Why the Saccharin Market is set to explode? | Top Key Players are Salvi Chemicals, Productos Aditivos, Shree Vardayini, DK Pharmachem

Based on the product type, the Saccharin Market is categorized into insoluble and soluble saccharin. 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.

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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.

The key participants in the Saccharin Market include:

1. PMC Specialties Group
2. Salvi Chemicals
3. Productos Aditivos
4. Kyung-In Synthetic Corporation (KISCO)
5. Shree Vardayini
6. Vishnu Chemicals
7. Aviditya Chemicals & Pharmaceuticals
8. PT. Batang Alum Industrie
9. Tianjin Changjie Chemical Co. Ltd
10. Tianjin North Food Co. Ltd

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 Saccharin Market 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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Asia-Pacific is depicted to have maximum growth and held more than half of saccharin market share in production as well in consumption. The expanse in food & beverage sector and pharmaceutical industry in this region will escalate the growth of the industry. China is expected to lead the production of saccharin in upcoming years, followed by India and Korea. Europe is also emerging as a fastest growing region due to rapid increasing health concerns and a steady growth in the regional food & beverage industry.

Saccharin Market Size is likely to witness a healthy demand from 2019 to 2025 owing to rising instances in diabetes and growing health concern around the globe.

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