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The Asia Pacific saccharin market is being aided by the rising consumption of low-calorie sweetener in Asia. It is one of the leading consumers of low-calorie sweeteners, accounting for almost a fifth of their global consumption in 2018. The market in China, the largest producer of saccharin, globally, is aiding the growth of the saccharin industry on the continent driven by the rise in exports. Majority of the saccharin output in China is exported either to the EU or within Asia, with the export demand being driven by the personal care and beverage industries. The Chinese domestic demand for saccharin is also projected to grow in the coming years.
The Asia Pacific saccharin market is being driven by the rising demand for sugar-alternatives due to a growing health consciousness and government schemes discouraging sugar intake, especially in South East Asia. While the sugar consumption has been growing in key saccharin producing markets in the region like China and India, the market for the high-intensity sweetener will be aided by the imposition of sugary beverage taxes in various South East Asian countries like Thailand and Philippines. The taxations are encouraging major beverage manufacturers to reduce sugar or add alternative low-calorie sweeteners in their drinks. In Singapore, meanwhile, seven key beverage manufacturers have entered into an agreement with the Ministry of Health to reduce the sugar content in their products meant for the domestic market to below 12% by 2020. These steps are providing a further impetus for the growth of the saccharin market in the area. Saccharin is often combined with other low or zero calories sweeteners like aspartame to balance the bitter aftertaste of the high-intensity sweetener.
Market Breakup by Type, Application, Region, and Feedstock:
Key Findings of the Report:
Key Offerings of the Market:
Kaifeng Xinghua Fine Chemical Ltd, Tianjin Changjie Chemical Co. Ltd, Tianjin North Food Co., Ltd., TwoLions (Zhangjiagang) Fine Chemicals Co., Ltd., JMC Corporation, Shanghai Fortune Chemical Co., Ltd., Blue Circle Organics Pvt. Ltd., Vishnu Chemicals Limited, Shree Vardayini Chemical Industries (P) Ltd, and Salvi Chemicals are the major players in the Asia Pacific saccharin market. The report gives their capacity, market share, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.
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