The global Saccharin market was valued at 131.18 Million USD in 2021 and will grow with a CAGR of 3.21% from 2021 to 2027, based on Market Report Hub (MRH) newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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Saccharin is an artificial sweetener with effectively no food energy which is about 300-400 times as sweet as sucrose or table sugar, but has a bitter or metallic aftertaste, especially at high concentrations. It is used to sweeten products such as drinks, candies, cookies, medicines, and toothpaste.Because of the development of Food Additives, the production of Saccharin will in decreasing trend during the next several years. From the point of price, the global average price of Saccharin is in the decreasing trend, from 5020 USD/MT in 2011 to 4698 USD/MT in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years. The classification of Saccharin includes Insoluble Saccharin and Soluble Saccharin, and the production proportion of Soluble Saccharin in 2015 is about 79%, and the proportion is in increasing trend from 2011 to 2015. Saccharin is widely used in Food & Beverage, Pharmaceuticals, Daily Chemical and other field. The most proportion of Saccharin is Food & Beverage, and the consumption market share in 2015 is about 70%. China region is the largest supplier of Saccharin, with a production market share nearly 55% in 2015. India is the second largest supplier of Saccharin, enjoying production market share nearly 13% in 2015. China is the largest consumption place, with a consumption market share nearly 55% in 2015. Following China, India is the second largest consumption place with the consumption market share of 14%. Kaifeng Xinghua, Tianjin Changjie, PMC Specialties, Tianjin North Food, Shanghai Fortune Two Lions etc. are the leaders of the industry, with high-end customers; have been formed in the monopoly position in the industry.
By Market Vendors:
Tianjin North Food
PT Bantang Alum
PT. GOLDEN SARI
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Food & Beverage
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
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Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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