JHSY(SZ:002597) Chan Ye Xin Xi Wang·2025-08-20 01:33Group 1 - Acesulfame is widely used in various industries such as food and beverage, pharmaceuticals, and cosmetics due to its superior performance [1][2] - The domestic acesulfame market is primarily export-oriented, with a low apparent consumption level influenced by differences in domestic and overseas consumption habits [1][7] - The no-sugar beverage market is the main application area for acesulfame, which has seen rapid growth due to increased national health awareness [1][7] Group 2 - The production capacity of acesulfame in China is expected to reach 33,500 tons by 2024, with a projected output of 23,180 tons, imports of 15 tons, and exports of 19,356 tons [1][10] - By 2025, the estimated production capacity will be around 24,640 tons, with imports of approximately 17 tons and exports of about 20,618 tons [1][10] - The domestic demand for acesulfame is projected to increase from 3,839 tons in 2024 to approximately 4,039 tons in 2025 [1][10] Group 3 - The acesulfame industry in China is characterized by a duopoly between Jinhe Industrial and Vine Chemical, which together account for over 80% of the market capacity [21][24] - The market participants include companies such as Nantong Acetic Acid Chemical Co., Anhui Jinhe Industrial Co., Jiangsu Weido Co., Shandong Yabong Chemical Technology Co., and Suzhou Nut Food Technology Co. [18][21] - The industry is currently in a growth phase, with increasing competition and pressure on costs [23][24] Group 4 - Acesulfame was discovered in 1967 and has undergone extensive safety testing, leading to its approval for use in various countries [16] - The market for acesulfame is expected to continue expanding, driven by health-conscious consumer trends and supportive food policies [23][24] - The sales revenue for the acesulfame manufacturing industry is projected to be 906 million yuan in 2024, with an expected increase to 973 million yuan in 2025 [10][12] Group 5 - The main production methods for acesulfame include the Aminosulfonyl Fluoride-Diethylene Ketone method, Acetoacetamide-Sulfur Trioxide method, and others [3][4] - The acesulfame industry supply chain includes raw materials such as aminosulfonic acid and diethylene ketone, with food and beverage being the largest application market [14][18] - The market for acesulfame is expected to reach 265 million yuan by 2031, reflecting the growing demand for low-sugar and no-sugar products [23][24]