Artificial sweeteners and additives have
become a part of the modern diet across the globe. Their ability to enhance the
flavor and simultaneously reducing calorie intake has resulted in soaring the
demand for these sweeteners as sugar substitutes. Acesulfame K is one of the
major artificial sweeteners that is widely used. It has been used in food and
beverages around the world for 15 years. Acesulfame potassium is made by
transforming organic acetoacetic acid and combining it with the naturally
occurring potassium, to form a highly stable, crystalline sweetener.
As acesulfame k has been approved safe by the
FDA and WHO, it is gaining traction in cosmetics and pharmaceutical markets as
well. The increased demand has caused the emergence of new companies in the
market. According to the study, ‘Global
Acesulfame Market
Status (2015-2019) and Forecast (2020-2024)’, the key companies in the global
market are Niutang Chemical, HYET Sweet, Cargill Incorporated, Ajinomoto,
Hermes Sweetener, Ingredion Incorporated, The NutraSweet Company, Foodchem
International Corporation, Yamei aspartame, Jishan Group, Guanghui
Biotechnology, Sinosweet, and Huaxing. Leading market players, with innovations
in the product, are expected to dive into the pharmaceutical industry to grab
new opportunities in the landscape.
Based on market type, the major industries of
Acesulfame K are Food and beverage industry,
Pharmaceutical Industry, Feed, and Cosmetics.
With nutritional studies filled with hazards of sugar and its contribution to
various lifestyle diseases, acesulfame is extensively used in the food and
beverage industry. The sector accounts for more than half the revenue in the
global acesulfame market. However, the pharmaceutical market is predicted to
emerge as a prominent consumer for acesulfame k in the coming years.
Based on product type, the market is segmented
into food grade, pharmaceutical grade, and feed grade. Sky-rocketing sales of
sugar-free drinks remain as a driving force for the increasing demand of
acesulfame in the beverage industry. However, with its increased usage in baked
and confectionery products, manufacturers are expected to diversify their product
range to suit the changing demands.
The surging demand for acesulfame potassium is
because of the instabilities in price and supply of sugar generating prospects
for other sugar substitutes. Today's health-conscious population prefers
low-calorie food options, and with extensive sugar intake being considered
unhealthy, the demand for artificial sweeteners like acesulfame k has been
sky-rocketing. However, its main ingredient ‘sulphur’ being known as an
allergen, might prove as a restraint on the soaring demand. Other than this,
the development of bio-based additives might act as a hindrance as well.
Still, the sweetener has been used in a
variety of food and beverage products in the US since 1988. With the young
population, making healthier food choices than ever, the demand for acesulfame
is evidently high in the Asia Pacific region. The region is expected to create
profitable sales opportunities for artificial sweeteners manufacturers in the
coming years. The region of MIddle-East and Africa is expected to witness
moderate growth due to the sluggish food & beverage industry growth in
these regions during the forecast period. On the other hand, the region of
North America and Europe is predicted to witness moderate growth owing to the
mature pharmaceutical and food processing sectors.
The global acesulfame potassium market is
forecasted to gain a lot of popularity owing to a wider range of applications
in various industries including bakery, food and beverage, cosmetics, and
pharmaceutical. The key players are predicted to tap the market potential in
developing countries.
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