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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