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Indian Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Indian saccharin market size reached 4,944.3 Metric Tons in 2021. Looking forward, IMARC Group expects the market to reach 5,729.8 Metric Tons by 2027, exhibiting a growth rate (CAGR) of 2.43% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Saccharin is an artificial sweetener that is chemically synthesized from O-toluene sulfonamide or Phthalic anhydride. It can be 300 times sweeter than table sugar (sucrose) and does not affect the blood sugar levels or cause tooth decay as it has no calories like other non-nutritive sweeteners. It becomes unstable when heated but does not react chemically with other food ingredients, which makes it suitable for storage. On account of its favorable properties, saccharin is mostly consumed by diabetics and individuals on a sugar-free diet. It is also extensively employed in the manufacturing of diet soft drinks and other low-calorie foods and is useful in foods and pharmaceuticals in which the presence of sugar might lead to spoilage. As a result of this, saccharin is extensively used in various sugar-free products, such as baked goods, jams, chewing gums, tinned fruits, and toothpaste.

 

 
 

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With around 72 million people suffering from diabetes, India currently has the second largest population of diabetic patients in the world. The increasing incidences of such health issues have made Indian consumers more conscious of their health and wellbeing. Owing to this, people have started shifting toward low-calorie diets and avoid consuming excess amounts of sugar. Saccharin, being a zero-calorie sweetener, is also used by consumers to manage their weight. Moreover, the leading market players in India are improving and upgrading the production technologies, as well as introducing value-added products, to sustain the intense competition in the market. These technological advancements have helped in minimizing the adverse effects of saccharin on both human health and the environment. Apart from this, various organizations are taking initiatives to promote the usage of saccharin as an artificial sweetener, which in turn is bolstering the growth of the market in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian saccharin market report, along with forecasts for the period 2022-2027. Our report has categrized the market based on product type and application.

Breakup by Product Type:

 

 
 

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  • Sodium Saccharin
  • Insoluble Saccharin
  • Calcium Saccharin

 

Breakup by Application:

  • Food and Beverages
  • Table Top Sweeteners
  • Personal Care Products
  • Pharmaceuticals
  • Others

 

Amongst these, the food and beverages sector dominated the market, accounting for the majority of the overall market share.

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers operating in the market. Some of these players include:

  • Blue Circle Organics Pvt. Ltd.
  • Vishnu Chemicals Limited
  • Organic Industries, Pvt. Ltd.
  • Aviditya Chemicals and Pharmaceuticals
  • Salvi Chemical Industries Ltd.


Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Metric Tons, US$ Million
Segment Coverage Product Type, Application
Customization Scope 10% Free Customization
Companies Covered Blue Circle Organics Pvt. Ltd., Vishnu Chemicals Limited, Organic Industries, Pvt. Ltd., Aviditya Chemicals and Pharmaceuticals, and Salvi Chemical Industries Ltd.
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Indian saccharin market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Indian saccharin market?
  • Which are the popular product types in the market?
  • What are the major application sectors in the market?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the industry and who are the key players?
  • What is the degree of competition in the market?
  • How is saccharin manufactured?
  • What are the various unit operations involved in a saccharin manufacturing plant?
  • What is the total size of land required for setting up a saccharin manufacturing plant?
  • What are the machinery requirements for setting up a saccharin manufacturing plant?
  • What are the raw material requirements for setting up a saccharin manufacturing plant?
  • What are the packaging requirements for saccharin?
  • What are the transportation requirements for saccharin?
  • What are the utility requirements for setting up a saccharin manufacturing plant?
  • What are the manpower requirements for setting up a saccharin manufacturing plant?
  • What are the infrastructure costs for setting up a saccharin manufacturing plant?
  • What are the capital costs for setting up a saccharin manufacturing plant?
  • What are the operating costs for setting up a saccharin manufacturing plant?
  • What will be the income and expenditures for a saccharin manufacturing plant?
  • What is the time required to break-even?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Saccharin Market
    5.1    Market Overview
    5.2    Market Performance     
    5.3    Market Breakup by Product Type
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
6   Indian Saccharin Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Forecast
    6.6    SWOT Analysis
        6.6.1    Overview
        6.6.2    Strengths
        6.6.3    Weaknesses
        6.6.4    Opportunities
        6.6.5    Threats
    6.7    Value Chain Analysis
        6.7.1    Overview
        6.7.2    Research and Development
        6.7.3    Raw Material Procurement
        6.7.4    Manufacturers
        6.7.5    Distributors
        6.7.6    Exporters
        6.7.7    Retailers
        6.7.8    End-Users
    6.8    Porters Five Forces Analysis
        6.8.1    Overview
        6.8.2    Bargaining Power of Buyers
        6.8.3    Bargaining Power of Suppliers
        6.8.4    Degree of Competition
        6.8.5    Threat of New Entrants
        6.8.6    Threat of Substitutes
    6.9    Key Success and Key Risk Factors
7   Market Breakup by Product Type
    7.1    Sodium Saccharin
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Insoluble Saccharin
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Calcium Saccharin
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Food and Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Table Top Sweeteners
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Personal Care Products
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pharmaceuticals
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Saccharin Manufacturing Process
    9.1    Product Overview
    9.2    Detailed Process Flow
    9.3    Various Types of Unit Operations Involved
    9.4    Mass Balance and Raw Material Requirements
10  Project Details, Requirements and Costs Involved
    10.1    Land, Location and Site Development
    10.2    Construction Requirements and Expenditures
    10.3    Plant Machinery
    10.4    Raw Materials Requirements and Expenditures
    10.5    Raw Material and Final Product Pictures
    10.6    Packaging Requirements and Expenditures
    10.7    Utilities Requirements and Expenditures
    10.8    Manpower Requirements and Expenditures
11  Loans and Financial Assistance
12  Project Economics

