According to the latest report by IMARC Group, titled “Saccharin Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," the global saccharin market reached a volume of 35,859 Metric Tons in 2021. Saccharin is a white, crystalline powder that is a high-intensity sweetener used as a sugar alternative or substitute. It is 200 to 700 times sweeter than table sugar and does not contain any calories. It is characterized by a metallic and bitter taste when consumed in high concentrations. Prepared by the oxidation of phthalic anhydride, saccharin is extensively used to sweeten beverages, carbonated drinks, fruit juices, jellies, baked goods, and dessert toppings, along with finding applications to replace sugar in mouthwashes and tablet coatings of medicines.
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.
Global Saccharin Market Trends:
The global market is primarily driven by the increasing concerns regarding the adverse effects of sugar on human health. In line with this, significant growth in the food and beverage industry is positively influencing the global market. Furthermore, the inflating disposable income levels of individuals and the rising preference for low-calorie foods are catalyzing the product demand. Besides this, the growing application of the product in the pharmaceutical industry to produce toothpaste, cough syrups, and teeth whiteners is propelling the market growth worldwide. Moreover, the increasing prevalence of chronic illnesses is set to accelerate the demand for dietary and health supplements, thus strengthening the overall market growth. Additionally, the easy product availability across online and offline organized retail channels, the shifting lifestyle preferences of consumers and the widespread preference for efficient weight management solutions are providing a boost to the market expansion. On account of the factors above, the market is anticipated to reach 47,509 Metric Tons by 2027, exhibiting a CAGR of 4.72% during 2022-2027.
- Based on the application, the market has been segmented into food and beverages, table top sweeteners, personal care products, pharmaceuticals, and others. Currently, food and beverages account for the largest segment.
- Based on the product type, the market has been categorized into sodium saccharin, insoluble saccharin, and calcium saccharin, wherein sodium saccharin exhibits a clear dominance in the market.
- On the basis of the region, the market has been divided into China, India, the United States, Europe, and others. Among these, China holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include 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.
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