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The global market of acesulfame potassium is being significantly aided by the high intensity sweeteners market. The market is further propelled by the increasing demand from the food and beverages industry due to the demand for food products offering advanced health benefits. The increasing consciousness in consumers regarding health and fitness practices is further aiding the market growth. The market is further expected to grow in the region which are developing, owing to their food industry requirements, creating an opportunity for acesulfame potassium industry.
The rising prevalence of coronavirus pandemic across the world might hinder the market growth. However, with reducing lockdowns and economies turning back to normal, the acesulfame potassium industry is likely to grow during the forecast period. Companies like Mondelez International (NASDAQ: MDLS) and Kellogg Company (NASDAQ: K) have also facilitated in maintaining the supply chains across the globe for products made with acesulfame potassium. On the basis of geography, Europe is one of the major contributors to the market growth, specifically due to the demand generated from countries like France, the United Kingdom, Germany, and Italy. Amidst the coronavirus pandemic, North America is expected to emerge as a significant market in the upcoming years due to rising downstream demand.
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The major players in the global acesulfame potassium market include Celanese Corp., HYET Sweet B.V, Vitasweet Co. LTD., Fengchen Group Co. Ltd, and Geleriya Products among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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