Saccharin Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. The industry analysis report comprises of a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. The global Saccharin Market report includes all the company profiles of the major players and brands. Not to mention, this promotional business report is amazingly characterized with the application of several charts, graphs and tables depending on the extent of data and information involved.
Global saccharin market is expected to register a steady CAGR of 4.38% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing concerns regarding diabetes, obesity and health of the individuals.
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Few of the major competitors currently working in the global saccharin market are sodium saccharin-factory; TianJin North Food Co.,LTD; Blue Circle Organics Pvt. Ltd.; PMC Specialties Group; Salvi Chemical Industries Ltd.; Kyung-In Synthetic Corporation; Shree Vardayini Chemical Ind. Pvt. Ltd.; Aviditya Chemicals & Pharmaceuticals; PT. BATANG ALUM INDUSTRIE; Newseed Chemical Co., Limited; Spirochem Lifesciences Pvt Ltd.; DK Pharmachem; Heartland Food Products Group; TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd.; Jiangxi Dongxu Chemical Science And Technology Co., Ltd.; Penta Manufacturer and Muby Chemicals among others.
Market Definition: Global Saccharin Market
Saccharin can be defined as a chemically formulated artificial sweetener which has zero or no amount of nutritional value essentially that mean it contains no amount of calories, although containing around 300-400 more sweeting capabilities than sucrose. This product is majorly utilized in a number of beverages, pharmaceuticals, and various food products as the limited amount of this is significantly more effective than its alternatives.
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Global Saccharin Market Segmentation:
Saccharin Market : By Form
Saccharin Market : By Product Type
- Insoluble Saccharin
Saccharin Market : By Application
- Food & Beverages
- Agrochemicals & Chemicals
- Dietary Supplements
- Table-Top Sweeteners
- Personal Care & Cosmetics Products
- Electroplating Solutions
Saccharin Market : By Distribution Channel
- Business-To-Business (B2B)/Direct Sales
- Business-To-Consumers (B2C)/Indirect Sales
Saccharin Market : By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Saccharin Market :
- In April 2019, Omkar Speciality Chemicals Ltd. announced that they had received a specialty patent from the “Intellectual Property” division of Government of India for the production of sodium saccharin (2, 3- Dihydroxy-1,2- benzisothiazol-3-one-1,1-dioxide). The process is an eco-friendly and safe production service, resulting in better environmental awareness of the product.
- In January 2019, Merisant, the maker of Equal announced that they had agreed with Amazon for the launch and distribution of their sugar substitute brand, “Sugarly Sweet” consisting of innovatively created artificial sweeteners available in different sizes and varieties. The brand will exclusively be available on Amazon due to their strategy of “Manufacturer Accelerator Program”.
Saccharin Market Drivers:
- Increasing initiatives undertaken by various pharmaceutical and manufacturing organizations to promote the usage of saccharin as an artificial sweetener; will augment the growth of this market
- Changes in the lifestyle and preferences of the consumers to reduce their sugar intakes and promote weight management; is expected to drive the market growth
- Rising health consciousness among the consumers related to low calorie or carbohydrate intake drives the market growth
- Increase purchase power of the consumer in the North America and European region with the expansion of food and beverage industry
Saccharin Market Restraints:
- Concerns regarding effects on the health of individuals causing side effects such as headache, diarrhea, allergies and others is expected to restrains the market growth
- Lack in preference of the product due to the metallic taste of the product if used in high concentration; this factor is expected to restrain the growth of the market
Competitive Analysis: Global Saccharin Market
Global saccharin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of saccharin market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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