type (Industrial grade sodium saccharin, Food grade sodium saccharin, Pharma Grade sodium saccharin), Form (Granular, Dry/Powder, Liquid), Product Type (Sodium Saccharin, Calcium Saccharin, Insoluble Saccharin), Application (Food and Beverages, Agrochemicals and Chemicals, Industrial activities Dietary Supplements, Table-Top Sweeteners, Personal Care and Cosmetics Products, Pharmaceuticals, Electroplating Solutions, Others), Sales Channel (Online, Offline) – Industry Trends and Forecast to 2030.

Saccharin Market

Saccharin Market Analysis and Size

Sodium saccharin is a synthetic sweetener with a sweeter flavor than ordinary sugar. Sodium saccharin, a less expensive and healthier substitute for regular sugar. It is most frequently used in products due to its high level of sweetness, steady nature, compatibility, and lack of adverse effects. Diabetic patients can consume this with ease and without risk. The FDA states that children and adults can ingest up to 2.3 mg of saccharin per pound (or 5 mg per kg) of body weight. It can also be used in food and pharmaceutical products where sugar can lead to spoilage. It is excreted unchanged and has no caloric value because the body does not metabolize it.

Data Bridge Market Research analyses that the saccharin Market, valued at USD 1.47 billion in 2022, will reach USD 2.22 billion by 2030, growing at a CAGR of 5.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Saccharin Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Extract type (Industrial grade sodium saccharin, Food grade sodium saccharin, Pharma Grade sodium saccharin), Form (Granular, Dry/Powder, Liquid), Product Type (Sodium Saccharin, Calcium Saccharin, Insoluble Saccharin), Application (Food and Beverages, Agrochemicals and Chemicals, Industrial activities Dietary Supplements, Table-Top Sweeteners, Personal Care and Cosmetics Products, Pharmaceuticals, Electroplating Solutions, Others), Sales Channel (Online, Offline)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Foodsweet Co., Ltd. (China), Kyung-In Synthetic Corporation (South Korea) , Batang Alum Industrie (Indonesia), DK Pharmachem  (India), TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd. (China), NS Chemicals (India), Radiant International. (India), MUBY CHEMICALS (India), Vishnu Chemicals(India), HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD. (China), Salvi Chemical Industries Ltd. (India), Shaanxi Greenbo Biochem Co.,Ltd (China)

Market Opportunities

  • Increasing usage of low-calorie and sugar-free products
  • The use of saccharin in pharmaceutical sectors creates an opportunity to grow

Market Definition

An artificial sweetener called saccharin is used to make food and beverages sweeter. Sweeteners are white, crystalline powder with a mildly bitter flavor. High-purity saccharin is easily accessible in tablet, powder, and liquid forms. It can be used as a tabletop sweetener or in cooking. These sugar substitutes are suitable for use by people with diabetes and people who are trying to lose weight, as they contain no calories.

Additionally, the heat-stable is appropriate for baking and cooking. It is 300–500 times sweeter than sugar and contains no calories. It is superior to other high-sweetener-intensity products due to its affordability, stability, compatibility, and lack of side effects. Diabetic patients primarily use the product because it doesn't interfere with the body's ability to regulate its blood sugar level and is quickly eliminated from the body without getting caught up in renal defecation, adding no nutritional value.

Saccharin Market Dynamics

Drivers

  • A change in lifestyle and habits may spur market expansion

With the rapid change in consumer lifestyle and preferences to reduce sugar intake and support weight management, the market for saccharin is expanding. Additionally, rise in consumer health consciousness regarding carbohydrate intake. The market is expected to be driven by the major food industries' investments in introducing saccharin products and the growth of health issues like obesity, diabetes, and vitamin deficiency. Demand for saccharin is rising as health concerns about sugar's adverse effects become more prevalent. People who are more health conscious use Saccharin products more as they limit the risk of weight gain and metabolism diseases

  • Longer shelf life drives the market growth

Manufacturers are using saccharin more frequently as an ingredient in various products, including fruit juices, cookies, baked goods, and toppings for desserts. The substance's shelf life is greater than that of sugar-based goods. This is because when saccharin concentration is raised to a certain point, all water is bound to be sealed, leaving no room for microorganisms to grow. Additionally, there is an increase in pharmaceutical and manufacturing organizations' initiatives to promote using saccharin as an artificial sweetener.

