Product Code: ETC347364 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India sodium saccharin market import shipment experienced a negative CAGR from 2020 to 2024, indicating a slowing trend. However, between 2023 and 2024, there was a notable growth rate increase, suggesting a potential turnaround or market stabilization in the later period.
The India sodium saccharin market was estimated to be worth around USD 31 million in 2025 and is projected to register a moderate CAGR over the forecast period 2025-2031. The increasing demand for processed food products such as beverages has been driving growth opportunities for the industry players operating within this sector across the country. Furthermore, rising awareness among consumers regarding artificial sweeteners has further boosted their demand from various end user segments including pharmaceuticals and personal care products manufacturers etc., contributing significantly towards its revenue share over recent years.
The India Sodium Saccharin market has been witnessing steady growth in recent years. One of the main drivers of this growth is the increasing demand for low-calorie sweeteners in the food and beverage industry. Sodium saccharin is widely used as a sugar substitute in various food products and beverages, especially in diet and diabetic-friendly offerings. The growing health consciousness among consumers and the rise in the prevalence of diabetes have further boosted the demand for sodium saccharin.
Despite the growth in the India Sodium Saccharin market, there are some challenges that the industry faces. One of the main challenges is the increasing concern over the safety and potential health risks associated with artificial sweeteners, including sodium saccharin. Some studies have suggested a possible link between the consumption of sodium saccharin and adverse health effects, which has raised skepticism among health-conscious consumers. As a result, there is a growing demand for natural sweeteners, such as stevia and monk fruit extract, which poses a competitive challenge to the sodium saccharin market.
The India Sodium Saccharin market was significantly impacted by the COVID-19 pandemic. During the lockdowns and restrictions, the food and beverage industry, which is a major consumer of sodium saccharin, experienced disruptions in production and distribution. With people staying at home and restaurants operating at limited capacities, the demand for processed foods and beverages decreased, affecting the market for sodium saccharin. Moreover, the heightened awareness of health and immunity during the pandemic led consumers to opt for natural and healthier alternatives to artificial sweeteners, further impacting the demand for sodium saccharin. However, as the economy gradually reopened and consumer habits readjusted, the market began to recover, aided by the resumption of production activities and the gradual revival of the food and beverage industry.
The India sodium saccharin market has been experiencing steady growth due to the rising demand for low-calorie food and beverage alternatives. Sodium saccharin is an artificial sweetener commonly used in various food products and beverages to provide a sweet taste without adding calories. Key players in this market include both domestic and international companies, such as JMC Overseas Pvt. Ltd., Vidhi Specialty Food Ingredients Limited, Salvi Chemical Industries Ltd., and Guangzhou City Huzheng Nanfeng Chemical Co., Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Sodium Saccharin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Sodium Saccharin Market Revenues & Volume, 2021 & 2031F |
3.3 India Sodium Saccharin Market - Industry Life Cycle |
3.4 India Sodium Saccharin Market - Porter's Five Forces |
3.5 India Sodium Saccharin Market Revenues & Volume Share, By Extract Type, 2021 & 2031F |
3.6 India Sodium Saccharin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Sodium Saccharin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for low-calorie sweeteners due to rising health consciousness among consumers |
4.2.2 Growing usage of sodium saccharin in food and beverage industry as a sugar substitute |
4.2.3 Expansion of food processing industry in India |
4.3 Market Restraints |
4.3.1 Health concerns related to the consumption of artificial sweeteners |
4.3.2 Fluctuating prices of raw materials used in the production of sodium saccharin |
5 India Sodium Saccharin Market Trends |
6 India Sodium Saccharin Market, By Types |
6.1 India Sodium Saccharin Market, By Extract Type |
6.1.1 Overview and Analysis |
6.1.2 India Sodium Saccharin Market Revenues & Volume, By Extract Type, 2021-2031F |
6.1.3 India Sodium Saccharin Market Revenues & Volume, By Food Grade Sodium Saccharin, 2021-2031F |
6.1.4 India Sodium Saccharin Market Revenues & Volume, By Pharma Grade Sodium Saccharin, 2021-2031F |
6.1.5 India Sodium Saccharin Market Revenues & Volume, By Industrial Grade Sodium Saccharin, 2021-2031F |
6.2 India Sodium Saccharin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Sodium Saccharin Market Revenues & Volume, By Food And Beverage Industry, 2021-2031F |
6.2.3 India Sodium Saccharin Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 India Sodium Saccharin Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 India Sodium Saccharin Market Revenues & Volume, By Others, 2021-2031F |
7 India Sodium Saccharin Market Import-Export Trade Statistics |
7.1 India Sodium Saccharin Market Export to Major Countries |
7.2 India Sodium Saccharin Market Imports from Major Countries |
8 India Sodium Saccharin Market Key Performance Indicators |
8.1 Consumer awareness and acceptance of low-calorie sweeteners |
8.2 Number of new product launches in the food and beverage industry using sodium saccharin |
8.3 Regulatory approvals for the use of sodium saccharin in various applications |
9 India Sodium Saccharin Market - Opportunity Assessment |
9.1 India Sodium Saccharin Market Opportunity Assessment, By Extract Type, 2021 & 2031F |
9.2 India Sodium Saccharin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Sodium Saccharin Market - Competitive Landscape |
10.1 India Sodium Saccharin Market Revenue Share, By Companies, 2024 |
10.2 India Sodium Saccharin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |