Posted on 31 Jan 2019
According to a new report by EMR titled, ‘Global Saccharin Market Report and Forecast 2019-2024’, the global saccharin market reached 31 kilo metric tons in 2018, growing by about 5.7% from 2017. The market is further projected to grow at a CAGR of 2.3% in the period 2019-2024.
Saccharin is a high intensity artificial sweetener which is 300 to 500 times sweeter than sucrose/sugar while also carrying zero calories. It is preferred over other high intensity sweeteners as it has no side effects and is more cost effective than the other available options. The stability and compatibility of saccharin also makes it a popular option. Saccharin is mostly consumed in the food and beverage sector, with the rising demand for low calorie foods and the growing disposable income among the consumers.
The saccharin market has been driven by rising health concerns and growing awareness of the detrimental effects of sugar. The increase in the number of cases of diabetes and obesity, which have quadrupled since 1980 according to a 2015 report by WHO, have been driving the saccharin market. Saccharin is a particularly popular sweetener among diabetic patients as it passes through the body without being absorbed or adding to the sugar level of the body. It is also finding growing use in the pharmaceutical sector where it is used to mask the bitter flavour of medicines like calcium and multivitamin tablets.
The Asia Pacific sector has been rapidly growing over the last few years. The region accounts for over half of the global production and consumption of saccharin with the rising demand for saccharin in the food and beverage, and pharmaceutical industries driving the market. China is expected to be the largest saccharin producer in the coming years followed by other Asia Pacific countries like India and Korea. The European saccharin market is experiencing a healthy growth due to rising health concerns and the expansion of its application in the food and beverage sector.
Market Analysis by Type, Application and Region:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/saccharin-market
Key Findings of the Report:
Key Offerings of the Report:
Kaifeng Xinghua Fine Chemical Ltd., Shanghai Merry Yang Enterprise Co. Ltd., Tianjin Changjie Chemical Co. Ltd., Tianjin North Food Co. Ltd., PMC Specialties Group, Inc., Blue Circle Organics Pvt. Ltd., Vishnu Chemicals Limited, Organic Industries Pvt. Ltd., Aviditya Chemicals and Pharmaceuticals, and Salvi Chemicals are the major players in the global saccharin market analysed by EMR. The EMR report gives a detailed look into the latest developments amongst these key players like their capacity expansions, plant turnarounds, and mergers and expansions.
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