|International News: Overview China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
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The China saccharin market has witnessed a moderate growth over the past few years. The demand for saccharin can be attributed to its low-calorie content along with its numerous applications in the food and beverage, pharmaceutical, and personal care industries.
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According to the latest report by IMARC Group, enti tled “China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, China currently represents the leading market for saccharin across the world. In 2017, the saccharin market in China reached a volume of 14,865 Tons. Saccharin is a non-nutritive high-intensity sweetener used in the production of a wide range of low-calorie and sugar-free products, such as baked goods, jams, chewing gums, canned fruits, candies, soft drinks, hot chocolate drinks, desserts, etc. Over the years, the demand for saccharin has increased in China on account of growing health-consciousness among the consumers. However, due to environmental concerns in China, many manufacturing facilities closed or decreased their production in 2017 which led to a decline in the volume of saccharin manufactured.
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China Saccharin Market Trends:
The unhealthy diet and lack of physical activity have led to a rise in obesity rates in the region. In line with this, most health practitioners and diet professionals are recommending non-nutritive sugar substitutes, like saccharin, to their clients for reducing weight. In addition, high sugar consumption has increased the prevalence of type-2 diabetes in the country. According to a WHO report, the number of people suffering from diabetes in China are expected to reach 150 million by 2040. As a result of this, people are lowering their sugar intake or shifting towards low-calorie sweeteners. Besides this, several cosmetics and personal-care product manufacturers in China also use saccharin in the formulation of toothpastes, mouthwashes, lipsticks, etc. Furthermore, saccharin is utilized as a coating to alter the bitter taste of medicines including calcium tablets and chewable multivitamin tablets. On account of these factors, the market is projected to reach a volume of 18,815 Tons by 2023, exhibiting a CAGR of around 4% during 2018-2023.
China Saccharin Market Summary:
ba sed on type, the market has been segmented into sodium saccharin, insoluble saccharin and calcium saccharin. Currently, sodium saccharin dominates the market, holding the largest share.
On the basis of application, food and beverages represent the leading segment, holding the majority of the overall market share. Food and beverages are followed by table top sweeteners, personal care products, pharmaceuticals, and others.
The competitive landscape of the saccharin market in China has also been examined with some of the key pla yers being Kaifeng Xinghua Fine Chemical Ltd, Shanghai Merry Yang Enterprise Co. Ltd., Tianjin North Food Co. Ltd, Hangzhou Focus Corporation and Shaanxi Greenbo Biochem Co. Ltd.
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