The latest report by IMARC Group, titled “Saccharin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global saccharin market reached a value of US$ 260 Million in 2016. Saccharin, also known as Ortho-sulfobenzoic Acid Imide, is an artificial sweetener found in the form of a white crystalline powder that is about 300 times sweeter than sugar. It is made through the oxidation of o-toluene sulfonamide or phthalic anhydride, and its name has been derived from the word ‘saccharine’ which is used to describe something ‘overly sweet’. Saccharin is not soluble in water but usually blends with other sweeteners to compensate for their weaknesses and faults.
Highlights of the global saccharin market:
- Growing concerns regarding the consumption of sugar are expected to be the major demand drivers.
- Sodium saccharin is the most popular product type, holding the majority of the total market share.
- Asia Pacific represent the largest producer of saccharin, accounting for the majority of the global production.
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The numerous applications and benefits of saccharin have led to an increase in its demand globally. It is helpful for people with diabetes as it passes through the digestive system without being synthesized. Additionally, it does not affect the blood sugar levels or cause tooth decay since it is calorie-free like other non-nutritive sweeteners. Owing to this, it is extensively used in cosmetics and pharmaceuticals such as toothpaste, teeth whiteners and mouthwash; and sugar-free food products including dessert toppings, jams, jelly, salad dressings and canned fruit. Moreover, it is less expensive than the sugar and helps in the weight management, due to which it is highly recommended by dieticians for reducing and controlling weight. According to the report, the global saccharin market is further expected to reach a value of around US$ 260 Million, exhibiting a CAGR of more than 6% during 2017-2022.
On the basis of product type, the market is segmented into sodium, calcium and insoluble saccharin. Currently, sodium saccharin holds the majority of the total market share. On the basis of application, the food and beverage sector presently represents the largest application area of the saccharin. Other major sectors include table top sweetener, personal care and pharmaceuticals. Based on region, Asia Pacific currently holds the majority of the global saccharin market, followed by North America and Europe. On evaluating the competitive landscape of the market, it is found that the major saccharin producers are based in India and China.
The report by IMARC Group has examined the global saccharin market on the basis of:
Application:
- Food and Beverages
- Personal Care
- Pharmaceuticals
- Table Top Sweetener
Region:
- China
- India
- United States
- Europe
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Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
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