Saccharin Market - Forecasts from 2024 to 2029

The global saccharin market is estimated to be around US$1.68 billion in 2024 and is anticipated to grow to US$2.00 billion by 2029 at a CAGR of 3.60%.

Saccharin is a form of an artificial chemical compound, which is generally used as a flavoring agent and sweetener in food, beverages, and nutritional ingredients. Apart from the food and beverage industry, saccharin compound is also used in multiple industries, like cosmetics, pharmaceuticals, personal care products, and animal feed. This chemical compound is generally available in Acid Saccharin, Sodium Saccharin, and Calcium Saccharin.

The growing health consciousness among the global population and the rising awareness about the negative impact of high sugar consumption are forecasted to boost the demand for the saccharin compound in the forecasted timeline. Similarly, the growth of the pharmaceutical industry and increasing demand for personal care products like mouthwash, toothpaste, and teeth whiteners, among others, are also expected to propel the demand for saccharin in the market.

Similarly, the increasing global cases of diabetes are estimated to positively boost the market for saccharin worldwide. Various artificial sweeteners, including saccharin, are found to be safe and helpful for patients with diabetes.

One of the major challenges to the global saccharin market's growth is the presence of a wide variety of other artificial sweeteners. Multiple categories of artificial sweeteners, which can be produced artificially or using natural products, are available in the global market, and they are estimated to hamper the saccharin market’s growth.

Global Saccharin Market Drivers:

Growth in the global cases of diabetes.

The rise in diabetes cases among the global population is expected to boost the market demand for saccharin compounds during the forecasted timeline. Diabetes.co.uk, an organization that focuses on diabetes in the United Kingdom, stated that saccharin is found to be helpful for patients suffering from diabetes. When consumed, saccharin goes directly to the human digestive system without being digested by the body. The compound also triggers insulin release in the human body, and it has no food energy.

The global cases of diabetes have soared significantly in recent years, which can majorly be attributed to the rising consumption of packed and preservative-added products. The US Center for Disease Control and Prevention, in its National Diabetes Statistics Report, which was published in May 2024, stated that about 38.4 million, or about 11.6% of the US population have diabetes, which consists of about 29.7 million population, who are diagnosed with the disease, whereas about 8.7 million undiagnosed people in the nation. The report further stated that in the nation, a total of 97.6 million of the population above or aged 18 years have prediabetic symptoms, whereas 27.2 million or 48.8% of the population above the age of 65 years are prediabetic.

Global Saccharin Market Restraint:

Availability of alternate artificial sweeteners in the market.

One of the major restraints in the global saccharin market is estimated to be the presence of a wide variety of alternate artificial sweeteners. In the global market, various types of artificial sweeteners, apart from saccharin, are available. For instance, artificial sweeteners like Aspartame, Acesulfame potassium, Neotame, and Sucralose attain a significant share in the global artificial sweetener industry. They are also used across multiple industries, similar to that of saccharin. Saccharin was deemed safe and a no-risk product by multiple health regulation boards and organizations, including the US Food and Drug Administration (FDA) and the World Health Organization (WHO). However, various controversies related to saccharin, including saccharin being a potential carcinogen, affected the market share of the products.

Global Saccharin Market Geographical Outlook

Asia Pacific is anticipated to hold a significant share of the Global Saccharin Market.

The Asia Pacific region is expected to witness a major boost in the global saccharin market growth during the forecast period. The region is among the biggest producers and consumers of the global food and beverage industry and also offers a rapidly developing pharmaceutical and nutritional industry. The growth of the food and beverage industry in the region is expected to boost the market demand for saccharin, as it is used as an artificial sweetener. India Brand Equity Foundation, in its report, stated that in 2021, the Indian food processing industry was recorded at about US$590 billion, which grew significantly to about US$866 billion in 2022. Similarly, the food processing industry of multiple regional countries, like Japan, Malaysia, Bangladesh, and Vietnam, has also witnessed a significant rise in market demand. The food and beverage industry is further expected to witness a significant increase in its market demand, with the increase in the region's population. Countries like India and China are among the biggest countries in terms of total population, and other countries in the region, like Bangladesh, Vietnam, and Malaysia, also offer a huge population, boosting the demand for the food and beverage industry forward.

The growth of diabetes cases in the region is also expected to boost the market demand for saccharin, as the compound offers multiple benefits for diabetic patients. In August 2023, the Indian Council of Medical Research, in its press release, stated that the cases of diabetes witnessed a rapid rise in the nation. The release further stated that in India, about 101 million among the total population have been diagnosed with diabetes.

The Global Saccharin Market Products Offered by Key Companies:

• PMC Specialties Group, Inc. (PMC SG) is a global producer of high-intensity sweeteners that offers responsible production of saccharin. The company's SYNCAL brand offers various types of saccharin, such as S Powder, Sherbrite, Sweetchew Fact Sheet, and Sweet Facts.
• Prinova Group LLC. provides high-quality ingredients, like flavors, nutrient premixes, and other value-added solutions. The company offers solutions for the food, beverage, and nutrition industries. In the saccharin market, it offers Sodium Saccharin with mesh sizes between 20 and 40 mesh.
• Blue Jet Healthcare, a global pharmaceutical company that develops and manufactures various categories of advanced pharmaceutical intermediates, offers Saccharin and its Salt in the saccharin market. The company also offers Insoluble Saccharin and Saccharin Sodium.

The Global Saccharin Market is segmented and analyzed as:

By Type

• Sodium Saccharin
• Calcium Saccharin
• Acid Saccharin

By Form

• Granular
• Powder

By End-User

• Food & Beverage
• Pharmaceutical
• Personal Care
• Cosmetics
• Animal Feed
• Others

By Geography

• North America
• USA
• Canada
• México
• South America
• Brazil
• Argentina
• Others
• Europe
• U.K.
• Germany
• France
• Others
• Middle East and Africa
• UAE
• South Africa
• Israel
• Saudi Arabia
• Others
• Asia-Pacific
• China
• Japan
• India
• Australia
• Taiwan
• South Korea
• Others