According to the latest report by IMARC Group, titled "Indian Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Indian saccharin market reached a volume of 4,944.3 Metric Tons in 2021. Saccharin, with the chemical formula C7H5NO3S, is a low-calorie artificial sweetener, which is about 300 to 500 times sweeter than sucrose (table sugar). It appears as white crystals or crystalline powder and is produced by synthesizing O-toluene sulfonamide or Phthalic anhydride. It is usually combined with sodium or calcium to form saccharin salt, which is soluble in water. Although characterized by a metallic aftertaste, it is preferred by individuals owing to its non-nutritive attribute that does not affect blood sugar levels or cause tooth decay. Consequently, it is widely used in various food and beverage products, such as baked goods, jams, pastries, carbonated sodas, chewing gums and tinned fruits, as a sweetener and in personal care products, including toothpaste and mouthwash, as a flavoring agent.
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.
Indian Saccharin Market Trends:
The market in India is primarily driven by the growing awareness among the masses regarding the adverse effects of high consumption of sugar. In line with this, increasing prevalence of lifestyle diseases, owing to the sedentary lifestyle led by a majority of the working population, has resulted in the growing inclination toward the incorporation of healthy alternatives of sugar. Consumers in the country are significantly focusing on reducing the intake of sugar in their daily diets and replacing it with low-calorie sweeteners, such as saccharin, thereby providing an impetus to the market growth. Moreover, altering food preferences and inflating disposable incomes of the consumers have influenced the sales of ready to eat and convenience food products, which utilize saccharin as an indispensable ingredient. Additionally, saccharin is extensively used as a key ingredient in the manufacturing of syrup-based medicines and to render a sweet taste to chewable tablets. Numerous favorable initiatives taken by the government of India to support domestic players in the saccharin industry are further creating a positive outlook for the market. For instance, the Department of Revenue has imposed a countervailing duty on export goods, including saccharin, that are exported by China in particular, to safeguard the domestic industry from unfair trade practices of subsidization. On account of the aforementioned factors, the market is expected to reach a volume of 5,729.8 Metric Tons by 2027, expanding at a CAGR of 2.43% during forecast period (2022-2027).
- Based on product type, the market has been divided into sodium, insoluble and calcium saccharin.
- On the basis of application, the market has been categorized into food and beverages, table top sweeteners, personal care products, pharmaceuticals and others. At present, the food and beverages segment exhibits a clear dominance in the market, accounting for the majority of the total market share.
- The competitive landscape of the market has been analyzed with the detailed profiles of the key players 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, and Salvi Chemical Industries Ltd.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter: @imarcglobal