Global Saccharin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Sodium Saccharin, Calcium Saccharin, Acid Saccharin), By Form (Granular, Powder), By End-User (Food & Beverage, Pharmaceutical, Personal Care, Cosmetics, Animal Feed, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Jun 2022
  • Report Code : KSI061611177
  • Pages : 117

The global saccharin market is expected to grow at a compound annual growth rate of 3.45% over the forecast period to reach a market size of US$1,792.178 million in 2027, from US$1412.991 million in 2020. 

Saccharin is an artificial chemical compound generally used as a flavoring agent and sweetener in food and beverages. Besides being used in the food and beverage industry, it is also used in cosmetics, pharmaceuticals, personal care products, and animal feed. Saccharin is available basically in the forms of Acid Saccharin, Sodium Saccharin, and Calcium Saccharin.

Market Trend

The growing health consciousness among the people and the rising awareness regarding the negative impact of high sugar consumption are expected to drive up the demand for saccharin in the coming years. Besides that, the growing pharmaceutical industry, powered by the increasing demand for personal care products like mouth wash, toothpaste, teeth whiteners, etc., is also expected to supplement the saccharin market growth. Also, the shelf life of saccharin is longer than that of sugar, which can positively affect its demand in the years to come.

The presence of a wide variety of other artificial sweeteners in the market can hamper the growth of the saccharin market in the coming years.

Growth Factors

  • Increasing Concerns regarding Health Consciousness to drive up the market:

With the change in people's living standards, health awareness has become a primary motive. This has severely affected sugar consumption due to the various health concerns associated with it, like a variety of diseases, including obesity, tooth decay, heart diseases, type 2 diabetes, certain cancers, non-alcoholic fatty liver disease, etc. According to WHO, diabetes was the ninth leading cause of death in 2019, and around 1.5 million deaths were directly caused by diabetes. Since Saccharin does not add to a person’s energy and contains no calories or carbohydrates, it has become a sugar substitute, especially for diabetic patients and people who want to lose weight. Saccharin is 300-500 times sweeter than sugar, so it has to be used in minimal amounts as a sweetener in food products. FDA-authorized saccharin to be used in the products like beverages, fruit juice drinks, processed foods, and as a sugar substitute for cooking and table use.

  • Saccharin in Personal care and Pharmaceutical Products:

Besides being highly demanded in the food and beverages industry, saccharin is also widely used in the pharmaceutical sector and personal care products as an artificial sweetener. Since medications are unpleasant to taste, different sweeteners like sodium saccharin are added to them to overcome this inconvenience. Also, since saccharin is not fermented into acid by the bacteria in the mouth, therefore its replacement for sugar can also help in reducing oral cavities, thus making it a sugar alternative in medicines, toothpaste, mouthwashes, vitamin syrups, etc.

Restraint

  • Presence of other Artificial Sweeteners in the market:

Although FDA and WHO mark Saccharin as a safe and no-risk product, some previous controversies regarding Saccharin being a potential carcinogen did affect its market. This made saccharin less popular compared to other artificial sweeteners like Aspartame, Acesulfame potassium, Neotame, Sucralose, etc. Therefore, the presence of many substitutes and high competition from them is expected to affect the market negatively in the long run.

Impact of COVID-19 Pandemic on the Global Saccharin Market:

With the onset of COVID-19 around the globe, almost every sector and industry in the economies suffered negatively. With the shutting down of industries and operations coming to a halt, the global demand for saccharin and related products was reduced. With the decline in the growth of the food and beverage industry, cosmetics, and personal care, the saccharin market was significantly affected.

Global Saccharin Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$1412.991 million
 Market Size Value in 2027  US$1,792.178 million
 Growth Rate  CAGR of 3.45% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Form, End-User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Kyung-In Synthetic Corporation, Productos Aditivos, S.A, Shree Vardayini Chemical Ind. Pvt. Ltd., Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co., Ltd., PMC Specialties Group Inc., Blue Jet Healthcare Pvt. Ltd., Salvi Chemicals Industries Ltd., Aviditya Chemicals and Pharmaceuticals
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Sodium Saccharin
    • Calcium Saccharin
    • Acid Saccharin
  • By Form
    • Granular
    • Powder
  • By End-User
    • Food & Beverage
    • Pharmaceutical
    • Personal Care
    • Cosmetics
    • Animal Feed
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • México
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • U.K.
      • Germany
      • France
      • Others
    • Middle East and Africa
      •  UAE
      • South Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Taiwan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

The global saccharin market is expected to reach a total market size of US$1,792.178 million in 2027.
The saccharin market is expected to grow at a CAGR of 3.45% during the forecast period.
Saccharin Market was valued at US$1412.991 million in 2020.
The saccharin market has been segmented by type, form, end-user, and geography.
The growing health consciousness among the people and the rising awareness regarding the negative impact of high sugar consumption are expected to drive the saccharin market.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation


2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. GLOBAL SACCHARIN MARKET ANALYSIS, BY TYPE
5.1. Introduction
5.2. Sodium Saccharin
5.3. Calcium Saccharin
5.4. Acid Saccharin


6. GLOBAL SACCHARIN MARKET ANALYSIS, BY FORM
6.1. Introduction
6.2. Granular
6.3. Powder


7. GLOBAL SACCHARIN MARKET ANALYSIS, BY END-USER
7.1. Introduction
7.2. Food & Beverage
7.3. Pharmaceutical
7.4. Personal Care
7.5. Cosmetics
7.6. Animal Feed
7.7. Others


8. GLOBAL SACCHARIN MARKET ANALYSIS, BY GEOGRAPHY 
8.1.  Introduction
8.2.  North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1.  U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Others
8.5.  Middle East and Africa
8.5.1. UAE
8.5.2. South Africa
8.5.3. Israel
8.5.4. Saudi Arabia
8.5.5. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. Australia
8.6.5. Taiwan
8.6.6. South Korea
8.6.7. Others


9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix


Kyung-In Synthetic Corporation

Productos Aditivos, S.A

Shree Vardayini Chemical Ind. Pvt. Ltd.

Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co., Ltd. 

PMC Specialties Group Inc.

Blue Jet Healthcare Pvt. Ltd.

Salvi Chemicals Industries Ltd.

Aviditya Chemicals and Pharmaceuticals