Indian saccharin market to exceed 5,000-tonnes by 2023

The Indian saccharin market reached a volume of 4,540-tonnes in 2017, and is projected to exceed 5,112-tonnes by 2023, exhibiting a CAGR of around 2% during 2018-2023, according to a new report from Research and Markets.

Saccharin is mostly consumed by diabetics and people on a sugar-free diet. It is also extensively employed in diet soft drinks and other low-calorie foods, and it has use in foods and pharmaceuticals in which the presence of sugar might lead to spoilage. Saccharin is extensively used in various sugar-free food and pharmaceuticals products, such as baked goods, jams, chewing gums, carbonated drinks, tinned fruits, toothpaste, etc.

Saccharin is an artificial sweetening agent, which is not metabolised by the human body and gets excreted in the same form as it is consumed. Due to these attributes, it is useful for people whose diet requires a check in carbohydrate and calorie intake, such as people with diabetes and obesity. It also assists people in weight management and reduces dental cavities. Saccharin is 300 times sweeter then Sucrose. It is heat-stable and does not react with other food ingredients, hence it is widely used in cooking. Apart from its numerous health benefits, saccharin has much longer shelf-life when compared to sugar. When it is stored in AIR-tight containers at room temperature, the normal shelf-life is five years.

India has the second largest number of diabetes patients in the world (72-mn), and by 2023, the number is projected to reach over 84-mn. This is expected to have a positive impact on the consumption of saccharin.

Based on the product type, the saccharin market can be segmented into sodium saccharin, insoluble saccharin and calcium saccharin. On the basis of application, the food and beverages sector represents the largest end-use segment, followed by table top Sweeteners, personal care products, pharmaceuticals and others. Key players in India include Blue Circle Organics Pvt. Ltd., Vishnu Chemicals Ltd., Organic
Industries Pvt. Ltd., Aviditya Chemicals and Pharmaceuticals and Salvi Chemicals.