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Forecast Year
The Asia Pacific saccharin market is being aided by the healthy growth in the production of saccharin in China. In 2020, China produced 16,225.68 tonnes of the low-calorie sweetener.
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The global growth of the artificial high-intensity sweetener industry is also aiding the Asia Pacific market. The global artificial HIS market is expected to see a moderate growth in the forecast period of 2024-2032, and is expected to attain a value of about USD 2.3 billion by 2026.
In Asia, the industry for low-calorie sweetener is witnessing a growth due to the rising demand for lower calories substitutes of sugar in the region. In 2018, Asia accounted for nearly a fifth of the low-calorie sweetener market in terms of global consumption. The low-calorie sweetener consumption in Asia stood at about USD 342 million in 2018. The growth in this segment of sweeteners in the continent is also aiding the growth of the regional saccharin market. China is not just the largest saccharin market in the Asia Pacific region but also the world. However, a majority of China’s production of the sweetener is exported either within Asia or is bound towards the EU. The global exports of saccharin led by China is being driven by a rising demand from the personal care and beverage industries.
Saccharin is an artificial sweetener that is non-nutritive and is 300-500 times sweeter than sucrose but with a metallic or bitter aftertaste when added in higher quantities. It is used as a sugar substitute, to sweeten foods like cookies, soft drinks, and candies. It is also added to products such as medicines and toothpaste. Calcium, sodium and insoluble saccharin are the common types of saccharin available in the market.
Market Breakup by Type:
Market Breakup by Application:
Market Breakup by Region:
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Globally, the saccharin industry is expected to be driven by calorie-conscious consumers in the coming years. The market is also finding further impetus in the increasing use of artificial sweeteners in segments like baking industry, frozen foods, and other ready-to-eat foods.
The Asia Pacific market is being aided by the growing population in Asia and the growing beverage industry in key markets like China and India. The growing economy in the Asia Pacific region is driving the saccharin industry in the region due to the rising disposable incomes and changes in food habits. In India, the GDP saw a 7.4% growth in the Q2 of 2018. The saccharin market in India is aided by the growing food and beverage segment in the country. The food and beverage sales in India is expected to grow annually by 13.1% between 2018-2023. In China, the largest food and beverage market in the Asia Pacific region is expected to grow at an annual rate of 10.7% till 2021. Hong Kong, specifically, is witnessing a robustly growing personal care, health products, and beverages segments, which are driving the saccharin industry growth in the region. The growth in the beverage industry in Hong Kong is being driven by a rising demand for healthier and low sugar products, which is also aiding the market for the low-calorie sweetener. The growth in the personal care and health products segments is further propelling the industry growth as saccharin is widely used as a flavouring agent in products like lip balms, lipsticks, toothpaste, medicines, and other products.
While China is currently the leading producer and exporter of saccharin, its production in China may be affected by the implementation of strict environmental policies, which have found its manufacturing process deficient in the treatment of wastewater. This expected setback in China’s saccharin production might slow down the Asia Pacific market in the coming years.
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The report analyses the following key players in the Asia Pacific saccharin market, looking into their market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds:
The EMR report gives an in-depth look into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Asia Pacific saccharin market is supported by the rising production in China. In 2020, China produced 16,225.68 tons of the low-calorie sweetener.
The market is expected to be aided by the global artificial HIS market, which is expected to attain a value of about USD 2.3 billion by 2026.
The major drivers of the market include the rising disposable incomes, increasing population, rising food and beverage sectors, and the growing demand for low calorie sweeteners.
The changing food habits of the consumers, along with the rising awareness about the risks associated with sugar, is a key trend in the market.
China, India, and South-East Asia are the major regional markets of saccharin in the Asia Pacific.
The different types of saccharin in the market include calcium, sodium, and insoluble saccharin.
The product finds wide applications in food and beverage, table-top sweetener, personal care, and pharmaceutical, among others.
The major players in the market include Shree Vardayini Chemical Industries (P) Ltd, Salvi Chemical Industries Ltd., Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co., Ltd., TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd., JMC Corporation, and Shanghai Fortune Chemical Co., Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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