According to the latest report by IMARC Group, titled “China Saccharin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the China saccharin market size reached 17,402 Metric Tons in 2019. Saccharin is an artificial sweetener that is utilized for the preparation of numerous low-calorie and sugar-free products, including jams, jellies, candies, carbonated drinks, cookies, baked goods and canned fruits. Prepared by oxidizing the chemicals o-toluene sulfonamide or phthalic anhydride, the white, crystalline powder is widely available in both granular and liquid forms. It offers no caloric value and does not raise blood sugar levels. Although it has a bitter metallic aftertaste that is evident in higher concentrations, saccharin has a slow onset of sweetness that persists. It is generally used in very little quantities as it is considered to be 200 to 700 times sweeter than sucrose. It can also be safely consumed even after a long period of storage, which has contributed to its widespread popularity.
China Saccharin Market Trends:
The increasing prevalence of numerous lifestyle diseases, such as obesity and diabetes, coupled with the growing health consciousness, is among the primary factors driving the saccharin market in China. Consequently, consumers are now getting inclined toward maintaining a healthy lifestyle and, therefore, increasingly incorporating low-calorie sweeteners, including saccharin, in their diets to reduce the overall calorie intake. In line with this, saccharin is extensively being used across numerous households and restaurants as a healthier alternative to sugar in beverages, such as tea and coffee. Moreover, saccharin is also widely utilized in the pharmaceutical industry for the manufacturing of syrup-based medicines and chewable tablets. This is further facilitated by the growing incidences of chronic and lifestyle diseases in the country, which is boosting the sales of such medicines, thereby creating a positive outlook for the market. Some of the other factors influencing the market growth in China include low production costs and the easy availability of saccharin in China. On account of the aforementioned factors, the market is anticipated to reach a volume of 27,614.8 Metric Tons by 2025, at a CAGR of 8% during the forecast period (2020-2025).
- Based on the product type, the market has been categorized into sodium, insoluble and calcium saccharin. Among these, sodium saccharin is the most preferred type of saccharin.
- On the basis of the application, the market has been categorized into food and beverages, table top sweeteners, personal care products, pharmaceuticals, and others. Currently, the food and beverages segment accounts for the majority of the total market share.
- The competitive landscape of the market has been examined with the detailed profiles of the key players operating in the market. Some of these players include Kaifeng Xinghua Fine Chemical Ltd., Shanghai Meiyang Industrial Co., Ltd., Tianjin North Food Co., Ltd., Hangzhou Focus Corporation, and Shaanxi Greenbo Biochem Co., Limited.
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