Saccharin Sweetener Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Granular, Powder Drivers, Liquid), By Application (Dairy, Beverages, Confectionary And Bakery, Processed Food, Others) And Geography - Forecasts From 2019 To 2024

The saccharin sweetener market is projected to grow at a CAGR of 5.78% to reach US$1.647 billion in 2024 from US$1.175 billion in 2018.

Saccharin sweetener refers to an artificial sweetener used as a sugar substitute, it also has an exceptional shelf life as compared to its competitive sweetener substitutes and is thought to be sweeter than sugar. According to the United States Food and Drug Administration, saccharin is 200 to 700 times sweeter than table sugar (sucrose), and it does not contain any calories. Aside from being used in the food and beverage industry, saccharin is also used in the pharmaceutical industry to sweeten medicines. It is also considered a cheaper substitute compared to its competitive sweeteners. Geographically, Asia Pacific is evaluated to hold a noteworthy market growth rate during the forecast period because of the quick urbanization as well as the rise in disposable income. The North American and the European regions hold a high share in the market on account of the high consumption of beverages, confectionaries, and nutritional and dairy products, which are some of the most notable areas where Saccharin is used.

DRIVERS
Increase in investment and research for sugar substitutes
Due to the non-nutritive value of saccharin, it is the perfect substitute for people aiming to lose weight.
The growing health-conscious population prefers low-calorie food options

RESTRAINTS
Availability of substitutes
Allergic reactions as well as health and safety concerns caused by saccharin
Stringent Government regulations

INDUSTRY UPDATE
In January 2019, Merisant Company, launched Sugarly Sweet Zero Calorie Sweetener made with aspartame or saccharin

Major industry players profiled as part of the report are B&G Foods, Inc., Cumberland Packing Corp., Kyung-In Synthetic Corporation, Penta International Corporation, Tianjin Changjie Chemical Co., Ltd., Jiangxi Dongxu Chemical Science And Technology Co., Ltd., Vishnu Chemicals Ltd., PMC Specialties Group, TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd., Kaifeng Xinghua Fine Chemical LTD.

Saccharin Sweetener Market Scope:

Segmentation

The Saccharin sweetener market has been analyzed through the following segments:

By Type
Granular
Powder
Liquid

By Application
Dairy
Beverages
Confectionary and Bakery
Processed food
Others

By Geography
North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others

Frequently Asked Questions (FAQs)

Q1. What will be the saccharin sweetener market size by 2024?
A1. The saccharin sweetener market is projected to reach a market size of US$1.647 billion by 2024. 

Q2. What are the growth prospects for the saccharin sweetener market?
A2. The global saccharin sweetener market is projected to grow at a CAGR of 5.78% during the forecast period. 

Q3. What is the size of the global saccharin sweetener market?
A3. Saccharin Sweetener Market was valued at US$1.175 billion in 2018. 

Q4. Who are the major players in the saccharin sweetener market?
A4. Major industry players profiled as part of the saccharin sweetener market report are B&G Foods, Inc., Cumberland Packing Corp., Kyung-In Synthetic Corporation, Penta International Corporation, and Tianjin Changjie Chemical Co., Ltd., among others.

Q5. Which region holds the largest market share in the saccharin sweetener market?
A5. Geographically, Asia Pacific is evaluated to hold a noteworthy share in the saccharin sweetener market rate during the forecast period because of the quick urbanization as well as the rise in disposable income.