Global Acesulfame Potassium Market, By Application (Food and Beverages, Baking, Table Top Sweeteners), Sales Channel (Online Retailers, Departmental Stores, Drug & Pharmacies Stores, Others), Product Type (Powder, Liquid, Granular), Grade (Food Grade, Pharmaceutical Grade) – Industry Trends and Forecast to 2029.
Acesulfame Potassium Market Analysis and Size
Acesulfame K, also known as acesulfame potassium, is 200 times sweeter and smaller in size than regular sugar and contains no calories, making it ideal for diabetics and those looking to lose weight. This artificial sweetener is heat stable even in moderately acidic or basic conditions, making it suitable for use as a food additive in baking or in products requiring a long shelf life.
Data Bridge Market Research analyses that the acesulfame potassium market was valued at USD 804.21 million in 2021 and is expected to reach the value of USD 1,100.62 million by 2029, at a CAGR of 4.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Acesulfame Potassium Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Food and Beverages, Baking, Table Top Sweeteners), Sales Channel (Online Retailers, Departmental Stores, Drug & Pharmacies Stores, Others), Product Type (Powder, Liquid, Granular), Grade (Food Grade, Pharmaceutical Grade),
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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PepsiCo Inc (U.S.), Spectrum Chemical (U.S.), The Coca-Cola Company (U.S.), TCI Chemicals (India) Pvt Ltd (India), Celanese Corporation (U.S.), Sinofi Ingredients (China), Hangzhou Sanhe(U.S.A) Inc (China), GELERIYA PRODUCTS (India), Merck KGaA (Germany)
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Opportunities
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Market Definition
Acesulfame potassium is a calorie-free sugar substitute that goes by the brand names Sweet One and Sunnett. It has been used as an artificial sweetener and still needs to be approved by numerous human consumption regulatory agencies.
Drivers
- Shift in food additive patterns combined with consumers rising health awareness
The changing pattern of food additive application and rising consumer health awareness are expected to benefit the acesulfame potassium market. In comparison to other types of food additives, acesulfame potassium has been scientifically proven to be a better choice because it avoids reactions with other product ingredients while preserving shelf life and nutritional values.
- Better alternative to artificial sweeteners
The product's high temperature stability is expected to drive demand for the acesulfame potassium market as it is used in the food manufacturing process. More opportunities may arise from the use of acesulfame potassium in conjunction with other flavouring and sweetening agents to counteract their aftereffects. Furthermore, the global acesulfame potassium market is expected to benefit from the product's solubility, which allows it to be easily absorbed and released after consumption. Acesulfame potassium is also a better alternative to artificial sweeteners because it has no effect on cholesterol levels.
Opportunities
Furthermore, the rapid growth in global processed and packaged food demand as a result of an increasing preference for convenient and healthy food products is expected to fuel market growth. Also, the development of advanced technologies to tap niche markets and increasing bioavailability, as well as government support and improving economic conditions in developing countries, will create new opportunities for the acesulfame potassium market from 2022 to 2029.
Restraints
The increasing presence of product substitutes and the increasing use of bio-based food additives such as stevia are the major factors acting as restraints and will further challenge the acesulfame potassium market during the forecast period.
This acesulfame potassium market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Acesulfame Potassium market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Acesulfame Potassium Market
One of the immediate market effects of COVID-19 was product supply disruption. Due to the virus outbreak, major end-user companies such as Coca-Cola have revealed a shortage of supply of the artificial sweetener from China. Coca-annual Cola's report also stated that issues with supply and availability of the artificial sweetener have caused a delay in export and production of zero-sugar and diet drinks. Thus, the lack of availability and delayed supply of artificial sweetener is a major concern for market growth in the midst of the global epidemic. The scarcity of this artificial sweetener may have a negative impact on the sector's growth.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Acesulfame Potassium Market Scope
The acesulfame potassium market is segmented on the basis of application, sales channel, product type and grade. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Food Grade
- Pharmaceutical Grade
Product type
- Powder
- Liquid
- Granular
Sales channel
- Online Retailers
- Departmental Stores
- Drug & Pharmacies Stores
- Others
Application
- Food and Beverages
- Baking
- Table Top Sweeteners
Acesulfame Potassium Market Regional Analysis/Insights
The acesulfame potassium market is analysed and market size insights and trends are provided by country, application, sales channel, product type and grade as referenced above.
The countries covered in the acesulfame potassium market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.
North America leads the acesulfame potassium market due to the expansion of the various end product markets in this region. Asia Pacific is expected to be the fastest growing region because of its use in the preparation of diet foods and carbonated drinks, China is currently the largest producer and consumer of acesulfame potassium.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acesulfame Potassium Market Share Analysis
The Acesulfame Potassium market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Acesulfame Potassium market.
Some of the major players operating in the Acesulfame Potassium market are:
- PepsiCo Inc (U.S.)
- Spectrum Chemical (U.S.)
- The Coca-Cola Company (U.S.)
- TCI Chemicals (India) Pvt Ltd (India)
- Celanese Corporation (U.S.)
- Sinofi Ingredients (China)
- Hangzhou Sanhe(U.S.A) Inc (China)
- GELERIYA PRODUCTS (India)
- Merck KGaA (Germany)
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