    12.1    Capital Cost of the Project
    12.2    Techno-Economic Parameters
    12.3    Product Pricing and Margins across Various Levels of the Supply Chain
    12.4    Taxation and Depreciation
    12.5    Income Projections
    12.6    Expenditure Projections
    12.7    Financial Analysis
    12.8    Profit Analysis
13  Competitive Landscape
    13.1    Market Structure
    13.2    Capacities of Key Players
    13.3    Profiles of Key Players
        13.3.1    Aviditya Chemicals and Pharmaceuticals 
        13.3.2    Blue Circle Organics Pvt. Ltd. 
        13.3.3    Organic Industries Pvt. Ltd.
        13.3.4    Salvi Chemicals 
        13.3.5    Vishnu Chemicals Limited 

List of Figures

Figure 1: India: Saccharin Market: Major Drivers and Challenges
Figure 2: Global: Saccharin Market: Volume Trend (in Metric Tons), 2016-2021
Figure 3: Global: Saccharin Market: Value Trend (in Million US$), 2016-2021
Figure 4: Global: Saccharin Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Saccharin Market: Breakup by Application (in %), 2021
Figure 6: Global: Saccharin Market: Breakup by Region (in %), 2021
Figure 7: Global: Saccharin Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 8: Global: Saccharin Market Forecast: Value Trend (in Million US$), 2022-2027
Figure 9: India: Saccharin Market: Volume Trend (in Metric Tons), 2016-2021
Figure 10: India: Saccharin Market: Value Trend (in Million US$), 2016-2021
Figure 11: Saccharin Market: Price Structure
Figure 12: India: Saccharin Market: Average Prices (in Metric Tons), 2016-2021
Figure 13: India: Saccharin Market Forecast: Average Prices (in Metric Tons), 2022-2027
Figure 14: India: Saccharin Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 15: India: Saccharin Market Forecast: Value Trend (in Million US$), 2022-2027
Figure 16: India: Saccharin Industry: SWOT Analysis
Figure 17: India: Saccharin Industry: Value Chain Analysis
Figure 18: India: Saccharin Industry: Porter’s Five Forces Analysis
Figure 19: India: Sodium Saccharin Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 20: India: Sodium Saccharin Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 21: India: Insoluble Saccharin Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 22: India: Insoluble Saccharin Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 23: India: Calcium Saccharin Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 24: India: Calcium Saccharin Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 25: India: Saccharin (Applications in Food and Beverages) Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 26: India: Saccharin (Applications in Food and Beverages) Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 27: India: Saccharin (Applications in Table Top Sweeteners) Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 28: India: Saccharin (Applications in Table Top Sweeteners) Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 29: India: Saccharin (Applications in Personal Care Products) Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 30: India: Saccharin (Applications in Personal Care Products) Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 31: India: Saccharin (Applications in Pharmaceuticals) Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 32: India: Saccharin (Applications in Pharmaceuticals) Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 33: India: Saccharin (Other Applications) Market: Volume Trend (in Metric Tons), 2016 & 2021
Figure 34: India: Saccharin (Other Applications) Market Forecast: Volume Trend (in Metric Tons), 2022-2027
Figure 35: Saccharin Manufacturing: Detailed Process Flow
Figure 36: Saccharin Manufacturing: Conversion Rate of Feedstocks
Figure 37: Saccharin Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 38: Saccharin Industry: Profit Margins at Various Stages of Supply Chain
Figure 39: Saccharin Manufacturing Plant: Breakup of Operational Costs (%)

List of Tables

Table 1: Global: Saccharin Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Saccharin Market: Key Industry Highlights, 2021 and 2027
Table 3: India: Saccharin Market Forecast: Breakup by Product Type (in Metric Tons), 2022-2027
Table 4: India: Saccharin Market Forecast: Breakup by Application (in Metric Tons), 2022-2027
Table 5: Sodium Saccharin: General Properties 
Table 6: Sodium Saccharin Manufacturing Plant: Raw Material Requirements (in Ton/Day) 
Table 7: Sodium Saccharin Manufacturing Plant: Costs Related to Land and Site Development (in US$) 
Table 8: Sodium Saccharin Manufacturing Plant: Costs Related to Civil Works (in US$) 
Table 9: Sodium Saccharin Manufacturing Plant: Costs Related to Plant and Machinery (in US$) 
Table 10: Sodium Saccharin Manufacturing Plant: Raw Material Requirements (in Ton/Day) and Expenditures (US$/Ton)
Table 11: Sodium Saccharin Manufacturing Plant: Utility Requirements and Expenditures 
Table 12: Sodium Saccharin Manufacturing Plant: Manpower Requirements and Expenditures 
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: Sodium Saccharin Manufacturing Plant: Capital Costs (in US$) 
Table 15: Sodium Saccharin Manufacturing Plant: Techno-Economic Parameters 
Table 16: Sodium Saccharin Manufacturing Plant: Taxation (in US$/Year) 
Table 17: Sodium Saccharin Manufacturing Plant: Depreciation (in US$/Year) 
Table 18: Sodium Saccharin Manufacturing Plant: Income Projections (in US$) 
Table 19: Sodium Saccharin Manufacturing Plant: Expenditure Projections (in US$) 
Table 20: Sodium Saccharin Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability 
Table 21: Sodium Saccharin Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability 
Table 22: Sodium Saccharin Manufacturing Plant: Profit and Loss Account (in US$) 
Table 23: India: Saccharin Market: Competitive Structure
Table 24: India: Saccharin Market: Capacities of Key Players


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