Dallas, Texas, Oct. 14, 2022 (GLOBE NEWSWIRE) -- The primary factor driving the global saccharin market's expansion is the consumer population's quick shift in lifestyle and tastes to reduce sugar consumption and support weight control. Likewise, the rise in initiatives taken by various pharmaceutical and manufacturing organizations to promote the use of saccharin as an artificial sweetener and the rise in consumer health consciousness regarding low-calorie or carbohydrate intake are also anticipated to increase the overall demand for the saccharin market over the forecast period. Also, the large food industry's investments in and introduction of saccharin-based goods as well as the growth in health-related issues including obesity, diabetes, and vitamin insufficiency are anticipated to be the main drivers of the saccharin market globally. The global saccharin industry is expanding as people's concerns about the harmful effects of sugar on their health grow. The global saccharin market was valued at around USD 7.9 billion and is anticipated to increase at a CAGR of 8.4% during the forecast period to reach about USD 12.86 billion by 2032.
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Artificial sweeteners are in more demand as a result of consumers' growing health awareness of the harmful effects of consuming sugar. Since saccharin is less expensive than the majority of other sweeteners, it is widely used in end-use industries. Saccharin usage is crucial for diabetics and other individuals who need to follow a diet that restricts their consumption of calories or carbohydrates. Most medical professionals also support using non-caloric sweeteners like saccharin to help people lose weight.
The artificial sweetener saccharin is thought to be between 300 and 400 times sweeter than sucrose. Despite what its name might imply, it leaves a metallic taste in the mouth. This unpleasant aftertaste is generally concealed by mixing it with cyclamate. Saccharin is a chemical that is supposed to be heat stable and barely soluble in water. This quality can be improved by using the sodium saccharin salt version of the substance. The global market is anticipated to gain from the increased usage of saccharin to sweeten a range of goods, including medications, candies, beverages, and biscuits. It is offered in granular or liquid form. Two tablespoons of sugar are equivalent in sweetness to one serving of saccharin.
Report coverage & details:
| Report Coverage | Details |
| Base Year | 2022 |
| Historical Data | 2021-2022 |
| CAGR | CAGR of 8.4% during 2022-2032 |
| Segment Covered | Type, Form, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Kaifeng Xinghua, PMC Specialties, Two Lions, Salvichem, Shree Vardayini, Tianjin Changjie, Tianjin North Food, Shanghai Fortune, PT. Batang Alum, JMC, Productos Aditivos, Vishnuchrome, Aviditya Chemicals, D K and PT. GOLDEN SARI. |
Consumers in the food and beverage industry have been the biggest so far. Personal care, medicines, and tabletop sweeteners are some more well-known industries. Due to customers' rising disposable income and growing preference for low-calorie items, the food and beverage industry is likely to maintain its current position in the foreseeable future. It is also projected that demand from businesses involved in the production of pesticides, herbicides, insecticides, and anaerobic adhesives will fuel market expansion.
More than half of the world's production and consumption are concentrated in the Asia-Pacific region, which has experienced the fastest growth over the last few years. The pharmaceutical and food & beverage industries are expected to grow quickly in this region, driving market expansion. The top manufacturers in the upcoming years are anticipated to be China, India, and Korea.
For instance, the Ohio State University Wexner Medical Center found in January 2022 that healthy persons did not develop glucose intolerance or have their gut microbiome altered by saccharin. Key players would be assisted in raising sales by the growing number of such research efforts.
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Table Of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Competitive Landscape
5. By Type, 2022-2032 (USD Million)
• Sodium Saccharin
• Calcium Saccharin
• Acid Saccharin
6. Based on form, 2022-2032 (USD Million)
• Granular
• Powder
7. By Technology, 2022-2032 (USD Million)
• Food and Beverages
• Personal Care
• Pharmaceuticals
• Table Top Sweetener
• Dietary Supplements
• Cosmetics & Personal Care
• Industrial
• Animal Feed
• Others (Jams, Thinned Fruit, etc.)
8. Regional Overview, 2022-2032 (USD Million)
9. Company Profiles
10. Appendix
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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