Opportunities

  • Increasing usage of low-calorie and sugar-free products

Saccharin is used in soft drinks, baked goods, jams, canned fruit, candy, dessert toppings, chewing gum, and tabletop sweeteners. Saccharin is an excellent additive for low-calorie and sugar-free goods because its sweetening power is not diminished when heated. It has no caloric value and is excreted unchanged because the body does not metabolize it. Till saccharin does not encourage tooth decay, it is also better for oral health than table sugar. Demand for artificial sweeteners has increased due to consumers' growing health awareness of the harmful effects of sugar consumption which creates the demand in the market for saccharin products.

 The use of saccharin in pharmaceutical sectors creates an opportunity to grow

It is used in oral pharmaceutical formulations in concentrations ranging from 0.02 to 0.5% w/w. It has been utilized as a sweetening agent in the formulation of chewable tablets. Various pharmaceutical co-crystals have been created using saccharin. Pharmaceutical products like toothpaste, mouthwash, cough syrups, and teeth whitening products all contain saccharin. Even vitamin supplements in the form of tablets, which people of all generations typically consume, have it. In actuality, this permits the use by various individuals suffering from diseases like diarrhea, obesity, and more. Thus, this creates a segment for the saccharin market to grow.

Restraints/Challenges

  • Adverse effects on health caused by regular consumption of the artificial sweetener

A high saccharin (135 mg) intake may lead to hypoglycemia, reduced hyperinsulinemia, and insulin resistance. The body's ability to process sweet flavors can be impacted by consuming large amounts of artificial sweeteners, especially when children are involved. However, the metallic flavor of high concentrations of saccharin can deter consumers, limiting the market's growth. It is predicted that the development of the saccharin market will be constrained by the rise in public concern over the various adverse health effects, such as those that cause severe headaches, diarrhea, allergies, and other problems.

This saccharin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the saccharin market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Saccharin Market Scope

The saccharin market is segmented on the basis of form, product type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Extract type

  • Industrial grade sodium saccharin
  • Food grade sodium saccharin
  • Pharma Grade sodium saccharin

Form

  • Granular
  • Dry/ Powder
  • liquid

Product Type

  • Sodium Saccharin
  • Calcium Saccharin
  • Insoluble Saccharin

Application

  • Food and Beverages
  • Processed foods
  • Beverages and low-calorie foods
  • Agrochemicals and Chemicals
  • Animal nutrition
  • Insect control/pest control
  • Industrial activities
  • Dietary Supplements
  • Table-Top Sweeteners
  • Personal Care and Cosmetics Products
  • Toothpaste and dental hygiene products
  • Pharmaceuticals
  • Electroplating Solutions
  • Others
  • Electroplating
  • Tobacco

Sales Channel

  • Online
  • Offline

Saccharin Market Regional Analysis/Insights

The saccharin market is analysed and market size insights and trends are provided by country, form, product type, and application user as referenced above.

The countries covered in the Saccharin Market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are large-scale production of saccharin in China. Additionally, due to the high growth in the food and beverage and pharmaceutical sector, the Asia-Pacific is leading the market globally.

Europe will undergo the highest growth rate during the forecast period owing to a rapid rise in health concerns and stable growth in the food and beverage industry region. Likewise, Germany will register the highest growing CAGR in Europe due to increasing confectionaries and snack manufacturing section. Also, Energy drinks and fizzy fruit juices have substantially increased in popularity in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Saccharin Market Share Analysis

The saccharin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Saccharin Market.

Some of the major players operating in the saccharin market are:

  • Foodsweet Co., Ltd. (China)
  • Kyung-In Synthetic Corporation (South Korea)
  • Batang Alum Industrie (Indonesia)
  • DK Pharmachem  (India)
  • TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd. (China)
  • NS Chemicals (India)
  • Radiant International. (India)
  • MUBY CHEMICALS (India)
  • Vishnu Chemicals(India)
  • HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD. (China)
  • Salvi Chemical Industries Ltd. (India)
  • Shaanxi Greenbo Biochem Co.,Ltd (China)


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FREQUENTLY ASK QUESTIONS

The Saccharin Market is projected to grow at a CAGR of 5.3% during the forecast period by 2030.
The future market value of the Saccharin Market is expected to reach USD 2.22 billion by 2030.
The major players in the Saccharin Market are Foodsweet Co., Ltd. (China), Kyung-In Synthetic Corporation (South Korea) , Batang Alum Industrie (Indonesia), DK Pharmachem (India), TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd. (China), etc.
The countries covered in the Saccharin Market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, etc.
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