Global Market Insights, Inc. recently introduced a new title on 2018-2024 Acesulfame Potassium Market Report from its database. The report provides the study with an in-depth overview, describing the Product, Industry Scope and elaborates market outlook and status to 2024.
Asia Pacific is expected be the fastest growing region over the forecast period. In 2016, China was the biggest producer and consumer of the product owing to its increasing demand for diet food and carbonated drinks. Hence, China is likely to become the foremost supplier of the product by the end of the forecast period. Similarly, India has been also showing conducive conditions for the acesulfame potassium market growth in recent years due to the joint ventures and expansions with beverage companies such as PepsiCo Inc. and The Coca Cola Company.
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Countries including Japan and Indonesia are predicted to follow the same trend. In case of North America and Europea, the acesulfame potassium industry share is likely to witness moderate growth owing to the mature pharmaceutical and food processing sectors. In the Middle East & Africa, acesulfame potassium business will witness moderate growth rate in coming years owing to sluggish food & beverage industry growth in these regions.
Global Acesulfame Potassium Market size is likely to witness significant growth, expanding at a moderate CAGR during the forecast timespan. Acesulfame potassium is a crystalline powder, derived from acetic acid, which has elevated temperature stability, good shelf life and good water solubility with low calorie content. The fact that the product is 200 times sweeter than sugar, makes it desirable to be used as artificial sweeter or flavoring agent and a sugar substitute in the food & beverage, cosmetic and pharmaceutical industries.
The product has wide usage in food & beverage industry. It is declared as a non-carcinogenic by European Union and World Health Organization (WHO). Thus, making it highly desirable in mainly, beverage industry. Rising per capita income, growing consumerism and increased health awareness among consumers has been driving the food & beverage industry. This tremendous growth of food & beverage industry will have a direct impact on the acesulfame potassium market size in the forecast timespan.
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The major applications of acesulfame potassium market size includes food & beverage, pharmaceutical and cosmetics industry. Beverage (carbonated and non-carbonated) was the main consumer of the product in 2016, followed by food processing and pharmaceutical. The product is directly added in bakery products which need amplified shelf life. It is used in combination with other sweeteners such as sucralose and aspartame in beverages.
The key players operating in the acesulfame potassium market share are Changzhou Niutang Chemical Plant Company Limited, Suzhou Hope Technology Company Limited, Anhiu Jinhe Industrial Company Limited, Pepsico Inc., Spectrum Chemical Manufacturing Company, The Coca Cola Company, Tokyo Chemical Industry, Sigma Aldrich Company LLC. Other companies include Bimal Pharma Private Limited, A.B Enterprises and S.A Pharmachem Private Limited. The prominent market share contributors in product market are primarily focusing on tapping the enormous market potential of developing countries. The companies are establishing vast production facilities to fulfil the rapidly increasing local product demand in these developing regions.
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