PDF for Saccharin Market

Saccharin Market Application, Industry Outlook,
Competitive Industry Share & Forecast, 2017 – 2024:
Global Market Insights, Inc.
Saccharin Market Size is likely to witness a healthy demand from 2016 to 2024 owing
to rising instances in diabetes and growing health concern around the globe.
Saccharin is an artificial sweetener which is 300 to 500 times sweeter than sugar with
zero calories. It is unrivalled among all other high sweetener intensity products owing
to its stability, cost effectiveness, compatibility and absence of side effects. The
product is mainly used by diabetic patients as it doesn’t spike the sugar level of the
body and is easily removed from the body without being absorbed through renal
defecation, adding no nutritional value to the body. Furthermore, it is used as an
intermediate product to manufacture agrochemicals, animal feedstock, etc.
Food & beverage industry will be a major quotient for saccharin market growth
owing to rising health concern and upgrading lifestyle of people around the world. It
is usually used in low calorie or sugar free products such as candies, cookies, jams,
tea, coffee, etc. which will propel the growth of saccharin market in coming years.
Changing dietary preferences of consumer and health consciousness in developing
countries will lead to an increase in demand during the forecast timeframe.
Increase in health-related problems such as obesity, diabetes, vitamin deficiency, etc.
will augment the pharmaceutical industry development which will in turn lead to the
product market growth. According to WHO report in 2015, the prevalence of obesity
and diabetes has almost quadrupled since 1980. The use of saccharin as a coating to
alter the bitter taste of medicines such as calcium tablets, chewable multivitamin
tablets, etc. will propel the market growth.
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Market research reports: Key analytical components
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Based on the product type, the market is categorized into insoluble and soluble
saccharin market. Insoluble saccharin includes acid saccharin which is used mostly in
pharmaceutical industry and is slightly soluble in water. Soluble saccharin is
segmented as sodium and calcium saccharin. Sodium saccharin has wide spectrum of
application which include coating on drugs, electroplating fluid to coat metals such as
nickel and gold, table top sweeteners, etc. It is expected that sodium saccharin will
account for a major chunk of market share owing to its excessive use in food and
beverage, personal care & cosmetics, pharmaceuticals, electroplating solutions
industry, etc.
Based on form, the market is bifurcated as granular form and powder form. The
powder form is dry mix in substances such as in pharmaceutical industry, cosmetic
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industry etc. and is likely to account for a significant share of the overall industry
during the forecast period.
On end-user basis, the market is categorized into food & beverage, pharmaceuticals,
personal care & cosmetics, agrochemicals & chemicals, electroplating solutions, and
others such as animal nutrition, tobacco, etc. Among all, the global product market is
likely to be led by food & beverage end-user segment owing to increase in disposable
income of the consumer and shifting preference towards low calorie food. The use of
product as a catalyst in the manufacturing of anaerobic adhesives and intermediate
chemicals in the production of pesticides, insecticides and herbicides in agrochemical
& chemical industry will also stimulate the market in upcoming years.
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The key participants in the market include PMC Specialties Group, Salvi Chemicals,
Productos Aditivos, Kyung-In Synthetic Corporation (KISCO), Shree Vardayini. Some
other notable participants are Vishnu Chemicals, Aviditya Chemicals &
Pharmaceuticals, PT. Batang Alum Industrie, Tianjin Changjie Chemical Co. Ltd, Tianjin
North Food Co. Ltd, Newseed Chemical Co., Limited, Kaifeng Xinghua Fine Chemicals
ltd, Shanghai Fortune Chemical Co. Ltd, Spirochem Lifesciences Pvt. Ltd., DK
Pharmachem.
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