China Saccharin Market to 2023
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SOURCE Research and Markets
DUBLIN, Nov. 9, 2018 /PRNewswire/ —
The “China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
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.
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.
For more information about this report visit https://www.researchandmarkets.com/research/n77qj4/china_saccharin?w=5
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