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The global saccharin market stood at a value of around USD 1.32 billion in 2023. The market is expected to grow at a CAGR of 1.4% in the forecast period of 2024-2032, to attain a value of about USD 1.50 billion by 2032.
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Rising concerns about the negative effects of sugar on health have resulted in saccharin occupying a significant share in the food and beverage industry. It is expected that sectors such as cosmetics and personal care, electroplating, health & fitness, food & beverage and pharmaceuticals would drive the growth of this market at a CAGR of 2.3% during 2024-2032.
Saccharin is an organic petroleum-based compound which is 300-500 times sweeter than sucrose and used as an artificial sweetener in products such as cookies, medicines, soft drinks and candies.
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It contains no food energy and finds applications in:
Sodium saccharin is majorly used in foods and is relatively cheaper than sugar. This, along with rising global health awareness, has positively affected the market growth.
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By product type, the market is categorized into sodium saccharin, soluble saccharin, insoluble saccharin and calcium saccharin. By form, it can be categorized as granular and powder.
The food & beverages sector has been the largest consumer so far. Other prominent sectors include table top sweeteners, personal care, pharmaceuticals, etc. In the near future, the food & beverages sector would maintain this position due to the increasing disposable income of consumers and their growing preference for low-calorie foods. Demand from companies engaged in the manufacturing of anaerobic adhesives, pesticides, herbicides and insecticides is also anticipated to provide impetus to the market growth.
The Asia-Pacific region has witnessed the highest growth over the last two years and comprises more than half of the global production and consumption. Growth in the food & beverage and the pharmaceutical sectors in this region are projected to drive the market growth. China, India and Korea are expected to be the leading producers in the coming years. Europe has also been a growing market due to rising health concerns and its steadily expanding food & beverage industry. A detailed regional analysis and outlook on the market performance including the price movement are offered in the report.
The report presents an analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global market:
EMR’s comprehensive report on the global saccharin market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global saccharin market reached a value of almost USD 1.32 billion in 2023.
The market is projected to grow at a CAGR of 1.4% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 1.50 billion by 2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising demand from the food and beverage sector.
The rising demand in the manufacturing of anaerobic adhesives, pesticides, herbicides, and insecticides is expected to be a key trend guiding the growth of the global saccharin market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The major types of the product in the industry are calcium saccharin, sodium saccharin, and insoluble saccharin.
The food and beverages sector accounts for the largest market share, among other application segments in the industry.
The leading players in the global saccharin market are HENAN KAIFENG PINGMEI SHENMA XINGHUA FINE CHEMICAL CO., LTD., PMC Specialties Group, Inc., Shanghai Fortune Chemical Co., Ltd., Salvi Chemical Industries Ltd., Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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