Press release
Acesulfame K Market Growth Trends 2023 Latest Challenges, Recent Opportunities, Emerging Technologies, Business Share and Size Forecast to 2030 | Algol, Anhui Jinhe Industrial Co. Ltd, Celanese Corporation
The Global Acesulfame K Market was valued at USD 259.5 Mn in 2021 and is anticipated to grow to around USD 981.1 Mn in 2030, registering a CAGR of 3.6% during the forecast period. The key driving factor behind the acesulfame k market's expansion is the rising incidence rate of diabetes and obesity, together with the corresponding rise in demand for diabetics' need for calorie-free artificial sweeteners.
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Acesulfame K, sometimes referred to as Acesulfame Potassium, is nearly 200 times sweeter than sucrose but, when consumed in large doses, has a bitter taste. To give soft drinks, shakes, and smoothies a flavor more akin to sucrose, acesulfame K is frequently blended with sucralose or aspartame. This combination is also used to enhance the flavor of drugs. The thermal stability of acesulfame is average. Therefore, it can be utilized in baked items.
Top Key Players-
• Algol
• Anhui Jinhe Industrial Co. Ltd
• Celanese Corporation
• Fengchen Group Co.,Ltd
• Geleriya Products
• Sanhe Enterprise
• Sinofi Ingredients (Shanghai Bichain Industrial Chemical)
• Spectrum Chemical
• TCI Chemicals (India) Pvt. Ltd.
• Vitasweet Co.,LTD.
• Others
Patients with diabetes are majorly consuming acesulfame K instead of sugar to maintain the sugar level in their body. Acesulfame potassium is also employed in the pharmaceutical sector to mask the bitter flavor of liquid medications and chewable tablets. Rising diabetic patients and developing pharmaceutical industry are contributing to the market's growth.
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The Global Acesulfame K Market Segmentation-
By Form-
• Powder
• Granular
• Liquid
By Application-
• Bakery
• Pharmaceutical
• Food and Beverages
• Cosmetics
• Others
By Distribution Channel-
• Departmental Stores
• Pharmacies
• Online
By Region-
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Key Industry Developments -
● March 2018- An exclusive distribution partnership has been established between Algol and HYET Sweet, the top manufacturer of sweeteners in the world. The collaboration includes Belarus, Ukraine, Finland, Scandinavia, and the Baltic states.
North America is projected to be accountable for the largest share of the global acesulfame K market due to high demand from several industries in the region including food and beverage, cosmetics, and pharmaceutical. It is projected that the main pharmaceutical enterprises and food processing businesses in the area will drive market expansion.
On the other hand, Asia Pacific is anticipated to grow significantly over the next few years owing to the rising prevalence of diabetes and improved consumer awareness of calorie intake in developing countries. Due to the fact that China is the product's primary source and the top provider in the region, many carbonated beverages and dietary meals are produced using this particular product.
On account of its expansions and strategic alliances with beverage manufacturers such As the Coca-Cola Company, India may position itself as a desirable end consumer in the global acesulfame potassium market. Other countries in the region anticipated to grow significantly are Indonesia and Japan.
Growing health consciousness has led to a rise in the demand for high-quality food products with cutting-edge health advantages, which is driving the market for acesulfame potassium. The market is also being driven by the increase in consumer demand for a wide range of low-calorie foods as they improve the variety of foods available.
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