Global Acesulfame Potassium Market is anticipated to witness an exponential growth in the forecast period. Acesulfame potassium, also termed as “Acesulfame K”, is a crystalline, odorless powder derived from acetic acid. Acesulfame potassium has a good shelf life, high water solubility & temperature stability and low-calorie content. Acesulfame is extensively used as an artificial sweetener.
The factors that propel the growth of the market include shifting usage patterns of food additives and increasing consumer health consciousness, high temperature stability, and extensive application in many areas, such as bakery, food and beverage, pharmaceutical, and cosmetic.
On the other hand, there are factors that may hamper the growth of the market including developments in producing bio-based food additives such as stevia and prolonged consumption of acesulfame potassium leads to increase in diabetes, obesity, insomnia, tooth decay, and the other heart problems. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Market could be explored by type, application, and geography. Market could be explored by type as Food Grade and Pharmaceutical Grade. The “Pharmaceutical Grade” segment led the market in 2017 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes increasing demand. The key applications that could be explored in the acesulfame potassium market include juices, ice cream, chewing gums, carbonated soft drinks, pudding, hard candy, yogurt, and gelatins.
Asia-Pacific accounted for the major share of the acesulfame potassium market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include its use in preparation of diet foods and carbonated drinks, huge population and fast lifting of FDI cap that is encouraging food and beverage establishments to set up shop in the nation. Furthermore, China is the major consumer and producer of acesulfame potassium. Asia-Pacific is followed by the North America region.
Some of the key players that fuel the growth of the acesulfame potassium market comprise Suzhou Hope Technology Co. Ltd. Changzhou Niutang Chemical Plant Co. Ltd., and Anhui Jinhe Industrial Co. Ltd., The Coca-Cola Company, and PepsiCo, Inc. among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global Acesulfame Potassium market?
• What are the challenges to market growth?
• Who are the key players in the Acesulfame Potassium market?
• What are the market opportunities and threats faced by the key players?
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials
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