Global Acesulfame K Market Size, Share, and COVID-19 Impact Analysis, By Form (Powder, Granular, Liquid), By Application (Bakery, Pharmaceutical, Food and Beverages, Cosmetics and Others), By Distribution Channel (Departmental Stores, Pharmacies & Online), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The Acesulfame-K Market was valued at USD 259.5 Million in 2021. The market is projected to grow around USD 981.1 million in 2030, at a CAGR of 3.6%. Acesulfame K is also known as Acesulfame Potassium which is about 200 times sweeter than sucrose but has a bitter taste when taken in high concentration. Acesulfame K is frequently combined with sucralose or aspartame to give soft drinks, shakes, and smoothies a taste closer to sucrose.

Additionally, this combination is utilized to improve the taste of medications. Acesulfame has a mediocre thermal stability. It can therefore be used in baked goods.

COVID-19 ANALYSIS

The outbreak of COVID-19 had negatively impacted the global acesulfame K market. Supply disruption is one of COVID-19's initial effects on the market. Due to the viral epidemic, prominent end-user businesses like Coca-Cola have disclosed a deficit in the supply of artificial sweetener from China. According to Coca-annual Cola's report, production of zero-sugar and diet drinks has been delayed due to problems with supply and availability of the artificial sweetener. Therefore, in the middle of the global pandemic, the lack of availability and delayed supply of artificial sweeteners is acting as a serious problem for the growth of the market.

Rising Usage in Pharmaceutical Sector to Drive Market Demand

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.

Growing Demand for Artificial Sweeteners to Fuel Growth

The market for acesulfame potassium is expected to benefit from rising health consciousness and increased demand for artificial food sweeteners. It is regarded scientifically as being a better option than other artificial sweeteners since it prevents reactions with other components of a product while retaining its nutritional content and shelf life.

Rising E-commerce Platforms to Boost the Sales of Acesulfame K

The rising e-commerce distribution across online platforms is likely to boost the sales of acesulfame K around the globe. Customers get a variety of products and ease of purchase in one place. The online segment is anticipated over the next few years due to the huge popularity of e-commerce platforms. The e-commerce sector has achieved huge sales due to the COVID-19 pandemic.

Excessive Consumption can lead to Health Issues Hampering the Market Growth

The excessive consumption of acesulfame potassium can lead to health issues including weight gains and shifts in the gut microbiome, which could potentially lead to obesity and chronic inflammation.

SEGMENTATION INSIGHT

Based on the form, the market is categorized powder, granular and liquid. Based on application, the market is categorized into bakery, pharmaceutical, food and beverages, cosmetics and others. Based on distribution channel, the market is categorized into departmental stores, pharmacies, online. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

REGIONAL INSIGHTS

The global acesulfame K market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

North America region is dominating the market share of global acesulfame K market owing to the supported by upstream strong demand from the food and beverage, cosmetics, and pharmaceutical industries. The mature food processing companies and pharmaceutical industry in the region are likely to propel the market growth in the region.

However, Asia Pacific region is anticipated to grow over the next few years of global acesulfame K market owing to rising incidence of diabetes and increased consumer awareness of calorie intake in developing nations. China is the main source of the product recognized as the best supplier in the region due to the usage of the product in the production of several carbonated beverages and dietary foods. India could present itself as a desirable end user in the global acesulfame potassium market courtesy of its expansions and collaborative partnerships with beverage behemoths like The Coca-Cola Company. Japan and Indonesia are two more nations that are anticipated to follow a similar path.

LIST OF KEY COMPANIES PROFILED:

• 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

Key Developments:

March 2018- Algol and the world's leading producer of sweeteners, HYET Sweet, have formed an exclusive distribution collaboration. Finland, Scandinavia, the Baltics, Ukraine, and Belarus are all included in the collaboration.

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