According to the latest report by IMARC Group, titled " China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the China saccharin market reached a volume of 19,206 Metric Tons in 2021. Saccharin refers to a synthetic compound that is generally used as an artificial sweetening agent. Widely obtained through the oxidization of phthalic anhydride or o-toluene sulfonamide chemicals, it is consumed as a preferred alternative for sugar due to its low-calorie content. It is a white, crystalline powder with a sweet taste and bitter aftertaste, which is often utilized with aspartame in the preparation of diet carbonated soft drinks. Along with this, it is used to prepare multiple foods and beverages products, including bakery food, jellies, jams, candies, and canned fruit juices. Apart from this, it is also utilized in the manufacturing of several medicines, such as chewable vitamin and minerals pills.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
China Saccharin Market Trends:
The market in China is primarily driven by the rising health consciousness among the masses. This is supported by a considerable increase in the shift toward the consumption of saccharin as it helps to prevent high blood sugar levels. Also, the changing lifestyle and shifting dietary preferences of the masses in order to lead a healthy regime are positively influencing the market growth. In line with this, the rising prevalence of chronic illnesses, such as diabetes and obesity, among individuals across China is creating a positive outlook for the market. Furthermore, the widespread adoption of saccharin as a healthier substitute for sugar in beverages across numerous restaurants and households in the country is acting as a major growth-inducing factor. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 7.8% during 2022-2027.
- On the basis of the product type, the market has been segmented into sodium, insoluble and calcium, wherein sodium currently represents the leading market segment.
- Based on the application, the market has been divided into food and beverages, table-top sweeteners, personal care products, pharmaceuticals, and others. Among these, the food and beverages sector holds the leading market segment.
- The competitive landscape of the industry has been examined in the report with the detailed profiles of the key players. Some of these players include 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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