Acesulfame Potassium Market Growth, COVID Impact, Trends Analysis Report Forecast to 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.
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.
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: 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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