Acesulfame potassium is directly added to bakery products and other foods that require increased shelf life. Acesulfame Potassium Market is forecasted to register a 5.3% CAGR during the forecast period (2022-2032) and is projected to reach US$ 404.9 million by 2032.
Acesulfame potassium is an odorless, crystalline powder that is derived from acetic acid. Acesulfame potassium has low-calorie content, high-temperature stability & water solubility, and good shelf life. Acesulfame potassium is 200 times sweeter than sugar it is a widely used sugar substitute or artificial sweetener and flavoring agent in food & beverage, pharmaceutical, and cosmetic industries.
In beverages, acesulfame potassium is used in combination with other sweeteners including aspartame and sucralose. Acesulfame potassium is also used in the pharmaceutical industry, to alter the bitter taste of chewable tablets and liquid medicines.
Acesulfame potassium is rendered as non-carcinogenic by World Health Organization and European Union regulations. The beverage industry is currently the largest consumer of acesulfame potassium, followed by food processing and pharmaceutical.
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Global Acesulfame Potassium Market: Drivers & Restraints
Increasing consumer health awareness and changing usage patterns of food additives are driving the market demand for acesulfame potassium. Artificial sweeteners are added to different foods and beverages so as to reduce the overall calorie content in foods as well as preserve their nutritional values.
However, prolonged consumption of these artificial sweeteners such as aspartame, cyclamate, sucralose, and saccharin has contributed to causing an increase in obesity, diabetes, tooth decay, insomnia, and other heart problems.
Moreover, these additives also react with the ingredients of the product, thereby affecting nutrition and shelf life. Acesulfame potassium is considered suitable as compared to other food additives since it does not react with other ingredients.
Due to high-temperature stability, acesulfame potassium can be directly added during the food manufacturing process. Acesulfame potassium also counterbalances the post-effect of other sweeteners and flavoring agents and is hence used in conjunction. Furthermore, acesulfame potassium does not affect cholesterol levels, and owing to its solubility characteristics, it gets easily absorbed and excreted after consumption.
However, global developments in producing bio-based food additives such as stevia can be considered a restraining factor that might hinder the growth of global acesulfame potassium market demand.
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Global Acesulfame Potassium Market: Key Players
Some of the major producers dominating the acesulfame potassium market include Changzhou Niutang Chemical Plant Co. Ltd., Suzhou Hope Technology Co. Ltd., Anhui Jinhe Industrial Co. Ltd. PepsiCo, Inc., and The Coca-Cola Company among others.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
Key Segments Profiled in the Acesulfame Potassium Market Survey
By Application:
- Food and Beverage
- Pharmaceuticals, Cosmetics
- Table Top Sweeteners
- Others
By Market Type:
- Pharmaceutical Grade
- Food Grade
By Region:
- North America
- Latin America
- The Asia Pacific
- THING
- Europe
Global Acesulfame Potassium Market: Region-wise Outlook
In terms of the global demand for acesulfame potassium, Asia Pacific is anticipated to become the fastest-growing region by the end of the forecast period. Currently, China is the largest producer and consumer of acesulfame potassium owing to its use in the preparation of diet foods and carbonated drinks.
Thus, China is expected to become the leading supplier of acesulfame potassium by the end of 2020. India is likely to depict a favorable end-user market for acesulfame potassium, owing to its joint ventures and expansions with other beverage giants such as The Coca-Cola Company. Other countries such as Indonesia and Japan are expected to follow a similar trend.
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North America followed by Europe is expected to illustrate a stagnant growth in demand for acesulfame potassium by 2020, due to their mature food processing and pharmaceutical markets. However, slow growth is likely to result due to the consumption of acesulfame potassium in the preparation of cosmetics such as lipsticks among others. The rest of the world, especially Africa and Latin America is estimated to show the slowest growth by the end of the forecast period.
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Potassium Citrate Market: From 2023 to 2033, the global potassium citrate market is projected to expand from its 2023 valuation of US$ 705.23 Mn to its 2033 valuation of US$ 947.77 Mn, a CAGR of 3%.
Potassium Sulfate Market: Future Market Insights (FMI) forecasts the market value to top US$ 4,742.0 Mn in 2022. Demand for potassium sulphate is projected to grow at 4.8% CAGR between 2022 and 2029.
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