Global Saccharin Market to Drive Growth From Expanding Food and Beverage Industry
With a high demand for saccharin from the food and beverage industry, the global saccharin market is witnessing a significantly high growth. The increasing health concern and the rise in the standard of living of people across the world is boosting the demand for saccharin. Saccharin is natural sweetener and its low calorie content makes it ideal choice to make sugar-free food products, such as sugar-free cookies, candies, jams, coffee, and tea. The continual changes in the dietary preferences of consumers and the increasing health consciousness among them, especially in developing economies, is expected to drive a demand for saccharin across the world.
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Increasing Prevalence of Health-Related Issues to Support Growth
According to a report by TMR Research, the increasing prevalence of health-related issues, such as diabetes, obesity, and vitamin deficiency, is likely to fuel the development in the pharmaceutical industry. This, in turn, will reflect positively on the global saccharin market in the years to come. In 2015, the WHO stated in a report that the prevalence of diabetes and obesity has nearly quadrupled since 1980.
Saccharin is also used as a coating to remove the bitter taste of medicines, such as multivitamin and calcium tablets. This is also expected to fuel its demand in the near future, thereby propelling the worldwide saccharin market.
Asia Pacific Emerges as Leading Regional Saccharin Market
Holding more than 50% share, Asia Pacific leads the of the the global saccharin market, currently. The ongoing expansion in the pharmaceutical and the food and beverage industries in this region is driving the Asia Pacific saccharin market. China, followed by India and Korea, respectively, is projected to lead the production of saccharin in years to come.
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Salvi Chemicals, Productos Aditivos, PMC Specialties Group, Kyung-In Synthetic Corp. (KISCO), and Shree Vardayini are some of the key players in the global saccharin market.