China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The saccharin market in China reached a volume of 14,865 Tons in 2017. The market is further projected to reach a volume of 18,815 Tons by 2023, exhibiting a CAGR of around 4% during 2018-2023. Saccharin is a white colour powder with a crystalline texture that is relatively sweeter in taste than sugar. In China, this type of high intensity sweetener is gaining momentum as it is freely soluble in water and its consumption does not lead to dental cavities. Thus, it serves as an ideal sugar substitute for both diabetic and non-diabetic individuals. Currently, China is a major producer and exporter of saccharin owing to its large domestic market, easy raw material availability and low production cost. In the near future, the overall demand for saccharin in China is expected to escalate on account of increasing population, improving living standards of consumers and a shift towards healthier lifestyles.
China Saccharin Market Drivers:
As a result of sedentary lifestyles and unhealthy diets, there has been a rise in the prevalence of obesity and diabetes in China. This has resulted in an increasing preference for low calorie sugar substitutes such as saccharin.
Apart from its health benefits, saccharin has a much longer shelf-life when compared to sugar. When saccharin is stored in an air-tight container at room temperature, it can last for long periods.
The incidences of heart diseases, cancer and diabetes, rooted from obesity and over-weight issues, have created increased awareness in China with consumers becoming more cautious with their calorie intake. In addition, other factors such as a shift towards sedentary lifestyle and increased work pressure have stimulated the demand for low-calorie foods in the country. Saccharin is being used widely in various low-calorie foods and beverages such as soft drinks, table top sweeteners, baked goods, jams, chewing gum, canned fruit, candy, dessert toppings, salad dressings, etc. Moreover, it is also being used in medicinal applications such as cough syrups.
Incidences of health issues mainly associated with weight gain have made consumers in China more conscious about losing weight, being fit and healthy. People have begun to shift towards low-calorie diets and avoid intake of sugar. Saccharin, being a zero-calorie sweetener, is used by consumers to stay in better overall health, manage weight and maintain an attractive physical appearance.
Breakup by Product Type:
The Chinese saccharin market has been segmented on the basis of different types of products available for the consumers which mainly include sodium saccharin, insoluble saccharin and calcium saccharin. Currently, sodium saccharin is the most popular type of saccharin.
Breakup by Application:
Based on the application, the market has been segregated into food and beverages, table top sweeteners, personal care products and pharmaceuticals. Amongst these, the food and beverages sector represents the largest application area for saccharine.
The report also provides an analysis of the competitive landscape of the Chinese saccharine market. Some of the leading players operating in the market are:
Kaifeng Xinghua Fine Chemical Ltd
Shanghai Merry Yang Enterprise Co. Ltd.
Tianjin North Food Co. Ltd
Hangzhou Focus Corporation
Shaanxi Greenbo Biochem Co. Ltd.
This report provides a deep insight into the China saccharin market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the saccharin market in any manner.
Key Questions Answered in This Report:
How has the Chinese saccharin market performed so far and how will it perform in the coming years?
Which are the popular product types in the Chinese saccharin market?
What are the key applications in the Chinese saccharin market?
What are the various stages in the value chain of the Chinese saccharin market?
What are the key driving factors and challenges in the Chinese saccharin market?
What is the structure of the Chinese saccharin market and who are the key players?
What is the degree of competition in the Chinese saccharin market?
How is saccharin manufactured?