The market for sodium saccharin is anticipated to expand at a CAGR of 4.7% during the anticipated forecast period, according to research from Future Market Insights. By 2032, the market is expected to have grown from a value of USD 5,479.5 million to one of USD 8,673.8 million. The market for sodium saccharin was valued at USD 5,278.9 Mn by the end of 2021, and 3.8% Y-o-Y increase is predicted for 2022.
Sodium Saccharin Market Overview
Sodium saccharin is an artificial sweetener that is sweeter than normal sugar. Sodium saccharin is also less expensive than normal sugar and has several health benefits. It is the most trending product as it has a high level of sweetness due to its stable nature, compatibility and it has no side effects. Sodium saccharin is mainly used by diabetic patients as it does not fluctuate sugar levels in the human body and does not add any nutritional value to the body.
It is also used to manufacture animal feed. In the coming years, the food and beverage industry will be a major factor in the growth of the sodium saccharin market. Sodium saccharin is normally used in sugar-free products such as confectionaries, chocolates, etc. Changing dietary habits of consumers and health-conscious consumers in emerging markets will lead to an increase in the demand of sodium saccharin market.
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Sodium Saccharin an Emerging Sweetener
Many sweeteners have high production costs making it difficult for the food and beverage industry to include various sweeteners in the ingredients. Sodium saccharin is a considerable low-cost sweetener which food and beverage industry can opt for. Sodium saccharin is also used in pharmaceutical and cosmetic sectors.
Sodium saccharin has a wide range of application which help it drive the global market. Also, in the emerging markets, the per capita income is on the rise and has increased the sales of processed foods, and ready-to-eat food consumption has also increased.
This, in turn, is increasing the use of sodium saccharin in the emerging markets as it is cost-effective and provides a similar taste. As people become more aware and aware of their health, the demand for sodium saccharin and sugar-free products is increasing, boosting the market growth.
Food processing companies manufacture low-calorie and sugar-free products as their main products, which in turn help to stimulate the growth of the sodium saccharin market. As a result, food producers across various end-use industries, such as bakery, confectionery, and dairy, have started to use sodium saccharin to manufacture their food products, as it can be used along with other sweeteners.
Due to these factors, there is a growing demand for sodium saccharin from end-use industries, which is expected to promote the growth of the global sodium saccharin market in the years to come.
Sodium Saccharin: Key Players
Some the key players operating their business in the global Sodium Saccharin market are-
- JMC Saccharin
- Niran BioChemical
- Shree Vardayini Chemical
- Gremount International
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JMC saccharin has self-produced OTSA (Ortho-Toluene sulfonamide) a chemical which helps to produce highest quality sodium saccharin
Opportunities for Sodium Saccharin Market Participants
The emerging-markets are experiencing growth in the economic conditions and change in the lifestyles have increased the demand for packed food. The changing preference for low calories and zero sugar food products are driving the sodium saccharin market. Innovation in sugar-free foods for diabetes patients and health-conscious consumers adding growth in the diet beverages market is projected to drive the sodium saccharin market.
Europe is expected to rise even faster in the sodium saccharin industry, considering the growing consumer perception of healthy food products and the strict food safety regulations in the country. This adds to a rise in the demand for sodium saccharin in the food industry.
In the past two years, European governments have actively introduced numerous lifestyle change programs by implementing innovative healthier food products that can reduce obesity, cholesterol, and diabetes. This promotion is expected to raise the demand for sodium saccharin, which leads to the rise of sodium saccharin on the market.
Beverages in which sodium saccharin is used are sold through a wide range of distribution channels. These products have been increasingly supplied globally through hypermarkets, supermarkets, and convenience stores, with a strong presence of sodium saccharin products throughout the region. Foodservice providers, hotels, and restaurants are expected to be key channels for boosting the growth of sodium saccharin worldwide.
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The Sodium Saccharin market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the Sodium Saccharin market, including but not limited to regional markets, nature and application.
The study is a source of reliable data on
- Sodium Saccharin market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg Poland and Russia)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- East Asia (China, Japan, South Korea)
- Oceania (Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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The Sodium Saccharin market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Sodium Saccharin market report projects the attractiveness of segments like extract type and application,
Sodium Saccharin: Market Segmentation
Based on extract type, global Sodium Saccharin can be segmented as: –
- Food Grade Sodium Saccharin
- Pharma Grade Sodium Saccharin
- Industrial Grade Sodium Saccharin
Based on application, global Sodium Saccharin can be segmented as: –
- Food and Beverage Industry
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