Acesulfame Potassium Sweetener Market - Forecasts from 2019 to 2024

The acesulfame potassium sweetener market is projected to grow at a CAGR of 4.19% to reach US$885.479 million in 2024 from US$692.324 million in 2018. Acesulfame potassium sugar refers to a zero calorie food additive utilized as a sugar substitute, it is usually used conjointly with other artificial sweeteners and is used in various food products as well as beverages. Acesulfame Potassium can withstand high temperatures which makes it incredibly useful as a sugar substitute for cooking and baking purposes. Geographically, Asia Pacific is evaluated to hold a noteworthy market growth rate during the forecast period because of the quick advancement of food and beverage processing as well as the rise in disposable income. The North America region, as well as the European region, is expected to have a significant market share during the forecast time frame due to the fact there is the high consumption of sweetened food products and beverages as well as the current inclination of leading a healthier lifestyle in these regions.

Drivers

Health problems caused by consuming sugar
Growing health-conscious population preferring low-calorie food options
Increase in the application in the beverage industry
Instabilities in Price and Supply of Sugar Generating Prospects for Sugar Substitutes

Restraints

Availability of substitutes
Allergic reactions as well as health and safety concerns caused by Acesulfame potassium
Stringent Government regulations

Industry Update

Acesulfame potassium is used as a masking agent for medicines, syrups, cosmetics, toothpaste, animal feed, etc. The product is currently implemented in over 3000 food and beverage products supplied in over 90 countries globally.

Major industry players profiled as part of the report are Suzhou Hope Technology Co., Ltd, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Spectrum Laboratory Products, Inc., Anhui Jinhe Industrial Co., Ltd, and Celanese Corporation among others.

Segmentation

The acesulfame potassium sweetener market has been analyzed through the following segments:

By Type
Granular
Powder
Liquid

By Application
Dairy
Beverages
Confectionary and Bakery
Processed food
Others

By Geography

North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others