Industry Background:
Saccharin is a sweet test compound generally used in food products such as candies, cookies, drinks, and medicines. It is used as a substitute for sugar. It is about 300–400 times as sweet as sucrose but has a bitter or metallic aftertaste, particularly at high concentrations. Initially a couple of decades ago, due to upsurging side effects of saccharin, it was banned in the number of the region with increasing technological developments the saccharin market will project significant demand over the forecasting years.
According to AMA, the market for Saccharin is expected to register a CAGR of 3.17% during the forecast period to 2026. This growth is primarily driven by Increasing use of Sachharin in the Pharmaceutical Sector to Combat with Drugs Tastes and Growing Restrictions of Calories or Carbohydrate Intake for Diabetic Patients.
Globally, a noticeable market trend is evident Increasing Demand for LCS (Low Calorie Sugars)
. The Food Products sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as PMC Specialties Group (United States), Salvi Chemicals (India), Productos Aditivos (Spain), Kyung-In Synthetic Corporation (KISCO) (Korea), Shree Vardayini Chemical Ind. Pvt. Ltd. (India), Vishnu Chemicals Ltd. (India), Aviditya Chemicals & Pharmaceuticals (India), PT. Batang Alum Industrie (Indonesia), Tianjin Changjie Chemical Co. Ltd (China) and Tianjin North Food Co. Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On December 7th, 2018, a leading company in the Korean dye industry “KISCO” which has been expanding its activities to various other business fields, has been awarded by the Ministry of Resources the top prize recognizing 100 million USD in exports.
Regulatory Insights:
According to FDA’s Code of Federal Regulations Title 21, “The food additives saccharin, ammonium saccharin, calcium saccharin, and sodium saccharin may be safely used as sweetening agents in food in accordance with the condition such as; if the substitution for nutritive sweeteners is for a valid special dietary purpose and is in accord with current special dietary food regulations and policies or if the use or intended use is for an authorized technological purpose other than calorie reduction”
Market Drivers
- Increasing use of Sachharin in the Pharmaceutical Sector to Combat with Drugs Tastes
- Growing Restrictions of Calories or Carbohydrate Intake for Diabetic Patients
Market Trend
- Increasing Demand for LCS (Low Calorie Sugars)
- Changing Dietary Preferences of Consumer and Increasing Health Consciousness
Restraints
- Bitter or Metallic Taste of Saccharin When Used at High Concentration
- Side Effects or Allergic Reaction on Consumption such as Diarrhea, Headache, Breathing and Skin Problems
Opportunities
Upsurging Prevalence of Obesity and Diabetes and Growing Technological Advancements in Saccharin Production to Minimize the Side Effects
Challenges
Inviable Consumption in Case of Pregnant Women, Children and Infants
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Saccharin Study Sheds Light on
The Saccharin Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Saccharin industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Saccharin industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.