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Global Acesulfame Potassium Market: By Application: Food and Beverage, Pharmaceuticals, Cosmetics, Table Top Sweeteners, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Acesulfame Potassium Market Outlook
The global acesulfame potassium market reached a value of USD 0.15 million in 2020. The global acesulfame potassium industry is expected to be aided by the high intensity sweeteners market, which is estimated to grow at a CAGR of 4.2% in the forecast period of 2021-2026.
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Increasing Health Awareness to Aid the Market Growth of Acesulfame Potassium
The market for acesulfame potassium is being driven by the increasing health awareness, which has generated an increased demand for quality food products that offer advanced health benefits. The market is further propelled by the rising demand for an extensive variety of low-calorie products as they make for a better food variety. Further, common factors, such as changing lifestyles, people's increasing calorie consciousness, and increasing diabetic people, are leading customers to gradually opt for artificial sweeteners or go sugarless in their diet. Thereby aiding the market growth of acesulfame potassium.
Acesulfame potassium has been used as an artificial sweetener since 2003, although it still needs to get approved by several regulatory agencies for human consumption. For example, the World Health Organization (WHO), Agriculture Organization (FAO) of the United Nations, and Joint Expert Committee on Food Additives of the Food have evaluated and examined the data several times from acesulfame potassium studies and deemed it harmless for use in food. Likewise, the United States Food and Drug Administration (FDA) has recognised acesulfame potassium as safe for intake in the form of a food additive.
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Acesulfame Potassium: Industry Definition and Segmentation
Acesulfame potassium is a calorie-free sugar alternate that comes under the trade names, such as Sweet One and Sunnett. The product was discovered in 1967 by Karl Clauss, a chemist, in Hoechst AG (now known as Nutrinova) in Germany. The compound is 200 times sweeter than sugar and is used extensively in the food industry.
On the basis of application, the market is divided into:
- Food and Beverage
- Pharmaceuticals
- Cosmetics
- Table Top Sweeteners
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Artificial Food Sweetening Elements to Aid the Acesulfame Potassium Industry Growth
The acesulfame potassium industry is aided by the rising demand for artificial food sweetening elements and the growing health awareness. The product is scientifically considered to be an enhanced choice as opposed to its counterparts as the former prevents any kind of reaction with other elements of a product, along with maintaining its nutritional values and shelf life. Further, the extensive use of the product in various food items like candies, baked goods, frozen desserts, dessert mixes, tabletop sweeteners, and beverages is aiding the market growth.
Key Industry Players in the Global Acesulfame Potassium Market
The report gives a detailed analysis of the following key players in the global acesulfame potassium market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Celanese Corp.
- HYET Sweet B.V.
- Vitasweet Co.,LTD
- Fengchen Group Co.,Ltd
- Geleriya Products
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Acesulfame Potassium Market Analysis
8.1 Key Industry Highlights
8.2 Global Acesulfame Potassium Historical Market (2016-2020)
8.3 Global Acesulfame Potassium Market Forecast (2021-2026)
8.4 Global Acesulfame Potassium Market by Application
8.4.1 Food and Beverage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Pharmaceuticals
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Cosmetics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Table Top Sweeteners
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Others
8.5 Global Acesulfame Potassium Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Price Analysis
11.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
11.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
11.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
11.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
11.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
12 Value Chain Analysis
13 Cost Analysis
13.1 Raw material cost
13.2 Consumables Cost
13.3 Utility
13.4 Labour Cost
13.5 Indirect Cost
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Celanese Corp.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 HYET Sweet B.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Vitasweet Co.,LTD
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Fengchen Group Co.,Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Geleriya Products
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Acesulfame Potassium Market: Key Industry Highlights, 2016 and 2026
2. Global Acesulfame Potassium Historical Market: Breakup by Application (USD Million), 2016-2020
3. Global Acesulfame Potassium Market Forecast: Breakup by Application (USD Million), 2021-2026
4. Global Acesulfame Potassium Historical Market: Breakup by Region (USD Million), 2016-2020
5. Global Acesulfame Potassium Market Forecast: Breakup by Region (USD Million), 2021-2026
6. North America Acesulfame Potassium Historical Market: Breakup by Country (USD Million), 2016-2020
7. North America Acesulfame Potassium Market Forecast: Breakup by Country (USD Million), 2021-2026
8. Europe Acesulfame Potassium Historical Market: Breakup by Country (USD Million), 2016-2020
9. Europe Acesulfame Potassium Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Asia Pacific Acesulfame Potassium Historical Market: Breakup by Country (USD Million), 2016-2020
11. Asia Pacific Acesulfame Potassium Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Latin America Acesulfame Potassium Historical Market: Breakup by Country (USD Million), 2016-2020
13. Latin America Acesulfame Potassium Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Middle East and Africa Acesulfame Potassium Historical Market: Breakup by Country (USD Million), 2016-2020
15. Middle East and Africa Acesulfame Potassium Market Forecast: Breakup by Country (USD Million), 2021-2026
16. North America Historical Price Trends and Forecast 2016-2026
17. Europe Historical Price Trends and Forecast 2016-2026
18. Asia Pacific Historical Price Trends and Forecast 2016-2026
19. Latin America Historical Price Trends and Forecast 2016-2026
20. Middle East and Africa Historical Price Trends and Forecast 2016-2026
21. Global Acesulfame Potassium Market Structure
Key Questions Answered in the Report
In 2020, the global acesulfame potassium market attained a value of nearly USD 0.15 million.
The high intensity sweeteners market is projected to grow at a CAGR of 4.2% between 2021 and 2026, aiding the growth of the acesulfame potassium industry.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising health awareness, growing demand for quality food products, increasing calorie consciousness, changing lifestyles, and rising incidences of diabetes, are expected to aid the market growth.
The key trends guiding the growth of the market include the growing demand for an extensive variety of low-calorie products and rising approval of the product from regulatory authorities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are food and beverage, pharmaceuticals, cosmetics, and table top sweeteners, among others.
The major players in the industry are Celanese Corp., HYET Sweet B.V., Vitasweet Co.,LTD, Fengchen Group Co.,Ltd, and Geleriya Products, among others.
Analyst Review
The global acesulfame potassium market attained a value of USD 0.15 million in 2020, driven by the rising demand for high intensity sweeteners. Aided by the growing health consciousness, the high intensity sweeteners market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 4.2%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into food and beverage, pharmaceuticals, cosmetics, and table top sweeteners, among others. The major regional markets for acesulfame potassium are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Celanese Corp., HYET Sweet B.V., Vitasweet Co.,LTD, Fengchen Group Co.,Ltd, and Geleriya Products, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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