China Shrimp Market to Worth 20,972 Ton by 2024
by Rahul Rastogi Market Research AnalystAccording to the latest report by IMARC Group, titled “China Saccharin Market Forecast 2019-2024: Industry Trends, Share, Size, Growth and Opportunity”, the china saccharin market reached 17,061 Tons in 2018. Saccharin is a non-nutritive, artificial sweetener that is prepared by oxidizing o-toluenesulfonamide or phthalic anhydride. It is a white colored powder with a crystalline texture and is considered to be much sweeter than table sugar. Soluble in water, stable and devoid of any calories, this sweetener has a long shelf life and can be safely consumed even after a long period of storage. Characterized by a slightly bitter and metallic aftertaste in high concentrations, it is usually combined with other low-calorie sweeteners for the preparation of numerous low-calorie and sugar-free products, such as jams, jellies, candies, carbonated drinks, cookies, baked goods and canned fruits.
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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.
Business Details About
this Report with TOC & List of Figure: https://www.imarcgroup.com/china-saccharin-market
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Created on Dec 11th 2019 00:14. Viewed 248 times.