The global saccharin market size has the potential to grow by USD 77.9 million during 2019-2023. The market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (food and beverages, and personal care, pharmaceuticals, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Cumberland Packing Corp., Kaifeng Xinghua Fine Chemical Ltd., Merisant Co., PMC Specialties Group Inc., Shanghai Merry young Enterprise Co. Ltd.
Market Overview
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Market Competitive Analysis
The saccharin market is fragmented, and the degree of fragmentation will increase during the forecast period. Vendors are focusing on introducing private label brands for premiumization of products, which will increase their consumer base. Cumberland Packing Corp., Kaifeng Xinghua Fine Chemical Ltd., and Merisant Co. are a few of the significant market participants. Though the market’s growth will offer immense business opportunities, possible health issues due to saccharin will challenge the growth of the vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this saccharin market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. This saccharin market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading saccharin companies, including:
- Cumberland Packing Corp.
- Kaifeng Xinghua Fine Chemical Ltd.
- Merisant Co.
- PMC Specialties Group Inc.
- Shanghai Merry young Enterprise Co. Ltd.
Saccharin Market: Segmentation by Region
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APAC was the largest market for saccharin in 2018. The increasing number of people in APAC suffering from obesity and diabetes is accelerating business opportunities for vendors of the saccharin market in the region.
Almost 42% of the market’s growth will originate from APAC during the forecast period. Saccharin products are easily available in supermarkets, hypermarkets, online channels, and other mediums in APAC, contributing to the market growth in the region. China and India are the key markets for the saccharin market in the region. The market growth in this region will be faster than the growth of the market in other geographies over the forecast period.
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The food and beverage market segment involves the uses of saccharin in baked goods, jams, chewing gum, diet sodas, energy drinks, sports drinks, and others. Moreover, the increasing demand for low-calorie food and beverages will increase the use of zero-calorie sweeteners such as saccharin. These factors are increasing the revenue generation for vendors catering to the food and beverages market segment, contributing to the saccharin market size growth.
The growth of the market in the food and beverages segment is expected to be slower than the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the saccharin market size.
Saccharin Market: Key Drivers and Trends
The increasing demand for low-calorie sweeteners will be one of the primary growth drivers of the global saccharin market. The rising prevalence of obesity, overweight, and other associated health issues because of poor eating habits and lifestyle has spurred the demand for low-calorie food products and beverages. This has increased the demand for low-calorie sweeteners such as saccharin. The sweetening capacity of saccharin is not only much higher than that of sugar but also reduces the risk of health issues for consumers. The rising instances of health issues associated with obesity and overweight are compelling consumers to choose saccharin to cut down their calorie intake, which is driving sales for market vendors.
- The growing emphasis on the online sales of saccharin will be one of the critical saccharin market trends.
- Online retailing of saccharin promises additional discounts and easy delivery options, offering significant potential for the global saccharin market.
- Moreover, online retail stores also offer benefits in the form of convenient payment options to avoid billing queues in traditional retail outlets.
- These benefits offered by online stores may encourage more vendors to offer their saccharin through online channels.
- These factors will positively impact the saccharin market growth at a CAGR of close to 4% during the forecast period.
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Saccharin Market: Key Highlights of the Report for the Forecast Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the saccharin market during the next five years
- Precise estimation of the global saccharin market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the saccharin industry APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of saccharin vendors
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