The Latin America saccharin market is being driven by the growing artificial high-intensity sweetener (HIS) industry. Globally, the artificial HIS market stood at nearly USD 1.9 billion in 2019. It is expected to grow further in the forecast period of 2020-2025, to attain a value of about USD 2.3 billion by 2025. The Latin America region, however, accounts for only 1% of the global artificial sweetener market. The Latin America artificial sweetener market was worth USD 174 million in 2017.
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Saccharin is one of the leading artificial sweeteners available in the market with a share of about 13%. The healthy growth witnessed by the beverages industry in the Latin America region is propelling the regional saccharin industry, as it finds extensive application in the beverage segment. The beverage industry, globally, attained a value of USD 5 billion in 2017 and is expected to rise further in the forecast period. The Latin America and the Caribbean beverage industry is generating an annual revenue of USD 17.7 million and accounts for 17.5% of the global market. Brazil, a leading saccharin market in the region, has an especially robust beverage industry which is witnessing a trade surplus leading to the growth of the artificial sweetener industry in the region. Brazil is the third largest importer of the low-calorie sweetener and its salts after US and Germany.
Properties and Applications
Saccharin is a non-nutritive artificial sweetener which is extensively used in food products like cookies, soft drinks, and candies as a substitute for sugar. While it is 300 to 500 times sweeter than sucrose or table sugar, it might give a bitter or metallic aftertaste when added in excess. Since it does not react chemically with food ingredients, it is a good option for storage. Saccharin can be further categorised as calcium, sodium, and insoluble saccharin. Its common application sectors are:
The EMR report on Latin America saccharin market also analyses the feedstock like ortho toluene sulphonamide, sodium bichromate dihydrate, sulphuric acid, sodium bicarbonate. It also gives an in-depth look into regional markets like Brazil, Argentina and Colombia.
The global saccharin industry is being driven by the rising health consciousness due to the increasing number of people suffering from lifestyle diseases such as obesity and diabetes. The rising disposable incomes combined with a busier lifestyle is leading to the increasing demand for convenient food which in turn is providing an impetus to the market. Saccharin is used as a sugar substitute for household and restaurant uses in beverages like tea and coffee. The industry is also finding expanding application in other food and beverage segments like bakery and confectionary. The low-calorie sweetener is used as a flavouring agent in products such as cosmetics items and toothpaste. They are also finding uses in pharmaceutical products like vitamin tablets.
The Latin America saccharin market is being driven by the growing awareness about health and wellbeing and the increasing cases of obesity and diabetes. The industry is, thus, being driven in the region by an increasing demand for low-calorie foods and beverages. The growing population of the middle class in the Latin America region is expected to drive the industry further. The rise in the middle-class population is also leading to changes in the consumption patterns with consumers seeking sugar substitutes which are low in calories. The expanding market for sweeteners will provide further impetus to the saccharin industry growth.
The Latin America saccharin market is also aided by the thriving cosmetics industry in the region. Latin America accounted for over 10% of the global cosmetics industry in 2017. Brazil, Chile, and Colombia are the significant cosmetics market in the region. Brazil, especially, is a leading market and is the fourth largest beauty market in the world. The growth in the Latin America cosmetics industry is driving the market for saccharin in the region. It is used as a flavouring agent in products such as lipsticks, balms, and oral care products.
The report gives a detailed analysis into the following key players in the Latin America saccharin market, looking into their capacity, market share and latest developments like plant turnarounds, mergers and acquisitions, and capacity expansions:
The EMR report gives an in-depth insight into the Latin America saccharin market by providing an analysis of the Porter’s Five Forces as well as a SWOT analysis.
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Top Suppliers
3.4 Supply Market Changes
4 Global Saccharin Market Outlook
5 Global Saccharin Market
5.1 Global Saccharin Market Analysis
5.1.1 Chart: Breakup by Type
5.1.2 Chart: Breakup by Application
188.8.131.52 Food and Beverages
184.108.40.206 Table Top Sweetener
220.127.116.11 Personal Care
5.1.3 Figure: Breakup by Type: Historical Demand (2015-2019) & Forecast (2020-2025)
5.1.4 Figure: Breakup by Type: Historical Supply (2015-2019) & Forecast (2020-2025)
5.1.5 Figure: Breakup by Region: Historical Demand (2015-2019) & Forecast (2020-2025)
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East & Africa
5.1.6 Figure: Breakup by Region: Historical Supply (2015-2019) & Forecast (2020-2025)
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East & Africa
6 Latin America Saccharin Market
6.1 Latin America Saccharin Market Analysis
6.1.1 Chart: Latin America Saccharin Market Breakup by Type
6.1.2 Chart: Latin America Saccharin Market Breakup by Application
126.96.36.199 Food and Beverages
188.8.131.52 Table Top Sweetener
184.108.40.206 Personal Care
6.1.3 Figure: Latin America Saccharin Market Breakup by Type: Historical Demand (2015-2019) & Forecast (2020-2025)
6.1.4 Figure: Latin America Saccharin Market Breakup by Type: Historical Supply (2015-2019) & Forecast (2020-2025)
6.1.5 Figure: Latin America Saccharin Market Historical Demand (2015-2019) & Forecast (2020-2025)
6.1.6 Figure: Latin America Saccharin Market Historical Supply (2015-2019) & Forecast (2020-2025)
6.2 SWOT Analysis
6.3 Value Chain Analysis
6.4 Porter’s Five Forces Analysis
6.4.2 Buyer’s Power
6.4.3 Supplier’s Power
6.4.4 New Entrants
6.4.5 Degree of Rivalry
6.5 Global (HS Code-2925) Trade Analysis (2019)
6.5.1 Major Exporting Countries by Value & Volume
6.5.2 Major Importing Countries by Value & Volume
6.6 Latin America Saccharin Market Price Analysis
6.6.1 Brazil Historical Price Trends (2015-2019) & Forecast (2020-2025)
6.6.2 Argentina Historical Price Trends (2015-2019) & Forecast (2020-2025)
6.6.3 Colombia Historical Price Trends (2015-2019) & Forecast (2020-2025)
6.7 Latin America Feedstock Market Outlook
6.7.1 Ortho Toluene Sulfonamide
6.7.2 Sodium Bichromate Dihydrate
6.7.3 Sulfuric Acid
6.7.4 Sodium Bicarbonate
6.7.5 Sodium Carbonate
7 Competitive Landscape & Supplier Analysis
7.1 Kaifeng Xinghua Fine Chemical Ltd
7.2 Tianjin Changjie Chemical Co. Ltd
7.3 PMC Specialties Group, Inc.
7.4 TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd.
7.5 JMC Corporation
7.6 Blue Circle Organics Pvt. Ltd.
7.7 Cumberland Packing Corp.
7.8 Penta International Corporation
8 Consumer Analysis
9 Events and Developments
Additional Customisations Available:
10 Manufacturing Process
10.1 Detailed Process Flow
10.2 Operations Involved
10.3 Mass Balance
11 Cost Analysis
11.1 Land, Location and Site Development
11.3 Plant Machinery
11.4 Cost of Raw Material
11.9 Other Capital Investment
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