Chinese Saccharin Market Growth, Outlook, Demand, Key Player Analysis and Opportunity 2024
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China Saccharin Market Trends:
The market is primarily driven by the growing awareness regarding the consumption of low-calorie sweeteners in China. Owing to various factors such as shifting dietary preferences, hectic and prolonged working schedules, coupled with a lack of physical activity, have resulted in an increasing prevalence of obesity and lifestyle diseases such as diabetes. Consequently, health-conscious individuals are increasing the inclusion of saccharin in their daily diets as a measure to curb high-calorie consumption. Additionally, saccharin forms a crucial ingredient in the manufacturing of syrup-based medicines. It is also used as a coating on certain chewable tablets to render a sweet taste. The flourishing pharmaceutical industry in the country is providing further thrust to the market growth. Easy availability of raw material in China and low production costs are some of the other factors contributing to the market expansion in the country. On account of the aforementioned factors, the market is anticipated to reach a volume of 20,972 Tons by 2024, exhibiting a CAGR of around 3.8% during 2019-2024.
China Saccharin Market Summary:
• On the basis of the product type, the market has been divided into sodium, insoluble and calcium saccharin. Among these, sodium saccharin is the most preferred type of saccharin.
• Based on the application, the market has been categorized into food and beverages, table top sweeteners, personal care products, pharmaceuticals, and others. At present, the food and beverages segment exhibits a clear dominance in the market, accounting for a majority of the total market share
• The competitive landscape of the market has also been studied, 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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