The acesulfame potassium market is anticipated to flourish at an average CAGR of 5.5% between 2023 and 2033. The market is expected to hold a market share of USD 432.3 million by 2033 while the market is likely to reach a value of USD 253.1 million in 2023.
The global acesulfame potassium market is expected to attract substantial attention due to a wide range of applications in bakeries, food and beverage companies, cosmetic companies, and pharmaceutical companies. For modifying the bit taste of syrups and chewable tablets, acesulfame sweetener is mainly used in the pharmaceutical industry.
Since acesulfame potassium or ace K is soluble, 200 times sweet than sugar, and does not affect cholesterol levels, it has no adverse effects on the human body, thereby increasing the demand for the ace K market.
Artificial sweeteners such as sucralose, aspartame, xylitol, and others are typically used in combination with sucralose to create a healthy alternative to sugar. Currently, the beverage industry is a leading consumer of acesulfame potassium, followed by the food processing and pharmaceutical industries. In the future, the global acesulfame potassium market is expected to benefit from changing patterns in the application of food additives and an increase in consumer awareness of health issues.
There are, however, restraining factors in the market which could hinder the growth of global acesulfame potassium demand because of global developments in producing bio-based food additives such as stevia. Also, prolonged consumption of artificial sweeteners such as cyclamate and saccharin has contributed to an increase in obesity, diabetes, tooth decay, insomnia, and other heart problems.
| Attributes | Details |
|---|---|
| Acesulfame Potassium Market CAGR (2023 to 2033) | 5.5% |
| Acesulfame Potassium Market Size (2023) | USD 432.3 million |
| Acesulfame Potassium Market Size (2033) | USD 253.1 million |
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The global developments in the production of bio-based food additives such as stevia can be viewed as a restraining factor that may slow the growth of the global acesulfame potassium market.
The disadvantages of other artificial sweeteners in the portion of their continued consumption include tooth decay, insomnia, obesity, the risk of heart problems, and diabetes, which are expected to aid this market's growth at a steady CAGR.
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| Country | Revenue Share % (2022) |
|---|---|
| The United States | 22.1% |
| Germany | 6.3% |
| Japan | 7.8% |
| Australia | 5.4% |
| Country | CAGR % (2023 to 2033) |
|---|---|
| China | 4.3% |
| India | 5.8% |
| The United Kingdom | 4.7% |
North America is anticipated to experience stagnant market growth in demand for acesulfame potassium. In 2022, the United States held a maximum acesulfame potassium market share of 22.1% due to its mature food processing and pharmaceutical markets.
Recently, a countrywide nutrition survey found that 25% of youth and 41% of seniors consumed beverages and foods containing low-calorie sweeteners like sucralose, aspartame, and saccharin.
There is a significant share of 21% expected to be captured by Europe’s acesulfame potassium market. It is due to the European Commission initiating an anti-dumping proceeding regarding imports of acesulfame potassium originating in the PRC as well as acesulfame potassium originating in the PRC included in preparations or mixtures such as other sweeteners and/or water.
Nevertheless, the adoption of acesulfame potassium in cosmetics such as lipstick may likely result in slow acesulfame potassium market growth.
In terms of the global demand for acesulfame potassium, Asia Pacific is anticipated to become the significantly growing and dominating region by the end of the forecast period. As a result of its use in diet food preparation and carbonated drinks, China is the world's leading producer and consumer of acesulfame potassium.
China was the leading supplier of acesulfame potassium in 2022. On the other hand, India is likely to depict a favorable end-user acesulfame potassium market, owing to its joint ventures and expansions with other beverage giants such as The Coca-Cola Company.
| Category | By Application Type |
|---|---|
| Leading Segment | Food and Beverage |
| Market Share (2022) | 54.2% |
| Category | By Type |
|---|---|
| Leading Segment | Food Grade |
| Market Share (2022) | 54.3% |
Based on application type, the food and beverage segment lead the market as it held a market share of 54.2% in 2022. The type category is dominated by the food grade segment as it held a market share of 54.3% in 2022.
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How is the Start-up Ecosystem in the Acesulfame Potassium Market?
Various business models are emerging all the time, sometimes due to market changes and sometimes due to new trends. It is becoming increasingly common for start-ups to focus on innovative ideas, mergers, and acquisitions to maximize the adoption of acesulfame potassium.
Companies that manufacture food sweeteners are aligning their manufacturing processes with consumer preferences. Further, in recent years, consumer preferences have changed, resulting in manufacturers producing clean-label products, which is expected to continue.
Many competitors in the acesulfame potassium market have developed new ways or upgraded their current products to increase their geographic footprint and upgrade their product usage. Further, investment power is increasing for both existing and emerging players.
Jowell Global Ltd., one of China's leading e-commerce platforms for cosmetics, health and nutritional supplements, and household products, announced today that the Company is developing a cooperative relationship with Hope Bio-Technology Co., Ltd. and has signed a strategic partnership agreement with its affiliate, Suzhou Wujiang Hope Bio-Technology Co., Ltd.
According to the Agreement, the parties may collaborate in the research and development of new immune cell technologies for skincare products, cosmetics, and health and nutritional supplements, with a focus on in-depth collaboration in cutting-edge cellular technology.
Anhui Jinhe Industrial Co., Ltd. announced on September 28, 2016, that it had begun a project to expand its sucralose capacity, and that the new capacity might be available in late March. The project, which may cost USD 68.65 million, may allow the company to increase its sucralose capacity.
PepsiCo, Inc. has closed a new USD 1.25 billion 10-year Green Bond. The Company may use an amount equal to the net proceeds of the offering to fund Eligible Green Projects.
It may focus on the Company's pep+ (PepsiCo Positive) agenda - the Company's strategic, end-to-end transformation that puts sustainability and human capital at the center of how it may create growth and value.
PepsiCo's new Green Bond investments may focus on key environmental sustainability initiatives under two pillars of its pep+ agenda including Positive Agriculture and Positive Value Chain. This may assist the company in fulfilling its goal of operating within planetary boundaries and inspiring positive change for the planet and people.
The market is projected to generate USD 253.1 million in sales by 2023.
The global market is set to be worth USD 432.3 million by 2033.
The market is estimated to advance at a 5.5% CAGR through 2033.
The rise in demand for sugar substitutes in various food and beverage items is the market's primary opportunity.
The United States had a significant market share of 22.1% for acesulfame potassium.
The food and beverage segment dominated the market in terms of application type, with a 54.2% market share.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Food and Beverage 5.2. Pharmaceuticals 5.3. Table Top Sweeteners 5.4. Cosmetics 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Market Type 6.1. Pharmaceutical Grade 6.2. Food Grade 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Market Structure Analysis 17. Competition Analysis 17.1. Changzhou Niutang Chemical Plant Co. Ltd. 17.2. Suzhou Hope Technology Co. Ltd. 17.3. Anhui Jinhe Industrial Co. Ltd. 17.4. PepsiCo Inc. 17.5. The Coca-Cola Company 17.6. Tokyo Chemical Industry 17.7. Sigma Aldrich Company LLC. 17.8. Cargill 17.9. Tate & Lyle 17.10. Geleriya Products 18. Assumptions & Acronyms Used 19. Research Methodology
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Acesulfame Potassium Market
