Reports
Asia Pacific Saccharin Market Analysis, Share, Forecast: By Type: Calcium, Sodium, Insoluble; By Application: Food and Beverages, Table-Top Sweetener, Personal Care, Pharmaceutical, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Asia Pacific Saccharin Market Outlook
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.
Properties and Applications
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. It finds its applications in sectors like food and beverages, table top sweetener, personal care, and pharmaceutical, among others.
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Saccharin is derived from ortho toluene sulphonamide, sodium bichromate dihydrate, sulphuric acid, and sodium bicarbonate. The report analyses the regional markets like China, India and South East Asia.
Market Analysis
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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Competitive Landscape
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:
- Shree Vardayini Chemical Industries Pvt. Ltd.
- JMC Corporation
- Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co., Ltd.
- Two Lions (Zhangjiagang) Fine Chemicals Co., Ltd.
- Shanghai Fortune Chemical Co.,Ltd.
- Salvi Chemical Industries Ltd.
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.
| 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- Type, Application, Region |
| Breakup by Type | Calcium, Sodium, Insoluble |
| Breakup by Application | Food and Beverages, Table Top Sweetener, Personal Care, Pharmaceutical, Others |
| Breakup by Region | China, India, South East Asia |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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, Shanghai Fortune Chemical Co., Ltd., Others. |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Asia Pacific
7 Opportunities and Challenges in the Market
8 Global Saccharin Market Overview
8.1 Key Industry Highlights
8.2 Global Saccharin Historical Market (2018-2023)
8.3 Global Saccharin Market Forecast (2024-2032)
8.4 Global Saccharin Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Saccharin Market Analysis
9.1 Key Industry Highlights
9.2 Asia Pacific Saccharin Historical Market (2018-2023)
9.3 Asia Pacific Saccharin Market Forecast (2024-2032)
9.4 Asia Pacific Saccharin Market by Type
9.4.1 Calcium
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Sodium
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Insoluble
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 Asia Pacific Saccharin Market by Application
9.5.1 Food and Beverages
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Table-Top Sweetener
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Personal Care
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Pharmaceutical
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Asia Pacific Saccharin Market by Region
9.6.1 China
9.6.2 India
9.6.3 South-East Asia
10 Regional Analysis
10.1 China
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 India
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 South-East Asia
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code: 292511)
13.1 Major Exporting Countries:
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Asia Pacific Feedstock Market Analysis
15.1 Ortho Toluene Sulfonamide
15.2 Sodium Bichromate Dihydrate
15.3 Sulfuric Acid
15.4 Sodium Bicarbonate
15.5 Sodium Carbonate
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Shree Vardayini Chemical Industries Pvt. Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 JMC Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Henan Kaifeng Pingmei Shenma Xinghua Fine Chemical Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Two Lions (Zhangjiagang) Fine Chemicals Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Shanghai Fortune Chemical Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Salvi Chemical Industries Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Saccharin Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Saccharin Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Saccharin Historical Market: Breakup by Type (Tons), 2018-2023
4. Asia Pacific Saccharin Market Forecast: Breakup by Type (Tons), 2024-2032
5. Asia Pacific Saccharin Historical Market: Breakup by Application (Tons), 2018-2023
6. Asia Pacific Saccharin Market Forecast: Breakup by Application (Tons), 2024-2032
7. Asia Pacific Saccharin Historical Market: Breakup by Region (Tons), 2018-2023
8. Asia Pacific Saccharin Market Forecast: Breakup by Region (Tons), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. Asia Pacific Saccharin Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The Asia Pacific saccharin market is being aided by the rising production of saccharin in China. In 2020, China produced 16,225.68 tons of the low-calorie sweetener. Aided by the rising food and beverage and cosmetics industries, 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.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into calcium, sodium, and insoluble. On the basis of application, the industry is segmented into food and beverage, table-top sweetener, personal care, and pharmaceutical, among others. The major regional markets for saccharin in the Asia Pacific are China, India and South-East Asia. The key players in the above industry 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, Shanghai Fortune Chemical Co., Ltd., Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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