Global Saccharin Market to Reach US$ 365 Million by 2024 | CAGR 5.6%
The global saccharin market has experienced moderate growth in recent years on account of rising marketing campaigns by manufacturers and growing applications of saccharin in industries such as food and beverage, pharmaceuticals, and personal care.
(EMAILWIRE.COM, June 26, 2019 ) According to the latest market research report by IMARC Group, titled “Global Saccharin Market Report and Forecast 2019-2024”, the global saccharin market reached a value of US$ 260 Million in 2018. Saccharin (C7H5NO3S), also known as benzoic sulfimide, refers to an artificial sweetener which is around 300 times sweeter than table sugar. It is produced through the oxidation of o-toluene sulfonamide or phthalic anhydride. Its name has been derived from the word ‘saccharine’ which is used to describe something ‘overly sweet’. It is commonly available in the form of white crystals or crystalline powder which are insoluble in water but mix well along with other sweeteners to compensate for their drawbacks. As saccharin is a non-nutritive sweetener, it is widely used by health-conscious consumers to monitor their weight and sugar intake.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/saccharin-market/requestsample
Market Trends:
Saccharin offers no caloric value, does not get metabolized and is excreted from the body unchanged. Moreover, it is less expensive than sugar and does not affect blood sugar levels or cause tooth decay. Owing to this, it is widely used in the preparation of sugar-free beverages and food products such as carbonated drinks, dessert toppings, jams, jellies, salad dressings and canned fruits. Apart from this, it also finds applications in the pharmaceutical industry to produce toothpaste, teeth whiteners, mouthwash and cough syrups wherein the presence of sugar may lead to spoilage. Additionally, as it assists in weight management, it is recommended by dieticians to reduce or control weight. Furthermore, manufacturers are introducing several marketing campaigns through different means including newspapers, televisions and the internet to increase product awareness amongst consumers. Looking forward, the market is projected to reach a value of US$ 365 Million by 2024, expanding at a CAGR of 5.6% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/saccharin-market
Market Segmentation:
Based on product types, the market has been segregated into sodium, calcium and insoluble saccharin. Currently, sodium saccharin holds the largest market share, representing the most popular product type.
On the basis of applications, the market has been divided into food and beverages, tabletop sweeteners, personal care products, pharmaceuticals, and others. Amongst these, the food and beverages segment accounts for the majority of the total market share.
Region-wise, the market has been segmented into China, India, the United States, Europe and Others. At present, China is the leading market, holding the majority of the global share.
The report includes a detailed analysis of the competitive landscape of the market. Some of the key players in the global saccharin market are Kaifeng Xinghua Fine Chemical Ltd., Shanghai Merry Yang Enterprise Co. Ltd., Tianjin North Food Co. Ltd., Hangzhou Focus Corporation, Blue Circle Organics Pvt. Ltd. And Vishnu Chemicals Limited.
Browse similar reports by IMARC Group
Global Bleaching Agents Market Report and Forecast: https://www.imarcgroup.com/bleaching-agents-market
Global Caustic Soda Market Report and Forecast: https://www.imarcgroup.com/caustic-soda-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/saccharin-market/requestsample
Market Trends:
Saccharin offers no caloric value, does not get metabolized and is excreted from the body unchanged. Moreover, it is less expensive than sugar and does not affect blood sugar levels or cause tooth decay. Owing to this, it is widely used in the preparation of sugar-free beverages and food products such as carbonated drinks, dessert toppings, jams, jellies, salad dressings and canned fruits. Apart from this, it also finds applications in the pharmaceutical industry to produce toothpaste, teeth whiteners, mouthwash and cough syrups wherein the presence of sugar may lead to spoilage. Additionally, as it assists in weight management, it is recommended by dieticians to reduce or control weight. Furthermore, manufacturers are introducing several marketing campaigns through different means including newspapers, televisions and the internet to increase product awareness amongst consumers. Looking forward, the market is projected to reach a value of US$ 365 Million by 2024, expanding at a CAGR of 5.6% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/saccharin-market
Market Segmentation:
Based on product types, the market has been segregated into sodium, calcium and insoluble saccharin. Currently, sodium saccharin holds the largest market share, representing the most popular product type.
On the basis of applications, the market has been divided into food and beverages, tabletop sweeteners, personal care products, pharmaceuticals, and others. Amongst these, the food and beverages segment accounts for the majority of the total market share.
Region-wise, the market has been segmented into China, India, the United States, Europe and Others. At present, China is the leading market, holding the majority of the global share.
The report includes a detailed analysis of the competitive landscape of the market. Some of the key players in the global saccharin market are Kaifeng Xinghua Fine Chemical Ltd., Shanghai Merry Yang Enterprise Co. Ltd., Tianjin North Food Co. Ltd., Hangzhou Focus Corporation, Blue Circle Organics Pvt. Ltd. And Vishnu Chemicals Limited.
Browse similar reports by IMARC Group
Global Bleaching Agents Market Report and Forecast: https://www.imarcgroup.com/bleaching-agents-market
Global Caustic Soda Market Report and Forecast: https://www.imarcgroup.com/caustic-soda-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
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IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results