Global Saccharin Market Key Insights:
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
Global Saccharin Market Outlook
The global saccharin market stood at around 31 kMT in 2018 about 5.7% higher as compared to the previous year owing to increasing diabetes occurrence and health concerns across the globe. Rising concerns about the negative effects of sugar on health have resulted in saccharin occupying a significant share in the food and beverage industry.
It is expected that sectors such as cosmetics and personal care, electroplating, health & fitness, food & beverage and pharmaceuticals would drive the growth of this market at a CAGR of 2.3% during 2019-2024.
Properties and Applications
Saccharin is an organic petroleum-based compound which is 300-500 times sweeter than sucrose and used as an artificial sweetener in products such as cookies, medicines, soft drinks and candies.
It contains no food energy and finds applications in:
- Beverages and low-calorie foods
- Toothpaste and dental hygiene products
- Animal nutrition
- Processed foods
- Insect control/pest control
Sodium saccharin is majorly used in foods and is relatively cheaper than sugar. This, along with rising global health awareness, has positively affected the market growth.
Global Saccharin Market Analysis
By product type, the market is categorized into sodium saccharin, soluble saccharin, insoluble saccharin and calcium saccharin. By form, it can be categorized as granular and powder.
The food & beverages sector has been the largest consumer so far. Other prominent sectors include table top sweeteners, personal care, pharmaceuticals, etc. In the near future, the food & beverages sector would maintain this position due to the increasing disposable income of consumers and their growing preference for low-calorie foods. Demand from companies engaged in the manufacturing of anaerobic adhesives, pesticides, herbicides and insecticides is also anticipated to provide impetus to the market growth.
The Asia-Pacific region has witnessed the highest growth over the last two years and comprises more than half of the global production and consumption. Growth in the food & beverage and the pharmaceutical sectors in this region are projected to drive the market growth. China, India and Korea are expected to be the leading producers in the coming years. Europe has also been a growing market due to rising health concerns and its steadily expanding food & beverage industry. A detailed regional analysis and outlook on the market performance including the price movement are offered in the report.
The report presents an analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global market:
- 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
- Salvi Chemicals
EMR’s comprehensive report on the global saccharin market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.