Global Saccharin Industry Report: Analysis and Forecast 2022-2027
Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by a Saccharin industry report
The saccharin industry was valued to be worth USD 1.28 Billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 1.6 percent, achieving a value of around USD 1.39 Billion by 2027.
The Saccharin industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Saccharin, an earlier stevia sweetener, is a non-nutritive flavor with really no energy content, is not digested by the body, and is excreted unchanged. Due to its various properties, saccharin is extensively used in the food and beverage industry in diet carbonated beverages and other reduced products The Asia Pacific is the biggest category spender by region which is impelling the demand for the saccharin industry.
Saccharin: Industry Definition and Segmentation
Scope
Saccharin is a slightly elevated, renewable Petro sweetener 200 to 700 times sweeter than sugar or standard sugar. It’s a white-colored amorphous powdery sugar that is indeed non-nutritive and low in fat. It’s used to enhance drinks, fruit drinks, fragrances, candies, cookies, mouth rinses, and prescribed drugs, among many other products.
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The Saccharin industry report comprises segments:
- By application – food and drinks, tabletop sweeteners, personal care products, medicines, and others
- By form – powder and granular
- By product – sodium saccharin, insoluble saccharin, and calcium saccharin
- By region – North America, Asia Pacific, Europe, Latin America and the Middle East, and Africa
Snapshot of the Report
The regional markets for the industry can be divided into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa.
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Category Drivers
So far, the food and beverage industry has been the main consumer of saccharin. Tabletop sweeteners, personal care, pharmaceuticals, and other prominent industries are also important. Due to rising consumer disposable income and a growing taste for low-calorie items, the food and beverage sector will continue to hold its position in the coming years. Demand from companies that make anaerobic adhesives, pesticides, herbicides, and insecticides is also likely to boost market expansion. Another key element driving up saccharin demand is people’s rising awareness of the detrimental effects of sugar consumption on overall health. It is widely employed in its end-use industries due to its reduced price when compared to other sweeteners.
Category Insight by Region
Saccharin market has grown at the fastest rate in the Asia Pacific region over the last two years, accounting for more than half of global production and consumption, mainly to growth in the food and beverage and pharmaceutical industries. Europe has seen a rise in its market because of rising health concerns and a steadily expanding food and beverage industry. The saccharin market has grown in popularity because of customers’ changing lifestyles and preferences to reduce their sugar intake and encourage weight management.
Furthermore, some pharmaceutical and manufacturing businesses are taking initiatives to promote the use of saccharin as a synthetic sweetener, and an increase in health consciousness among customers linked with reduced calorie consumption is expected to boost global demand between 2021 and 2028. The market is expected to rise at a worldwide level due to increased investment and the launch of new saccharin products, as well as an increase in health-related disorders such as diabetes, obesity, and vitamin insufficiency. Furthermore, the surge in concerns about the harmful effects of sugar on health is propelling the worldwide saccharin market forward.
Best Procurement Practices
The saccharin industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of saccharin across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Saccharin is the first commercially available artificial sweetener, and it is still made from o-toluenesulfonamide and phthalic anhydride. O-chlorotoluene is used in another technique to make saccharin. Saccharin is a white crystal that dissolves at 228.8° to 229.7° C and is insoluble. Sodium and calcium saccharins, on the other hand, are white crystalline granules that are water-insoluble. It has a pH range of 2 to 7 and can withstand temperatures of up to 150° C. Because this artificial sweetener is non-nutritive and contains no calories, it is commonly used in diabetic foods and other low-calorie foods and beverages. Saccharin is also utilised in the pharmaceutical industry to coat tablets due to its long shelf life.
Key Supplier Profiles included in the Global Saccharin Industry Report
The key market players are Kaifeng Xinghua, Tianjin Changjie, PMC Specialties, Tianjin North Food, and Shanghai Fortune.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
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