Market Research Report - 235928
Production and Market of Sucralose in China
|Published||Content info||77 Pages|
After years of development and experiencing the famous 337 patent lawsuit, China has become one of the world's most important production countries of sucralose. In the past few years, China's sucralose production has been expanding rapidly attracted by the world's growing demand. Many producers expanded their sucralose capacity and several new producers joint the production in recent years. What's more, the future expansion is estimated to be even faster than before. With expanding capacity and an increasing number of producers, competition in China's sucralose market is becoming increasingly intense.
With relatively low price and improving product quality, China's export volume of sucralose has been increasing rapidly in the past few years. China's sucralose industry depends heavily on overseas demand. In 2013, the export volume accounted for about 76% of China's total sucralose output.
The price of sucralose has been declining year by year, enabling more and more sucralose consumed instead of sucrose or other varieties of high intensity sweeteners (HIS) both at home and abroad.
Still, the price of sucralose is still relatively higher over some other sweeteners, limiting its application in China. Plus, promotion of the product done by producers is also limited. However, the consumption of sucralose in China has grown rapidly due to developing downstream industries and people's rising recognition of healthy low-sugar foods and sugar-free foods.
Sucralose has been allowed to be used in over 120 countries and regions in the world. It's estimated that the current global demand for sucralose is valued at about USD730 million (RMB4.6 billion), posting an annual growth rate of about 20% in recent years.
China has been the world's largest sucralose producing country, with a contribution rate of nearly 60% of the global sucralose market.
To help readers to deeply understand the production and consumption of sucralose in China.
The primary report explores current status and future trend of the sucralose industry in China and is comprised of two major sections:
The output of sucralose in China is estimated to grow rapidly at a CAGR of about 12% during 2014-2018 thanks to increasingly larger market share seized by the domestic producers from foreign rivals and increasing demand for the product.
The domestic consumption of sucralose in China will increase rapidly at a CAGR of about 9% during 2014-2018.
This report will help readers deeply understand the situation of sucralose in China from the following aspects: