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The saccharin sweetener market is projected to grow at a CAGR of 5.78% to reach US$1.647 billion in 2024 from US$1.175 billion in 2018. Geographically, Asia Pacific is evaluated to hold a noteworthy saccharin sweetener market growth rate during the forecast period because of the quick urbanization as well as the rise in disposable income.
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Saccharin Sweetener Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The saccharin sweetener market is projected to grow at a CAGR of 5.78% to reach US$1.647 billion in 2024 from US$1.175 billion in 2018. Saccharin sweetener refers to an artificial sweetener used as a sugar substitute, it also has an exceptional shelf life as compared to its competitive sweetener substitutes and is thought to be sweeter than sugar. According to the United States Food and Drug Administration, saccharin is 200 to 700 times sweeter than table sugar (sucrose), and it does not contain any calories. Aside from being used in the food and beverage industry, saccharin is also used in the pharmaceutical industry to sweeten medicines. It is also considered as a cheaper substitute as compared to its competitive sweeteners. Geographically, Asia Pacific is evaluated to hold a noteworthy market growth rate during the forecast period because of the quick urbanization as well as the rise in disposable income.
Key Questions Answered By The Report • What will be Saccharin Sweetener Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Saccharin Sweetener Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Saccharin Sweetener Market are : By TypeGranularPowderLiquidBy ApplicationDairyBeveragesConfectionary and BakeryProcessed foodOthers
Geography North AmericaUSACanadaMexicoOthersSouth AmericaBrazilArgentinaOthers
Geography EuropeGermanyFranceUnited KingdomSpainOthersMiddle East and AfricaSaudi ArabiaIsraelOthers
Geography Asia PacificChinaJapanSouth KoreaIndiaOthers
COMPANY PROFILES • B&G Foods, Inc. • Cumberland Packing Corp. • Kyung-In Synthetic Corporation • Penta International Corporation • Tianjin Changjie Chemical Co., Ltd. • Jiangxi Dongxu Chemical Science And Technology Co., Ltd. • Vishnu Chemicals Ltd. • PMC Specialties Group • TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd. • Kaifeng Xinghua Fine Chemical LTD
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