According to a new report by EMR titled, ‘LATAM Saccharin Market Report and Forecast 2019-2024’, the LATAM saccharin market is being aided by the global artificial high-intensity sweetener (HIS) industry which attained nearly USD 1.8 billion in 2018. The global artificial HIS market is projected to grow further in the period between 2019-2024, and is expected to reach USD 2.2 billion in 2024.

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The Latin America saccharin market is being aided by the growth of the artificial sweetener industry, which was estimated to be worth USD 174 million in 2017. The market is being driven by the rising demand for sugar alternatives due to the growing health consciousness and the increasing prevalence of diseases related to high-sugar consumption like obesity. According to WHO, in 2018, nearly 60% of the population in Latin America and the Caribbean were obese or overweight. Governments are taking steps to curb sugar intake in the region. While in Chile sugar-sweetened beverages are taxed, in Brazil, the Ministry of Health aims to reduce sugar by 144,000 tons in industrialised food products by 2022, working in collaboration with almost 68 companies, involving 1,147 products. The proposed taxes and reduction in sugar in products is leading to manufacturers investing in products with reduced or no sugar content, driving the market for saccharin as a sugar alternative when mixed with other low or no-calorie sweeteners like aspartame.

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Brazil is a leading market for saccharin in LATAM. Brazil is a leading importer of saccharin and its salts, after the US and Germany, to meet its growing domestic demand. With saccharin finding expanding uses in cosmetics as a sweetener, the robust cosmetics market in Brazil is further aiding the industry. The country is the fourth largest beauty market, globally, driven by the willingness of consumers to spend more on luxury products. The thriving cosmetics and beverage market in the LATAM region will also aid the saccharin industry growth. While LATAM occupies a 10% market share in the global cosmetics industry, Latin America and the Caribbean region, as a whole, accounts for 17.5% of the entire market.

Market Breakup by Type:

Calcium
Sodium
Insoluble
The types of saccharin can be categorised as calcium, sodium, and insoluble saccharin.

Market Breakup by Application:

Food and Beverages
Table Top Sweetener
Personal Care
Pharmaceutical
Others

Saccharin finds its applications in sectors like food and beverages, table top sweetener, personal care, and pharmaceutical, among others.

Market Breakup by Region:

Brazil
Argentina
Colombia
Brazil, Argentina, and Colombia are the major markets in LATAM.

Market Breakup by Feedstock:

Ortho Toluene Sulfonamide
Sodium Bichromate Dihydrate
Sulfuric Acid
Sodium Bicarbonate
Sodium Carbonate

Ortho toluene sulfonamide, sodium bichromate dihydrate, sulfuric acid, sodium bicarbonate, and sodium carbonate are the common saccharin feedstock.

Key Findings in the Report:

The rising demand for low-calorie foods and beverages in LATAM is aiding the regional saccharin market.
The market is also being driven by the increasing population of the middle class in the region.
The expanding sweeteners industry is propelling the saccharin market forward in the LATAM region.
Globally, saccharin is also finding growing use in non-food industries like the pharmaceutical sector.
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