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Latin America Saccharin Market Size, Share, Trends, Growth: By Type: Calcium, Sodium, Insoluble; By Application: Food and Beverages, Table Top Sweetener, Personal Care, Pharmaceutical, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Latin America Saccharin Market Outlook
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 2020. It is expected to grow further in the forecast period of 2024-2032, to attain a value of about USD 2.3 billion by 2026.
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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.
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:
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- Food and Beverages
- Table Top Sweetener
- Personal Care
- Pharmaceutical
- Others
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.
Market Analysis
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.
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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.
Competitive Landscape
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:
- JMC Corporation
- HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD.
- TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd.
- Shanghai Merry Yang Enterprise Co. Ltd
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Global Saccharin Market Overview
8.1 Key Industry Highlights
8.2 Global Saccharin Historical Market (2018-2023)
8.3 Global Saccharin Market Forecast (2024-2032)
8.4 Global Saccharin Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Saccharin Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Saccharin Historical Market (2018-2023)
9.3 Latin America Saccharin Market Forecast (2024-2032)
9.4 Latin America Saccharin Market by Type
9.4.1 Calcium
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Sodium
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Insoluble
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 Latin America Saccharin Market by Application
9.5.1 Food and Beverages
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Table Top Sweetener
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Personal Care
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Pharmaceutical
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Latin America Saccharin Market by Region
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Colombia
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Argentina
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Colombia
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code: 292511)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Latin America Feedstock Market Analysis
15.1 Ortho Toluene Sulfonamide
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Sodium Bichromate Dihydrate
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Sulfuric Acid
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Sodium Bicarbonate
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Sodium Carbonate
15.5.1 Historical Trend (2018-2023)
15.5.2 Forecast Trend (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 JMC Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 TWOLIONS (ZHANGJIAGANG) FINE CHEMICALS CO., LTD.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shanghai Merry yang Enterprise Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Saccharin Market: Key Industry Highlights, 2018 and 2032
2. Latin America Saccharin Market: Key Industry Highlights, 2018 and 2032
3. Latin America Saccharin Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Latin America Saccharin Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Latin America Saccharin Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Latin America Saccharin Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Latin America Saccharin Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Latin America Saccharin Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. Latin America Saccharin Market Structure
Key Questions Answered in the Report
The Latin America saccharin market is expected to be driven by the global artificial HIS market, which reached about USD 1.9 billion in 2020.
The Latin America saccharin market is expected to be supported by global artificial HIS market, which is likely to reach around USD 2.3 billion by 2026.
The major drivers of the market include rising disposable incomes, increasing population, growing beverages industry, and the rising health consciousness.
The rising demand for alternatives for sugar is a key trend in the market.
Brazil, Argentina, and Colombia are the leading regions in the market, with Brazil accounting for the largest market share.
The major types of saccharin in the market are calcium, sodium, and insoluble.
The major application segments in the market are food and beverages, table top sweetener, personal care, and pharmaceutical, among others.
The leading players in the market are JMC Corporation, HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD., TWOLIONS (ZHANGJIAGANG) FINE CHEMICALS CO., LTD., and Shanghai Merry yang Enterprise Co., Ltd., among others.
Analyst Review
The Latin America saccharin market is being driven by the growing artificial high-intensity sweetener (HIS) industry. Globally, the artificial HIS market reached a value of about USD 1.9 billion in 2020 and is expected to grow further in the forecast period of 2024-2032 to attain a value of about USD 2.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the regional market for saccharin can be segmented into calcium, sodium, and insoluble. On the basis of application, the market can be divided into food and beverages, table top sweetener, personal care, and pharmaceutical, among others. The major regional markets for saccharin are Brazil, Argentina, and Colombia, with Brazil accounting for the largest share of the market. The key players in the above industry include JMC Corporation, HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD., TWOLIONS (ZHANGJIAGANG) FINE CHEMICALS CO., LTD., Shanghai Merry yang Enterprise Co., Ltd.. Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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