The global Acesulfame Potassium market stood at approximately 41 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5.4% during the forecast period until 2034. Acesulfame potassium serves as a sweetening agent not only in protein shakes but also in pharmaceutical items, notably chewable and liquid medications, enhancing the taste of active ingredients and improving overall palatability. There are two main grades of Acesulfame Potassium- Food Grade and Pharmaceutical Grade.
Acesulfame Potassium, also known as acesulfame K, is an artificial sweetener that activates sweet-taste receptors on the tongue, providing sweetness without sugar. Acesulfame potassium is approved for usage by agencies like the U.S. Food and Drug Administration (FDA) as an alternative sweetener. Manufacturers often blend it with other sweeteners like aspartame and sucralose to mask bitterness. It's widely used in various foods and drinks, including beverages, baked goods, dairy products, desserts, jams, toothpaste, and chewing gum. Unlike some sweeteners, it remains stable when heated, making it suitable for baked goods. Acesulfame potassium, beyond its widespread utilization as a calorie-free sweetener in food and beverages, finds niche applications in various industries. In pharmaceuticals, it serves as a sweetening agent in formulations like syrups, tablets, and powders, providing a palatable taste without contributing to caloric intake, which is particularly crucial in medications intended for consumption.
The Acesulfame Potassium market is driven by its surging demand in the food & beverage sector. There's a growing demand for low-calorie sweeteners like Acesulfame Potassium due to rising health awareness and the desire to reduce calorie intake in food and beverages. Moreover, the increasing prevalence of diabetes globally has spurred the need for sugar-free or low-sugar products, further fuelling the use of Acesulfame Potassium as a sweetening agent. The continuous expansion of the food and beverage industry, especially in emerging markets, provides ample opportunities for Acesulfame Potassium manufacturers to supply sweeteners for various products. Additionally, increasing urbanization and globalization have led to changes in dietary habits, favouring the consumption of processed and convenience foods where Acesulfame Potassium is extensively used as a sweetening agent. Also, the pharmaceutical sector is another contributing factor to the Acesulfame Potassium market expansion. In summary, the Acesulfame Potassium market is expected to witness expansion and reach approximately 75 thousand tonnes in 2034.
Geographically, Asia Pacific is poised to emerge as the dominant and rapidly expanding region by the end of the forecast period. This anticipated growth is driven by several factors including the region's burgeoning population, rising disposable incomes, and increasing urbanization. As consumer preferences shift towards convenience foods and beverages, there's a growing demand for low-calorie sweeteners like Acesulfame Potassium. Additionally, the expanding food and beverage industry in countries like China and India, coupled with changing dietary habits, further fuels the demand for artificial sweeteners. On the other hand, the stagnant market growth for Acesulfame Potassium in North America can be attributed to several factors. Firstly, there is a growing consumer preference for natural and clean label ingredients, leading to a shift away from artificial sweeteners like Acesulfame Potassium. Additionally, heightened awareness of potential health concerns associated with artificial sweeteners may dampen demand in the region. Furthermore, market saturation and maturity in North America may limit opportunities for significant expansion in demand.
Based on the end-user industry, the global Acesulfame Potassium market is divided into Food & Beverage, Pharmaceuticals, and Others. Among these, Food & Beverage is the dominating industry and held roughly 83% of the global Acesulfame Potassium market in 2023.
Major players in the Global Acesulfame Potassium market are Changzhou Niutang Chemical Plant Co. Ltd., Suzhou Hope Technology Co. Ltd., Anhui Jinhe Industrial Co. Ltd., PepsiCo Inc., The Coca-Cola Company, Tokyo Chemical Industry, Sigma Aldrich Company LLC, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Acesulfame Potassium which covers production, demand and supply of Acesulfame Potassium market in the globe.
• To analyse and forecast the market size of Acesulfame Potassium
• To classify and forecast Global Acesulfame Potassium market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acesulfame Potassium market in the globe.
To extract data for Global Acesulfame Potassium market, primary research surveys were conducted with Acesulfame Potassium manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Acesulfame Potassium market over the coming years.
ChemAnalyst calculated Acesulfame Potassium demand across the globe by analyzing the volume of Acesulfame Potassium consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acesulfame Potassium manufacturers and other stakeholders
• Organizations, forums and alliances related to Acesulfame Potassium distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acesulfame Potassium manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Acesulfame Potassium market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
41 thousand tonnes
Market size Volume in 2034
75 thousand tonnes
Growth Rate
CAGR of 5.4% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverage, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Acesulfame Potassium in terms of volume in 2023?
Ans:
The global market size of Acesulfame Potassium had reached approximately 41 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Acesulfame Potassium?
Ans:
Food & Beverage industry is the leading end-user industry of Acesulfame Potassium globally.
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