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Global Acesulfame K Market Size to grow by US$ 981.1 Million in 2030

The acesulfame K market is projected to grow around USD 981.1 Million by 2030, at a CAGR of 3.6%. Acesulfame potassium can be added directly during the food manufacturing process due to its great temperature stability. When used in conjunction with other sweets and flavorings, acesulfame potassium also balances the aftereffect of the taste. Acesulfame potassium also has no negative effects on cholesterol levels and is quickly absorbed and eliminated after ingestion due to its solubility properties.

Acesulfame K Market

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The market is discovering new areas of application as awareness of various diets, such as the low-carb diet, Dukan Diet, Paleo Diet, and Keto Diet, grows. The ketogenic diet was the most widely adopted diet in 2018. It has become well-known as a sugar substitute that is suitable for the keto diet because each half-gram serving of this sweetener only has 0.5 g of net carbohydrates. It is frequently utilized in many diet drinks like Coke Zero, however because of the global COVID-19 pandemic, its supply to different soft drink producers has been significantly disrupted, which may have had a detrimental effect on the industry/product’s growth. The negative effects of COVID-19 on countries like China would also have a severe effect on market growth since it would result in a supply chain problem.


The powder segment is dominating the market share of global acesulfame K market owing to the high demand for the product in this form in baking and other food preparations, together with its easy availability in this form (the substance occurs as white crystalline powder).

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The food & beverage segment is dominating the market share of global acesulfame K market owing to the wide use of the artificial sweetener in confectionery & bakery, beverages, dairy, processed food, and other food & beverage products. Also, have numerous properties such as heat stability, rapid solubility, ability to enhance flavor, and approval for use in food & beverages in more than 100 countries.


Asia Pacific region is anticipated to grow over the next few years of global acesulfame K market owing to rising diabetes incidence rates and increased consumer awareness of calorie intake in developing nations. And China being the largest producer and user of acesulfame potassium owing to its application in manufacture of diet meals and carbonated drinks. By the end of 2020, China is anticipated to overtake other suppliers as the main source of acesulfame potassium. Acesulfame potassium is expected to find a favorable end-user market in India as a result of the country's partnerships and expansions with other beverage industry behemoths like The Coca Cola Company. Japan and Indonesia are two more nations that are anticipated to follow a similar path.

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KEY INDUSTRY 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.


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