Saccharin Sweetener Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Granular, Powder Drivers, Liquid), By Application (Dairy, Beverages, Confectionary And Bakery, Processed Food, Others) And Geography - Forecasts From 2019 To 2024
- Published : May 2021
- Report Code : KSI061612467
- Pages : 123
The saccharin sweetener market is projected to grow at a CAGR of 5.78% to reach US$1.647 billion in 2024 from US$1.175 billion in 2018.
Saccharin sweetener refers to an artificial sweetener used as a sugar substitute, it also has an exceptional shelf life as compared to its competitive sweetener substitutes and is thought to be sweeter than sugar. According to the United States Food and Drug Administration, saccharin is 200 to 700 times sweeter than table sugar (sucrose), and it does not contain any calories. Aside from being used in the food and beverage industry, saccharin is also used in the pharmaceutical industry to sweeten medicines. It is also considered a cheaper substitute compared to its competitive sweeteners. Geographically, Asia Pacific is evaluated to hold a noteworthy market growth rate during the forecast period because of the quick urbanization as well as the rise in disposable income. The North American and the European regions hold a high share in the market on account of the high consumption of beverages, confectionaries, and nutritional and dairy products, which are some of the most notable areas where Saccharin is used.
Increase in investment and research for sugar substitutes
Due to the non-nutritive value of saccharin, it is the perfect substitute for people aiming to lose weight.
The growing health-conscious population prefers low-calorie food options
Availability of substitutes
Allergic reactions as well as health and safety concerns caused by saccharin
Stringent Government regulations
In January 2019, Merisant Company, launched Sugarly Sweet Zero Calorie Sweetener made with aspartame or saccharin
Major industry players profiled as part of the report are B&G Foods, Inc., Cumberland Packing Corp., Kyung-In Synthetic Corporation, Penta International Corporation, Tianjin Changjie Chemical Co., Ltd., Jiangxi Dongxu Chemical Science And Technology Co., Ltd., Vishnu Chemicals Ltd., PMC Specialties Group, TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd., Kaifeng Xinghua Fine Chemical LTD.
Saccharin Sweetener Market Scope:
|Market size value in 2018||US$1.175 billion|
|Market size value in 2024||US$1.647 billion|
|Growth Rate||CAGR of 5.78% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||B&G Foods, Inc., Cumberland Packing Corp., Kyung-In Synthetic Corporation, Penta International Corporation, Tianjin Changjie Chemical Co., Ltd., Jiangxi Dongxu Chemical Science And Technology Co., Ltd., Vishnu Chemicals Ltd., PMC Specialties Group, TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd., Kaifeng Xinghua Fine Chemical LTD|
|Customization scope||Free report customization with purchase|
The Saccharin sweetener market has been analyzed through the following segments:
Confectionary and Bakery
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the saccharin sweetener market size by 2024?
A1. The saccharin sweetener market is projected to reach a market size of US$1.647 billion by 2024.
Q2. What are the growth prospects for the saccharin sweetener market?
A2. The global saccharin sweetener market is projected to grow at a CAGR of 5.78% during the forecast period.
Q3. What is the size of the global saccharin sweetener market?
A3. Saccharin Sweetener Market was valued at US$1.175 billion in 2018.
Q4. Who are the major players in the saccharin sweetener market?
A4. Major industry players profiled as part of the saccharin sweetener market report are B&G Foods, Inc., Cumberland Packing Corp., Kyung-In Synthetic Corporation, Penta International Corporation, and Tianjin Changjie Chemical Co., Ltd., among others.
Q5. Which region holds the largest market share in the saccharin sweetener market?
A5. Geographically, Asia Pacific is evaluated to hold a noteworthy share in the saccharin sweetener market rate during the forecast period because of the quick urbanization as well as the rise in disposable income.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SACCHARIN SWEETENER MARKET BY TYPE
6. SACCHARIN SWEETENER MARKET BY APPLICATION
6.3. Confectionary and Bakery
6.4. Processed Food
7. SACCHARIN SWEETENER MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. B&G Foods, Inc.
9.2. Cumberland Packing Corp.
9.3. Kyung-In Synthetic Corporation
9.4. Penta International Corporation
9.5. Tianjin Changjie Chemical Co., Ltd.
9.6. Jiangxi Dongxu Chemical Science And Technology Co., Ltd.
9.7. Vishnu Chemicals Ltd.
9.8. PMC Specialties Group
9.9. TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd.
9.10. Kaifeng Xinghua Fine Chemical LTD
LIST OF FIGURES
LIST OF TABLES
B&G Foods, Inc.
Cumberland Packing Corp.
Kyung-In Synthetic Corporation
Penta International Corporation
Tianjin Changjie Chemical Co., Ltd.
Jiangxi Dongxu Chemical Science And Technology Co., Ltd.
Vishnu Chemicals Ltd.
PMC Specialties Group
TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd.
Kaifeng Xinghua Fine Chemical LTD
|Report Name||Published Month||Get Sample PDF|
|Non-Sugar Sweeteners Market Size: Industry Report, 2023-2028||Feb 2023|
|Food Sweeteners Market Size & Share: Industry Report, 2022-2027||Sep 2022|
|Artificial Sweetener Market Size & Share: Industry Report, 2022-2027||Sep 2022|
|Natural Sweetener Market Size & Share: Industry Report, 2019-2024||Apr 2021|
|Global Sugar Market Size, Share & Trends: Industry Report, 2021-2026||Jul 2021|