Saccharin Market

Saccharin Market Value and Growth (2023-2028):

Saccharin Market was worth US$ 1.27 billion in 2023 to reach a valuation of US$ 1.40 billion by 2028 with a CAGR of 1.7% during 2023-2028.

Saccharin Market Overview:

Saccharin is a type of artificial sweetener that is 300–400 times sweeter than sucrose. Although its name suggests a sweet flavor, it has a metallic aftertaste. Blending it with cyclamate usually masks the harsh aftertaste. Saccharin has a low water solubility and is considered a heat-stable substance. Transforming it to its sodium saccharin salt form improves this property. The growing use of saccharin to sweeten a variety of products, including pharmaceuticals, candies, beverages, and cookies, is expected to boost the global market.

REPORT COVERAGE:

Saccharin Market Drivers:

Manufacturers are increasingly using saccharin as an ingredient in a variety of items, including dessert toppings, baked goods, fruit juice drinks, and cookies, as customers become more health-conscious. Because this substance has a longer shelf life than sugar, it is becoming increasingly popular in end-use sectors. It's also utilized in the pharmaceutical business to make teeth-whitening products, mouthwash, cough syrups, and toothpaste. It's also utilized in vitamin supplement manufacturing. The increased prevalence of a variety of chronic ailments is expected to increase demand for nutritional and health supplements, propelling the saccharin market forward.

Saccharin Market Restraints:

Because saccharin was banned in the 1970s, many diet drink producers switched to aspartame as a sweetener. Large levels of saccharin can disrupt the bacterial equilibrium in a person's intestines. Obesity, cancer, and type 2 diabetes can all be caused by microbial alterations in the gut. Saccharin sales may fall throughout the review period as a result of the aforementioned considerations.

Recent Developments in the Global Saccharin Market:

In September 2018, Cargill introduced a new line of sweeteners called EverSweet which uses extracts from a plant called stevia to artificially sweeten food and offer zero calories.

Saccharin Market Segmentation: 

By Form:

• Dry

• Liquid

When segmented by form, the dry dominated in this segment, this market share came predominantly from the demand from the food and beverages sector as dry saccharin is easier to store and transport and it also has a longer shelf life than its counterpart, the liquid saccharin. Production of and other overhead costs of dry saccharin is also easier when compared to its counterpart, the liquid saccharin. All of these reasons give rise to the higher demand of dry saccharin.

By End Use:

• Food & Beverages Industry

• Cosmetics Industry

• Pharmaceutical Industry

• Animal Feed Industry

• Industrial Activities

The End-Use segment was divided into Food & Beverages Industry, Cosmetics Industry, Pharmaceutical Industry, Animal Feed Industry and for Industrial Purposes. In this, the segment which took the largest market share was the food and beverages industry. As the demand for sweeter and calorie-free processed food options which include jams, sauces, etc. as well as beverages like Coke and Pepsi is increasing, the market is maturing. This is why we see the market dominated by Food & Beverages in the saccharin market industry.

By Type:

• Sodium Saccharin

• Calcium Saccharin

The Type segment was divided into Sodium Saccharin and Calcium Saccharin. In this, the segment which took the larger market share was Sodium Saccharin. Usually, in beverages like Coke, sodium saccharin is used, however, it leaves a bitter aftertaste because of which they also use another sweetener generally aspartame to cut out the aftertaste. The reason why sodium saccharine holds the larger market share is that Sodium saccharin is heat stable while being 300 times sweeter than sugar, this meant that it could be used in food products that required cooking or baking and still maintain its taste and flavor. Also, the demand for sodium saccharin is still rising steadily as more and more people are adopting a healthier lifestyle and they opt for diet coke over regular coke to cut down on sugar. These is the saccharin market trends we see with regard to the distribution channel.

Saccharin Market Regional Analysis: 

The Global Saccharin Market Report includes the segmentation of Regions:

• North America

1. The U.S.

2. Canada

3. Mexico

Increased awareness of the product's availability in Canada and the United States is expected to boost the North American saccharin market share in the coming years. Another important reason that is likely to bode well for the regional market is the rising prevalence of diabetes and hyperglycemia in this region. According to the Centers for Disease Control and Prevention (CDC), diabetes affected over 34.2 million Americans of all ages in 2018. In the same year, around 34.1 million adults aged 18 and up were diagnosed with diabetes. During the evaluation period, these figures are predicted to increase at a rapid rate, increasing the North American market., the market is expected to grow at a steady X.X% during the forecasted period

• Europe

1. The U.K.

2. France

3. Germany

4. Netherlands

5. Russia

6. Italy

The European Union (EU) Increased demand for sweeteners is driving the European saccharin market. The sector in the region is being boosted by increased consumer health concerns as a result of the region's rising obesity and diabetes rates. Obesity affected approximately a quarter of the population in the United Kingdom in 2017. The European saccharin sector will benefit from the rising market for energy drinks and low-calorie drinks.

Germany's saccharin business, which is the largest in Europe, the Middle East, and Africa, is fueled by the country's burgeoning food and beverage sector. The food and beverage business is the country's fourth largest industry. Germany is Europe's largest soft drinks market, with an average per capita soft drink consumption of 116 litres in 2017. Soda drinks led the non-alcoholic drinks market in 2017. Energy drinks and fizzy fruit juices have also seen a substantial increase in popularity. With an annual consumption of 162 litres of coffee per capita, Germany is also a significant coffee consumer on the continent. Due to increased levels of innovation, the confectionery and snack section of the German food and beverage industry is seeing strong growth. Confectionery and snack manufacturing totaled EUR 11.9 billion in 2017. The saccharin sector in Germany is being supported by the rise of these categories within the country, with saccharin finding usage in food and beverage segments such as soda, confectionery, and other beverage goods.

Over a fifth of the world's low-calorie sweetener use was consumed in Europe. Because it is a net importer of sugar, the continent relies on sugar replacements to supply its sweetener needs. The saccharin sector benefits from the growing use of low-calorie sweeteners throughout the continent. Germany is the continent's second-largest importer of saccharin.

• Asia Pacific

1. India

2. China

3. Japan

Developing nations are paying more attention to their dental health as they become more aware of the different hazards linked with diabetes, leading to the highest saccharin market growth They're also focusing on weight-loss programs, which is expected to drive the Asia Pacific saccharin market forward in the future years.

Due to the rising prevalence of obesity in India and China, demand for artificial sweeteners such as saccharin is expected to increase in Asia Pacific. Furthermore, the regional market is likely to be driven by the increasing number of new product releases by key competitors.

• Middle East and Africa

1. Saudi Arabia

2. South Africa

3. UAE

Saccharin's market growth in the Middle East and Africa is further aided by the region's expanding food and beverage sector. Due to changing consumer habits and rising budgets, Saudi Arabia is one of the region's top food and beverage markets. While the food and beverage sector in Saudi Arabia is predicted to grow at an annual rate of 8.8% until 2021, the food and beverage sector in South Africa and the United Arab Emirates is expected to increase at a rate of 5.6 percent.

 Saccharin Market Key Players:

1. Cargill

2. PureCircle Ltd.

3. Sigma Aldrich

4. PT Batang Alum Industrie

5. KISCO (Kyung-In Synthetic Corporation)

6. Jet Chemicals Pvt. Ltd.

7. Spirochem Lifesciences Pvt. Ltd.

8. PMC Specialties Group Inc.

9. Cumberland Packing Corp.