The global saccharin market reached a value of US$ 283 Million in 2020. Looking forward, IMARC Group expects the market exhibit moderate growth during 2021-2026. 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 one of the oldest artificial, non-nutritive sweeteners, first discovered in 1878. It has no caloric value and does not get metabolized by the body, being excreted unchanged. Saccharin is also better for oral health as compared to table sugar since it does not promote tooth decay. Owing to its numerous advantages, saccharin is extensively used in the food and beverage industry in diet carbonated drinks and other low-calorie products. It is also finds applications in foods and pharmaceuticals where the presence of sugar can lead to spoilage.
The rising health consciousness among the consumers regarding the negative effects of sugar consumption has led to an increase in the demand for artificial sweeteners. Since saccharin is cheaper as compared to most other sweeteners, it is used extensively in its end-use sectors. The use of saccharin is also important for people who require a diet with restriction on caloric or carbohydrate intake, such as diabetics. Majority of the health practitioners also favour the use of non-caloric sweeteners like saccharin in weight reduction.
IMARC Group provides an analysis of the key trends in each sub-segment of the global saccharin market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, application and type.
Breakup by Application:
The report has segmented the market on the basis of applications, covering food and beverage industry, table top sweeteners, personal care and pharmaceuticals. Amongst these, food and beverage applications dominate the market.
Breakup by Type:
The market has further been segmented on the basis of type and finds that sodium saccharin accounts for the majority of the sales. It is followed by insoluble saccharin and calcium saccharin.
Breakup by Region:
On the basis of region, the report finds that China represents the largest market for saccharin worldwide. It is followed by the United States, Europe and Others.
This report provides a deep insight into the global saccharin industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a saccharin manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the saccharin industry in any manner.
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